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"Holmes had a private jet and several assistants for "running her errands," according to CNBC.Why It Matters: Holmes is facing dozens of felony fraud charges and up to 20 years in prison.She and her partner Ramesh Balwan, a former president and chief operating officer at Theranos, told investors, board members and the general public that the company's products in development would be able to diagnose any disease, including cancer and diabetes, from just one drop of blood.Privately valued at one point at $9 billion, the startup was exposed by a Wall Street Journal investigation and ensuing public scrutiny that revealed the technology was nonexistent.The trial is scheduled to begin on March 9, 2021, in San Jose.Image: WikicommonsSee more from Benzinga * Click here for options trades from Benzinga * Wish Files For IPO, Acknowledges Challenges In Its China-Rooted Supply Chain * Apple Is Trying To 'Water Down' Bill Against Forced Labor In China: Washington Post(C) 2020 Benzinga.com.


* Also, the prospects for a Chinese EV maker, a mall operator, regional banks, virtual reality and more.Cover story "Investors, Put the Rest of the World on Your Radar" by Reshma Kapadia suggests that the United States trounced foreign markets in the past decade, but now it is time to start shopping abroad.


Find out whether ICICI Bank Ltd (NYSE: IBN) is one of those stocks worth a look now.See also: Benzinga's Bulls And Bears Of The Week: Moderna, Palantir, Tesla And MoreThere are simple ways for novices without much cash to begin building a portfolio in some of the market's biggest names, such as Amazon.com, Inc. (NASDAQ: AMZN), according to Daisy Maxey's "Daunted by Lofty Share Prices?


Yet Shell, the world’s third-biggest oil major, wanted to radically reduce refining capacity and couldn’t find a buyer.As Convent’s 700 workers found out they were out of a job, their counterparts on the other side of Pacific were firing up a new unit at Rongsheng Petrochemical’s giant Zhejiang complex in northeast China.


It’s just one of at least four projects underway in the country, totaling 1.2 million barrels a day of crude-processing capacity, equivalent to the U.K.’s entire fleet.The Covid crisis has hastened a seismic shift in the global refining industry as demand for plastics and fuels grows in China and the rest of Asia, where economies are quickly rebounding from the pandemic.


The U.S. is a major supplier of naphtha and LPG to Asia.These new massive and integrated plants make life tougher for their smaller rivals, who lack their scale, flexibility to switch between fuels and ability to process dirtier, cheaper crudes.The refineries being closed tend to be relatively small, not very sophisticated and typically built in the 1960s, according to Alan Gelder, vice president of refining and oil markets at Wood Mackenzie.






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