SAN JOSE, Calif. — A judge on Wednesday sentenced former Theranos executive Ramesh “Sunny” Balwani to nearly 13 years in prison for his role in the company’s blood-testing hoax — Read more
Tag: diagnostic
Elizabeth Holmes sentenced to over 11 years in prison for Theranos crimes
Theranos founder and former chief executive Elizabeth Holmes was sentenced to 135 months, or over 11 years, in prison, putting an endpoint on the unraveling of a onetime vigorously hyped Read more
FTX’s stunning collapse nothing like Theranos, says venture investor and crypto bull Tim Draper
Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos, in Read more
Siemens Healthineers posts forecast-beating earnings and revenue, driven by imaging division
Siemens Healthineers on Wednesday posted rising earnings and revenue for the fourth quarter of its fiscal year that beat expectations, driven by the imaging division. The German healthcare company SHL, Read more
Zuckerberg says he’s accountable for missteps as Meta prepares for mass layoffs
Meta Platforms Inc. META, -0.26% will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday. The coming cuts are expected to total many thousands of employees and Read more
EssilorLuxottica sales rise thanks to strong Europe sales, China reopening
EssilorLuxottica SA said Friday that revenue in the third quarter picked up thanks to strong sunglasses sales in Europe over the summer and reopenings in China. The Franco-Italian eyewear group Read more
Walmart to begin selling hearing aids
Walmart Inc. WMT, +1.00% is the latest retailer to begin selling hearing aids online and in its stores. The retail giant said it will begin selling two brands of hearings Read more
Bio-Rad and German-based biotech Qiagen weighing latest tie-up in medical-diagnostic market
Bio-Rad Laboratories Inc. is in talks to combine with fellow life-sciences company Qiagen NV in a deal that would be worth more than $10 billion, according to people familiar with the matter. The talks Read more
4 under-the-radar stock picks from a five-star fund manager who sees rewards that are worth the risks
It can be tempting to chase performance during any given year, but unfortunately it’s a tried-and-true way to lower your investment returns in the long run. Jonathan Good, manager of Read more
Why aren’t new drugs that can help you lose weight more widely used?
A pair of new drugs offer something many Americans desperately want: a way to lose weight. In clinical trials, Novo Nordisk’s NOVO.B, +0.93% Wegovy helped adults lose about 15% of Read more