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Oregon fined Zoom $285,000 for misstating its finances. Photo: Zoom

Oregon has fined Zoom, a health care startup funded with venture capital, and its two co-founders $285,000 for violating insurance rules and misstating finances.

The key phrase: Oregon "agreed to not investigate whether or not the misstatement on the filing was intentional." Our previous reporting, based on interviews with former Zoom employees, indicated Zoom knowingly falsified numbers to avoid paying into an Affordable Care Act program called risk adjustment and knew it would affect its cash reserve.

One former employee, when asked about the fine and settlement, reiterated that Zoom's actions were "absolutely intentional." Zoom did not respond to a request for comment. It's unclear whether the federal government will take any action.

Go deeper

Justice Department asks Supreme Court to block Texas abortion ban

Abortion rights activists rally at the Texas State Capitol on Sept. 11, 2021, in Austin, Texas. Photo: Jordan Vonderhaar/Getty Images

The Justice Department on Monday asked the Supreme Court to temporarily block Texas' near-total ban on abortions while federal courts consider its constitutionality.

The big picture: The court last month allowed the ban to take effect, rejecting an emergency application by abortion-rights groups. The law bars the procedure after cardiac activity is detected, as early as six weeks into pregnancy.

Updated 36 mins ago - Health

This arthritis drug cost $198 in 2008. Now it's more than $10,000

Illustration: Aïda Amer/Axios

In 2008, a box of 30 anti-inflammatory rectal suppositories that treats arthritis, called Indocin, had a price tag of $198. As of Oct. 1, the price of that same box was 52 times higher, totaling $10,350.

Why it matters: As federal lawmakers continue to waver on drug price reforms, Indocin is another example of how nothing prevents drug companies from hiking prices at will and selling them within a broken supply chain.

Fintech's record year

Illustration: Annelise Capossela/Axios

Massive venture rounds into fintech companies have ballooned this year, pushing up total dollars invested — in just the first three quarters of 2021 — to nearly double the amount in all of 2020, per new PitchBook data.

Why it matters: The maturing of fintech startups means a growing number of companies are able to raise huge later-stage funding rounds as investors look to lock-in their bets.