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76ers star shutdown: Joel Embiid sidelined for rest of NBA season

Joel Embiid’s stellar 2022-23 season, which culminated with the Philadelphia 76ers center receiving NBA MVP honors, seems like a distant memory. The 7-footer’s pro basketball career has been hampered by injuries, with knee issues contributing to his latest setback. On Friday, the Sixers announced the seven-time NBA All-Star would be forced to watch games from … Read more

The USAID Shutdown Puts Millions of African Lives at Risk

Last year alone, the US contributed $3.7 billion in humanitarian aid to sub-Saharan Africa. At least 73 percent of this was allocated to health programs, including HIV treatment and prevention. For those living with HIV, much of the benefit of this funding has come via the President’s Emergency Plan for AIDS Relief—or PEPFAR, which purchases … Read more

Venture debt lenders will play a big role in fire sales and startup shutdown this year, experts say

When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced financial challenges, leading venture lending firm Hercules Capital to assume control of the company to recover its investments. Divvy Homes, which sold for about $1 … Read more

Supreme Court rules to uphold TikTok ban, setting stage for shutdown

The Supreme Court has upheld the law requiring China-based ByteDance to divest its ownership of TikTok by Sunday or face an effective ban of the popular social video app in the U.S. ByteDance has so far refused to sell TikTok, meaning many U.S. users could lose access to the app this weekend. The app may … Read more

Xiaohongshu, China’s answer to Instagram, hits No. 1 on the App Store as TikTok faces US shutdown

On the heels of TikTok’s looming shut down on January 19 over its ownership in the U.S. (unless the Supreme Court intervenes), it looks like another Chinese app is catching some attention. American users are flocking to Chinese short-form video app Xiaohongshu (known as RedNote in English). The app today surged to the No. 1 … Read more

Mango Markets announces shutdown after $117M hack

Mango Markets, the Solana-based DeFi platform that fell victim to a $117 million exploit in 2022, has announced its complete shutdown. The platform’s governance proposal has received unanimous approval, with 23,347,212 votes supporting the closure. The platform has set January 13, 2025, at 8 PM UTC as the deadline for users to close their positions … Read more

Rockin’ around the congressional Christmas tree: Lawmakers pass bill to prevent a government shutdown

“Rockin’ around the Christmas treeAt the Christmas party hop” – Brenda Lee It’s a yuletide tradition on Capitol Hill.  An annual custom of rockin’ around a congressional Christmas tree, festooned with hundreds of legislative ornaments, Advent appropriations and mistletoe modifications. A political Polar Express chugs through the halls of Congress nearly every December. It’s always … Read more

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