FDA nixes Theranos Zika test; Is *your* tweet worth $30,000? And more news.
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Theranos withdrew a request for emergency clearance of its Zika blood test after FDA regulators found that the health startup didn’t include patient safeguards in a study of the test. “We hope that our decision to withdraw the Zika submission voluntarily is further evidence of our commitment to engage positively with the agency,†Theranos’s Dave Wurtz told the Wall Street Journal. The Zika test utilizes Theranos’s recently-announced miniLab, a tool that, if approved by the FDA, would offer the company a new revenue source and help it get around Elizabeth Holmes’s two-year ban from owning or running a laboratory. Theranos plans to implement the safety protocols and resubmit the Zika test application.
The first-ever scheduled passenger jet service from the US to Cuba is set to depart this morning. The last time a US airline flew a regularly scheduled flight to Cuba — more than fifty years ago — they used propeller planes. JetBlue will be the first airline to launch a Cuba route, but Silver Airways begins this Thursday and American Airlines kicks off September 7th.
Getting homey at Google: Google is absorbing part of Nest's team “in order to create a unified Internet of things platform,†Fortune reports. The combined group will work on smart home efforts, particularly Amazon Echo competitor Google Home, which was announced at the I/O developer conference back in May. The reorg also takes financial pressure off Nest: with the new team on Google’s payroll, this year’s “signs of strain†may disappear.
Twitter killed the YouTube star? Twitter will start selling ads alongside video content and will give those content creators a big chunk of the revenue: a whopping 70%, compared to the 55% of revenue YouTube gives back to its video stars. “Twitter wants the kind of video creators YouTube has — and the massive audiences that come with them,†notes Recode.
Speaking of Internet stars, those social media endorsements don’t come cheap — if you have heaps of followers on Instagram, YouTube, Snapchat, Twitter, or elsewhere, you can rake thousands of dollars per post. Writes the New York Times: “Someone with three million to seven million followers can charge, on average, $187,500 for a post on YouTube, $75,000 for a post on Instagram or Snapchat and $30,000 for a post on Twitter. For influencers with 50,000 to 500,000 followers, the average is $2,500 for YouTube, $1,000 for Instagram or Snapchat and $400 for Twitter.†These posts will now also increasingly contain hashtags like #ad or #sponsored, as the FTC tries to crack down on paid social endorsements.
A former Monsanto exec who alerted the SEC to improper accounting just got $22 millionas part of the regulator’s whistleblower program. The payout is tied to Monsanto’s $80 million settlement back in February, following allegations that the company had misstated earnings related to its Roundup product. This is the second-biggest payout in the SEC’s whistleblower program since it began in 2011; the program has awarded more than $100 million and received more than 14,000 tips.
Cover Photo: Elizabeth Holmes attends the Forbes Under 30 Summit at Pennsylvania Convention Center on October 5, 2015 in Philadelphia, Pennsylvania. (Photo by Gilbert Carrasquillo/Getty Images)
z00197100z@OUTLOOK.COM
8 å¹´lol
"We hope that our decision to withdraw the Zika submission voluntarily is further evidence of our commitment to engage positively with the agency" Really? You didn't think of engaging the FDA as you designed the trial in the first place?
Director at Fluid Dynamics Testing LLC
8 å¹´Simply amazing.
CEO at Poiesis Medical
8 å¹´May I ask a real question why is she still running this company? Seriously has she not hurt the industry enough already, shame shame on her Board, VCs, Toby Cosgrove, Walgreens, and the many others who failed in fact checking before endorsing.
freelance
8 å¹´https://www.thwglobal.com/VideoCenter/Watch?videoId=3819