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Transcripts For BBCNEWS Newsday 20240709

and our seoul correspondent takes the g force test to fly fighter jets as she reports on south korea s defence spending spree. they are still officially at war with north korea. there have been increasing air incursions over the country. live from our studio in singapore, this is bbc world news singapore, this is bbc world news. it s newsday. welcome to bbc news broadcasting to viewers in the uk and around the world. let s start with a story that s been breaking in the past half hour. a usjury has found elizabeth holmes, the founder of blood testing start up company theranos, guilty of conspiring to defraud investors. prosecutors said holmes swindled private investors by convincing them that theranos small machines could run a range of tests with a few drops of blood from a finger prick. we ll take a closer look at the details of the verdict in a moment, but first our north america tech reporter james clayton on how theranos was founded. we like to see a world in which

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Transcripts for BBCNEWS Newsday 20220104 01:03:00

Four headquarters of theranos. plush, expensive and in the heart of silicon valley. and the great and the good came to visit theranos. evenjoe biden came to california and heaped praise upon the company. success seemed inevitable. this is my certificate success seemed inevitable. this is my certificate for success seemed inevitable. ti 3 is my certificate for theranos showing my shares and it was signed by elizabeth holmes. so it is a bit of history? it - it is a bit of history? it reall it is a bit of history? it really is. a sad bit of history but history nevertheless. this woman was but history nevertheless. this woman was a but history nevertheless. this woman was a secretary - but history nevertheless. this woman was a secretary in silicon valley. she heard about the amazing new company. my boss had the amazing new company. m boss had indicated that the amazing new company. mg boss had indicated that it was going to be in his words the next apple and i should get as many s

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Transcripts for BBCNEWS Newsday 20220104 01:07:00

Patients. what is being made of that? ~ ., , , that? well, that is interesting and we are that? well, that is interesting and we are getting that? well, that is interesting and we are getting into - that? well, that is interesting and we are getting into the i and we are getting into the detail now and you are absolutely right. it seems that the jury have come down on the guilty side as it applies to those investors and it has got to be said that during the entire course of this trial that i have not heard much sympathy for investors who perhaps have been throwing millions of dollars at this company without perhaps asking those very detailed questions about is the technology working? perhaps there is more sympathy for the individuals, the patients who were given spurious results and in one case a hiv test that was not positive as it had been indicated. clearly, thejurors for long and hard about this as to whether elizabeth holmes personally was responsible for those incorrect tests

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Transcripts for BBCNEWS Newsday 20220104 01:04:00

Idea. elizabeth was in stealth mode so that idea. elizabeth was in stealth mode so that we idea. elizabeth was in stealth mode so that we had - idea. elizabeth was in stealth mode so that we had no - idea. elizabeth was in stealth mode so that we had no idea| mode so that we had no idea whether it was going well on the brink of collapse. the retail giant the brink of collapse. the retail giant walgreens had a contract with theranos to diagnose patients with it machines. the court heard that theranos was not using its edison machines was instead using openly available diagnostic equipment. the court also heard that some patients had been misdiagnosed. l also heard that some patients had been misdiagnosed. i resent that somebody had been misdiagnosed. i resent that somebody would had been misdiagnosed. i resent that somebody would make - had been misdiagnosed. i resent that somebody would make such had been misdiagnosed. i resent. that somebody would make such a massive fraud,

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Transcripts for BBCNEWS Newsday 20220104 01:02:00

Elizabeth holmes, the founder of blood testing start up company theranos, guilty of conspiring to defraud investors. prosecutors said holmes swindled private investors by convincing them that theranos small machines could run a range of tests with a few drops of blood from a finger prick. we ll take a closer look at the details of the verdict in a moment, but first our north america tech reporter james clayton on how theranos was founded. we like to see a world in which every person gets access to this type of basic testing. elizabeth holmes had a vision that turned her into a billionaire. that she could create a machine that she called the edison that could detect hundreds of diseases with just a few drops of blood. the pitch convinced some very important people. rupert murdoch invested, bill clinton was a fan. behind me are the

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