Allison DeAngelis is the East Coast biotech and venture capital reporter at STAT, reporting where scientific ideas and money meet. She is also co-host of the weekly biotech podcast, The Readout Loud. You can reach Allison on Signal at AllisonDeAngelis.01. Omega Funds, the biotech VC firm founded by brash investor Otello Stampacchia, has raised nearly
FILE – The headquarters of the U.S. Department of Education, March 12, 2025, in Washington. (AP Photo/Mark Schiefelbein, File) By: Shauneen Miranda WASHINGTON (North Dakota Monitor) — President Donald Trump’s administration confirmed Friday that it’s releasing funds that support before- and after-school programs as well as summer programs, a portion of the $6.8 billion in
US startup funding surged 75.6 per cent in the first half of 2025, thanks to the continued AI boom, putting it on track for its second-best year ever, even as venture capital firms struggled to raise money, a report from PitchBook has shown. Startup funding in the first six months of 2025 jumped to $162.8
CoinDCX, one of India’s largest cryptocurrency exchanges, suffered a major security breach, which wiped out nearly $44 million (around Rs 378 crore) from the platform, even as the company has said that customer funds remained unaffected and safe. While the company has said it will cover the exposure entirely from its own reserves, the incident
Like Donald Trump, Kyrsten Sinema has proven that the system now in place is there to be used by unscrupulous people, that the FEC is essentially irrelevant, and that politicians who just don’t care how things look can use creative accounting to do whatever they damn well please. In the past three months alone she’s
The Trump administration is reportedly planning a new executive order targeting chatbots that are “woke,” a term co-opted by conservatives to describe left-leaning viewpoints. The Wall Street Journal reports that the order comes in response to what administration officials see as a “liberal bias” in some AI models, and would mean that AI companies getting
Ohio’s TechCred program awards over $9.9 million to 622 employers, setting a record for the highest single-round total since its inception in 2019. COLUMBUS, Ohio — Gov. Mike DeWine announced a record-breaking milestone for the state’s TechCred program, with more than $9.9 million awarded during the May application round, marking the highest single-round total since
WASHINGTON — The Education Department will release $1.3 billion in previously withheld grant money for after-school programs, days after 10 Republican senators sent a letter imploring the Trump administration to allow frozen education money to be sent to states. President Donald Trump’s administration on July 1 withheld more than $6 billion in federal grants for
On Wednesday, the Trump administration revoked $4 billion in federal funds for the California high-speed rail project. “Federal dollars are not a blank check – they come with a promise to deliver results. After over a decade of failures, [California High Speed Rail Authority’s] mismanagement and incompetence has proven it cannot build its train to
On Wednesday, the Trump administration revoked $4 billion in federal funds for the California high-speed rail project. “Federal dollars are not a blank check – they come with a promise to deliver results. After over a decade of failures, [California High Speed Rail Authority’s] mismanagement and incompetence has proven it cannot build its train to