Few issues have captured the general public’s creativeness lately just like the saga of Elizabeth Holmes, the founding father of the defunct blood-testing firm Theranos.
The downfall of Holmes, a Stanford dropout and Silicon Valley darling, spawned not solely wall-to-wall information protection, but additionally a documentary, a guide, a podcast and even a mini-series primarily based on that podcast. Her story provides one thing for everybody: clueless bigwig buyers, wild false guarantees, black turtlenecks and — let’s be actual — greater than a small dose of schadenfreude.
This morning, the drama is ready to proceed with opening statements in Holmes’s trial in federal courtroom in San Jose, my colleague Erin Griffith stories. Holmes has pleaded not responsible and would face up to 20 years in jail if convicted.
Here’s what you want to know:
So, remind me what occurred?
Holmes began Theranos in 2003, when she was 19. The firm was primarily based in Palo Alto and promised to revolutionize well being care by detecting ailments utilizing a single drop of blood from a finger prick. At one level, it was valued at $9 billion.
But Holmes’s empire got here tumbling down after a Wall Street Journal investigation in 2015 raised questions on whether or not Theranos’s know-how truly labored. (It didn’t.)
In 2018, Theranos was dissolved. That identical 12 months, Holmes and Theranos’s former president, Ramesh Balwani, had been indicted on fees of defrauding buyers out of hundreds of thousands of dollars in addition to deceiving lots of of sufferers and docs.
What is Holmes charged with?
Holmes has been charged with 12 counts of wire fraud and conspiracy to commit wire fraud. She has been accused of understanding that Theranos blood checks had been unreliable, of harming sufferers who relied on them and of overstating the corporate’s enterprise offers and efficiency.
Who is on the jury?
The jury consists of seven males and 5 ladies who dwell in Northern California. There are additionally 5 alternates.
The group was chosen final week from a pool of 200 potential jurors. As you may think about, discovering individuals who had by no means heard of Theranos posed a problem.
Read extra from my colleagues about how the jury was chosen.
How lengthy will the trial final?
The trial is predicted to take not less than 13 weeks.
ImageDefense attorneys wheeling paperwork into the courthouse.Credit…Jim Wilson/The New York Times
What will we learn about Holmes’s protection?
Though Holmes and Balwani had been indicted collectively, a choose final 12 months agreed to attempt them individually, my colleagues Erin Griffith and Erin Woo report. Balwani’s trial will start early subsequent 12 months.
The transfer to separate their instances permits the pair to blame one another with no skill for the opposite to reply, authorized specialists say.
Holmes’s attorneys have indicated that she is probably going to argue that she was abused and managed by Balwani, her enterprise accomplice whom she additionally dated. In sealed courtroom filings made public final month, Holmes stated her relationship with Balwani had a “pattern of abuse and coercive control.”
Holmes’s attorneys may argue that she didn’t know in regards to the issues with Theranos’s blood-testing units and was merely the start-up’s public face, whereas Balwani and others dealt with the know-how.
As my colleagues wrote, “The central question will be whether Ms. Holmes was a deceptive schemer driven by greed and power, or a naïf who believed her own lies and was manipulated by Mr. Balwani.”
Who will testify?
Patients who had been wrongly recognized by Theranos checks are set to testify towards Holmes, together with some who had been instructed they had been H.I.V. optimistic and a pregnant lady who was instructed she had miscarried, reported NPR.
The potential witness record names Holmes herself in addition to 200 others, together with:
John Carreyrou, a former Wall Street Journal reporter who broke the Theranos story
Rupert Murdoch, a media mogul who invested within the start-up
David Boies, a former Theranos lawyer
Henry Kissinger, a former secretary of state who sat on Theranos’s board
Jim Mattis, a former protection secretary who was additionally on Theranos’s board
Can I watch a livestream of the trial?
As far as we all know, the trial received’t be streamed on-line. The viewers might be restricted to individuals within the courthouse.
But The Times might be publishing common updates and you’ll comply with alongside on Twitter with Erin Griffith (@eringriffith) and Erin Woo (@erinkwoo), Times reporters who might be within the courthouse over the subsequent a number of weeks.
Holmes resides on the grounds of a $135 million Silicon Valley property throughout the trial, CNBC reported on Tuesday.
Behind the spectacle of the trial is the truth that prison prosecutions in Silicon Valley are uncommon. Read extra from my colleague David Streitfeld.
Female entrepreneurs say they’re always and unfairly in contrast to Holmes. Read extra from The Times on Holmes’s lengthy shadow in Silicon Valley.
ImageLarry Elder, the main Republican candidate for governor, held a marketing campaign rally in Thousand Oaks on Monday.Credit…Jenna Schoenefeld for The New York Times
The recall, T-minus six days
The election to resolve whether or not to recall Gov. Gavin Newsom is in lower than per week. I’ll be maintaining you up to date with the newest within the publication each day.
First, I’d advocate this vital article from my colleagues Jenny Medina and Jill Cowan on Latinos in California, who’ve propelled Democratic victories right here for many years however now seem to be ambivalent in regards to the prospect of Newsom being ousted.
In addition, Davey Alba, a Times know-how reporter, tackled some rumors which might be going viral forward of the election. This article answered a query I’d had: Why is there a gap in my poll envelope?
And lastly, The Times has solutions to your incessantly requested recall questions.
Tell us what else you need to know in regards to the recall. Email your questions to [email protected]
ImageRafael Reis and Will Dogan stated they discovered the shopping for course of within the Bay Area “hard and weird and super stressful.”Credit…Jim Wilson/The New York Times
The remainder of the information
Bidding wars in Berkeley: The housing market has roared again to life throughout the nation, however nowhere else in America do houses promote for extra over the listed value than in Berkeley, the place 80 % of houses promote above the listed value. More from The Times.
Possible energy outages: Californians have been requested to scale back their energy utilization at the moment between four p.m. and 9 p.m. to keep away from rolling blackouts as above-average temperatures threaten the state’s electrical grid, stories KTLA 5.
Women in workplace: Women make up almost a 3rd of the State Legislature, which is a document, stories The Associated Press.
Dixie hearth: The hearth that has burned greater than 917,000 acres is effectively on its manner to turning into the most important in California historical past, stories CNN.
Unemployment advantages finish: About 2.2 million Californians misplaced their unemployment insurance coverage advantages over the weekend, stories CalIssues.
Campaigning for Newsom: President Biden and Vice President Kamala Harris are headed to California to assist Newsom’s effort to squash the recall, SFist stories.
New Medi-Cal program: Over the subsequent 5 years, California will spend $6 billion in state and federal cash to attempt to present a slate of social providers to the neediest Medi-Cal beneficiaries, together with safety deposits and deliveries of vegatables and fruits, stories The Los Angeles Times.
Reduced bail regulation: A brand new battle is brewing within the State Legislature over another plan that will slash the quantity arrestees should pay to get out of jail, in accordance to The Los Angeles Times.
Printer toner fraud: The authorities say Gilbert Michaels, of West Los Angeles, preyed on tens of 1000’s of small companies and charities by overcharging them for printer toner they didn’t want. On Friday, Michaels was sentenced in U.S. District Court in Orange County to 4 years in federal jail.
Overdose deaths: Three individuals died over the weekend in Venice after reportedly overdosing on fentanyl-laced cocaine. Those killed included the native standup comics Fuquan Johnson and Enrico Colangeli, reported CBSLA.
Slow rollout of rental help: Six months after receiving $42 million for an emergency rental help program, Fresno has distributed solely about $9.5 million to tenants and landlords, The Fresno Bee stories.
Substitute scarcity: School directors in Kern County say a shallow pool of substitute academics has made the return to lecture rooms a wrestle, in accordance to The Bakersfield Californian.
Caldor hearth: The large blaze close to the Lake Tahoe resort area was almost half contained on Tuesday and leaders of the firefighting military battling it had been more and more optimistic of their outlook, The Associated Press stories. Plus, obligatory evacuation orders have been lifted for South Lake Tahoe, stories The Guardian.
Reduced lunchtime: In Windsor in Sonoma County, faculty officers have taken an uncommon strategy to decreasing the variety of college students who want to be despatched house due to publicity to the coronavirus.
Since college students have to be despatched house if they’re in shut, unmasked contact with an contaminated particular person for 15 minutes or extra, Windsor has diminished pupil lunch breaks to 14 minutes, The Press Democrat stories.
Main Street reopens: Pleasanton had closed off Main Street to vehicles for nearly 5 months in response to the Covid-19 pandemic, a transfer that has benefited eating places however not different companies. On Tuesday, the road reopened to car visitors and introduced combined emotions, NBC Bay Area stories.
PictureCredit…Joel Goldberg for The New York Times
What we’re consuming
This Southern-inspired tossed salad contrasts bitter greens with plump peaches, piquant blue cheese and crispy cornbread crumbs.
PictureCredit…Graham Walzer for The New York Times
Where we’re touring
The Times’s Travel part recommends 36 hours in Santa Barbara County, a spot that “could be a commercial for the California good life.”
And earlier than you go, some excellent news
Hundreds of swimmers dove into 65-degree water on Monday throughout the annual Oceanside Pier Swim, a Labor Day custom in San Diego County.
The race, which was canceled final 12 months due to the pandemic, drew not less than 400 opponents, essentially the most in its 92-year historical past, stories The San Diego Union-Tribune.
The first particular person to full the one-mile course across the Oceanside pier this 12 months was Miko Baron, 15.
“The water was a bit chilly,” Baron instructed the newspaper, as she drip-dried in a yellow bathing swimsuit. “I think that made me go faster because I wanted to get out of the water quickly.”
Thanks for studying. I’ll be again tomorrow. — Soumya
P.S. Here’s at the moment’s Mini Crossword, and a clue: Word after second, Sunday or Seattle’s (four letters).
Steven Moity and Briana Scalia contributed to California Today. You can attain the staff at [email protected]
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