Reed Saxon / AP

NantWorks, the genomics and health technology company founded by billionaire doctor Patrick Soon-Shiong, has acquired a majority stake in the management company that operates Verity Health System — a network of six hospitals that predominantly treats the poor and teetered on the brink of bankruptcy a couple years ago. BlueMountain Capital Management, the hedge fund that bought Verity, will maintain a minority interest and put up extra funding.

Why it matters: Soon-Shiong (also a part owner of the Los Angeles Lakers and Tronc newspaper chain) is a controversial character. STAT and Politico recently reported numerous instances of Soon-Shiong overhyping medical claims and potentially engaging in self-dealing.

A NantWorks spokesperson did not say why Soon-Shiong was making this investment, but the news release quotes him as saying he wants to bring "breakthrough treatments and cures." In other words, Verity could be a gateway for the tests and treatments Soon-Shiong's company offers, even though little is known about their costs and efficacy. Soon-Shiong will sit on Verity's board.

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Updated 2 hours ago - Politics & Policy

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Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 a.m. ET: 31,245,797 — Total deaths: 963,693— Total recoveries: 21,394,593Map.
  2. U.S.: Total confirmed cases as of 1 a.m. ET: 6,856,884 — Total deaths: 199,865 — Total recoveries: 2,615,949 — Total tests: 95,841,281Map.
  3. Health: CDC says it mistakenly published guidance about COVID-19 spreading through air.
  4. Media: Conservative blogger who spread COVID-19 misinformation worked for Fauci's agency.
  5. Politics: House Democrats file legislation to fund government through Dec. 11.
  6. World: U.K. upgrades COVID alert level as Europe sees worrying rise in infections — "The Wake-Up Call" warns the West about the consequences of mishandling a pandemic.

Texas and Louisiana face fresh flood threat from Tropical Storm Beta

Tropical Storm Beta slowly approaching the Texas coast on Monday. Photo: National Weather Service/Twitter

Tropical Storm Beta crossed the Texas coast near the southern end of the Matagorda Peninsula late Monday, the National Hurricane Center said, bringing with it the risk of "life-threatening storm surge" and flooding to parts of Texas and Louisiana.

What's happening: Texas Gov. Greg Abbott (R) made a disaster declaration and Louisiana Gov. John Bel Edwards (D) declared a state of emergency, as the states began feeling the impact of the slow-moving storm — which was causing coastal flooding along the bays near Houston and Galveston in Texas, and the Gulf of Mexico Monday, per the National Weather Service.

Louisville police declare state of emergency as Breonna Taylor decision looms

A demonstrator holds up a sign of Breonna Taylor during a protest in Louisville, Kentucky. Photo: Brandon Bell/Getty Images

The Louisville police chief declared in a memo obtained by news outlets a "state of emergency" for the department on Monday to prepare for Kentucky Attorney General Daniel Cameron's expected announcement on the Breonna Taylor case.

Of note: Louisville has witnessed more than 115 days of protests over the police killing of Taylor, an unarmed Black woman, with calls for all the officers involved to be charged.

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