Apr 21, 2017

Theranos accused of faking tech demos to investors

Theranos

Theranos allegedly bought outside lab equipment via a secret shell company and ran "fake demonstration tests" for potential investors and partners, according to a recently unsealed lawsuit by one of its investors, Partner Fund Management, obtained by the Wall Street Journal.

Why it matters: Since the Journal published a series of reports in 2015 questioning Theranos' technology, the company has accused the media of maliciously attacking its efforts to improve medicine. Now, depositions of current and former employees and directors could shed even more light on the company's secretive practices. Theranos says is disagrees with the allegations raised in the "one-sided filing by one party to litigation."

What to watch: Last week, a judge blocked a deal Theranos sought to make with investors in exchange for not being sued. Partner Fund, who sued to have the deal blocked, says that its terms would make it hard for the firm to recover its investment in the event of a bankruptcy. A hearing is scheduled for May.

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NASCAR driver Ryan Newman hospitalized after fiery Daytona 500 crash

Ryan Newman, driver of the #6 Koch Industries Ford, crashes and flips during the NASCAR Cup Series 62nd Annual Daytona 500 at Daytona International Speedway in Daytona Beach, Florida, on Monday. Photo: Jared C. Tilton/Getty Images

Racing driver Ryan Newman was hospitalized in a serious condition with non-life threatening injuries after his car crashed at the Daytona 500 on Monday, NASCAR said in a statement.

The big picture: The 42-year-old was leading the final lap of the race, won by Denny Hamlin, when his car flipped in the fiery crash. President Trump tweeted after the crash, "Praying for Ryan Newman, a great and brave @NASCARdriver!"

Go deeper: Trump takes presidential limousine for lap at Daytona 500

Bolton indicates more Ukraine details if book prevails WH "censorship"

Former National Security Adviser John Bolton on stage at Duke University in Durham, North Carolina, on Monday. Photo: Melissa Sue Gerrits/Getty Images

Former National Security Adviser John Bolton said during a talk at Duke University in Durham, North Carolina he hopes his new book is "not suppressed" by the White House, according to journalists present in the room.

This is an effort to write history and I did it the best I can. We'll have to see what comes out of the censorship."
Bolton's comments, per Bloomberg and the New York Times

There are warning signs that Nevada could be Iowa all over again

Former Sen. Harry Reid (D) lines up to cast an early vote for the upcoming Nevada Democratic presidential caucus. Photo: Ethan Miller/Getty Images

The alarms are increasingly sounding over Nevada's Democratic caucus, which is just five days away.

Why it matters: Similar issues to the ones that plagued Iowa's caucus seem to be rearing their ugly heads, the WashPost reports.