Aug 1, 2017

Theranos settles with Walgreens

Photo of Elizabeth Holmes, the founder and CEO of Theranos. (Jeff Chiu / AP)

Theranos, Inc. has reached a confidential settlement with Walgreens, who will dismiss their lawsuit, according to Theranos' statement. The biotech company has faced a slew of lawsuits after the WSJ reported that it had used fake technology in demonstrations for clients and investors.

The biotech company has already reached agreements with federal regulators and Partner Fund Management.

Why it matters: Theranos has been embroiled in lawsuits over the past couple of years after a series of WSJ reports raised questions about its technology and claims. Theranos had a big partnership with Walgreens, but the latter since terminated that and then sued Theranos for breach of contract

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U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

Virginia Gov. Ralph Northam announced plans Tuesday to make wearing face coverings mandatory statewide for most people over the age of 10 when inside public places like retailers, on public transportation and government buildings. He announced the measure, effective Friday, as coronavirus case numbers increased to 39,342.

By the numbers: More than 98,900 people have died from COVID-19 and over 1.6 million have tested positive in the U.S. Over 384,900 Americans have recovered and more than 14.9 million tests have been conducted.

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World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

Japan is preparing a second coronavirus stimulus package worth $1.1 trillion, or about 40% of the country's gross domestic product, Reuters first reported Tuesday night.

Zoom in: The new measure will be funded by government bonds and will include "a raft of loan guarantees and private sector contributions," per Bloomberg.

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Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 1:00 a.m. ET: 5,591,067 — Total deaths: 350,458 — Total recoveries — 2,287,152 — Map.
  2. U.S.: Total confirmed cases as of 1:00 a.m. ET: 1,681,212 — Total deaths: 98,916 — Total recoveries: 384,902 — Total tested: 14,907,041 — Map.
  3. Federal response: DOJ investigates meatpacking industry over soaring beef prices — Mike Pence's press secretary returns to work.
  4. Congress: House Republicans to sue Nancy Pelosi in effort to block proxy voting.
  5. Business: How the new workplace could leave parents behind.
  6. Tech: Twitter fact-checks Trump's tweets about mail-in voting for first time — Google to open offices July 6 for 10% of workers.
  7. Public health: Coronavirus antibodies could give "short-term immunity," CDC says, but more data is needed— CDC releases guidance on when you can be around others after contracting the virus.
  8. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagious — Masks, lending books and self-isolating — Exercise, laundry, what counts as soap — Pets, moving and personal health — Answers about the virus from Axios experts — What to know about social distancing — How to minimize your risk.
  9. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 37 mins ago - Politics & Policy