Former Theranos CEO Elizabeth Holmes set to be sentenced
CBSN
Former Theranos CEO Elizabeth Holmes is set to be sentenced on Friday, 10 months after a jury found her guilty of defrauding investors in the failed blood-testing company.
Holmes, 38, founded Theranos in 2003, and it quickly grew to become of one of the best-known startups in the world, with a peak valuation of $10 billion. But a series of exposes by the Wall Street Journal raised questions about the effectiveness of the company's technology and business practices, triggering multiple investigations by federal and state officials.
The sentence, to be imposed by Judge Edward Davila of the Northern District of California, will be seen as a signal for how seriously wrongdoers in the high-flying world of tech startups can expect to be punished when they misrepresent a company's capabilities.
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Washington — The Supreme Court on Friday said it will consider the constitutionality of the Federal Communications Commission's Universal Service Fund, agreeing to review a lower court decision that upended the mechanism for funding programs that provide communications services to rural areas, low-income communities and schools, libraries and hospitals.
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Former Rep. Matt Gaetz of Florida says he doesn't intend to return to Congress in January, after resigning from his seat and withdrawing from consideration as U.S. attorney general.
The United States on Friday announced sanctions against a former Colombian general it said was involved in extrajudicial killings of civilians falsely reported as combat deaths.
Jeff Bezos' Blue Origin launched six space tourists on a high-speed dash to the edge of space and back Friday, giving the passengers — including a husband and wife making their second flight — about three minutes of weightlessness and an out-of-this world view before the capsule made a parachute descent to touchdown at the company's west Texas flight facility.
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Organic carrots and celery sold at Whole Foods Market in five states are being recalled amid a deadly E. coli outbreak that has stricken 39 people in 18 states.
It's well-documented that women in the workplace often face biases when seeking leadership roles, but new research is uncovering just how pervasive and wide-ranging those prejudices can be.