Thousands of sailors get access to trendy weight-loss app in new deal
As of Feb. 1, the Navy is offering the commercial version of Noom free for a year to these sailors in what the service calls its Fitness Enhancement Program. The Navy’s contract with Noom, which is considered a one-year pilot program, is worth $466,560, paid for by excess funds released by Congress last fiscal year for quality of service initiatives.
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(Bloomberg) — When federal regulators stepped in to backstop all of Silicon Valley Bank’s deposits, they saved thousands of small tech startups and prevented what could have been a catastrophic blow to a sector that relied heavily on the lender.
Big VC, Tech Got Backstop for Billions in Uninsured SVB Deposits (archived)
Oracle is in preliminary talks with TikTok parent ByteDance to buy the app’s operations in the US, Canada, Australia, and New Zealand, the Financial Times reported Monday.
Oracle has been working with US investors, including General Atlantic and Sequoia Capital, who own a stake in TikTok already, according to the Financial Times.
Founder Larry Ellison is among Trump’s few public backers in Silicon Valley and CEO Safra Catz served on his presidential transition team.
Trump has tried to force a sale of the app to an American company through multiple executive orders, and so far Microsoft has been the leading contender.
Ms. Cat’s Chronicles 
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