SoftBank leads $265 million investments in two US-based start-ups

first_imgSoftBank on Monday led a new funding round of US$165 million in California-based Karius and invested $100 million in New York-headquartered AI company Behavox, as the technology giant builds a portfolio under its second Vision Fund.The two deals come at a time of intense investor scrutiny into SoftBank’s investments.The Japanese company earlier this month reported a second straight quarter of losses at its first Vision Fund, pushing Chief Executive Officer Masayoshi Son to scale back his second fund. Karius, which markets a test that can quickly detect hard-to-diagnose infections through a simple taking of blood, said the funding would expand its commercial outreach and clinical research.Although relatively small by the standards of Softbank, the funding marks the latest in a list of healthcare investments that include drugmaker Roivant Sciences and Vir Biotechnology Inc, an infectious-disease focused drug developer.Karius’ test, which is already being used in more than 100 US hospitals, turns liquid biopsy technology previously used chiefly to measure the progress of cancers to the detection of over 1,000 pathogens, including bacteria and fungi.The funding round values the company at over $700 million, according to a filing made by the company to the state of Delaware, a copy of which was seen by Reuters. Karius said it was not disclosing valuation details at this time. Dr. Bill Muller at Lurie Children’s Hospital in Chicago said his hospital typically uses the test on patients who are at the most risk of infections that are difficult to diagnose using conventional methods. He estimates that his hospital typically averages five-10 orders of the test per month.The company said the list price for the test was $2,000 for hospitals.“Softbank’s healthcare team is very experienced and we actually learnt a lot through the diligence process through their questions,” Karius CEO Mickey Kertesz told Reuters.“I anticipate they (Softbank’s healthcare team) will add a lot of value beyond the financial resources we have secured.”Separately, Behavox said SoftBank first became a user of its platform before making the investment.Behavox’s platform uses AI (artificial intelligence) to analyze internal company data such as employee emails and behavior to flag compliance issues. Its clients include banks and private-equity firms.Behavox said CEO Erkin Adylov and other key employees would remain the biggest shareholders in the company.center_img Topics :last_img read more

Gazprom supplies LNG to Russian Railways

first_imgImage courtesy of GazpromA unit of Russian gas giant Gazprom began supplying liquefied natural gas (LNG) to locomotives owned by Russian Railways.For the purpose, Gazprom Gazomotornoye Toplivo built a filling station for LNG trucks at the Egorshino railroad station in the Sverdlovsk Region.The company won an open tender to supply LNG for Russian Railways. The fuel will be regularly delivered from the LNG production facilities of the Gazprom Group.The company said that in total 600 tons of liquefied natural gas are planned to be delivered under the contract.Currently, three natural gas units are in operation at the Egorshino-Serov-Sortirovochnoe section of the Sverdlovsk Railway.Mikhail Likhachev, Gazprom Gazomotornoye Toplivo’s general director said that the natural gas fueling infrastructure for the Sverdlovsk Railway system is being developed under a cooperation agreement with Russian Railways with an aim to increase the use of LNG as fuel for rail transport.He added that LNG fueling stations should be set up on the non-electrified sections of the railway.last_img read more

Mid-season championship wins at CJ go to Bell, Benischek

first_imgCOLUMBUS JUNCTION, Iowa (June 24) – Adam Bell and Jake Benischek were feature winners on Friday, mid-season championship night at CJ Speedway.Travis Finke and Jordan Gerling led the Kauffman Electric IMCA Stock Car field to green but it was fifth starting Rod Staats in the lead when lap one was scored.Staats then had to work at holding off Bell over the next five laps. Bell slipped under Staats on lap six to take over the top spot, leaving Staats to battle Sky Griffith, who started ninth, Tad Payne, who started 13th, and Kirk Kinsley, who started eighth.As the battle for second heated up, Bell pulled away over the final nine laps to pick up his third win of the season at the track. Kinsley made a last-lap pass to finish second, Staats was third, Payne was fourth and Griffith came home fifth.Bryerson Tharp and John Whalen led the field to green in the 12-lap Louisa Communications IMCA Sport Compact feature. Whalen took the early lead over Wayne Noble, who started sixth, and Brendon Schultheis, who started eighth.Whalen held the top spot until a restart on lap four, when Benischek, who started seventh, slipped un­der him for the lead. Benischek led the final eight laps to capture his third win in a row at the track. Richard Hurlbut crossed the line in second but was disqualified in tech for illegal rear springs. This moved Josh Mosier to second.Rounding out the top five were Levi Heath, Bill Whalen Jr. and Schultheis.Friday’s program was presented by Casey’s General Stores.last_img read more

GlobalPort sees Romeo trade as a ‘win-win solution’

first_imgPhoto by Tristan Tamayo/INQUIRER.netLetting go of Terrence Romeo was a hard decision but GlobalPort felt parting ways with its top star was the right thing to do moving forward.“It’s sad and frustrating to let go one of hottest players in the land, but we will not stand in the way of one’s desire and happiness. So with a heavy heart, we are trading our top star Terrence Romeo to TNT Katropa,” GlobalPort management said in a statement.ADVERTISEMENT He struggled in the two games, averaging only 17.0 points, and the Batang Pier were sent into an exit in the 2018 PBA Philippine Cup quarterfinals.Not helping was his clash with coach Pido Jarencio in the third quarter of GlobalPort’s 79-86 defeat where the two had a shouting match during a timeout.Still, GlobalPort remained grateful for the time they had with Romeo.“This is a win-win solution for us and the camp of Terrence. We have so much respect for the guy,” the statement continued.“We as a team must move on towards our main goal, which is to get better and contend for our first-ever championship. Besides, Tautuaa could be the missing link to our championship aspirations,” it ended.ADVERTISEMENT Carpio hits red carpet treatment for China Coast Guard PLAY LIST 02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Sports Related Videospowered by AdSparcRead Next Conor McGregor seeks to emerge from controversy in UFC comeback LATEST STORIES Embattled Romeo ‘deserves a second chance’ Jiro Manio arrested for stabbing man in Marikina Judy Ann’s 1st project for 2020 is giving her a ‘stomachache’ In Liverpool, Man United sees the pain and path to recovery The Batang Pier shipped Romeo and Yousef Taha to TNT in exchange of Mo Tautuaa and a pair of future draft picks on Tuesday, ending their five-year partnership with the super scorer.With Romeo, GlobalPort reached its first ever semifinals back in the 2016 Philippine Cup.FEATURED STORIESSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownThe former FEU stalwart has also etched his name as one of the league’s brightest stars, winning the scoring title thrice and earning a spot in Gilas Pilipinas.However, things didn’t go as planned this past conference, where Romeo played only two games due to a knee injury. MOST READ Nadine Lustre’s phone stolen in Brazil Recto seeks to establish Taal rehab body to aid community, eruption victims Don’t miss out on the latest news and information. Cabuyao City rising above the ashes through volunteerism Scarlett Johansson, Sterling K. Brown among SAG Awards presenters View commentslast_img read more

Jordan Clarkson fuels Gilas Pilipinas’ #LetJordanPlay World Cup clamor

first_imgOil plant explodes in Pampanga town Jordan quest “It’s perfect timing because the NBA is on break. Definitely Jordan will help us a lot,” Panlilio told AFP.Blatche, who led the Gilas victory over Kazakhstan in Astana on Sunday to secure World Cup qualification, hailed the possibility of teaming up with Clarkson at the August 31-September 15 tournament to be hosted by China.“If we can get him, that would be huge. If we were to have me and him together with the team we have now, we can definitely go and make some noise, make some wins,” Blatche told Sports5 television on Wednesday.Sports fans and analysts have said a Clarkson-Blatche combination in the World Cup would be a “dream team” for Gilas, ranked 31st in the world.They said they wanted to see Clarkson play ahead of the Philippines co-hosting the 2023 World Cup.“He should be the face of that tournament. As early as now, FIBA should ease him into that role,” said Twitter user @RakiRockefeller.Sports Related Videospowered by AdSparcRead Next PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss (FILES) This file photo taken on August 31, 2018 shows the Philippines’ Jordan Clarkson (C) shooting against Syria in the men’s basketball 5th and 6th place final match between Syria and the Philippines during the 2018 Asian Games in Jakarta. (Photo by Lillian SUWANRUMPHA / AFP)NBA star Jordan Clarkson is stoking Filipino fans’ clamor to allow him to play in this year’s World Cup as their team seeks to hurdle FIBA’s eligibility rules.Samahang Basketbol ng Pilipinas is appealing to basketball’s world-governing body to recognize Clarkson as a Filipino citizen, allowing him to play for Gilas Pilipinas who won a World Cup berth last weekend.ADVERTISEMENT PDEA chief backs Robredo in revealing ‘discoveries’ on drug war Grace Poe files bill to protect govt teachers from malicious accusations US judge bars Trump’s health insurance rule for immigrants SEA Games hosting troubles anger Duterte Urgent reply from Philippine ‍football chiefcenter_img Unlike the Asian Games, the World Cup operates under FIBA rules which could classify Clarkson as a “naturalized” player. FIBA restricts each team to one naturalized player.This means the Philippines would have to choose between Clarkson and ex-Brooklyn Nets center Andray Blatche, who acquired Filipino nationality by naturalization.READ: Gilas Pilipinas to ‘do everything’ to have Jordan Clarkson for Fiba World CupPhilippine basketball boss Al Panlilio told AFP the federation wanted FIBA to recognize that Clarkson was a Filipino by blood under local laws, adding he obtained his Filipino passport after the age 16.The Cavaliers, who currently have the third-worst record in the 2018-2019 season, are expected to miss this year’s playoffs.ADVERTISEMENT MOST READ The Filipino-American Cleveland Cavaliers guard on Tuesday congratulated Gilas and expressed hope of joining the team again after carrying the flag for the Philippines at last year’s Asian Games.READ: Jordan Clarkson hopes to join Gilas brothers in China for Fiba World CupFEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSUrgent reply from Philippine ‍football chiefSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption charges“Such a honor for the country, qualifying for the world cup, so hyped!!! hope to see you guys in china!!!,” the 26-year-old said in an Instagram post sharing a photo of himself wearing the Philippines team jersey.Basketball is a virtual religion in the Southeast Asian nation and enthusiastic fans were quick to comment on the post with their approval using the hashtag “#LetJordanPlay”. LATEST STORIES Don’t miss out on the latest news and information. Private companies step in to help SEA Games hosting ‘We are too hospitable,’ says Sotto amid SEA Games woes View commentslast_img read more

Garth Brooks Helps Jimmy Carter Build Homes With Habitat For Humanity

first_imgCountry music stars Garth Brooks and Trisha Yearwood joined President and Mrs. Carter and nearly 3,000 volunteers this week to help build, renovate and repair 86 homes in Oakland and San Jose, Calif.; Denver; New York City; and Union Beach, N.J. as part of Habitat For Humanity’s 30th annual Jimmy and Rosalynn Carter Work Project.Garth Brooks and Trisha Yearwood joined President and Mrs. Carter and nearly 3,000 volunteers this week for Habitat for Humanity’s 30th annual Jimmy and Rosalynn Carter Work Project. Brooks and Yearwood worked alongside volunteers with Habitat for Humanity of Metro Denver today to help build 11 new townhomes and repair 15 existing homes in Denver’s Globeville neighborhood. The country music stars built with the Carters in Oakland and San Jose earlier this week and will travel to New York City next, where they will work in partnership with Habitat for Humanity New York City and low-income families to help repair 15 homes on Staten Island and in Queens.Habitat for Humanity International’s vision is a world where everyone has a decent place to live. Anchored by the conviction that safe and affordable housing provides a critical foundation for breaking the cycle of poverty, Habitat has helped more than 3 million people construct, rehabilitate or preserve homes since 1976. Habitat also advocates for fair and just housing policies and provides training and access to resources to help more families improve their shelter conditions. As a nonprofit Christian housing organization, Habitat works in more than 70 countries and welcomes people of all races, religions and nationalities to partner in its mission.Source:PR Newswirelast_img read more

CBDT orders I-T probe of 3 lakh de-registered firms for money laundering, DeMo misuse

first_imgNew Delhi: The CBDT has issued directions to Income Tax (I-T) offices across the country to probe financial transactions of about 3 lakh firms, de-registered by the government for their dubious financial credentials, for tax evasion and money laundering, especially during demonetisation. The board has asked the tax offices to undertake this special task and bring under their ambit the time period (over the last two years) when these companies were struck off from the records of the Ministry of Corporate Affairs (MCA). Also Read – India gets first tranche of Swiss bank a/c details”To check possible misuse of such companies for money laundering activities, the board desires that the field authorities may verify deposits / withdrawals from the bank accounts of such companies during the process of striking down and just before that especially during the period of demonetisation,” the CBDT said in a communication. The Central Board of Direct Taxes (CBDT) is the policy making body for the I-T Department. A senior official said the board has inputs that a number of these companies possibly indulged in tax crimes and once this is established, the department will initiate action against them for indulging in money laundering and tax evasion. He said cases of money laundering will also be referred to the Enforcement Directorate as it investigates cases under this category of tax crime. Also Read – Tourists to be allowed in J&K from ThursdayThe CBDT asked the taxman to collect the information about these firms from the public section of the MCA website and subsequently scan their I-T returns and check their financial transactions history from the banks where they had accounts. “In cases of detection of unusual transactions and beneficiaries thereof, appropriate action may be taken as per provisions of the I-T Act after seeking restoration of the struck off company by filing an appeal before the National Company Law Tribunal (NCLT),” the CBDT said. The board asked the tax department offices across the country to complete this task in a “time-bound” manner and make it a practise to keep a track of such companies who indulge in money laundering.last_img read more

Jet crisis: Govt says it will not meddle in commercial issues

first_imgNew Delhi/ Mumbai: Civil Aviation Minister Suresh Prabhu Wednesday ruled out any interference in efforts to help cash-strapped Jet Airways, saying that the government should not be seen to be doing any kind of deals to help an airline. Against the backdrop of lenders set to take control of Jet Airways under a debt resolution plan, he said banks are direct stakeholders and are dealing with commercial matters of the airline where the ministry would not like to intervene.Prabhu said, “The ministry should not be dealing in any commercial transactions of any kind. Same thing I did for railways or for anywhere else. The issue is between banks and the management”. He was responding to a query about the case of the now defunct Kingfisher Airlines where banks apparently did not intervene. Days after Jet Airways’ board approved a debt resolution plan, wherein the lenders led by SBI would take control of the airline, embattled liquor baron Vijay Mallya had lashed out at public sector banks for “double standards” under the current NDA regime for their intervention to bailout Jet Airways while the same lenders made his Kingfisher airlines “fail ruthlessly”. Mallya was the founder of Kingfisher Airlines. In response to queries related to Jet Airways crisis, Prabhu said the ministry should not be seen to be doing any deals of any kind that would help in any way. “It is always possible. You can help a company by bringing the other down,” he said. “We should not be seeing to be doing anything which would be construed or seen or actually resulting in either favouritism or doing something wrong against somebody. We did not do that,” the minister said. However, Prabhu said the ministry would be looking at the safety aspects. When asked if the government played any role in state-run banks taking over Jet Airways, the minister said, “What role have we got? That is exactly the point. That is what Jet Airways was trying to come with us. We said we will not play any role into this”. To another query on whether the ministry would have been perfectly fine and remained a neutral observer had the Jet Airways gone under, Prabhu replied, “That is banks’ call. There is a law which says that any company which could not service the liability – how to deal with that”. “Our role is very clear. And that is what I have personally done actually. It is not to interfere into any commercial matter of any airline,” he emphasised. About recent meetings between the ministry officials and Jet Airways’ executives, Prabhu said the meetings are taking place because “we are dealing with safety”. “There is a direct issue of safety of Jet Airways, or for that matter, any other airline,” he said. “Safety is ensured because we are telling banks that if you are taking over as management, then ensure that the safety is assured, and give enough funds for the safety,” he added. Prabhu said his job as an aviation minister is to come with the policy, ensuring that policy allows the growth and it allows to deal with the situation of this kind. “My policy should be robust enough to take care of situations like this… Earlier, many times, the government would be tempted to be interventionist… We are very clear that managing the airline is the responsibility of the respective board and the airline company,” he said. Meanwhile, Jet Airways on Wednesday deferred the March salary payment to its employees, citing “complexities” involved in the finalisation of the debt-recast plan, under which the SBI-led consortium of lenders has taken over the management control of the airline. Earlier, the airline had been delaying the salaries of its pilots, engineers and senior staff since August who have not been paid since January.last_img read more

Womens basketball coach Patrick Kleins career continuing to soar since unconventional beginning

Patrick Klein calls out a play from the sideline during an OSU basketball game. Credit: Courtesy of OSU AthleticsPatrick Klein didn’t quite get the introduction to basketball that he expected. He wished to become a walk-on player as an Ohio State student, but things changed quickly.“I left my dorm and my friends were wishing me luck,” Klein said. “I came back and said ‘Hey, I made it, but the women’s practice team.’”Even though the position was not what he had originally envisioned, Klein rolled with the punches and quickly began working his way up the ranks of women’s college basketball, recently leading to a promotion to associate head coach of the OSU women’s basketball team.By the time he graduated from OSU in 2005 with a bachelor’s degree in business management, Klein — a native of Belpre, Ohio — served as a student manager for the women’s basketball team from 2004-2005.Upon earning his undergraduate degree, Klein stayed at OSU as a graduate assistant under former head coach Jim Foster from 2005-2007.Klein then moved on to the University of Illinois, where he was an assistant coach from 2008 to 2010. For the 2011-2012 season, he returned to OSU, where he spent the next five seasons as an assistant coach.“For them to make that job title for me, it was an honor,” Klein said.Although he is appreciative of the promotion, Klein has never been caught up with labels.“When you work with great people, it’s not about the titles,” Klein said. “It’s just about every day working together for that common goal.”Despite the new title, Klein’s duties for the team remain the same. He will continue to be a key contributor in the recruiting process, provide detailed analysis on OSU and its opponents and will continue to push his agenda of proving OSU has a top women’s college basketball program“One of the big things for us here is being the best, the absolute best at developing young people,” Klein said. “In order to be the best, you have to really have the opportunity to focus on the details every single day.”Coach Kevin McGuff has had Klein as an assistant coach in his first three years at OSU.“He’s done a great job since he’s been here,” McGuff said. “He’s really helped us develop the program.”Off the court, Klein has helped bring in several highly rated recruiting classes for the Buckeyes.“Really, he’s been impactful on all of the recruits that we have gotten here,” McGuff said. “He’s very much a people person and he’s got great organization skills.”Klein also helped aid the club’s scoring spike in the 2015-2016 season, when OSU scored 86 points per game to set a new school record.“I think it’s just trying to execute coach McGuff’s vision, it’s trying to play really fast and aggressive,” Klein said. “We have great players out there that play hard and create an environment where both defense and offense creates points.”Looking ahead to the upcoming campaign, Klein said he is excited to see this year’s group take the floor.“Not only from a talent standpoint, but just the chemistry and how our team has grown together. I think that makes us really special,” Klein said. “When we’re playing the schedule that we’re playing — South Carolina, Miami, UConn — these are teams that you have to be totally focused and you have to continue to be prepared. Everybody’s role is going to be important this year.”As for his coaching future, Klein isn’t in any rush to move on from his current role with the Buckeyes.“Any time that you can coach at your alma mater, it’s a really special thing.” Klein said. “I have one of the best jobs in women’s college basketball.” read more

Softball Ohio State sweeps Indiana with 20 win Sunday

Ohio State then-freshman pitcher Morgan Ray (6) throws a pitch during a game against Maryland on March 26. Credit: Gabriella DiGiovanni | Lantern photographerThe Ohio State softball team (18-9, 3-0 Big Ten) blanked Indiana (25-9, 0-3 Big Ten) in the final game 2-0, sweeping the three-game series against the Hoosiers. Senior pitcher Morgan Ray recorded a complete game, striking out five while allowing two hits in seven innings pitched. Ray complimented the play of sophomore catcher Claire Nicholson in her seventh complete game of the season. “Claire did awesome behind the plate today,” Ray said. “I can’t do it without her.”Ohio State head coach Kelly Kovach Schoenly  said Ray is a true competitor and a great model for the rest of the team, getting better every day. The game tied at zero until the fourth inning when senior second baseman Emily Clark doubled down the left field line, scoring senior shortstop Lilli Piper and giving the Buckeyes the lead. Freshman right fielder Kaitlyn Coffman singled up the middle, brought Clark in and extended the lead to 2-0 for Ohio State.After losing three games against Indiana this past year, Schonely said this was a big series for Ohio State. “This is like one of the most rewarding series,” Schoenly said. “It’s great to see the kids put all together. They deserve all the credit. They did all the work. I am super proud of them.”Ohio State will next take on Kentucky on the road Wednesday at 5 p.m. read more