Daily Business Report: Aug. 18, 2023, San Diego Metro Magazine
The World's Richest Urban Areas, Ranked by the Quantity of Millionaires
What is the number of individuals who hold millions, tens of millions, and billions in the cities with the highest wealth? Although these statistics do not cover everything, they do provide insight into the economic well-being and financial transactions of some of the most affluent cities worldwide.
This image is based on data from the Henley Global Citizens Report, working together with New World Wealth, to order the most financially prosperous cities globally. It relies on a wide-ranging collection of data that monitors the actions and financial behaviors of affluent individuals in more than 150 cities worldwide.
In the most recent version of the list, North America is well represented with seven of the most financially prosperous cities, measured by the amount of millionaires residing in them. Especially noteworthy is the United States, which dominates five out of the top 10 cities, and secures the top position with New York City.
Asia is the area that holds the second highest number of individuals with a net worth of at least one million units of currency. It comes as no surprise that three out of the six cities included in this category are located in China, and one of them is Hong Kong (SAR).
In terms of the ranking, Europe secures the third spot with a total of five cities. However, only London manages to secure a place in the top 10 portion. Moving on, Oceania has a presence on the list with two of its cities hailing from Australia.
What are the bills in California that cause significant harm to the housing market?
By Lynn La | CalMatters Rewrite: Authored by Lynn La | CalMatters
The California Chamber of Commerce possesses an annual compilation known as the "job killer" list, where its adeptness at thwarting bills is admired by other trade organizations. According to their calculations, out of the 824 bills tagged as "job killers" from 1997 to 2022, only 58 managed to become laws without undergoing considerable alterations that aligned with their desires.
Likewise, the builders in California have their set of housing bills that they object to, although it is not widely recognized and has a shorter duration.
The bills identified by the California Building Industry Association as "housing killers" are measures that, according to them, would exacerbate the housing crisis by heightening expenses, prolonging construction schedules, and imposing additional obstacles for home development.
In the present term, the roster consists of six legislative proposals, wherein Assembly Bill 68 aims to expedite authorizations for eco-friendly city residences. However, the organization argues that this measure would significantly escalate housing expenses by restricting construction solely to costly multi-story buildings.
UC San Diego has been recognized as the 19th top-ranking university globally in 2023.
A blog section is a segment of a website that features regularly updated posts from different authors, covering various topics of interest. These posts are usually informal in style and provide a more personal perspective on the subject matter. The author of the blog article, Chris Jennewein, contributes to an online publication known as The Times of San Diego.
UC San Diego was listed at the 19th position in a renowned global evaluation of leading educational establishments published recently. The 2023 Academic Ranking of World Universities, created by Shanghai Jiao Tong University and known for its inclination towards scientific institutions, ranked Harvard University as the top-ranked university, followed by Stanford University in second place.
UC San Diego secured the fourth position among renowned public institutions, trailing just behind UC Berkeley, UCLA, and the University of Washington.
"We are delighted to witness UC San Diego's status rise as one of the foremost internationally recognized research universities, as reflected in its ascending position in global rankings and acknowledgment," expressed Chancellor Pradeep K. Khosla.
Out of the 20 best universities in the world, the United States boasted an impressive representation with 15 of them. California specifically held a significant share, housing five prestigious institutions including Stanford, Berkeley, CalTech, UCLA, and UCSD.
It is with great excitement that we announce the addition of Theresa Cunningham to San Diego Tourist. We are truly thrilled to have her join our team and be part of our journey. Theresa Cunningham has come aboard as a new member of the San Diego Tourist family. It is with immense pleasure that we welcome her and look forward to the contributions she will bring to our organization. Theresa Cunningham is now officially a part of San Diego Tourist. We are delighted to have her on board and are eager to see the positive impact she will have on our company. San Diego Tourist is pleased to announce that Theresa Cunningham has joined our team. We cannot express enough how thrilled we are to have her join us and be a valuable asset to our organization. Theresa Cunningham has officially become a part of the San Diego Tourist family. We are absolutely elated to have her join us and cannot wait to see the wonderful things she will bring to our team.
In terms of appointing the initial overseeing authority for diversity and inclusivity efforts, the organization has chosen an individual with sound expertise and knowledge in this domain.
and diversity and involvement of the community
Theresa Cunningham has been appointed as the inaugural director of diversity, equity, and inclusion, as well as community involvement, by the San Diego Tourism Authority.
The brand-new role will enhance the organization's long-standing commitment to diversity by appointing a specialized director to oversee and implement initiatives promoting diversity, equality, and inclusion (DEI). Cunningham will collaborate closely with SDTA departments to establish measurable targets that align with organizational objectives, represent SDTA on community boards, and oversee the highly acclaimed Tourism Accelerator program designed to support San Diego-based businesses owned by women, veterans, individuals of color, and members of the LGBTQIA+ community in expanding their operations and accessing opportunities within the local tourism sector.
In the past, Cunningham worked as the vice president of strategic opportunities at Reality Changers, an organization in San Diego that helps young people prepare for college and empowers them to make a positive impact in their communities as the first ones in their families to graduate from college.
AleSmith Brewing Company is commemorating its 28th year of operation.
AleSmith Brewing Company is gearing up to commemorate its 28th year in the brewing business this Saturday, August 26th. The merriments will take place at their brewery site in Miramar. Excitement will fill the air from 11 in the morning until 10 in the evening, culminating in the official festivity launch at 2 p.m.
Andy Citrin, Shane Hall, and Aviator Stash will grace the stage with their live music, kicking off at 5 p.m. In addition to a plethora of enticing beverage deals available throughout the day, including two exclusive Anniversary brews, there will also be a variety of food trucks present at the event.
Before the celebration, AleSmith will also be organizing its 3rd Annual Barrel-Aged VIP Experience gathering. Participants will be granted the privileged chance to sample some of AleSmith's most uncommon and indulgent aged beverages. These delightful drinks will lead up to the official commencement of the evening's Anniversary Party, where live music, DJs, and silent disco will add the perfect finishing touch.
To learn more about AleSmith's 28th Anniversary Party and Barrel-Aged VIP Experience, visit the brewery's official website or stay updated by following them on social networking sites.
The impact of frigid temperatures on the mind's inclination to increase cravings
Scientists from Scripps Research have discovered neural pathways within the brain that stimulate an increased appetite in mammals when they come into contact with chilly temperatures.
Mammals naturally consume more energy to regulate their body temperature when subjected to cold conditions. This rise in energy expenditure due to cold stimulation triggers a surge in hunger and eating, although the particular mechanism behind this phenomenon was previously unidentified. In a recent study, published on August 16, 2023, in the journal Nature, scientists uncovered a group of neurons that serve as a "toggle" for this eating behavior triggered by cold in mice. This finding has the potential to pave the way for treatments targeting metabolic health and aiding in weight loss.
Artists from the United States of America who work with the United States dollar currency have been chosen to create artistic pieces for the Burning Man event.
Written by Kevin Dobyns from the University of San Diego.
Unfolding Humanity is a statue created by the Art Builds Collective at the University of San Diego. It has been chosen as a special project for this year's Burning Man event. The sculpture was first displayed in 2018 but has since been transformed into something completely new. Its resurrection is sure to captivate and inspire people all over again.
That is surely the reason why Art Constructs exists initially. Established a few years ago by lecturers Austin Choi-Fitzpatrick from the Kroc School of Peace Studies at the University of San Diego, Gordon Hoople from Integrated Engineering at the Shiley-Marcos School of Engineering, Diane Hoffoss in Mathematics, and Nate Parde from Theatre Studies, the initiative is backed by countless hours of voluntary work each year and is currently classified as a non-profit organization.
Choi-Fitzpatrick expresses a strong drive, stating that the notion of art functioning as a joint effort inspires us greatly. We believe that art has the power to unite us, as we collaborate on endeavors that benefit society as a whole.
Road Runner Sports teams up with PHIT America to enhance the well-being of children.
Road Runner Sports, the top seller of running, fitness, and groundbreaking sports merchandise, and PHIT America, the leading charitable organization enhancing the well-being of children, have united in their mission to encourage a larger number of children to engage in physical activities for enhanced physical and mental well-being. Road Runner Sports will greatly enhance the reach of PHIT America's initiatives in American schools by assuming the role of the primary sponsor for PHIT America's AMPED running/walking fitness program.
South 8 Technologies has successfully obtained funding from Lockheed Martin Ventures.
San Diego's cleantech company, South 8 Technologies Inc., which is working on creating safer and more efficient electrolytes for future lithium-ion batteries, has recently received a strategic investment from Lockheed Martin Ventures. This investment was also joined by existing investors LG Technology Ventures, Foothill Ventures, and Anzu Partners. South 8 Technologies, Inc. has successfully developed LiGas, a unique liquefied gas electrolyte, that aims to power the next generation of lithium-ion batteries and contribute to a greener future for our planet.
10xBio reports successful enrollment accomplishment
Clinical trial in Phase 2b for medication aimed at body sculpting
10xBio LLC, a biotech firm that specializes in finding new uses for existing therapies and technologies, has announced the completion of enrollment in a study for its unique injectable drug designed for submental body contouring. This drug, known as 10XB101, is a special formula of polidocanol, an approved substance used in vein sclerotherapy in the United States. However, 10xBio is reimagining the use of polidocanol for body contouring purposes in the field of aesthetic medicine. The global market for non-invasive fat removal is valued at approximately $4 billion, and is currently dominated by medical devices and a single U.S. drug containing deoxycholate as its active ingredient.
Vector Space Biosciences has submitted an application for registration.
for the transportation of miniature biological satellites into space
Vector Space Biosciences has initiated the process of obtaining licenses and registrations for the creation, progression, and deployment of biological CubeSats. These CubeSats will allow companies involved in biotechnology, pharmaceuticals, and advanced materials to generate exceptional and influential datasets for the progression of the space industry. Interested customers can now pre-register and also attend the Vector Space Biosciences discussion at the Oracle Health Conference on September 20, 2023. Vector Space Biosciences is collaborating with NASA and various other entities to facilitate frequent launches to serve a diverse range of customers.
American Mortgate Network has been recognized by Inc. magazine as one of the prominent companies to watch in 2023.
catalog of rapidly expanding, privately-held enterprises The chosen businesses that secure a spot on this list are those experiencing significant growth and are not publicly traded.
According to Inc., American Mortgage Network ESOP, a mortgage banker that is entirely owned by its employees, has been recognized as one of the 5,000 fastest-growing private companies in America for the year 2023. This marks a significant achievement for the company, as it has secured the 997th position on the list out of the 5,000 companies. Additionally, American Mortgage Network ranked 153rd in California and 18th in the San Diego-Chula Vista-Carlsbad region. Notably, the company also earned the 63rd spot among Financial Services companies on the prestigious Inc. 5000 list.
Aya Healthcare discloses a $50,000 injection into their funds.
The scholarship program called Future Leaders in Medicine aims to support aspiring medical professionals.
Aya Healthcare, the biggest healthcare talent software and staffing organization in the country, declared the Future Leaders in Medicine Scholarship alongside National Medical Fellowships Inc. (NMF), a nonprofit that offers scholarships, service-learning programs, mentorship, and training for research leadership in medicine, behavioral health, and related professions to students who are historically underserved. This program will award $10,000 to five outstanding students who are currently pursuing medical degrees, assisting them in their pursuit of becoming influential figures in the healthcare field.
Artiva Biotherapeutics reveals FDA approval for lupus medication
Artiva Biotherapeutics Inc., a company in the clinical testing stage, has received approval from the U.S. Food and Drug Administration for its application to study AlloNK in combination with rituximab as a potential treatment for systemic lupus erythematosus in patients with active lupus nephritis. AlloNK is a therapy made from natural killer cells that are derived from cord blood, and it is not genetically modified. The therapy aims to improve the body's ability to destroy harmful cells with the help of antibodies.
Veracyte attains prestigious workplace accolades in San Diego and South San Francisco
Veracyte Inc. unveiled that its branches in South San Francisco and San Diego have earned recognition as leading workplaces. The South San Francisco establishment of Veracyte has been honored with the esteemed title of Top Bay Area Workplaces 2023 by none other than the San Francisco Chronicle, in collaboration with Energate LLC. Furthermore, Veracyte’s San Diego office has been granted the inaugural Best Places to Work in San Diego accolade in partnership with Workforce Research Group, as recognized by the San Diego Business Journal.
Disguise attire expands its licensing privileges with Nintendo.
Disguise Inc., a distinguished outfit department of JAKKS Pacific Inc., a prominent manufacturer of toys and consumer goods, revealed an expansion of its worldwide privileges. This enlargement enables Disguise to sustain its collaboration with Nintendo of America in the creation, progress, and production of outfits and costume add-ons under a long-term agreement that encompasses the entire globe.
The EQM Indexes Online Retail Index has introduced a new category called Omnichannel retail to its list.
EQM Indexes, a company from San Diego that develops indexes, has made a significant update to its Online Retail Index. They have now introduced a new retail segment called "omnichannel." Omnichannel retail involves combining traditional and online channels to create a seamless customer-focused experience, no matter how a purchase is made. Omnichannel retail includes advanced features like various purchasing options, shared shopping carts, reward programs, easy returns, flexible delivery options, consistent pricing, and payment flexibility. These features are integrated with online and mobile platforms to enhance the overall customer experience.
Tentarix and Gilead Sciences join forces in a collaborative effort
Gilead Sciences Inc. and Tentarix Biotherapeutics from San Diego have declared that they have formed three partnerships, set to last several years, utilizing Tentarix's exclusive Tentacles platform. The aim of these collaborations is to uncover and advance multipurpose, conditional protein therapeutics for oncological and inflammatory ailments. These molecules have been designed to improve both the efficacy and safety of treatments by selectively targeting immune cells associated with disease processes, while keeping other immune cells inactive to prevent any unwanted reactions.
