Danny Moloshok / AP

The stock of cancer testing company NantHealth cratered by more than 23% at the close of Monday to an all-time low of $5.50 a share after an investigation by Rebecca Robbins at STAT found that NantHealth's founder and CEO, Dr. Patrick Soon-Shiong, steered a charitable donation back to his company.

Soon-Shiong gave $12 million to the University of Utah, but a contract required $10 million to be funneled back to NantHealth for genetic testing. Tax experts interviewed by STAT said the deal was at best an "optics problem" and at worst a form of money laundering.

Why this matters: Soon-Shiong, the world's richest physician who has talked with President Trump about being a "health care czar," has been criticized for inflating his own business claims. This report provides damning evidence about the extent of Soon-Shiong's actions to prop up one of his struggling companies.

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Exclusive: Facebook cracks down on political content disguised as local news

Illustration: Eniola Odetunde/Axios

Facebook is rolling out a new policy that will prevent U.S. news publishers with "direct, meaningful ties" to political groups from claiming the news exemption within its political ads authorization process, executives tell Axios.

Why it matters: Since the 2016 election, reporters and researchers have uncovered over 1,200 instances in which political groups use websites disguised as local news outlets to push their point of view to Americans.

19 mins ago - Technology

Nationalism and authoritarianism threaten the internet's universality

Illustration: Aïda Amer/Axios

Governments around the world, prompted by nationalism, authoritarianism and other forces, are threatening the notion of a single, universal computer network — long the defining characteristic of the internet.

The big picture: Most countries want the internet and the economic and cultural benefits that come with it. Increasingly, though, they want to add their own rules — the internet with an asterisk, if you will. The question is just how many local rules you can make before the network's universality disappears.

The Democratic fight to shape Biden's climate policy

Illustration: Sarah Grillo/Axios

Left-wing climate activists don't want Joe Biden getting advice from people with credentials they don't like — and they're increasingly going public with their campaign.

Why it matters: Nobody is confusing Biden with President Trump, and his climate platform goes much further than anything contemplated in the Obama years.