FROM Nick Stockton
Theranos Investigations and Silicon Valley Dealmaking The bad news continues to roll in for Theranos, the Silicon Valley-based blood-testing company that was previously valued at $9 billion. Just a few years ago, the company’s wunderkind C.E.O. Elizabeth Holmes was the subject of glowing media profiles. Today, the company she founded is the subject of a criminal probe by the Justice Department, and is also being investigated by the Securities and Exchange Commission over allegations of fraud. Regulators are also considering banning Holmes from owning or running blood-testing labs for two years. How unique is a probe into a company like this? What do the investigations into Theranos say about deal making in Silicon Valley?
Why Don't Facts Matter? "Fake News" may have a long history, but social media and 21st Century politics have brought it front and center. One reason for its appeal and its power is the tendency of so many people to cling to their beliefs — even when confronted with contradictory evidence. Today, another look at the Emotional States of America.
GOP 'Nukes' the Senate filibuster on SCOTUS nominees Senate Democrats today blocked Judge Neil Gorsuch's appointment to the US Supreme Court… but just for the moment. The Republican majority has changed the rules to force a likely confirmation as soon as tomorrow.
"Tough on crime" rhetoric sees a revival at Sessions' DOJ The pendulum swings between treatment-focused approaches to drug abuse and tough law enforcement. Now, after years of Obama-era "reforms," President Trump’s Attorney General, Jeff Sessions wants local police freed from federal restrictions to fight another "war on drugs."