States that reopened sooner, such as Texas, Arizona and Florida, experienced summer surges, report says — ScienceDaily

For every two deaths attributed to COVID-19 in the U.S., a third American dies as a result of the pandemic, according to new data publishing Oct. 12 in the Journal of the American Medical Association.

The study, led by researchers at Virginia Commonwealth University, shows that deaths between March 1 and Aug. 1 increased 20% compared to previous years — maybe not surprising in a pandemic. But deaths attributed to COVID-19 only accounted for 67% of those deaths.

“Contrary to skeptics who claim that COVID-19 deaths are fake or that the numbers are much smaller than we hear on the news, our research and many other studies on the same subject show quite the opposite,” said lead author Steven Woolf, M.D., director emeritus of VCU’s Center on Society and Health.

The study also contains suggestive evidence that state policies on reopening early in April and May may have fueled the

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Qgiv Named Fundraising Technology Leader with the Best Results for the Second Consecutive Year by G2 Fall Report

Lakeland, FLA., Oct. 12, 2020 (GLOBE NEWSWIRE) — Qgiv, a leading provider of nonprofit fundraising technology, has again received multiple awards in G2’s fundraising software category, including the Best Results overall award for the second consecutive year, Best Results Small Business, Small Business Leader, Momentum Leader, High Performer Mid-Market, and the Users Love Us award. G2, a top peer-to-peer business review site, ranks Qgiv in each of these areas quarterly based on reviews from verified Qgiv users.

“We continuously strive to deliver high-quality software that empowers our nonprofit clients and helps them raise more online,” said Todd Baylis, CEO and co-founder of Qgiv, Inc. “We’re incredibly honored by this distinction and appreciate our clients for once again recognizing Qgiv as a fundraising leader within the nonprofit technology sector.”

G2 has created a variety of software product rankings based on data from over 1 million reviews from verified users. The Best

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TikTok rival Triller exploring IPO through SPAC merger: Report

  • Video app Triller is exploring the possibility of an IPO, sources told Reuters.
  • The company is reportedly in talks to set up a public listing via a merger with a special purpose acquisition company (SPAC).
  • It is simultaneously pursuing a private funding round, and sources told Reuters it had raised $100 million at a valuation of $1.25 billion so far.
  • The sources said no deal is yet firm, and that Triller is still deciding which path to take.
  • Visit Business Insider’s homepage for more stories.

Short-form video app Triller, which bills itself as a rival to the wildly successful TikTok, is reportedly exploring an IPO.

Reuters reported Sunday that Triller was in talks with investment bank Farvahar Partners about a potential merger and IPO.

Sources told Reuters the merger, if successful, would be with a special purpose acquisition company (SPAC). 

SPACs are essentially shell companies that go public to raise

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The 1-Minute Market Report – October 9, 2020

What’s happening now, and what it may mean going forward.

A quick summary

  • The dip-buyers are now just 2.9% away from making a new market high.
  • The earnings recession continues, but forward estimates look rosy.
  • Inflation is ticking higher from a very low base.
  • Big Tech has lost some of its mojo.
  • A COVID-19 vaccine is getting closer but is not yet in sight.

The S&P 500 was up 3.8% last week

It was a strong week, up 4 out of 5 days. The only downer was Tuesday, when Trump said he was ending congressional talks regarding a second round of stimulus payments until after the election. That didn’t play well, so he reversed course on Wednesday and the market rallied.

What caught my eye on the above chart, by Jill Mislinski from AdvisorPerspectives, were the three consecutive gap openings after Tuesday’s selloff. Gap openings are not uncommon, but three

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China’s smaller cities spend the most on video games nationally: Report

People visit the stand of Tencent’s mobile game ‘Glory of Kings’ during the 2020 China Digital Entertainment Expo & Conference (ChinaJoy) at Shanghai New International Expo Center on July 31, 2020 in Shanghai, China.

Zhou You | VCG via Getty Images

SINGAPORE — Video games are booming in China’s smaller cities, with citizens there accounting for more than half of revenue nationally, according to a recent report by Niko Partners.

“76% of gamers in China live in Tier 3-5 cities, accounting for 70% of game revenue,” Niko Partners said in a synopsis of its China Gamers Report.

Cities in China are classified by tiers based loosely on population and economic size. For example, places such as capital Beijing and Shenzhen are generally considered tier-one cities, while lower-tier cities are smaller.

The country is the world’s top game market and will generate an estimated $40.85 billion in revenue this year, according

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Report details causes of recent California rolling blackouts

August 14 and 15 saw a heatwave drive rolling blackouts. And then on August 16, a station in Death Valley hit 130°F...
Enlarge / August 14 and 15 saw a heatwave drive rolling blackouts. And then on August 16, a station in Death Valley hit 130°F…

In mid-August, just before dry lightning storms ignited a series of fires that would break records in California, an intense heatwave resulted in rolling blackouts on two consecutive days. The trouble came in the evening, when solar generation drops off, leading some to claim this was the consequence of relying on renewable electricity. But it’s not that simple, as the outages could have been avoided. A new “preliminary root cause analysis” report from two state commissions and the California Independent System Operator that runs the grid presents a clearer picture of what went wrong.

The rolling outages affected a few hundred thousand people starting around 6:30pm on both August 14 and 15. They were actually the result of the grid’s rules: once the remaining reserve generation

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The case against Amazon: Key takeaways from the U.S. House antitrust report on digital markets

Amazon CEO Jeff Bezos, and the report this week from the U.S. House Judiciary Committee’s antitrust subcommittee. (GeekWire Photo Illustration)

Coming in at 451 pages, the U.S. House Judiciary Committee antitrust subcommittee’s report this week on competition in digital markets is a comprehensive summary of the ways in which Apple, Facebook, Google and Amazon capitalize on and allegedly abuse their market power to benefit themselves.

Amazon is mentioned by name 1,866 times in the report, almost twice as many times as Facebook, and second only to Google at 1,964 mentions.

The report dedicates an 83-page section to the Seattle-based e-commerce giant, informed by internal company emails, extensive market research, interviews with third-party retailers, submissions from industry groups, and testimony including the widely followed hearing this summer with Amazon CEO Jeff Bezos and others.

PREVIOUSLY: Antitrust report says Amazon has ‘monopoly power’ over sellers, company slams ‘fringe’ findings

But if you’re

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Microsoft To Let Employees Work From Home Permanently: Report

Software giant Microsoft will let employees work from home permanently if they choose to, US media reported on Friday, becoming the latest employer to expand work-from-home provisions prompted by the Covid-19 pandemic.

US tech news website The Verge said most Microsoft employees are still at home as the health crisis drags on, and the company doesn’t expect to reopen its US offices until January of next year at the earliest.

But when it does, workers can chose to work from home permanently with their manager’s approval, although they will have to give up their office space.

“The Covid-19 pandemic has challenged all of us to think, live and work in new ways,” human resources head Kathleen Hogan said in a note to employees obtained by The Verge.

“We will offer as much flexibility as possible to support individual work styles, while balancing business needs and ensuring we live our culture.”

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House report is sharply critical of Treasury’s handling of payroll program

Ultimately, the subcommittee concluded that instead of preserving jobs, the Trump administration’s implementation of the Payroll Support Program “significantly weakened the Program’s impact on job preservation.”

The subcommittee’s assessment comes in stark contrast to how the program has played out for passenger airlines, which received the bulk of the more than $25 billion that was allocated to pay front-line workers. Airline and union leaders say the program saved tens of thousands of jobs until it expired Oct. 1 and have been aggressively pushing to extend it through the end of March.

“The Payroll Support Program has supported hundreds of thousands of aviation industry jobs, kept workers employed and connected to their healthcare, and played a critical role in preserving the U.S. airline industry,” the Treasury Department said in a statement. “Implementation focused first on the largest employers to help stabilize an industry in crisis and support as many jobs as

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Xilinx soars 17% on report rival AMD is in talks to buy it for $30 billion

A Xilinx sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Center in Shanghai
  • Chip producer Xilinx leaped as much as 17% on Friday after The Wall Street Journal reported Advanced Micro Devices is in talks to buy the firm for more than $30 billion.
  • A deal could come together as soon as next week and mark the latest major acquisition in the semiconductor industry, sources told The Journal.
  • Xilinx closed Thursday with a market cap of nearly $26 billion, making the potential takeover price an appealing prospect for shareholders.
  • Should the deal go through, it would fortify AMD’s standing in the communications technology space and help it better compete with rival firm Intel.
  • Watch Xilinx trade live here.

Chipmaker Xilinx surged as much as 17% on Friday after The Wall Street Journal reported Advanced Micro Devices is in talks to buy

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