Morning Headlines 6/18/18
Elizabeth Holmes indicted on wire fraud charges, steps down from Theranos
The US Attorney indicts Theranos founder and CEO Elizabeth Holmes and former President and COO Sunny Balwani for fraud, charging that as Theranos executives, they knew that the company’s blood testing technology was unreliable and was not competitive with conventional lab testing.
Citing weak demand, IBM Watson Health to scale back hospital business
IBM Watson Health executives tell employees that the company will scale back its hospital pay-for-performance tools business.
UK report warns DeepMind Health could gain ‘excessive monopoly power’
An external review raises red flags over DeepMind Health’s control over NHS data streamed between its real-time, care communication Streams app and future third-party developers.
Walgreens to Move Approximately 1,800 Positions to New Chicago Office
Walgreens will employ 1,800 staffers at a new office in Chicago that will accommodate its expanding Technology Center of Excellence.
Weird that Google can acknowledge its crowdsourced medical advice was wrong, but escape penalties for doing it wantonly at scale.