Day: September 11, 2020

Salaryo raises $5.8 million to provide COVID-19 financing relief for SMEs

Total amount raised reaches $12 million; the fintech startup has processed over $60 million in loan applications year-to-date and plans to launch additional small business banking products in 2021

NEW YORK, Sept. 8, 2020 /PRNewswire/ — Salaryo, a pioneering fintech platform for U.S. freelancers and startups, today announced it has raised a total of $5.8 million in funding from Variant Investments, Dubai-based private equity fund KEN Investments, Techstars Ventures and Michael Ullmann’s investment group, bringing its total funding to $12 million. The majority of the round was funded earlier this year and the company will use the funds to propel the growth of its small business lending activity and to launch new business banking products in 2021.

Salaryo Logo (PRNewsfoto/Salaryo)

Salaryo provides fully-digital business term loans and lines of credit for small businesses. The company has successfully provided financing to hundreds of entrepreneurs and

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California Department of Insurance Fraud Suit Results in $24M in Payments from AbbVie

California Insurance Commissioner Ricardo Lara this week announced a settlement agreement with AbbVie Inc. to resolve a lawsuit alleging violations of the California Insurance Frauds Prevention Act involving the marketing of blockbuster prescription drug HUMIRA.

AbbVie agreed to reform its HUMIRA marketing practices in California, including disclosing that registered nurses employed as “Ambassadors” to interact with patients about HUMIRA are actually paid by the company, not a medical provider, and reforming how HUMIRA is marketed to health care providers.

AbbVie has also paid a combined $24 million to the State of California and the whistleblower who brought the case to the Department’s attention.

“AbbVie’s prior practices in marketing HUMIRA egregiously put profits ahead of transparency in patient care and violated California law,” Lara said in a statement. “This settlement delivers important reforms to AbbVie’s business practices and a substantial monetary recovery that will be used to continue to combat insurance

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Meghan Markle and Prince Harry No Longer Getting Money from Prince Charles

Prince Harry and Meghan Markle are no longer receiving money from Prince Charles as they look to their Netflix mega deal, Newsweek has confirmed.



a man and a woman looking at the camera: Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex, during the Sentebale Polo 2018 held at the Royal County of Berkshire Polo Club on July 26, 2018 in Windsor, England.


© Samir Hussein/Getty
Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex, during the Sentebale Polo 2018 held at the Royal County of Berkshire Polo Club on July 26, 2018 in Windsor, England.

The Duke and Duchess of Sussex announced they would quit royal duties in January, vowing to “work to become financially independent.”

Last week it was announced they had signed a major, multi-year Netflix deal estimated between $50 and $100 million, setting them up for the future.

Now the duke and duchess are no longer receiving money from Prince Charles’ Duchy of Cornwall estate.

The revelation first emerged in a correction to a story about the Netflix deal in the New York Times but has been confirmed to Newsweek.

When Meghan and

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GOP convention wraps up with opera, fireworks

WASHINGTON (AP) — The Republican National Convention — the first political convention ever held at the White House — has ended with opera and fireworks.



Fireworks light up the sky over Washington after President Donald Trump delivered his acceptance speech at the White House to the 2020 Republican National Convention, Thursday, Aug. 27, 2020. (AP Photo/J. Scott Applewhite)


© Provided by Associated Press
Fireworks light up the sky over Washington after President Donald Trump delivered his acceptance speech at the White House to the 2020 Republican National Convention, Thursday, Aug. 27, 2020. (AP Photo/J. Scott Applewhite)

President Donald Trump wrapped up his speech closing out the RNC on Thursday by recounting the achievements of the nation’s pioneers and pledging to forge achievements in energy development, technological advancement and space exploration, including putting the first woman on the moon.

Under his leadership in a second presidential term, Trump said the country would “prove worthy of magnificent legacy.”

Trump’s speech was punctuated by musical selections including “You’re a Grand Old Flag” and fireworks display on the National Mall, with some of the fireworks spelling out

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