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Theranos CEO Elizabeth Holmes is banned from running medical labs

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Theranos founder Elizabeth Holmes, shown in November, has been banned from owning or operating a medical laboratory for two years. (Jeff Chiu/Associated Press)

Theranos founder Elizabeth Holmes, shown in November, has been banned from owning or operating a medical laboratory for two years. (Jeff Chiu/Associated Press)

SAN FRANCISCO (Diya TV) — The blood-testing start-up Theranos has been dealt a crushing blow: Federal regulators banned its founder and Chief Executive Elizabeth Holmes from owning or running a medical laboratory for two years.

The sanctions, announced Thursday by the company, followed an investigation by government testing regulators which lasted months at the Centers for Medicare and Medicaid Services. Theranos, which was reportedly worth $9 billion just two years ago, is the latest much-hyped Silicon Valley firm to stumble while trying to enter the healthcare field.

Medicare officials first proposed the sanctions in March, which include revoking the license of the company’s Newark, Calif., laboratory and barring Holmes from owning or operating a similar facility for at least two years.

Government inspectors uncovered a multitude of violations of federal testing standards at the company’s site. The investigation ultimately began after a series of articles in the Wall Street Journal, reports in which former employees said the company’s tests were unreliable.

Holmes said in a statement that she’s disappointed with the decision by regulators, but that the company accepts “full responsibility for the issues.” The 32-year-old Holmes started Theranos in 2003, pitching the company’s technology as a cheaper and more efficient way to run dozens of blood tests. The company plans on continuing to offer its services through its second lab in Scottsdale, Ariz.

Holmes, once considered to be the nation’s youngest female billionaire, said she was inspired to start the company in response to her personal fear of needles. Theranos raised millions in start-up funding by promoting its tests as costing a “fraction” of what other labs charge.

However, in April, Theranos disclosed it was under investigation or inspection by multiple government regulators, including the Securities Exchange Commission and the U.S. attorney’s office for the Northern District of California. Last month, the nation’s largest drugstore chain, Walgreens, cut ties with the company, closing all 40 of its Theranos wellness centers.

In the company’s statement, Theranos said the sanctions from Medicare would not take effect for 60 days, but testing has already been suspended at its Newark facility. The government further revoked the company’s ability to receive Medicare and Medicaid payments related to blood work.

It’s not the first time a Silicon Valley start-up has run afoul with Washington regulators.

Previously, 23andMe Inc., a Google-backed DNA testing company, was forced to stop selling its personalized health reports after the Food and Drug Administration said the tests fell under federal testing laws. The company had promoted more than 250 test reports that purported to tell users if they were likely to develop diseases such as Alzheimer’s and Parkinson’s.

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Harvard to host 17th annual India Conference this February

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CAMBRIDGE, Mass. (Diya TV) — For the 17th year in a row, the graduate students at Harvard University will host an India Conference. It will take place during the weekend of February 15-16, 2020. Two days of exciting discussions through panels, mixers and networking will fill the halls of the Harvard Business School and Kennedy School of Government.

The theme for this year’s conference is Foresight 20/20 – a look at what to expect from India in 2020 and beyond. As one of the largest student led conferences in the USA, the Harvard India conference attracts the biggest headliners from every field – from politics, business, entertainment & the arts. And this year is no different.

India Conference
India Conference at Harvard

With more than 100 speakers and 1000 attendees, the conference promises to have something for everyone. This year’s biggest draw from the entertainment genre is veteran Bollywood actor and self proclaimed ambassador to India, Anupam Kher. Kher has a long standing list of accolades within the film industry. In addition to his acting roles, he has been a producer, director and teacher at his own acting school. Most recently he played the role of Dr. Vijay Kapur on NBC’s primetime drama ‘New Amsterdam‘.

Some other notable speakers this year include founder of the India Today Group, Aroon Purie, Indian Olympic athelete Dutee Chand, comedian and actor, Vir Das, partner at Softbanks’ Vision Fund Lydia Jett & politician and India’s ruling party (BJP)’s sherpa to the G20, Suresh Prabhu.

The harsh winter in Harvard doesn’t seem slow down or dull these brilliant minds in any way. The India Conference at Harvard continues to retain its standing as the conference of choice for deliberating issues ranging from technology, media, politics and eduction to creating solutions for India’s path towards global leadership. The event features brainstorming sessions and sincere discussions on the very real and large scale problems that are uniquely Indian.

Diya TV is a media sponsor to the event and will be on-site covering conference. To receive a 20% discount use code RDAY20 here and to know more about the conference or speakers, head to the IndiaConference.com

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Indian Ambassador, Shringla speaks to U.S. Congress about Kashmir

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AMB. Shringla speaks to congress about Kashmir | Diya TV News

WASHINGTON (Diya TV)  — Indian Ambassador to the U.S. Harsh Shringla met with members of Congress at a private roundtable briefing, hosted by Southern California Congressman Brad Sherman. Sherman, who has been a supporter of India, took to Twitter recently to share his concerns about Kashmir and said serious questions about Kashmir were asked at the briefing.

President Trump is being urged to fix the H1-B visa process and do away with country-specific limits, with the latest effort for reform being spearheaded by 60 U.S. business school deans and CEO’s.

In an earthquake, seconds matter. So on the anniversary of the deadly 1989 Loma Prieta earthquake that rocked Northern California, state officials announced the launch of America’s first statewide earthquake early warning system.

Tabla Maestro Zakir Hussain will be coming to Boston next month to perform at the Berklee India Exchange, where he will also be conferred with an honorary doctorate by the esteemed music school. A Zakir Hussain Scholarship at Berklee is also being established.

And we have incredible video of three kids from India rescuing their dog from a snake that’s equal parts courageous and nuts.

Ravi Kapur contributed to this report.

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Federal Court rules Trump must turn over tax returns | Diya TV News

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Trump Tax Returns

NEW YORK (Diya TV) — A federal judge ruled President Trump must turn over eight years of his personal and corporate tax returns to Manhattan prosecutors, striking down the President’s argument that a sitting president cannot be criminally investigated. The ruling was quickly appealed and this case could end up in the Supreme Court to answer the constitutional question of whether presidents can be charged with a crime.

Meanwhile, the President celebrated a victory by FCC Chairman Ajit Pai, as a federal appellate court upheld most of the FCC’s repeal of net neutrality. It also ruled the FCC cannot preempt state net neutrality laws, meaning the rules of the road in states like California remain in place.

The U.S. House Foreign Affairs Committee announced their Asia-Pacific and Non-Proliferation Subcommittee will be holding a hearing asking State Department officials and human rights activists to chime in on Human Rights in Kashmir, the Tamils of Sri Lanka, Muslims in Assam and the human rights situation in Pakistan, which includes the Sindh Province.

Lockheed Martin announced they will build F-16 wings exclusively in India, helping in integrating Indian industry into the $165 billion fighter aircraft market.

Ravi Kapur contributed to this report.

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