CompaniesBIO

China Renaissance said this month it was unable to contact its founder and CEO Bao Fan. This picture is from 2016. Bloomberg | Bloomberg | Getty Images BEIJING — Missing Chinese investment banker Bao Fan is cooperating with a government investigation, his firm China Renaissance said in a filing Sunday. The company's Hong Kong-listed shares have plunged 29% since the firm said on Feb. 16 it was unable to reach Bao. He is China Renaissance's controlling shareholder, chief executive officer and founder , among other roles. "The Board has become aware that Mr. Bao is currently cooperating in an investigation being carried out by certain authorities in the People's Republic of China," China Renaissance said in a filing with the Hong Kong stock exchange Sunday. In both filings this month, China Renaissance said its business continued to operate normally. Its shares hit a record low of 5 Hong Kong dollars (64 cents) on Feb. 17 but have since recovered slightly. Stoc...

A federal judge has denied Theranos Inc. founder Elizabeth Holmes' request for a new trial , setting the stage for her sentencing on fraud charges later this month. U.S. District Court Judge Edward Davila issued a ruling late Monday stating Holmes failed to establish that government misconduct had occurred during her trial. Davila delayed Holmes' sentencing and granted an emergency hearing last month after a visit to Holmes' residence by a key witness came to light. The witness, former Theranos lab director Adam Rosendorff, had allegedly told Holmes' current partner, William “Billy” Evans, that he had  “done something wrong” during the trial with respect to his testimony. But at the emergency hearing Oct. 17, Rosendorff said Holmes “needs to pay her debt to society” for actions she committed while leading the company. trial _221004_1920x1080-ofqjw7.jpg"/> trial _221004_1920x1080-ofqjw7.jpg"/> Elizabeth Holmes sentencing delayed amid bid for new trial ...