Scandal-hit firm Theranos to shut, investors to lose $1 bn

Blood-testing startup Theranos is reportedly dissolving after a deal with an investment group that lifted it from bankruptcy. Earlier this year, Elizabeth Holmes stepped down as CEO after it emerged she and president Ramesh Balwani (her former boyfriend) were aware of faulty blood tests. Investors including owners of Walmart and 21st Century Fox have lost nearly $1 billion in total.