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☆ How Eli Lilly plans to fix the supply snag for its blockbuster diabetes drug
▼ + stars: | 2024-01-26 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +8 min

They're also at the heart of our investment thesis in Eli Lilly, a longtime Club holding. Shares of Eli Lilly have soared nearly 80% over the past 12 months, including a more-than-5% gain in January alone. In November, Eli Lilly indicated it was on track to meet the goal, which also was made possible by upgrades to existing facilities. Eli Lilly has used KwikPen technology for other diabetes treatments, such as insulin injections, for many years. Eli Lilly & Co. Mounjaro brand tirzepatide medication arranged at a pharmacy in Provo, Utah, US, on Monday, Nov. 27, 2023.

Persons: Eli Lilly, —, Eli Lilly's, They're, FactSet, Lilly's, Dave Ricks, Ricks, Lilly, there's, Morgan Stanley, Eli, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: CNBC, FDA, Novo Nordisk, JPMorgan Healthcare Conference, Research, Barclays, RTP, —, U.S, JPMorgan, Bloomberg, Getty Locations: Danish, Indianapolis, North Carolina, Carolina, Concord , North Carolina, Germany, U.S, Australia, Canada, KwikPen, Provo , Utah

☆ Generative AI startup Recraft just raised $12 million from Khosla Ventures and Nat Friedman with this 22-slide pitch deck
▼ + stars: | 2024-01-18 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +3 min

Read previewRecraft, a startup that aims to vastly improve the quality of AI-generated images, has raised $12 million in fresh funds. "We are building some unique things using technology that no one else has," Anna Veronika Dorogush, Recraft's CEO and founder told Business Insider. Recraft has brought in $12 million from Khosla Ventures and former GitHub CEO, Nat Friedman, with participation from RTP Global, Abstract VC, Basis Set Ventures, Elad Gil, and other angel investors. The startup originally wanted to raise $10 million but increased the round size due to being heavily oversubscribed, Dorogush said. AdvertisementThe company hasn't spent money on marketing, relying on word-of-mouth referrals to accrue more than 350,000 users, Dorogush added.

Persons: —, Anna Veronika Dorogush, Recraft, Nat Friedman, Elad Gil, Dorogush, hasn't Organizations: Service, Business, Khosla Ventures, RTP Global Locations: London, New York

☆ Teams Tackling Madeira Wildfires Reinforced as Missing Tourists Found
▼ + stars: | 2023-10-13 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

The Civil Protection authority on Friday morning located the missing tourists. They had fled to a cave in a mountainous part of Porto Moniz and an operation to rescue them from the area was under way, it said on social media. "It was a complicated night, a difficult night," Civil Protection secretary of state Patricia Gaspar told public broadcaster RTP at Lisbon's military airport. A few houses have been destroyed in Calheta and Porto Moniz, but no serious injuries reported so far, authorities said. Porto Moniz mayor Emanuel Camara told RTP it was a "night to forget" and that "many people" were evacuated as a precaution.

Persons: Catarina Demony, Porto, Porto Moniz, Patricia Gaspar, Carlos Teles, Emanuel Camara, Gaspar, Inti Landauro, John Stonestreet Organizations: Friday, Porto Moniz, RTP, Camara de Lobos Locations: Catarina Demony LISBON, Portugal, Madeira, Calheta, Porto, Camara, Funchal

☆ New York is a tech startup hotbed after almost a decade-long run of IPOs
▼ + stars: | 2023-09-22 | by ( Jordan Novet | ) www.cnbc.com time to read: +4 min

New York had its share of startup investors and venture-backed companies, but it wasn't a hotbed of tech activity. After four years at the company, Wang left but chose to stay in New York to launch Bearworks, providing software to sales reps. In 2014, prior to the run of New York City IPOs, California was the leader, followed by Massachusetts and then New York. During the record fundraising year of 2021, New York startups received almost $50 billion across 1,935 companies. Northern California has long been the heartbeat of the tech industry, but Murat Bicer remembers what it was like for New York startups before the rush.

Persons: Olivier Pomel, Albert Wang, Datadog, Wang, UiPath, they've, San Francisco's OpenAI, Murat Bicer, Bicer, Datadog's, Pomel Organizations: Datadog, Big Apple, Nasdaq, National Venture Capital Association . Massachusetts, ChatGPT, Investors, Bay, RTP Ventures, RTP, Boston, Index Ventures, New York Times Locations: San Francisco, New York, Boston, Datadog, York, San Francisco Bay, East Coast, Yorkers, , New York, California, New York City IPOs , California, Massachusetts, San Francisco's, PitchBook . Northern California, Silicon Valley, West, West Coast, Europe, Pomel

The service will compete with private sector real-time payments systems, including The Clearing House's RTP network, and was initially opposed by big banks who said it was redundant. Unlike peer-to-peer payments services like Venmo or PayPal, which act as intermediaries between banks, payments made via FedNow will settle directly in central bank accounts. The Fed also operates a real-time payments system called FedWire, but that's reserved for large-scale, mostly corporate payments and is only operational during business hours. While the new FedNow system is for everyone, it's likely to benefit consumers and small businesses the most, analysts have said. But Fed officials have downplayed those concerns, arguing that banks have tools available to mitigate a wave of outflows.

Persons: JPMorgan Chase, FedNow, Anu Somani, it's, ”, Carl Slabicki, Lance Noggle, Hannah Lang, Michelle Price, Andrea Ricci Organizations: U.S . Federal, European Union, JPMorgan, Bank of New York Mellon, US Bancorp, RTP, U.S . Bank, PayPal, Fed, Mellon’s Treasury Services, “, Independent Community Bankers of, Thomson Locations: United Kingdom, India, Brazil, FedNow, Independent Community Bankers of America, Silicon, Washington

☆ Climate startup Supercritical nabbed $13 million to help carbon removal projects get funded. Check out the 11-slide pitch deck it used to secure the funds from Lightspeed.
▼ + stars: | 2023-06-21 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

London-based startup Supercritical just raised $13 million to help projects get funded via companies. London-based startup Supercritical has just raised $13 million from Lightspeed Venture Partners to help the "groundswell" of businesses pledging to invest in carbon removal. That's where carbon removal — tree-planting, sucking CO2 from the air using technology, or enhanced rock weathering — comes in. Long term, it wants to be the "no brainer" option for carbon removal purchases. Check out the 11-slide redacted pitch deck Supercritical used to raise the funds.

Persons: we've, Michelle You, Aaron Randall, Carbo Organizations: Lightspeed Venture Partners, Paris, Frontier Fund, RTP Global, Greencode Ventures, MMC Ventures Locations: London

☆ Yonder, a fintech startup that helps expats get credit cards and offers rewards for spend, raised $78 million in debt and equity using this 11-slide pitch deck
▼ + stars: | 2023-04-17 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

London-based fintech startup Yonder has raised $78 million in debt and equity. Yonder, a London-based credit card startup, has raised $78 million in debt and equity in a new funding round. Yonder previously brought in $26 million in debt and equity as part of a seed funding round. This latest raise comes in the form of £12.5 million, about $15.7 million, in equity and £50 million, roughly $62.6 million, in debt. Yonder also plans to launch in two further unspecified cities and offer more events to users with its new capital, Chong said.

☆ Here's the 9-page pitch deck Tealbook used to raise its $50 million Series B and help businesses source from more diverse suppliers
▼ + stars: | 2023-04-02 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +3 min

The startup uses AI-boosted data to help institutions source from more diverse suppliers. Check out the nine-page pitch deck below. Ownership data can help meet diverse sourcing claims; raw-materials data can help with ethical sourcing goals; carbon-emissions data can help with climate goals. Here's the pitchbook Lapierre used to land her $50 million Series B round led by Ten Coves Capital, with participation from BDC Capital, Grand Ventures, RBC Ventures, Reciprocal Ventures, Refinery Ventures, S&P Global, Stand Up Ventures, RTP Global, Workday Ventures, CIBC Ventures, and Good Friends. Tealbook TealbookTealbook pitch deck TealbookTealbook pitch deck TealbookTealbook pitch deck TealbookTealbook TealbookTealbook pitch deck TealbookTealbook pitch deck TealbookTealbook pitch deck Tealbook

☆ Portugal agrees to swap Cape Verde's debt for environmental investment
▼ + stars: | 2023-01-23 | by ( Sergio Goncalves | ) www.reuters.com time to read: +2 min

LISBON, Jan 23 (Reuters) - Portugal has signed an agreement to swap Cape Verde's debt for investments in an environmental and climate fund that is being established by the archipelago nation off West Africa's coast, Portuguese Prime Minister Antonio Costa said on Monday. The former Portuguese colony, which is already suffering from rising sea levels and significant biodiversity loss due to increasing ocean acidity, owes around 140 million euros ($152 million) to the Portuguese state and over 400 million to its banks and other entities. Climate change is a challenge that takes place on a global scale and no country will be (environmentally) sustainable if all countries are not sustainable," Costa said during a state visit to Cape Verde in remarks broadcast by RTP television. Cape Verde Prime Minister Ulisses Correia e Silva said his country needed to urgently enable mechanisms and financing instruments to support such solutions and deal with natural emergencies. ($1 = 0.9206 euros)Reporting by Sergio Goncalves; editing by Andrei Khalip and Grant McCoolOur Standards: The Thomson Reuters Trust Principles.

☆ Over 60 women, children freed in Burkina Faso after kidnapping
▼ + stars: | 2023-01-20 | by ( Thiam Ndiaga | ) www.reuters.com time to read: +2 min

OUAGADOUGOU, Jan 20 (Reuters) - Sixty-six women and children kidnapped by armed assailants in northern Burkina Faso last week have been freed, national broadcaster Radiodiffusion Télévision du Burkina (RTP) said on Friday. The mass kidnapping was unprecedented in Burkina Faso, which is facing a violent Islamist insurgency that spread from neighbouring Mali in 2015. Security forces staged a rescue operation and found 27 adult women and 39 babies, children and young girls in the adjacent Centre-North province. Burkina Faso is one of several countries in West Africa battling a rampant insurgency with links to al Qaeda and Islamic State. Frustration over the authorities' failure to restore security and protect civilians were contributing factors to military coups in Burkina Faso and Mali.

☆ Portugal wants EU green tech package to ensure level playing field
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +1 min

LISBON, Jan 17 (Reuters) - The European Union's response to the United States' stimulus package for green tech investments should use financing instruments that ensure equality between all members instead of favouring the bloc's most industrialised nations, Portugal's finance minister said on Tuesday. Brussels is concerned that European companies will increasingly move to the United States, which has a $369 billion scheme to subsidise green production. "But it has to be implemented through European mechanisms that ensure equality within the European space," he added. "The smaller European countries cannot lose to the larger countries in an internal competition that would not make sense to open at this moment," he said. Reporting by Sergio Goncalves; Editing by David Latona and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

☆ KeyBanc upgrades Visa and Mastercard, says credit card stocks will continue outperformance in 2023
▼ + stars: | 2023-01-09 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Visa and Mastercard will do well once again in 2023 after outperforming last year, according to KeyBanc. Both payments companies outperformed in 2022, with shares of Visa down more than 3% for the year, and Mastercard more than 2% lower. The analyst expects the growth runway will continue to unfold for both, as they see new payment flows in 2023. It could account for more than 50% of the business, up from more than 45% in 2021, the note read. and other (e.g., Bill Pay), which in our view enhances the diversity of growth beyond core B2C use cases," the note read.

☆ Portuguese climate activists must pay fine over protest, says court
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

LISBON, Dec 16 (Reuters) - A Portuguese court ordered four climate activists to pay a fine on Friday for occupying a university building to protest what they perceived as political inaction around climate change. According to the judge's decision, each activist must pay a fine of 295 euros ($312.61). If they are not able to pay it in one go they can either pay in instalments or do community service. "We think it's not fair that we are being criminalised for fighting for the environment," one of the sentenced students, Ana, told RTP broadcaster outside the court. The Faculty of Humanities was one of several universities and high schools in the city that young people angry about the climate crisis occupied last month.

Holding banners and chanting slogans, protesters demanded climate action. "COPs are not designed to face climate change because it would need more participation from civil society, less participation from lobbyists from the fossil industry," said Pedro Franco, a 27-year-old student. Joao Duarte, 23, also pointed a finger at governments for favouring the "monetary interests" of big companies instead of putting climate change at the top of the political agenda. "What we do or do not do in this decade will have a great impact on climate security." Reporting by Catarina Demony, Miguel Pereira and Pedro Nunes in Lisbon; Editing by Diane CraftOur Standards: The Thomson Reuters Trust Principles.

☆ Waivr's founders had failed at their first idea. Here's how they ended up landing $1.4 million for their company.
▼ + stars: | 2022-11-11 | by ( Emilia David | ) www.businessinsider.com time to read: +4 min

It raised a $1.4 million pre-seed round from Costanoa Ventures, NextView Ventures, CRV, and others. Their first idea was a lot like their payments startup Waivr, but without the focus on subscriptions. That beta test on the market had 300 people, whose transaction data they gathered. The founders noticed that people were overdrafting mainly on subscription payments, so they moved to focus on that. That's how Waivr, a startup seeking to facilitate real-time subscription payments with safeguards to prevent accidental overdrafts, came to be.

☆ How to transform your business's payables and receivables to keep up with customer demand
▼ + stars: | 2022-11-11 | by ( Sponsor Post | Created Citizens With Insider Studios | ) www.businessinsider.com time to read: +7 min

By Matt Richardson, head of treasury product solutions, CitizensFueled by greater connectivity and faster transactions, the digital transformation of the payables and receivables landscape continues to reshape the outlook for treasury management. We've seen many companies embrace faster and easier payments systems. This is set to launch by 2023 and will extend access to real-time payments to more financial institutions and customers nationwide. The dominant force in this area will be cloud-based, intelligent payables and receivables platforms like Citizens' integrated payables solution powered by Paymode-X. Relatedly, payment messaging will be an essential area to keep track of as new digital payment options are becoming increasingly sophisticated and data-intensive.

☆ TCH exec talks FedNow, faster payment innovations, and digital growth
▼ + stars: | 2022-10-11 | by ( ) www.businessinsider.com time to read: +3 min

And that’s accelerated this year as payment systems like The Clearing House’s Real-Time Payment (RTP) network innovate and the Federal Reserve’s FedNow launch nears . Real-time payment innovations will help set a new standard for the US transaction system and speed up the transition away from cash. Insider Intelligence (II): How does RTP network pricing differ from other systems? II: What are the major real-time payment shifts or trends that you've seen in the last few years? And lastly, merchants want to get their money faster.

☆ Digital payments: Which industries would benefit the most?
▼ + stars: | 2021-04-22 | by ( Daniel Keyes | ) www.businessinsider.com time to read: +4 min

Faster digital payments are garnering greater interest from US financial institutions, businesses, and consumers. Faster digital payments are garnering greater interest from US financial institutions, businesses, and consumers. Faster payments' speed also provides valuable transparency for firms, which benefit from the certainty of immediate payment. C2C digital paymentsMobile P2P payments are among the C2C use cases that could benefit from real-time digital payments. Insider IntelligenceThe quicker settlement speeds and additional transparency of faster payments are attractive to firms and consumers involved in B2C payments, which include bill payments, payroll, and retail.

☆ Португалия закрыла школы из-за пандемии коронавируса
▼ + stars: | 2021-01-22 | by ( Mld Media Srl | ) noi.md time to read: 1 min

Португалия приняла решение на 15 дней закрыть школы из-за пандемии коронавируса, сообщил RTP. «Предусмотрительность требует от нас прервать всю работу школ на ближайшие 15 дней», — приводятся слова премьер-министра Антониу Кошта, передает gazeta.ruТакже не будут работать университеты. Позже эти 15 дней будут вычтены из каникул. В Португалии коронавирусом заразились 581 605, выздоровели 428 364, скончались 9 465 человек.

Persons: Антониу Кошта Locations: Португалия

☆ Noi recorduri de infectări şi decese în Portugalia. Tulpina britanică se răspândește rapid
▼ + stars: | 2021-01-21 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +3 min

Portugalia a înregistrat miercuri un nou record zilnic atât în privinţa numărului de decese cât şi a celor de contaminări cu COVID-19, acesta din urmă crescând cu aproape 50%, în timp ce tulpina britanică a virusului continuă să se răspândească, informează AFP, citată de Agerpres. Numărul de cazuri noi a crescut miercuri la 14,647 faţă de 10,455 cu o zi înainte, conform informaţiilor furnizate de autorităţile sanitare portugheze. După ce a trecut marţi pentru prima oară de la începutul pandemiei pragul de 200 de decese zilnice, Portugalia a stabilit, de asemenea, un nou record miercuri, cu un bilanţ de 219 morţi. Tulpina britanică reprezintă în prezent „aproape 13%” din infecţii sau „aproximativ 18.000 de cazuri”, a declarat secretarul de stat pentru sănătate Antonio Lacerda Sales. Dar, având în vedere rata de răspândire a virusului, tot mai mulţi epidemiologi solicită o înăsprire urgentă a măsurilor, începând cu închiderea şcolilor.

Persons: Antonio Lacerda Sales, OMS, Antonio Costa, Marcelo Rebelo de Sousa Organizations: Agerpres Locations: Portugalia, Gibraltar, Lima, şcoli

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