LA BUSINESS JOURNAL DAILY NEWS

Beyond Meat Posts Second-Quarter Sales Gain

Shares of Beyond Meat Inc. dropped about 6% after the maker of plant-sourced meats reported second-quarter sales on Aug. 5 that beat Wall Street expectations.

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TrueCar Selling ALG Unit for $135 Million

TrueCar Inc. has entered into an agreement with J.D. Power to sell its ALG Inc. subsidiary for $135 million.

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LA County Medical Association Names Shiba as President

Ophthalmologist Diana Shiba has been elected as the first Asian American woman president of the Los Angeles County Medical Association.

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Fulgent Earnings Soar on Covid Testing Surge

Earnings for Fulgent Genetics Inc. increased 10-fold, and revenue doubled in the second quarter.

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Alive Ventures Launches to Assist the Elderly

Alive Ventures, a venture studio dedicated to helping older Americans, has spun out of Long Beach-based Scan Foundation.

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UCLA Cancer Researchers Land $3 Million Grant

Researchers from the UCLA Jonsson Comprehensive Cancer Center have been awarded a $2.97 million grant from the National Cancer Institute.

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Los Angeles Cancer Network Partners With OneOncology

Oncology practice network OneOncology will be expanding into California through a partnership with the Los Angeles Cancer Network.

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LA Tourism Selects Burke as CEO

The Los Angeles Tourism and Convention Board named Adam Burke as the organization’s new president and chief executive.

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SpaceX Prepares for Additional NASA Missions

Following the successful completion of the company’s first manned mission, Hawthorne-based aerospace company Space Exploration Technologies Corp. is lining up orders for more NASA projects.

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Academy Re-Ups Rubin as President

President of the Academy of Motion Pictures Arts and Sciences David Rubin was re-elected to a second term on Tuesday by the board of governors.

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GoodRx Adds Telehealth to Its Comparison-Shopping Platform

Santa Monica-based GoodRx Inc., which rose to prominence through its app allowing consumers to comparison shop pharmacies for prescription drugs, now wants to give consumers the power to lower their overall health care costs.

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Brokers Say Use of 1031 Exchanges Has Surged During Pandemic

Sales across most real estate asset types slowed during the second quarter, but developers and brokers said one area remained enticing.

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Investors Play Wait-and-See With Struggling Quibi

Jeffrey Katzenberg’s short-form streaming service Quibi proved itself to be a contender in the world of premium quality content last week by earning 10 Emmy nominations in its first foray into TV’s most prestigious annual competition.

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Young Investors Drive Increased Use of Investing Apps

Amid the market volatility caused by the Covid-19 pandemic, fintech and investing apps are reporting a rise in user activity as amateur investors enter the market.

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LABJ Insider

X Marks the Spot

XPrize, which for years has been blending entrepreneurial enthusiasm, improve-the-world initiatives and good old-fashioned cash rewards, has turned its attention to one of our most pressing problems: Covid-19 testing.

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Chateau Marmont, The James Make Upscale Transitions

Two iconic hotels are shifting their focus.

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Heal to Partner With Humana After $100 Million Investment

Sawtelle-based physician house call and telemedicine service Get Heal Inc. has received a $100 million investment from health insurance giant Humana Inc., the two companies announced July 29.

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Tinder Taps Former CBS Exec Lanzone as CEO

Dating app owner Match Group Inc. has named Jim Lanzone, the former president and chief executive of CBS Interactive, as the new chief executive of West Hollywood-based Tinder, effective Aug. 3.

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Captiva, Avalon Acquire Atwater Village Warehouses

Captiva Partners, Avalon Investment Co. and a private investor purchased two warehouses totaling 189,000 square feet in Atwater Village for $38 million, records show.

Auto Parts Company Signs Lease in City of Industry

A wholesale auto parts distribution company has signed a lease for roughly 132,000 square feet in an industrial building in the City of Industry.

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