Workers are heading back to the office after over a year of the COVID-19 pandemic-induced rise of work from home, BLS data shows.
Why it matters: Remote work started as a temporary plan when the pandemic hit in March 2020, though new data shows that workers are heading back to the office
Helion, an Everett, Wash.-based nuclear fusion startup, raised $500 million in Series E funding at a $3 billion post-money valuation led by former Y Combinator president Sam Altman.
Why it matters: Nuclear fusion is the holy grail of clean power tech, as it could eliminate both supply constraints and carbon emissions.
Venture capital firm Flagship Pioneering is best known for creating Moderna Therapeutics on whiteboards in its Cambridge, Massachusetts, office. Now it's seeking to leverage its own portfolio to treat cystic fibrosis, a genetic disorder that causes persistent lung infections and limited breathing ability.
Driving the news: Flagship secured up to $110 million in commitments from the Cystic Fibrosis Foundation, via a unique partnership that will seek to develop multiple drug candidates and bring them through human proof of concept.
In the venture capital world, nontraditional, index-like investors such as Tiger Global Management and Insight Partners have made headlines for their aggressive investing into startups — and new data shows just how much faster they’ve been deploying capital.
The big picture: These investors' playbook involves funding as many startups as possible and hoping for the best, as opposed to the traditional method of a more concentrated portfolio and deep diligence.
The cost of pizza and pastries is on the rise. Wheat prices have climbed to an eight-year high as inclement weather has damaged a wide swath of the world’s crop.
The big picture: Global protectionism plays into this as well.
Federal Reserve chair Jerome Powell delivered precisely the tapering news that the financial world expected at his Wednesday press conference — but when it comes to interest rates, central banks around the globe are serving up some surprises.
Catch up quick: Central bankers for some of the world's biggest economies presented more dovish messaging than markets had expected, appearing to tilt in favor of lower-for-longer rate policies.
COVID-19 has affected each health insurance company differently, but the industry remains mostly insulated from the virus' growing toll.
The big picture: Most of the big insurers have sidestepped massive coronavirus-related costs so far this year, due in large part to people putting off other care. And the companies that have had to pay more medical claims are raising premiums on employers and consumers, exactly as they said they would.
The Federal Aviation Administration announced Thursday that it has referred 37 of the "most egregious" unruly passenger cases to the FBI for potential criminal prosecution.
