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The opening statement is set to begin with the trial of Elizabeth Holmes in Theranos.

credit…Jim Wilson / New York Times

Opening statement For Elizabeth HolmesTheranos, the founder of blood testing startup Theranos, will begin Wednesday morning in San Jose, California, and will launch one of Silicon Valley’s most promising trials.

Holmes, 37, was charged with 12 charges of wire fraud and conspiracy to attempt a wire fraud in connection with the money she raised for Theranos. Disbanded in 2018 After the blood test turned out to be problematic.

The jury will determine if Holmes, who founded Theranos in 2003 and fulfilled his mission to revolutionize healthcare, lied to investors about her company’s technology.

Holmes argued that a Theranos machine called Edison could quickly perform a wide range of blood tests using just a drop of blood. The United States has accused Holmes of knowing that the tests are limited, unreliable, and harmful to patients who depend on them. The prosecutor also said she exaggerated Theranos’ commerce and performance.


Who is who in the Elizabeth Holmes trial

Erin Wu

Erin WuπŸ“ Report from San Jose, California.

Who is who in the Elizabeth Holmes trial

Erin Wu

Erin WuπŸ“ Report from San Jose, California.

Carlos Chabaria of The New York Times

Elizabeth Holmes, the shameful founder of blood testing startup Theranos, is immediately tried for two counts of plots to commit wire fraud and ten counts of wire fraud.

Some of the key figures for the case are shown below β†’

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Ramesh Balwani, known as Sunny, the former president of Theranos, is being tried in another proceeding starting next year. Both Holmes and Barwani pleaded not guilty. Judge Edward Davila of the Federal District Court for the Northern District of California presides over the case.

If convicted, Holmes could face up to 20 years in prison. One of the few Silicon Valley executives He was accused of cheating on going to jail.

The trial limits years of delays and legal disputes, from everything that can use email and discussions to whether Holmes needs to wear a mask while sitting in court. ..

last week, Seven male and five female juries sworn After eliminating many potential juries who have heard of Holmes, experienced domestic violence directly, or had problems with the three-month trial schedule.

Holmes’ lawyer said she could use mental health defenses, claiming that Barwani, who she dated, was emotionally and physically abusive and she did not intend to deceive. Shown. Mr. Balwani denied the accusation. Holmes’ lawyer also shows in court filings that she is likely to run.

In a court document filed over the weekend, prosecutors listed more than 200 potential witnesses, including former Theranos lawyer David Boyes. Henry Kissinger was sitting on the board of directors of Theranos. Former Secretary of Defense and Director of Theranos, James Mattis. And media mogul Rupert Murdoch supported Theranos, Proceedings Beyond that end. Some names were displayed as initials.

Holmes’ lawyer has listed more than 60 witnesses, including several US lawyers in the case. John Carreyrou, a reporter and author of a book about Theranos. William Frist, a former US Senator sitting on Theranos’ board of directors. Holmes.

In another filing, Holmes’ lawyer also called for excluding testimony from three former Theranos employees. One of the witnesses, Erika Cheung, worked in Theranos’ lab and reported blood test issues to federal regulators. Holmes’ lawyer argued that various parts of Chan’s testimony were irrelevant, based on hearsay or not directly related to Holmes.

Holmes’ lawyer also called for excluding testimony from the company’s former project manager, Daniel Edrin, and Theranos’ 11-year owner, Danis Yam.

The prosecution responded with an exhibition supporting Mr. Chan’s claim. On Tuesday, Judge Davila ordered such an exclusion to be “premature” before hearing government questions and debates.

credit…Wolfgang Rattay / Reuters

The Biden administration announced on Tuesday that it would provide $ 700 million in meat packaging, farm and grocery workers to cover some of the financial difficulties faced by essential employees during the pandemic. bottom.

Grants are distributed to state agencies, tribal entities and nonprofits that normally support these workers who are required to work during the most deadly outbreaks of the coronavirus. The group is eligible to receive a grant of up to $ 50 million and can be distributed to workers, especially the “unreachable” community of migrants who often work in meat packaging factories and commercial farms.

The Department of Agriculture said the money could help workers cover pandemic-related costs such as personal protective equipment and addiction care, as well as costs related to quarantine and virus testing. Eligible workers can receive up to $ 600. A grant of at least $ 20 million will be secured for grocery workers.

Secretary of Agriculture Tom Bilsack said in a statement, “Agricultural Secretary, meat packaging and grocery workers will overcome unprecedented challenges and enable Americans to support and sustain their families through pandemics. I am aware that I have taken a significant personal risk because of this. “

Price increases have become a source of concern for consumers and are worried among policy makers who are concerned that sharp price increases will continue. This is one of the main factors that central banks are looking at when deciding when and how quickly monetary policy will return to normal.


The price is going up. Will it continue?

Janna Smiarek

Janna SmiarekBreak down numbers

The price is going up. Will it continue?

Janna Smiarek

Janna SmiarekBreak down numbers

You may have noticed that you are paying more for a lot of things. Inflation is a hot topic, but the question is whether it will continue.

The item with the largest increase may hold the answer β†’

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Most policy makers believe that today’s rapid inflation will decline. But if workers in countries experiencing high inflation today negotiate for higher wages and are steadily accepting higher prices, global price increases can last longer and become more country-specific. There is a risk of having sex. Restoring established inflation may require a response to painful monetary policy, which will probably put the country’s economy in recession.

If inflation declines as policymakers expect, the current burst can actually benefit. Read the article β†’

The opening statement is set to begin with the trial of Elizabeth Holmes in Theranos.

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