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Seattle-based Icosavax, which is developing COVID-19 vaccines, files for IPO 4 years after launch

GeekWire

Icosavax creates virus-like particles with technology licensed from the University of Washington’s Institute for Protein Design. Biotech IPOs reached an all-time high last year, according to Biopharma Dive , and the pace is continuing into 2021. Net losses were $5.3 Icosavax Photo). million in 2019 and $18.9

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ACCO Brands will pay $340M to acquire Seattle-area game controller company PowerA

GeekWire

It expects net sales of approximately $200 million in 2020, a 20% increase over 2019, and profit of $50 million. PowerA is also known for its officially-licensed gamepads for PlayStation, Xbox, and Nintendo consoles, such as last year’s Legend of Zelda- themed Enhanced Wireless Controller for the Switch.

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Gogo sells commercial in-flight internet business to bankrupt satellite provider

The Verge

The FCC is clearing out the C-band (4-8 GHz) to make space for 5G customers, and Intelsat is participating in the program that could net the company nearly $5 billion by selling airwave licenses it currently owns. The company is also working on a 5G network that is still slated to launch in 2021.

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Xbox, Surface, and cloud once again boost Microsoft’s Q2 earnings

The Verge

Microsoft posted the second quarter of its 2021 financial results today , reporting revenue of $43.1 billion and a net income of $15.5 Revenue is up 17 percent, and net income has increased by 33 percent. The pandemic has impacted the way a lot of people work or learn, and many have turned to laptops to continue remotely.

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Amazon adds new Prime benefit with One Medical virtual and in-person health care service

GeekWire

The Prime One Medical membership benefit features video chats with licensed providers, including an in-app “Treat Me Now” feature for common concerns such as cold and flu, skin issues, allergies, urinary tract infections, and more, according to Amazon. billion in revenue last year, up 68% from the year prior, with a net loss of $144.1

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Porch Group makes unusual promise in latest acquisition — guaranteeing its stock will double

GeekWire

” The net impact, he said, is “less dilution and more value for our shareholders.”. Floify projects $10 million in revenue in 2021 and $15 million in 2022, according to a Porch news release and investor presentation. million and a net loss of $81.4 So what happens if the stock doesn’t ultimately double?

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Senators ask regulators to investigate bank and crypto ties, citing Washington state bank

GeekWire

By acquiring Farmington, Moonstone received a banking charter , a business license required for U.S. Its net worth was $5.7 Moonstone Bank, formerly known as Farmington State Bank, was acquired in 2020 by FBH. Farmington State Bank changed its name just before the FTX investment. according to its LinkedIn page.

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