Citigroup has agreed to pay $23 million to settle a lawsuit alleging the bank conspired to rig benchmark interest rates, including the yen London Interbank Offered Rate. Attorneys for the plaintiff say the deal could prompt other banks to follow suit.
An equity financing round has pulled in $23 million for San Diego-based Poseida Therapeutics, which focuses on the development of gene therapies against certain cancer and liver conditions. The funding round includes a $20 million investment from Malin, which will acquire a 31% stake in Poseida.
Trovagene raised $23 million in gross proceeds from its now-closed public offering of about 5.1 million shares. The company will use the proceeds as working capital and to support research and development, as well as other basic corporate functions.
Quantum-computing company D-Wave Systems has brought in an additional $23 million, and some of the money will go toward developing a software ecosystem. Quantum computing is designed to use the principles of quantum mechanics to solve complex problems.
The U.S. military plans to invest $23 million in cyber security and beef up staffing to combat cyber warfare. "The computer control systems that operate our chemical, electrical, water and transport sectors have all been probed. Several intruders have successfully gained system access," said Army Gen. Martin E. Dempsey, chairman of the Joint Chiefs of Staff.