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For AI, By AI
What's with AI-focused companies all using a similar website layout. Is it because models they use all create the same stuff?
If you don't know what we mean, it's the black background, small menu in upper right, tiny logo combo.
Kinda looked ok the first time we saw it. But the 50th time was when we started getting sick of it.
Needs more pale blue backgrounds.
"Interim"
When it comes to life, nothing is forever, especially jobs. They're all temporary.
So, prepending a job title with "interim" is kind of weird when you think about it.
What's extra weird (extra honest?) is adding it to your entire C-suite.
Dominatio Liliorum
Been a minute, but Lilly is back and continues to work on taking over the entire biotech industry. This week they invested in T-Therapeutics & Oyster Therapeutics.
In concert with the funding, Oyster shed its old name, Kesmalea Therapeutics, which we would like to thank them for doing.
Hot News
KVK Tech is a small drug company. In another era, they sent out news releases to tell the world how much they cared about their employees, who were essential and helping to avoid a "dangerous shortage of prescription medication".
KVK tech sells weight loss pills, but that's not the point. The point is the generosity!
That same article said they were dishing out $1,000 to each employee and giving 10% bonuses for each of the following two months during the height of pandemic shutdowns.
Wow, that's generous!
Or if you recall the federal government was throwing money every which way, maybe not.
KVK failed to mention they were given $4,286,071 by the federal government in the form of a (now forgiven) PPP loan, which amounted to $13,000 per employee.
Doesn't seem so generous anymore, does it?
But maybe that extra cash was saved for the $500 gasoline subsidies, which were also very newsworthy for KVK.
Ok, 327 employees, $1000 initial bonus. $1500 in bonuses the next two months. $500 gas card. That's $981,000.
Only $3.3M was left to defend the company in federal court.
GLP-1 Dominoes
Perhaps you're like us and did not know rapid weight loss leads to rapid hair loss.
The makers of Rogaine surely do now that sales are up 30% thanks to GLP-1s.
After its inevitable failure, use of Rogaine leads to demand for hair plugs, which leads to second marriages, which leads to second divorces, which leads to bankruptcy, which leads to drugs.
Lesson: Drugs always lead to more drugs.
Full Maga
A day after the election, Neion Bio went full Maga. But not in that way.
They hired John Maga to be their new Head of Biologics.
*Manufacturing Avian Gametes Again*
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