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Former Defense Secretary James Mattis invested $85,000 in Theranos and let Elizabeth Holmes take his blood

By Sara Ashley O’Brien and Rishi Iyengar, CNN Business James Mattis, the former US Secretary of Defense and onetime Theranos board member, recounted how he lost confidence in the failed blood-testing startup during his testimony Wednesday in the criminal trial of the company’s founder and former CEO Elizabeth Holmes. Mattis, in a San Jose federal

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They took a stand against Amazon for their drivers. They say it cost them their businesses

By Matt McFarland, CNN Business Ryan Schmutzer and Tracy Bloemer, owners of businesses that deliver packages for Amazon in Portland, Oregon, hit their breaking point this spring. Both had run technically independent businesses since 2019 that usually rent vans owned by Amazon, and are paid by Amazon to deliver its packages. The businesses are called

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Elizabeth Holmes moved ahead with Walgreens rollout despite internal concerns, former Theranos scientist testifies

By Sara Ashley O’Brien, CNN Business A longtime Theranos scientist depicted Elizabeth Holmes as prioritizing a business partnership over the possible well-being of patients in testimony capping off the first full week of witnesses taking the stand in the criminal trial of the disgraced founder. The witness, Surekha Gangakhedkar, a scientist who worked for Theranos

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A startup says its software can spot racial bias within companies. Will this surveillance scare employees?

By Rachel Metz, CNN Business Employees at Telhio Credit Union are already used to having their internal communications monitored to ensure compliance with US financial rules. But Telhio, which is based in Columbus, Ohio, and has over 250 employees, recently began watching for something else, too: indications of unconscious and overt bias in emails, texts,

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Elon Musk takes shots at Joe Biden after SpaceX sends civilians to space

By Chris Isidore, CNN Business Elon Musk mocked President Joe Biden over the weekend after Saturday’s successful splashdown of SpaceX’s Inspiration4 flight carried four tourists on a three-day orbital mission. When someone asked Musk on Twitter why Biden hadn’t acknowledged the accomplishment, the SpaceX and Tesla CEO offered some choice words. “He’s still sleeping,” Musk

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Former Theranos lab worker details concerns about company’s ability to conduct blood tests

By Sara Ashley O’Brien, CNN Business Erika Cheung, a former Theranos lab worker turned whistleblower, testified Wednesday during the trial of founder Elizabeth Holmes about how she grew increasingly uncomfortable about the startup’s ability to accurately conduct blood tests on patients. In her testimony, Cheung detailed her growing concerns about the company’s devices failing quality

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SpaceX launches four people to orbit in company’s first-ever tourism mission

By Jackie Wattles, CNN Business A SpaceX rocket soared into orbit Wednesday evening, carrying four people — none of whom are professional astronauts — and kicking off the first-ever mission to Earth’s orbit crewed entirely by tourists. The launch pad at NASA’s Kennedy Space Center in Florida was dramatically illuminated with spotlights against the night

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Instagram says it’s working on body image issue after report details ‘toxic’ effect on teen girls

By Charles Riley, CNN Business Instagram says it’s looking at new ways to discourage users from focusing on their physical appearance after The Wall Street Journal revealed that Facebook researchers have repeatedly found that the photo-sharing platform is toxic for teen girls. The newspaper reported on Tuesday that researchers at Facebook, which purchased Instagram in

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Former Theranos employee describes being starstruck by Elizabeth Holmes, quickly growing concerned over startup’s capabilities

By Sara Ashley O’Brien, CNN Business The criminal trial of Theranos founder and former CEO Elizabeth Holmes resumed Tuesday with the first full day of witness testimony. Two former employees, including Erika Cheung, who reported the company to regulators in 2015, took the stand. Cheung, a lab worker, joined Theranos in 2013 out of undergrad

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Activision Blizzard employees accuse company of unfair labor practices

By Rishi Iyengar, CNN Business Activision Blizzard employees have filed a complaint accusing the gaming company of unfair labor practices, alleging that it unlawfully cracked down on their organizing efforts that took place in the wake of widespread harassment and discrimination allegations. The California-based gaming company “threatened employees that they cannot talk about or communicate

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