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n2doc

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Home country: USA
Current location: Georgia
Member since: Tue Feb 10, 2004, 12:08 PM
Number of posts: 43,633

About Me

Environmental Scientist

Journal Archives

Wednesday Toon Roundup 2- The Rest

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Trump Taps Elaine Chao for Transportation Secretary

Source: Daily Beast/AP

President-elect Donald Trump has tapped Elaine Chao to become secretary of transportation, according to multiple reports. Chao served as labor secretary under President George W. Bush and is also married to Senate Majority Leader Mitch McConnell. She met with Trump this month in Trump Tower. Chao was the first Asian-American woman to hold a Cabinet position and also served as a member of the Trump campaign’s Asian Pacific American Advisory Council throughout 2016.

Read more: http://www.thedailybeast.com/cheats/2016/11/29/trump-taps-elaine-chao-for-transportation-secretary.html?via=desktop&source=copyurl



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Newspaper That Brought Down Theranos Learns Owner Is Major Investor

Once upon a time, Theranos was a promising biotech firm—raising $632 million from 2014-2015. In October 2015, everything changed when the Wall Street Journal published the first of its many exposés that revealed the company’s struggle to develop the blood-testing technology it promised. The Journal’s stories ultimately led to the company’s very ugly public unraveling. A new report published on Monday reveals that Rupert Murdoch, the executive chairman of the Wall Street Journal’s parent company, invested $100 million in Theranos shortly before the paper published its first report.

Theranos, which is currently under criminal investigation, acquired much of its funding “from high-profile private investors who weren’t part of the ecosystem that typically backs startups and could see their stakes wiped out by the blood-testing company’s regulatory and technological troubles,” reports the Wall Street Journal.

Communications conglomerate Cox Enterprises also invested $100 million in the company between 2014 and 2015. Walgreens is now suing Theranos for the $140 million it invested.

more
http://gizmodo.com/newspaper-that-brought-down-theranos-learns-owner-is-ma-1789449205

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