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Archivo del Autor: Belen De Leon

A new stimulus bill before the election? Here's the last day it would have to pass – CNET

Congress could vote to approve a second stimulus check before Nov. 3, but time is tight. Here’s what we know about the timeline.
Source: CNET

Xbox expansion: Microsoft buys Fallout maker Bethesda's parent company for $7.5B – CNET

The move marks a significant purchase in the gaming world and strengthens Microsoft’s Xbox lineup ahead of a new launch in November.
Source: CNET

Illumina buying cancer-screening spinout Grail in blockbuster $8B biotech deal

Biotech has become one of the hottest areas of venture investment in recent years, as progress in machine learning, genetics, medical devices, and biology fuse together into new products for the gargantuan health industry.

Case in point: Grail, which began in 2016 as a spinoff from genetic sequencing giant Illumina and co-founded by longtime Google executive Jeff Huber (who was involved in the creation of the company’s experimental laboratory Google[x]), is now being spun back in to the tune of an $8 billion acquisition announced this morning.

Illumina originally invested $100 million in the spinout, and Grail would go on to raise more than a billion dollars in funding from prominent biotech firm ARCH, one of China’s top VCs Hillhouse Capital, among many others according to Crunchbase.

Grail’s technology was designed to use modern genetic sequencing tools coupled with data science to detect cancer earlier than other competing products on the market.

As we discussed on TechCrunch back in 2017 when the company raised $900 million, “while liquid biopsies to detect cancer aren’t anything new and GRAIL will have to compete with several other contenders both large and small, the technology to take a blood sample and detect the early, free-floating cancer DNA floating in your bloodstream is revolutionary in the industry and only made possible through new DNA sequencing machinery.”

Cancer screening is a $100 billion market and growing rapidly, particularly internationally as countries like China and India develop economically and more patients require active screening. Detecting cancer early is pivotal for reducing mortality risk, and so Grail’s promise was to offer the “holy grail” (couldn’t help myself) for saving these lives. According to the U.S. government, roughly 600,000 people will die this year from cancer, and it is a leading cause of death.

As part of the deal, Grail will receive $3.5 billion in cash, with another $4.5 billion earmarked for Illumina stock. The company set a deadline of December 20th for consummating the acquisition, at which point Illumina will begin offering Grail $35 million per month in cash payments until the deal closes. The two companies have signed a $315 million merger termination agreement as part of the deal.

The acquisition is subject to customary regulatory review.


Source: TechCrunch

A New Tool Detects Counterfeit Whiskey—Without Wasting a Drop

Bogus booze has been infiltrating the market, so physicists found a way to test for authenticity while keeping the precious bottles sealed.
Source: Wired

Portland’s Face-Recognition Ban Is a New Twist on ‘Smart Cities’

The first big US city to prohibit private businesses from using the technology reflects rising skepticism of new tools and concerns about fairness.
Source: Wired

1More ColorBuds Review: The Comfiest Earbuds Around

The successor to WIRED’s favorite earbuds, these comfortable, affordable wireless headphones are our new top pick.
Source: Wired

The first Apple Silicon MacBooks: Specs, release date, price, and more

The first Apple Silicon MacBook is due out by the end of 2020. What should you expect? We have rounded up everything you need to know about Apple’s new laptops.
Source: Digital trends

The Fight Over the Fight Over California’s Privacy Future

Prop. 24 is designed to make the California Consumer Privacy Act stronger. Why do so many privacy advocates oppose it?
Source: Wired

The 6 Best Kids Face Masks: Masks They May Actually Wear

Whether your kids are going to school or playing outside, you’ll need comfortable face coverings. These are the ones my little monsters will tolerate.
Source: Wired

Here’s how much you save by signing up for Apple One

Apple One is arriving to bundle multiple Apple services like Apple Music, Arcade, and TV+ as one. Yes, you can save money doing that — here’s exactly how much!
Source: Digital trends

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