Funding News

Melvin Capital lost 53% in January after GameStop shares skyrocketed

Melvin Capital lost 53% in January, sources told Insider. The Wall Street Journal first reported the loss. The fund ended the month with more than $8 billion in assets under management. Melvin Capital was among the high-profile hedge funds that got torched after GameStop shares skyrocketed. Visit Business Insider’s homepage for more stories. Melvin Capital …

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Elon Musk’s SpaceX Riles Its Rivals for Broadband Subsidies

WASHINGTON— Elon Musk’s SpaceX is facing a final test—and some resistance—in its bid to secure almost $1 billion in federal subsidies for its satellite-based broadband service. SpaceX in the waning weeks of the Trump administration won preliminary rights to $886 million in government backing to provide rural broadband service via Starlink, its system of low-Earth-orbiting …

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Protests over virus restrictions in Belgium

BRUSSELS — Belgian protesters denouncing coronavirus restrictions staged a demonstration on Sunday in central Brussels and local media say police arrested about 300 people who tired to join the unauthorized action. Brussels police on Twitter repeatedly called on people not to gather and later dispersed the demonstration, which ended peacefully. Authorities had warned that riots …

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£30m Waking Watch Relief Fund now open for applications

£30m fire alarm fund will relieve residents of waking watch costs   Funding targeted at cities with most high-rise buildings with unsafe cladding Builds on £1.6 billion funding to speed up removal of unsafe cladding on eligible buildings  Tens of thousands of residents in high-rise buildings can now access financial support to make their buildings safer while they wait for remediation work …

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Trump officials lobbied to deny states money for vaccine rollout last fall 

WASHINGTON — Top Trump officials actively lobbied Congress to deny state governments any extra funding for the Covid-19 vaccine rollout last fall — despite frantic warnings from state officials that they didn’t have the money they needed to ramp up a massive vaccination operation. The push, described to STAT by congressional aides in both parties …

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Audit finds small California counties received less COVID relief from state

SANTA CRUZ — Santa Cruz County, and other small counties like it, were short-changed out of coronavirus relief funding in 2020. According to a published report by the auditor of the State of California, the state’s Department of Finance allocated significantly less funding from the $1.3 billion allocated to the state through the CARES Act …

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Coronavirus football: Government offers grants to non-league clubs

Non-league football clubs in Cornwall can now apply for a new grant to help get them through the latest period of inactivity amid the coronavirus pandemic. Sports Minister Nigel Huddleston has announced that Steps 3-6 of the National League system will receive up to £10 million to protect the immediate future of approximately 850 clubs …

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