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Reuters

Theranos founder Holmes denies misleading Walgreens

SAN JOSE, Calif. (Reuters) -Theranos founder Elizabeth Holmes denied lying to Walgreens about her company’s technology during her fraud trial on Tuesday, offering rationales for withholding key details about operations and internal reports. Holmes took the stand for a third day to defend herself against fraud accusations related to Theranos, a blood testing startup that is now defunct. Jurors in San Jose, California, heard from a prosecutor at the start of the trial that Holmes falsely promised miniaturized blood analyzers to cement a partnership with Walgreens, but then secretly used “the big, clunky third-party machines” to test samples from patients who came into its stores.

Key inflation figure for the Fed up 4.1% year over year, the highest since January 1991

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