May 12, 2017

Clover Health adds Alphabet in new $130 million round

Clover Health

Clover Health, a Medicare Advantage insurance company, has raised $130 million from Greenoaks Capital, GV (Alphabet's venture-capital arm formerly known as Google Ventures), and several other exiting investors. The news was reported first by Bloomberg. Clover, which now has a valuation around $1.2 billion, confirmed the funding round to Axios Friday.

Why this matters: Clover gets a new big-name backer and more cash to expand its tech-based health plans. The company just ended the recent Medicare Advantage annual enrollment period with about 25,500 members, but Clover is still losing a lot of money.

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Minnesota files civil rights charge against police over George Floyd's killing

Police spray protesters with pepper spray during a demonstration outside the Third Police Precinct on Wednesday in Minneapolis, Minnesota. Photo: Kerem Yucel/AFP via Getty Images

The Minnesota Department of Human Rights (MDHR) announced an investigation on Tuesday into the conduct of the Minneapolis Police Department over the past decade, alongside a civil rights charge into the killing of George Floyd.

The big picture: Complaints of excessive force brought against the city's law enforcement officers "have become commonplace, especially by African-American residents," the New York Times reports.

GOP split over Trump's St. John's photo op

Sen. Tim Scott. Photo: Andrew Harnik - Pool/Getty Images

Republican lawmakers are weighing in on President Trump's decision to tear gas and physically clear peaceful protestors from outside the White House on Monday in order to stand in front of the historic St. John's Episcopal Church for a photo op.

The state of play: While some Republicans are backing the president's actions and condemning protestors, others are lamenting the decision and calling for improvement.

Cuomo: The NYPD and NYC mayor did not do their job Monday night

New York Gov. Andrew Cuomo criticized Mayor Bill de Blasio and the New York Police Department Tuesday, calling their lack of protection for people and personal property "a disgrace."

The big picture: New York City is on its seventh day of protests for George Floyd's death and overall law enforcement killings, with massive crowds day and night. The city was one of the worst affected in the U.S. for looting, including Macy's flagship store and Fifth Avenue in Manhattan.