• Holmes shifts gears. Theranos announced on Wednesday that it will shut down its blood-testing facilities, effectively laying off 40% of its workforce. CEO Elizabeth Holmes said that the company is shifting its focus away from blood-testing clinics and to its new product, the miniLab, "an integrated platform designed to process small sample volumes" of blood. Fortune • No place like home? A new Gallup poll finds that the majority of working moms would prefer to stay home, while women without kids say they would choose to continue their careers. Men, on the other hand, said they prefer to work outside the home, whether or not they have children. Fortune • Getting bodied. Responding to a question about body image from a 15-year-old girl, Hillary Clinton urged a town hall crowd to " stand up to" attacks on women's looks. "Let's be proud of who we are," she said. Fortune's Laura Cohn notes that the issue goes well beyond the presidential campaign, citing a new study that finds 39% of girls aged 11-16 say body insecurity has stopped them from speaking up in class. Fortune • Unhappy meal. Fifteen McDonald's employees from stores across the U.S. have filed complaints with the EEOC alleging they've been victims of harassment, including unwanted sexual comments and touching. Bloomberg • Working out her next move? While moderating a startup panel at Salesforce's annual Dreamforce conference, Fortune's Pattie Sellers asked ClassPass CEO Payal Kadakia about rumors that she may be preparing to step down. Kadakia deflected, saying, "I will always do what's best for the company." Fortune • Semper Fidelity? This Reuters investigation finds that a private venture capital arm run on behalf of the Johnson family—which founded Fidelity and, in the person of CEO Abby Johnson, still runs it—is in direct competition with some Fidelity mutual funds. Some securities lawyers say the setup poses an unusual conflict of interest. Fidelity MOVERS AND SHAKERS: Bela Bajaria, former president of NBCUniversal's Universal Television, has been named VP of content for Netflix. |