Former Walgreens Executive Testifies in Elizabeth Holmes Fraud Trial — Transcript

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1. 0:00so did the race to get theranos machines
2. 0:02into retail stores cloud the judgment of
3. 0:04some executives well in testimony given
4. 0:07today in the elizabeth holmes trial a
5. 0:09former walgreens executive testified
6. 0:11about the pressure to move quickly and
7. 0:13get the blood testing machines in stores
8. 0:15and all the money that it would cost to
9. 0:17do it let's bring in our business to
10. 0:19tech reporter scott budman who's been in
11. 0:20court throughout this entire trial scott
12. 0:23we're talking about a lot of money being
13. 0:25discussed in court today
14. 0:28yeah we really are jessica and this
15. 0:30isn't just the sandhill money or the
16. 0:32rupert murdoch money this is retail
17. 0:34money today in testimony we learned that
18. 0:37it wasn't just safeway that it invested
19. 0:39big dollars in theranos it was also
20. 0:42walgreens as they too plan to put the
21. 0:44theronauts blood testing machines in
22. 0:47front of customers
23. 0:51elizabeth holmes looked on stoically as
24. 0:53the former chief financial officer of
25. 0:55walgreens testified that holmes
26. 0:58convinced the drug giant to both invest
27. 1:00in the palo alto startup and to put its
28. 1:03blood testing machines in walgreens
29. 1:05stores she is a great promoter and i
30. 1:09think that's evident by these witnesses
31. 1:11just talking about how convincing she
32. 1:13could be wade michelon also told jurors
33. 1:16that walgreens invested 40 million
34. 1:18dollars into theranos when he left the
35. 1:20company there were 40 machines in place
36. 1:23he testified that walgreens plan to
37. 1:25eventually put many labs in all of its
38. 1:28stores to let customers get tested on
39. 1:31the theranos devices when they start
40. 1:33investing in theranose you now take this
41. 1:36from a arm's length transaction to a
42. 1:39fiduciary responsibility where miss
43. 1:41holmes needs to be disclosing more
44. 1:44information when you're asking people to
45. 1:46invest michelan says they chose
46. 1:48theranose because they were led to
47. 1:50believe it was the farthest along in its
48. 1:52testing admitting he knew other
49. 1:55companies including safeway were also
50. 1:57interested in the theranose machines so
51. 2:00there was pressure to move fast
52. 2:05another issue that came up today should
53. 2:07the private jury questionnaires that
54. 2:09jurors filled out ahead of the trial be
55. 2:11made public now during the trial some
56. 2:14legal analysts tell us that could have a
57. 2:16chilling effect on the jury not just for
58. 2:18this trial but for future juries as well
59. 2:20at this point judge davila says he's not
60. 2:23yet ready to make a decision live in san
61. 2:25jose scott butman nbc bay area news