In another blow for a region crippled by a surge in omicron variant cases, L.A. County’s partner in its at-home testing program, Temple City-based biotech firm Fulgent Genetics, said it won't accept new orders for PCR testing kits until Jan. 12, citing a backlog in processing them.
Here’s what else we're reading in the news:
- Allen Media Digital launches Sports.TV, a streaming network focused on sports, news and entertainment.
- WarnerMedia becomes the latest entertainment company to create its own digital video audience-measurement tool.
- Beyond Meat is bringing its meatless chicken to KFC.
- SoCalGas announced it is partnering with two companies to create hydrogen-powered drones.
- Los Angeles and Rancho Cucamonga will get the U.S.'s first fleet of electric-powered firetrucks.
- Snap sues the U.S. Patent Office after failing in its bid to trademark "spectacles".
The Santa Monica-based company offers tech workers who are awarded equity a way to cash out early—a valuable proposition in an era when startups are choosing to stay private longer. Quid provides loans worth up to 35% of the value of an employee’s stock; in return, it charges interest rates around 7% and receives a cut of the shares after a liquidity event.
Not even a week after the Los Angeles County Department of Public Health announced it would offer residents free mail-in PCR tests for COVID-19, the program has been put on pause.
UP Partners’ Ben Marcus has been fascinated by flight since he was young. After stints as a founder of aerospace startups, he’s now working on funding some of the most ambitious companies in the sector. Hear why he thinks aerial vehicles could soon turn a 45-minute drive from Santa Monica to Pasadena into a 5-minute ride.
It’s been almost seven years since Leonard Nimoy, the actor who created the role of Mr. Spock on “Star Trek,” passed away due to respiratory disease — but his character is coming soon to a billboard near you, part of a campaign to encourage COVID-19 vaccination.