May 6, 2020 - Health

Home health testing startup LetsGetChecked raises $71 million

Illustration: Eniola Odetunde/Axios

LetsGetChecked, an at-home health testing startup, raised $71 million co-led by Illumina Ventures and HLM Venture Partners.

Why it matters: This reflects increased demand for at-home medical services, from consultations to testing, which many investors believe will become a permanent change to consumer and industry behaviors.

Other investors include Deerfield Management, CommonFund Capital, Angeles Investment Advisors, and return backers Transformation Capital, Optum Ventures, and Qiming Venture Partners USA.

The bottom line: "Founded in 2015, LetsGetChecked — which has offices in Dublin and New York City — already provided an array of home-based testing kits, covering sexual health, diabetes, cancer screening, vitamin deficiencies, and more. But back in March, the company announced a new two-part coronavirus test aimed initially at frontline workers." — Paul Sawers, VentureBeat

Go deeper: We're still behind on coronavirus testing

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Biden formally secures Democratic presidential nomination

Joe Biden speaks at Delaware State University's student cente on June 5. Photo: Jim Watson/AFP via Getty Images

Former Vice President Joe Biden became the formal Democratic presidential nominee on Friday evening, per AP.

The big picture: Biden has been the presumptive frontrunner to take on President Trump since Sen. Bernie Sanders suspended his campaign in early April.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 6,724.516 — Total deaths: 394,018 — Total recoveries — 2,996,832Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 1,894,753 — Total deaths: 109,042 — Total recoveries: 491,706 — Total tested: 19,231,444Map.
  3. Public health: WHCA president says White House violated social-distancing guidelines to make reporters "a prop" — Jailing practices contribute to spread.
  4. Sports: How coronavirus could reshuffle the sports calendar.
  5. Jobs: Better-than-expected jobs report boosts stock market.
  6. Media: The Athletic lays off 8% of staff, implements company-wide pay cut.

Scoop: German foreign minister to travel to Israel with warning on annexation

Heiko Maas. Photo: Michael Kappeler/picture alliance via Getty Images

German Foreign Minister Heiko Maas is expected to travel to Israel next week to warn that there will be consequences if Israeli leaders move forward with plans to annex parts of the West Bank, Israeli officials and European diplomats tell me.

Why it matters: Israeli and European officials agree that if Israel goes ahead with unilateral annexation, the EU will respond with sanctions.