A Southern California wildfire forced thousands in Los Angeles and Ventura counties to evacuate and a local emergency proclamation was issued after it ignited and exploded in size during a searing heat wave on Thursday.
The big picture: The Canyon Fire near Lake Piru, a reservoir some 60 miles northwest of downtown LA, was first reported just before 1:30pm local time to be around 30 acres, per Cal Fire. It had grown to more than 1,000 acres in a few hours and was still burning out of control into the evening.
AI soon may revolutionize venture capital, but not in the way that many investors think.
That was the top takeaway from an Axios conversation yesterday with Jon McNeill, the former Tesla president and Lyft COO who now runs a company creation platform called DVx.
The big picture: McNeill says that the investment math is changing for application startups, arguing that DVx now can get them to Series A with 80% less seed funding than it previously could.
Firefly Aerospace, a Texas-based commercial space company known for its lunar landers, raised $868 million in an upsized IPO.
Why it matters: The IPO window is open wide enough to fly a spaceship through it, with almost every significant offering pricing stronger than expected.
American adults and kids over age 1 got more than half of their daily calories from ultra-processed foods like hamburgers, pizza and sweetened drinks between 2021 and 2023, according to new data from the Centers for Disease Control and Prevention.
Why it matters: Health Secretary Robert F. Kennedy Jr. has made cleaning up the U.S. diet a priority, though critics say he's mostly extracted pledges from companies to swap out single ingredients, which won't make much difference in health.
