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Theranos Founder Elizabeth Holmes' Fraud Convictions Upheld

2 months 3 weeks ago
"Elizabeth Holmes' fraud conviction has been upheld by a federal appellate panel," writes Slashdot reader ClickOnThis. MSNBC reports: A three-judge panel of the 9th U.S. Circuit Court of Appeals on Monday affirmed the convictions, sentences and nine-figure restitution ordered against both Holmes and Theranos president, Ramesh "Sunny" Balwani. [...] Theranos was supposedly going to revolutionize medical laboratory testing with the ability to run fast, accurate and affordable tests with just a drop of blood from a finger prick. "But the vision sold by Holmes and Balwani was nothing more than a mirage," 9th Circuit Judge Jacqueline H. Nguyen wrote (PDF) for the panel, adding that the "grandiose achievements touted by Holmes and Balwani were half-truths and outright lies." Holmes was convicted of crimes related to fraud against investors while the jury acquitted her or hung on other counts. Balwani was convicted on all counts at his trial. The federal panel rejected a slew of arguments from both defendants, including that their trials featured improper testimony from Theranos employees. While the ruling is a major setback for the defendants, they can further appeal to a fuller panel of 9th Circuit judges and the Supreme Court, which generally has broad discretion over whether to accept cases for review.

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Apple promises to spend $500B, hire 20K over 4 years to swerve Trump import tariffs

2 months 3 weeks ago
Sorry, that should read: Boost US manufacturing and R&D, believe in the American people, etc etc

As computer makers grapple with Trump's tariffs, Apple is doubling down on US manufacturing and research-and-development investments, announcing plans to spend $500 billion and hire 20,000 people over the next four years in America to support these efforts.…

Tobias Mann

Dutch Software Firm Bird To Leave Europe Due To Onerous Regulations

2 months 3 weeks ago
An anonymous reader quotes a report from Reuters: Cloud communications software firm Bird, one of the Netherlands' most prominent tech startups, plans to move most of its operations out of Europe, its CEO said, citing restrictive regulations and difficulties hiring skilled technology workers. "We are mostly leaving Europe as it lacks the environment we need to innovate in an AI-first era of technology," CEO Robert Vis told Reuters on Monday. "We foresee that regulations in Europe will block true innovation in a global economy moving extremely fast to AI," he said in a text message response to Reuters queries. Bird's operations in future will be mostly split between New York, Singapore and Dubai, he said. Vis first announced the move abroad in a LinkedIn post over the weekend. Bird, formerly known as Message Bird, was founded in Amsterdam in 2011. It is a competitor of U.S.-based Twilio in the market for helping companies manage their communications with consumers across digital mediums such as messaging, email and video apps. It says it has developed an AI-powered platform that automates and streamlines business operations across entire organizations including tech leaders.

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