Archive for February 2022
University of California loses breakthrough CRISPR patent in PTO ruling
The decision — centering on the gene-editing technology CRISPR and its initial cutting protein, called Cas9 — shifts the invention of the system to two other institutions.
Bay Area startups are urgently relocating their Ukrainian workforces amid Russia’s invasion
Bay Area startups that collectively employ hundreds of people in Ukraine said they are trying to help them get out of the country.
Lucid slashed its production targets by up to 40%, sending its shares tumbling
The electric vehicle maker also missed analysts' sales and bottom-line estimates.
The Funded: Spark Capital raised $2.1B for two new funds targeting early and growth stage startups
The venture firm's new funds combined have about $750 million more capital than the ones it raised in 2020.
Underground units scrapped in Mission District group housing proposals
San Francisco planning officials were opposed to the concept, but the developer attributed the change to another factor.
Kings put bulk of former Sleep Train Arena property on market
Much of the former Sleep Train Arena property in Natomas is going to be available for bidders, weeks after the Sacramento City Council approved a new set of entitlements for it.
An aerospace company wants to expand at Alameda Point. Not so fast, says existing tenant.
The city says it's having trouble finding a new location for the smaller tenant.
Target bumps starting pay again, to as high as $24/hour
The move is the retailer's latest bid to attract and retain workers in an increasingly tight labor market.
Monday Digest: Union Square to lose another major retailer; Chevron bets big on renewables
Meanwhile, Amazon Data Serves has leased a big data center building in Hayward that is currently under construction.
Analysis: $9B-plus in value among distressed commercial properties has been wiped out since Covid-19 onset
Reappraisals of more than 700 commercial properties across the United States since the start of the Covid-19 pandemic have resulted in billions in property value loss.