Blink Health, a New York-based generic and prescription medication purchasing platform, has raised $90 million in Series B funding led by existing shareholder 8VC.

Why it matters: This is all about lowering drug prices, with Blink using its user scale and platform transparency to negotiate better prices. It has shown substantial traction on from all three user groups (patients, pharmacies and drug-makers), but also has experienced some setbacks, like its recent pull-out from the Walgreens network after failed contract renewal negotiations.

Bottom line: Drug giant Eli Lilly just started using Blink Health this year to give patients discounts on Lilly's insulin drugs. Enrique Conterno, president of Lilly's diabetes division, told me the initial number of Blink Health users was lower than he had expected, but people are still likely to save 40% on their insulin with the program. Lilly views programs like Blink Health as necessary now because people in high-deductible plans are often exposed to the high list prices of drugs.

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4 hours ago - Technology

TikTok to pull out of Hong Kong

Illustration: Aïda Amer/Axios

TikTok said Monday night that it would pull its social video platform out of the Google and Apple app stores in Hong Kong amid a restrictive new law that went into effect last week.

Why it matters: TikTok's move comes as many large tech companies say they are still evaluating how to respond to the Hong Kong law.

7 hours ago - World

Ethiopia's Nobel Peace laureate cracks down on ethnic violence

The image of a Nobel Peace laureate in military fatigues encapsulates the moment in which Ethiopia finds itself — on the verge of a transition to democracy, a descent into violence or, perhaps, a precarious combination of the two.

Driving the news: At least 166 people were killed after an iconic musician, Haacaaluu Hundeessaa, was murdered last Monday in Addis Ababa, the capital. Prime Minister Abiy Ahmed responded to the violence by sending in troops and shutting off the internet. High-profile opposition leaders were arrested, along with some 2,300 others.

Updated 8 hours ago - Health

Atlanta Mayor Keisha Lance Bottoms tests positive for coronavirus

Atlanta Mayor Keisha Lance Bottoms said on Monday that she has tested positive for the coronavirus after displaying no symptoms.

Why it matters: Bottoms, one of several Black women on the shortlist to be Joe Biden's running mate, has risen to national prominence in recent months as part of mass protests over racism and police brutality — driven in part by the killing of Rayshard Brooks by Atlanta police.