RSS FEEDS BLOG
Claims made by Elizabeth Holmes’ failed startup Theranos to media mogul Rupert Murdoch and other investors about the accuracy of the firm’s blood tests were under dispute within the company, jurors heard Tuesday during Holmes’ criminal fraud trial. Federal prosecutor John Bostic showed the jury an investment pitch Theranos sent to Murdoch. Theranos, in the […]
Drugstore giant Walgreens paid Palo Alto blood-testing startup Theranos $100 million, and invested $40 million more in the failed company, a former Walgreens executive testified at Theranos founder Elizabeth Holmes’ criminal fraud trial Wednesday. Former Walgreens chief financial officer Wade Miquelonleft Walgreens before the deal with Theranos fell apart, but he continued to believe in […]
A lawyer for Theranos founder Elizabeth Holmes claimed during her criminal trial Tuesday that “incompetence” by former company lab director Adam Rosendorff was behind problems at her Palo Alto blood-testing startup. “To the extent that failures in the lab are the result of incompetence of someone other than my client, it’s exculpatory for my client,” […]
California’s wildfire trends are alarming. Eight of the 10 largest fires in the state’s recorded history have occurred since 2017. Tens of thousands of homes burned in Paradise, Santa Rosa, Boulder Creek and other areas in recent years. Whole communities around South Lake Tahoe were evacuated this summer due to wildfire. Experts say California’s drought, […]
Former Theranos laboratory director Adam Rosendorff felt “obligated from a moral and ethical perspective to alert the public” about the Palo Alto blood-testing startup’s inaccurate test results, he testified Tuesday at the criminal fraud trial of company founder Elizabeth Holmes. However, under aggressive cross-examination Tuesday afternoon, a Holmes lawyer sought to paint Rosendorff’s trial testimony […]
More than a quarter of Theranos’ blood analyzers were failing quality control after it started offering blood tests, threatening patients’ health, and company founder Elizabeth Holmes was told about problems with the technology, the court heard in Holmes’ criminal fraud trial Wednesday. Holmes’ lawyers have sought to distance her from the operations of the company […]
Theranos whistleblower Erika Cheung’s first inkling that the company’s technology fell short of founder Elizabeth Holmes’ claims arose because the startup used its workers’ blood to check how well tests performed, the former laboratory assistant testified Tuesday. “Employees would essentially donate their blood to Theranos for cash,” Cheung told jurors on the second day of Holmes […]
Theranos founder Elizabeth Holmes, who has accused her fallen startup’s president of coercing and abusing her amid their long love affair, sent him adoring text messages as the pair hunted leakers ahead of a damning media exposé, a court filing this week revealed. “You are breeze in desert for me,” (sic) said one text from […]
A federal judge Thursday ordered the public release of documents concerning Theranos founder Elizabeth Holmes’ psychological evaluation and trial strategy, partially lifting a veil on her relationship with her chief operating officer and mental state on the eve of a blockbuster trial. U.S. District Judge Edward Davila sided with publisher Dow Jones seeking to unseal […]
Independent restaurants are closing in droves and many are barely clinging to life, slammed by the coronavirus pandemic and a technological revolution in food delivery that gives convenience to customers but can exact a high price from restaurants. Now a 21-year-old high school dropout from Menlo Park wants to help keep everyone’s favorite eating spots […]