Elizabeth Holmes, Theranos CEO. Photo: David Orrell/CNBC/NBCU Photo Bank via Getty Images

A federal judge has ruled that investors in Theranos Inc. who say the company coerced them into investing in the company for a non-existing blood testing technology can't pursue their class action claims, Reuters reports.

Why it matters: It's not looking good for investors who could gain more from filing lawsuits against Theranos CEO Elizabeth Holmes and former COO Ramesh "Sunny" Balwani, adds Reuters. More than 200 people joined in filing the proposed class action, all of whom "invested in funds between July 29, 2013, and Oct. 5, 2016, for the purpose of buying shares in Theranos, once a star of Silicon Valley."

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Updated 13 mins ago - Health

5 states set single-day coronavirus case records last week

Data: Compiled by Axios; Map: Danielle Alberti/Axios

Five states set new highs last week for coronavirus infections recorded in a single day, according to the COVID Tracking Project and state health departments. Only one state — North Dakota — surpassed a record set the previous week.

Why it matters: This is the lowest number of states to see dramatic single-day increases since Axios began tracking weekly highs in June, and marks a continued decrease from late July.

California judge orders Uber, Lyft to reclassify drivers as employees

Photo: ROBYN BECK/AFP via Getty Images

Uber and Lyft must reclassify their California drivers as employees under a preliminary injunction granted Monday by a San Francisco judge.

Why it matters: The ride-hailing companies, along with other gig economy firms, are resisting classifying their drivers as employees, which labor advocates say would give the workers greater benefits and rights. A new California law codified stricter requirements before companies can classify workers as contractors.

47 mins ago - Health

The winter from hell

Photo: Stan Grossfeld/The Boston Globe via Getty Images

The hope and promise of May is gone, replaced by the realization that America is in for another miserable year of COVID-19.

Why it matters: Another winter — and another flu season — is on the way as the U.S. engages in a whack-a-mole strategy that slows down the virus in one region, but sees it flaring up in another.