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How the NAHB’s Remodeling Market Index (RMI) is Measured

SOURCE: NAHB The RMI survey asks remodelers to rate five components of the remodeling market as “good, ” “fair” or “poor.” Each question is measured on a scale from 0 to 100, where an index number above 50 indicates that a higher share view conditions as good than poor. The Current Conditions Index is an…
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Google-backed ‘plumber’ Amwell spikes in debut, IPO a barometer of booming telehealth market

SOURCE: YAHOO FINANCE American Well Corp. (AMWL), began trading Thursday in a long-awaited move that may help boost competition in the increasingly hot telehealth market, and rides a wave of growing enthusiasm for virtual doctor visits that swelled during the COVID-19 pandemic. Amwell’s stock opened at $25 per share, well above the initial public offering (IPO)…
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Clean Energy Trust backs 2 new Chicago startups

SOURCE: CHICAGO INNO Two Chicago cleantech startups just got funding from the Clean Energy Trust, a fund that backs energy upstarts across the Midwest. The Chicago-based Clean Energy Trust announced Wednesday that it invested in Renewance, a startup focused on battery recycling that connects electric vehicle companies and other businesses to recycling solutions, and Iris Light Technologies, a maker…
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Zoom Goes From Conferencing App to the Pandemic’s Social Network

SOURCE: BLOOMBERG BUSINESSWEEK Eric Yuan built a tech unicorn in the unflashy business of enterprise communications. Then, suddenly, the world needed it to be something else. Like the rest of us, Eric Yuan is taking things day by day right now. The founder and chief executive officer of teleconferencing software company Zoom gets up each…
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Telehealth Startup Launches Platform to Treat Coronavirus Patients Remotely

SOURCE: CHICAGO INNO With hospitals becoming overcrowded with coronavirus patients, a Chicago startup has developed a tech-based method to care for COVID-19 patients at home. Chicago telehealth startup 4D Healthware announced that it launched a new COVID-19 monitoring platform, based on its original software, which allows for remote monitoring, physician and lab supported diagnosis, and at-home treatment. By equipping…
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Parplus Impersonates LTCM, Drags Ronin Down

SOURCE: ALPHACUTION Knowing is not enough; we must apply. Willing is not enough; we must do.” – Johann Wolfgang von Goethe With a name like Parplus, it’s difficult not to take the bait. Not quite as fruitful as Lev Parnas’ company, Fraud Guarantee, but ripe nonetheless, given the circumstances… For instance, we may never know if…
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10 Breakthrough Technologies of 2020

SOURCE: MIT TECHNOLOGY REVIEW Here is our annual list of technological advances that we believe will make a real difference in solving important problems. How do we pick? We avoid the one-off tricks, the overhyped new gadgets. Instead we look for those breakthroughs that will truly change how we live and work. Unhackable internet Hyper-personalized…
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This Chicago Biotech Startup Aims to Find a Cure for Aging by Targeting ‘Zombie Cells’

SOURCE: CHICAGO INNO Lewis Gruber, who’s turning 70 this year, says he has no plans on dying. Well, that’s not entirely true. The biotech entrepreneur has prepared a will. And when pressed on exactly how long he expects to live, he replied calmly, “Something on the order of 120 I wouldn’t think would be out…
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BrewBike Raises $2 Million, Sells its 100,000th Cup Coffee

SOURCE: CHICAGO INNO BrewBike, a coffee startup with roots at Northwestern University, has secured $2 million from investors as it celebrates a major milestone—selling 100,000 cups of coffee. The startup announced Wednesday that it raised $2 million in a seed round led by CEAS Investments, a venture firm with a focus on early-stage consumer product companies. The…
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