Le Studio Weekly
🧮 Numbers of the Week
$427,000—The decrease in job openings on the last day of May
$2,500-The prize money being offered for the most pythons captured in Florida’s “Python Challenge,” which will be held on Aug. 5.
165,000-The number of customers’ water taps that lost pressure or went completely dry in Odessa, Texas, after a 24-inch main broke on Monday, June 13. The water system break occurred just as the city was experiencing extremely hot and humid conditions.
👥 Venture Capital
Agtech funding reaches near-record level despite fears of economic downturn. [Emerging Tech Brew]
As the global venture capital market slows, is the US dodging the downturn? [TechCrunch+]
“I don’t think right now that many funds are going to be entering the fundraising market.” [Institutional Investor]
The huge checks and soaring valuations of 2021 are no longer happening: “Those were unsustainable.” [The New York Times]
The momentum for companies to go public has sputtered. In the first half of this year, private companies going public had a combined exit value of $49 billion. That’s down from a record $777 billion for all of last year. [The Wall Street Journal]
🏛️ Culture & Trends
Goose Bumps Build for the Webb’s First Snapshots of the Universe
On Tuesday morning, NASA will show off the first pictures and data from the new James Webb Space Telescope. That will bring to an end some 30 years and $10 billion of planning, building, testing and innovating, followed by 6 months of terror, tension and anticipation.
The pictures constitute a sightseeing tour of the universe painted in colors no human eye has seen — the invisible rays of infrared or heat radiation. Infrared rays are blocked by the atmosphere and so can only be studied out in space. Among other things, they can penetrate the clouds of dust that encase the cosmic nurseries where stars are born, turning them into transparent bubbles that show the baby stars nesting inside.
The first image will be revealed Monday at 5 p.m. by President Biden at the White House in an event streamed on NASA TV or the agency’s YouTube channel . NASA will then show other pictures at 10:30 a.m. Eastern time on Tuesday in a live video stream . You can sign up here for a reminder on your personal digital calendar to catch the first glimpse of them.
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