Daily Business Report: Aug. 18, 2023, San Diego Metro Magazine

Visual Capitalist has created a comprehensive list of the most affluent cities globally, ranking them based on the number of individuals with a fortune exceeding one million dollars.

What is the population of millionaires, centimillionaires, and billionaires in the most affluent cities worldwide? Although these figures do not cover every aspect, they offer a valuable insight into the financial prosperity and economic vitality of some of the richest cities globally.

This eye-catching image utilizes data from the Henley Global Citizens Report, created in collaboration with New World Wealth, to classify the most prosperous urban centers globally. It relies on an extensive collection of data that monitors the actions and financial choices of affluent individuals in more than 150 cities worldwide.

In the most recent version of the list, North America shines brightly with seven of the most affluent cities, in terms of the amount of millionaires residing in them. Specifically, out of the top 10 cities, the United States asserts its dominance by holding five spots, with New York City snatching the coveted first place.

Asia is the part of the world that holds the second highest number of individuals with fortunes worth millions, and it encompasses six urban areas. It comes as no surprise that the People's Republic of China proudly boasts three of these cities, one of which is Hong Kong with its special administrative region status.

Europe ranks third, having a total of five cities, yet only London manages to secure a spot in the top 10 section of the list. Lastly, Oceania is represented by two cities, both situated in Australia.

Which legislations can be detrimental to California's housing market?

A new study conducted by researchers at the University of California, San Francisco, reveals that the COVID-19 pandemic has severely impacted the mental health of young adults. The study found that nearly half of all young adults surveyed reported symptoms of depression and anxiety, with many experiencing suicidal thoughts. This study sheds light on the alarming consequences of the pandemic on young people's well-being. The physical health impacts of COVID-19 have been well-documented, but attention must also be given to the invisible toll it has taken on mental health. The findings suggest that the isolation and disruption caused by the pandemic have contributed to the alarming increase in mental health issues among young adults. The restrictions on social interactions and the uncertainties about the future have created a breeding ground for anxiety and despair. It is crucial that we address this mental health crisis among young adults. Ignoring or downplaying it will only lead to further detrimental effects on their well-being and futures. Mental health resources should be readily available and accessible, and young adults should be encouraged to seek help and support during these challenging times. As we continue to navigate through the pandemic, it is essential for policymakers and communities to prioritize mental health support. Investing in accessible mental health services will not only alleviate the current crisis but also build a stronger and more resilient generation of young adults who can face future challenges head-on. Together, we can create a society that not only focuses on physical health but also understands and supports the mental well-being of its young population.

The California Chamber of Commerce has a yearly compilation of bills known as the "job killer" list, which has an impressive reputation for effectively halting proposed legislation – a feat that is admired by other business organizations. According to their records, out of the 824 bills labeled as "job killers" from 1997 to 2022, only 58 managed to become law without undergoing substantial modifications that aligned with the Chamber's desires.

Likewise, California home constructors possess their own inventory of housing legislations they are against, albeit not as widely recognized and of shorter duration.

The "housing executioners" identified by the California Building Industry Association are bills that, according to their claims, will exacerbate the housing crisis by augmenting expenses, delaying construction timelines, and adding additional obstacles in the process of building homes.

In the ongoing session, there are six bills in the lineup, one of which is Assembly Bill 68. This particular bill aims to expedite the authorization process for environmentally-conscious urban housing. However, the organization argues that this measure would significantly inflate the expenses associated with housing, as it would exclusively permit the construction of costly multi-family high-rise residences.

UC San Diego has secured the 19th spot among the top universities globally in 2023.

By Chris Jennewein | San Diego Times The blog section is a new addition to the website. It provides a platform for diverse voices to share their thoughts, opinions, and experiences. It is an opportunity for individuals to express themselves freely, without restriction or censorship. In this section, you will find a wide range of topics and perspectives. It aims to capture the essence of the community and provide a space for dialogue and discussion. Whether you are interested in current events, lifestyle, travel, or personal anecdotes, you will find something that resonates with you. We encourage readers to engage with the blogs by leaving comments, sharing their own experiences, or posing questions. It is through these interactions that we can truly foster a sense of community and understanding. We are excited to see this blog section grow and evolve over time. We believe that everyone has a story to tell, and this platform allows for the amplification of unheard voices. Our hope is that by providing this space, we can contribute to a more inclusive and diverse media landscape. So, bookmark this page and check back regularly for new blog posts. We look forward to hearing from you and witnessing the vibrant conversations that will undoubtedly take place.

UC San Diego has secured the 19th spot in a prestigious global ranking of leading educational institutions, as indicated by the recently published 2023 Academic Ranking of World Universities. This ranking, conducted by Shanghai Jiao Tong University and known for its emphasis on scientific education, has placed Harvard University at the top position with Stanford University following closely behind in second place.

Out of all the public establishments, UC San Diego came in at fourth place following UC Berkeley, UCLA, and the University of Washington.

Chancellor Pradeep K. Khosla expressed his satisfaction in witnessing UC San Diego's continuous ascent in global rankings and acknowledgment as a prominent research university.

Out of the 20 most prestigious universities in the world, the United States hosted 15, with California being home to five of them. These include Stanford University, University of California, Berkeley, California Institute of Technology (CalTech), University of California, Los Angeles (UCLA), and University of California, San Diego (UCSD).

Theresa Cunningham becomes a member of the San Diego Tourist organization.

In the realm of hierarchy, with the position of primary overseer of inclusivity and fairness,

and the involvement of all members of a society in order to create an environment that is welcoming, accepting, and actively participating.

The San Diego Tourism Authority has appointed Theresa Cunningham to serve as their inaugural director of diversity, equity, and inclusion as well as community engagement.

The brand-new role will enhance the historical endeavors of the organization to promote diversity by appointing a committed director who will oversee and implement initiatives focused on diversity, equity, and inclusion (DEI). Cunningham will collaborate closely with different departments within SDTA to establish measurable goals that align with the organization's objectives. Additionally, they will serve as a representative for SDTA in community boards and take charge of managing the highly acclaimed Tourism Accelerator program. This program aims to support the growth of businesses owned by women, veterans, people of color, and members of the LGBTQIA+ community in the San Diego area, enabling them to expand their operations and connect with the local tourism industry.

Before this, Cunningham held the position of vice president of strategic initiatives at Reality Changers, a nonprofit organization based in San Diego. This organization focuses on empowering young individuals to become the first in their families to graduate from college and make a positive impact in their communities.

AleSmith Brewing Company is honoring its twenty-eighth year in business.

AleSmith Brewing Company is set to commemorate its 28th year in operation on Saturday, August 26th, at its Miramar brewery site. The merriments are scheduled from 11 in the morning until 10 in the evening, with the official celebration kicking off at 2 p.m.

Andy Citrin, Shane Hall, and Aviator Stash will grace us with live music starting at 5 p.m. Indulge in our enticing drink promos throughout the day, featuring two exclusive Anniversary brews. Additionally, we are thrilled to announce the presence of delectable food trucks on our premises.

Before the celebration, AleSmith will also be organizing its 3rd Annual Barrel-Aged VIP Experience gathering. Guests will be granted the special chance to sample some of AleSmith's scarcest and most extravagant cellar selections. These treats will build up to the official commencement of the evening's Anniversary Party, which will be enhanced with live musical performances, DJs, and a silent disco.

To find out more about AleSmith's 28th Anniversary Celebration and the exclusive Barrel-Aged VIP Experience, visit the brewery's official website or stay connected with them on various social platforms.

The impact of low temperatures on the brain's inclination to increase hunger

Researchers at Scripps Research have discovered neural pathways that trigger an increased appetite in mammals when they come into contact with low temperatures.

When mammals are exposed to cold temperatures, they naturally use up more energy to keep their bodies warm. This causes them to become hungrier and eat more, although no one knew exactly how this process was controlled. However, a recent study published in Nature on August 16, 2023, has identified a group of neurons in mice that act as a "switch" for this behavior, which could have implications for developing treatments for metabolic health and weight loss.

Artists from the United States who use the US dollar as their currency have been asked to create and develop artistic works for the annual Burning Man event.

Written by Kevin Dobyns |USD The blog section has been rewritten in simplified English using alternative vocabulary: Authored by Kevin Dobyns |United States Dollar

Unfolding Humanity is a beautiful artwork created by the Art Builds Collective at University of San Diego. It has been specially commissioned for this year's Burning Man festival. This sculpture, which was first displayed in 2018, has been completely transformed and its revival is set to inspire and engage people once again.

This is definitely the reason why Art Builds was created. Established by a group of University of San Diego professors including Austin Choi-Fitzpatrick from the Kroc School of Peace Studies, Gordon Hoople from Integrated Engineering in the Shiley-Marcos School of Engineering, Diane Hoffoss from Mathematics, and Nate Parde from Theatre Studies, this initiative receives support through countless hours of volunteer work each year and has officially become a non-profit organization.

"We are strongly driven," says Choi-Fitzpatrick, "by the concept that art has the potential to be a collaborative endeavor, and that it can unite us in pursuing projects that benefit the public."

Road Runner Sports has teamed up with PHIT America to enhance the well-being of children.

Road Runner Sports, the top merchant of jogging, exercise, and groundbreaking sports items, has teamed up with PHIT America, the foremost charity organization dedicated to enhancing the well-being of children in America. Together, they aim to encourage thousands of children to lead an active lifestyle, thereby improving their physical and mental health. This collaboration will see Road Runner Sports greatly bolstering PHIT America's initiatives in schools across the United States as the main sponsor of PHIT America's AMPED running/walking fitness program.

South 8 Technologies receives funding from Lockheed Martin Ventures.

San Diego-based cleantech company South 8 Technologies Inc. has recently secured a significant investment from Lockheed Martin Ventures, the venture arm of Lockheed Martin. This investment, along with contributions from current South 8 investors LG Technology Ventures, Foothill Ventures, and Anzu Partners, will support the development of safer and more efficient electrolytes for future lithium-ion batteries. South 8 Technologies, Inc. has created a revolutionary liquefied gas electrolyte called LiGas, which aims to accelerate the progress of clean energy worldwide by powering the next generation of lithium-ion batteries.

10xBio declares successful completion of registration in

A clinical study in the second phase, focusing on evaluating the effectiveness and safety of a medication designed for reshaping the body.

10xBio LLC, a company in the field of biotechnology that focuses on finding new ways to use existing therapies and technologies, has recently reached the target number of participants for a study that involves repeated treatment of their innovative injectable drug for submental body contouring. This drug, known as 10XB101, is a unique formulation of polidocanol, a substance that has already been approved in the United States for treating vein problems using sclerotherapy. However, 10xBio is now repurposing polidocanol for a different use in the field of aesthetic medicine, specifically for body contouring purposes. The global market for non-invasive fat removal is valued at around $4 billion, and currently, medical devices and only one drug available in the United States that contains deoxycholate as its main active ingredient dominate this market.

Vector Space Biosciences submits application for registration Vector Space Biosciences has recently filed an application for registration.

for the deployment of biological CubeSats into outer space

Vector Space Biosciences has started the process of obtaining licenses and registrations for creating, improving, and sending out biological CubeSats. This will provide biotechnology, pharmaceutical, and advanced materials companies the opportunity to gather exclusive and impactful datasets to progress the space sector. Interested customers can sign up early and learn more about it at the Vector Space Biosciences presentation during the Oracle Health Conference on September 20, 2023. Working in collaboration with NASA and various other partners, Vector Space Biosciences aims to eventually facilitate multiple launches every week, catering to a diverse range of clients.

American Mortgage Network has been recognized as one of the honorees on the prestigious Inc. 2023 list.

catalog of rapidly expanding, privately-held enterprises

According to Inc., American Mortgage Network ESOP, a mortgage banker that is fully owned by its employees, has been recognized as one of the fastest-growing privately-owned companies in America. This is the first time in the company's four-year existence that it has made it onto the Inc. 2023 list of the top 5,000 companies. American Mortgage Network ESOP ranked 997th overall, 153rd in California, and 18th in the San Diego-Chula Vista-Carlsbad area. Additionally, it achieved the 63rd spot among financial services companies on the prestigious Inc. 5000 list.

Aya Healthcare has revealed an investment of $50,000.

The Future Leaders in Medicine Scholarship is an esteemed program that aims to support and empower students who show promise as future leaders in the medical field.

Aya Healthcare, the biggest company in the United States that offers software and staffing services for healthcare professionals, has recently introduced the Future Leaders in Medicine Scholarship. In collaboration with National Medical Fellowships Inc (NMF), a non-profit organization that focuses on providing financial aid, service-learning opportunities, mentorship, and clinical research training to students in the fields of medicine, behavioral health, and related professions, Aya Healthcare aims to support and nurture five outstanding students who are currently pursuing medical degrees. Each recipient of this scholarship will be awarded $10,000 to assist them on their path of becoming influential figures in the healthcare industry.

Artiva Biotherapeutics reveals FDA approval for lupus medication

Artiva Biotherapeutics Inc. recently shared exciting news - the U.S. Food and Drug Administration has given clearance for the company's Investigational New Drug application for AlloNK. This groundbreaking therapy, when used in combination with rituximab, aims to treat systemic lupus erythematosus in patients with active lupus nephritis. AlloNK is a non-genetically modified, cord blood-derived therapy that utilizes allogenic, cryopreserved natural killer cells to enhance antibody-dependent cellular cytotoxicity.

Veracyte receives prestigious accolades as the leading workplace in San Diego and South San Francisco.

Veracyte Inc. has made a notable announcement regarding the recognition of its offices in South San Francisco and San Diego as exceptional workplaces. The South San Francisco branch of Veracyte has received the prestigious distinction of being recognized as a top workplace in the Bay Area for the year 2023. This recognition was conferred upon Veracyte by the renowned San Francisco Chronicle, in collaboration with Energate LLC. Furthermore, the San Diego office of Veracyte has been honored with the esteemed inaugural award for being one of the best places to work in San Diego. This accolade was presented by the eminent San Diego Business Journal in partnership with the esteemed Workforce Research Group.

Disguise outfits expands its Nintendo licensing privileges.

Disguise Inc., a famous costume branch of JAKKS Pacific Inc., a prominent maker of toys and consumer goods, has revealed that it has been granted an expansion of its worldwide privileges. This expansion permits Disguise to maintain its collaboration with Nintendo of America in the creation, production, and design of costumes and costume add-ons in a long-term contract that encompasses the entire planet.

The EQM Indexes Online Retail Index has included the Omnichannel retail sector.

EQM Indexes, a company based in San Diego that creates indexes, has made a significant improvement to its Online Retail Index. This improvement involves the addition of a new section called "omnichannel" in the retail industry. Omnichannel retail refers to the integration of both traditional and online methods in order to offer a seamless, customer-focused experience, regardless of how the purchase was initially made. This type of retail includes various innovative features such as multiple purchasing options, efficient search functions, the ability to share a shopping cart, rewards based on purchases, easy returns, a range of delivery options, consistent pricing, and flexible payment methods. All of these features work together with online and mobile platforms to enhance the overall customer experience.

Temptimix and Gilead Sciences unveil partnership.

Gilead Sciences Inc. and Tentarix Biotherapeutics, located in San Diego, have joined forces to form three long-term partnerships. They will utilize Tentarix's unique Tentacles platform to uncover and create multi-purpose, conditional protein treatments for cancer and inflammatory conditions. These treatments aim to not only improve the effectiveness of therapy but also ensure safety. By selectively targeting immune cells associated with disease progression, they avoid activating other immune cells that may cause harmful side effects.