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Best Colleges for STEM

Theranos’ Elizabeth Holmes takes the stand for third day of testimony [Video]

CNBC’s Scott Cohen joins ‘Squawk Box’ to report the latest from the trial against Theranos’ Elizabeth Holmes. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Elizabeth Holmes took mostly easy questions from her defense attorney on Monday, as the former Theranos founder was given the stage to tout the bold aspirations she had for her blood-testing company ahead of what is certain to be a heated cross-examination.On her second day of testimony in her criminal fraud trial, Holmes laid out promising partnerships with pharmaceutical companies, the Department of Defense and Stanford University.“We thought this was a really big idea,” Holmes told jurors. “These robots that are used in the traditional lab as far as we know had not been miniaturized to run in a device that could be put at the point of care.”Holmes, 37, made a surprise appearance on the witness stand on Friday after the prosecution spent 11 weeks calling 29 witnesses, ranging from ex-employees and investors to lab directors and business partners. On Monday, the public was geared up to hear from Holmes in what will be a holiday-shortened week at the courthouse in San Jose.Journalists, onlookers and friends of Holmes began lining up outside the courthouse gates as early as 3 a.m. California time. The doors to the courthouse opened at 7:30 a.m. A total of 79 tickets were handed out, leaving dozens of people waiting outside without a chance to watch Holmes’ testify in person.Holmes arrived arm in arm with with her partner, Billy Evans, and her mother. At least nine friends and family members, including Evans’ mother, were part of Holmes’ entourage.Wearing a blue dress, Holmes took the stand introducing herself to the jury: “My name is Elizabeth Holmes,” she said, in her signature baritone voice. Her testimony lasted about two hours.Holmes faces 11 counts of wire fraud and conspiracy to commit wire fraud. She pleaded guilty and has denied any wrongdoing. She faces up to 20 years in prison if convicted.Holmes’ attorney, Kevin Downey, ran the former Theranos CEO through a series of questions that also highlighted the company’s work with major drugmakers like AstraZeneca, Merck and Pfizer as well as the Mayo Clinic.“We believed that our product could be used by pharmaceutical companies to help get better insight into how a drug could work and help speed up the amount of time it took to run a study,” Holmes said.The jurors were shown a slide from 2009, titled “completed successes.” Downey asked Holmes what she counted as a success when it came to working with pharmaceutical companies.“A success was we had successfully achieved the objectives of the program,” she responded, occasionally looking to the jury box on her right when explaining a scientific term.While prosecutors have painted Holmes as a deceitful leader who intentionally misled employees, investors and patients, Downey is giving Holmes the space to try and recast herself as a young, aspiring entrepreneur with a grand idea that she wanted to make a reality.Holmes spoke about Theranos’ relationship with Pfizer and Schering-Plough, but she wasn’t asked to address claims that her company forged their logos on lab reports to make them appear legitimate. Government witnesses, including Pfizer scientist, Dr. Shane Weber, said they never approved of Theranos’ use of the Pfizer logo.Holmes did admit Theranos never had a partnership with the Department of Defense. Prosecutors allege Holmes misled investors by claiming Theranos was working with the military. Witnesses such as hedge fund manager Brian Grossman said they were told by the company that the technology was being used on the battlefield.» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News OnlineGet the latest news: http://www.cnbc.com/Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC News on Twitter: https://cnb.cx/FollowCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBChttps://www.cnbc.com/select/best-credit-cards/ #CNBC#CNBCTV

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College Sports

World leader ‘big heads’ fail to extinguish burning planet [Video]

Protesters wearing big papier mache heads portraying world leaders said, on what is scheduled to be the final day of the COP26 climate conference, world leaders had so far failed to extinguish a burning planet. “We want leaders who want to be remembered as the ones who really put out the fires and made a world that is safer and we can all thrive,” said British charity Oxfam International Executive Director Gabriela Bucher.

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College Sports

World leader ‘big heads’ fail to extinguish burning planet [Video]

Protesters wearing big papier mache heads portraying world leaders said, on what is scheduled to be the final day of the COP26 climate conference, world leaders had so far failed to extinguish a burning planet. “We want leaders who want to be remembered as the ones who really put out the fires and made a world that is safer and we can all thrive,” said British charity Oxfam International Executive Director Gabriela Bucher.

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Best Colleges for STEM

Why Wheelhouse CIO is ‘nervous’ about Rivian’s valuation [Video]

Wheelhouse CIO Ann Berry joins CNBC’s ‘Squawk Box’ to break down electric-vehicle maker Rivian’s first few days of trading. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Rivian Automotive shares ended the day up 29% in their debut Wednesday, giving the Amazon and Ford-backed electric vehicle start-up a market valuation of $86 billion after one of the biggest IPOs this year.Shares of Rivian originally priced at $78 a piece Tuesday night, but popped more than 50% Wednesday when it opened at $106.75 per share, before paring some of those gains later in the afternoon.At its opening price, Rivian had an implied valuation of $91 billion. That puts Rivian past the market cap of Ford ($77 billion) and on par with General Motors ($86 billion). It’s still worth a fraction of electric vehicle pioneer Tesla, which has a market cap of more than $1 trillion.Rivian, which trades under the symbol “RIVN” on the Nasdaq, has attracted intense interest from investors looking to capitalize on the fast-growing EV market. But the company has yet to establish a business model and expects no more than $1 million in revenue for the third quarter.Amazon’s 20% stake is now worth about $17 billion, and Ford’s 12% stake is valued at over $10 billion.Amazon said in September that its equity investments, including Rivian, were worth $3.8 billion. Two months later its Rivian stake alone is worth almost five times that amount.While Ford executives have billed their Rivian relationship as a strategic investment, the company’s Lincoln division had previously planned to build electric vehicles with the upstart. Those plans were abandoned during the pandemic.Amazon, which is converting its fleet to delivery vehicles that run on renewable energy, revealed in 2019 that it was purchasing thousands of vehicles from Rivian. More recent filings show Amazon has some exclusive rights to Rivian’s battery-electric delivery vehicles for a minimum of four years, with the right of first refusal after that.Amazon has ordered 100,000 Rivian vehicles to be delivered by 2030. The companies plan to have 10,000 new Rivian-Amazon delivery vehicles on the road as early as next year.Besides its fleet business, Rivian beat Tesla, GM and Ford to the market with a fully electric pickup, the R1T. It plans to launch a seven-passenger battery-electric SUV, the R1S, in December, according to an October prospectus.Rivian CEO RJ Scaringe, who has a Ph.D. from the Sloan Automotive Laboratory at the Massachusetts Institute of Technology, founded Rivian in 2009. The company’s headquarters is in Irvine, California, and it has a vehicle assembly plant in Normal, Illinois.» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News OnlineGet the latest news: http://www.cnbc.com/Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBCFollow CNBC News on Facebook: https://cnb.cx/LikeCNBCFollow CNBC News on Twitter: https://cnb.cx/FollowCNBCFollow CNBC News on Instagram: https://cnb.cx/InstagramCNBChttps://www.cnbc.com/select/best-credit-cards/ #CNBC#CNBCTV

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Best Colleges on the East Coast

Rising seas threaten to sink homes in Spain [Video]

With rising seas threatening to engulf low-lying shores in northeastern Spain, the government aims to buy 2,055 acres of private land in the Ebro Delta in what would be Europe’s largest climate-related land buyouts to date. Francesca Lynagh reports.

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Best Colleges on the East Coast

Harvard professor calls for firm deadlines to roll back school mask requirements [Video]

Harvard Professor Joseph Allen joins The News with Shepard Smith to discuss his editorial calling for a firm date to roll back school mask mandates and make sure everyone is vaccinated. All adults, he says, should be vaccinated. Kids, too, he adds.

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Preparing for College

Texas governor bars COVID-19 vaccine mandates [Video]

Republican Texas Governor Greg Abbott, responding to what he called “bullying” by the Biden Administration, on Monday barred all COVID-19 vaccine mandates in the state by any entity, including private employers. Bryan Wood reports.

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Preparing for College

Ohio police accused of racial profiling, brutality [Video]

A Black paraplegic man has accused the Dayton, Ohio Police Department of racially profiling him and of brutality after officers stopped his car and dragged him out by his hair onto the road after hearing the man could not use his legs. Gloria Tso reports.