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Thanks, Real Estate: Economy Stall Moves to Tech Field

According to a comparative survey, the National Venture Capital Association found that the "liquidity drought for venture-backed startups is so bleak" it's being called a crisis, reports Tech Crunch. There were no venture-backed IPOs in the second quarter of 2008, and the last time this happened in a quarter was in 1978. Last quarter there were only five IPOs worth $283 million compared to 43 of them during the first half of 2007 for $6.3 billion. The survey says the biggest factors are nervous investors, the credit and mortgage crisis, and Sarbanes Oxley regulation.

The Scan

Billions for Antivirals

The US is putting $3.2 billion toward a program to develop antivirals to treat COVID-19 in its early stages, the Wall Street Journal reports.

NFT of the Web

Tim Berners-Lee, who developed the World Wide Web, is auctioning its original source code as a non-fungible token, Reuters reports.

23andMe on the Nasdaq

23andMe's shares rose more than 20 percent following its merger with a special purpose acquisition company, as GenomeWeb has reported.

Science Papers Present GWAS of Brain Structure, System for Controlled Gene Transfer

In Science this week: genome-wide association study ties variants to white matter stricture in the brain, and more.