Story: Big name investors among Theranos biggest losers
Education Secretary Betsy Devos, media mogul Rupert Murdoch and Walmart heirs in The Walton family were all among a lineup of famous and wealthy investors who lost big in their investments in Silicon Valley blood-testing company Theranos Inc., the Wall Street Journal reported.
In all, more than $600 million in Theranos investments were lost in the downfall of the company. Now, according to the documents publicly released as part of a lawsuit against Theranos, we know how large a hit those investors took. For instance, the Wall Street Journal reported, the Devos family lost an estimated $100 million in their investment while Murdoch lost $125 million and the Walton family lost $150 million.
In March, Theranos founder and CEO Elizabeth Holmes was charged by the Securities and Exchange Commission for running an “elaborate, years-long fraud" to deceive investors.
Dr. Oz named to national council
TV personality and physician Dr. Mehmet Oz has a new national gig after President Donald Trump announced his intent to appoint him to serve on the Council of Sport, Fitness and Nutrition.
The council was created in 1956 to promote initiatives to motivate people to be active and eat healthily.
Announced Friday, the White House included the controversial host of the "Dr. Oz Show" among 20 being appointed to the council including New England Patriots Head Coach Bill Belichick. The news raised eyebrows since Oz has been criticized by other doctors, as well as lawmakers, for promoting medical information that is not backed by science.
Retired professional beach volleyball player Misty May Treanor was among three co-chairs appointed to the council.
Security concerns raised after women shot outside Mount Sinai Hospital
Authorities in Chicago are re-examining security at Mount Sinai Hospital after two women were shot outside the hospital's emergency department while awaiting news about a loved one.
The Chicago Tribune reported the hospital went on lockdown for several hours following the shooting. In March, the hospital put up a fenced area around the emergency department to create a "safe zone" to ensure security screenings, a hospital spokesman told the Tribune. Family members said the women were part of a group that had not been allowed to enter the hospital, the Tribune reported, a fact the hospital disputes.
The shooting came during what was an especially violent week in Chicago when 74 people were shot, Newsweek reported.