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Theranos

At least two former members of Theranos's board of directors didn't look into the blood-testing company's technology, even after news reports raised raised significant questions, According to newly unsealed court documents obtained by the Wall Street Journal.

Former U.S. Navy Adm. Gary Roughead and former U.S. Secretary of State George Shultz said in March depositions that they believed Theranos was performing all of its tests using proprietary technology. The depositions were part of a lawsuit by Theranos investor Partner Fund Management, which was settled on May 1. As of March 20, the company hadn't commissioned an outside probe into allegations about Theranos's technology and that it misled investors.

Why it matters: The depositions support criticism that Theranos didn't have enough medical experts on its original board, something unusual for a company developing blood-testing technology (though it later added a medical advisory board). It also raises questions about whether Theranos's board fully performed its duties to keep the company in check.

Go deeper

Obama stumps for McAuliffe, urges Virginians not "to go back to the chaos"

Photo: Win McNamee/Getty Images

Former President Barack Obama framed a Nov. 2 gubernatorial race as a bellwether for the Democratic Party and the country, telling a crowd at a campaign event for Terry McAuliffe on Saturday that "I believe you, right here in Virginia, are going to show the rest of the country and the world that we're not going to indulge in our worst instincts."

Why it matters: With just over a week to go before Election Day in the Commonwealth, McAuliffe is bringing out the big guns. The 44th president appeared on the campus of Virginia Commonwealth University to urge supporters to get to the polls.

Bryan Walsh, author of Future
3 hours ago - Politics & Policy

Axios AM Deep Dive: America’s murder surge

Photo illustration: Sarah Grillo/Axios. Photo: Erik McGregor/LightRocket via Getty Images

Homicides rose at the fastest rate in at least six decades last year. This Axios AM Deep Dive, led by Future correspondent Bryan Walsh, looks at the state of gun crime.

7 hours ago - Politics & Policy

Senate Democrats target billionaires

Illustration: Annelise Capossela/Axios

After failing to get a deal on other planned tax increases, key Senate Democrats are pivoting to a billionaires' income tax to pay for President Biden's social spending.

The big picture: No advanced economy has attempted anything similar on such a scale.