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The Elizabeth Holmes bump is real

Elizabeth Holmes.
Elizabeth Holmes remains behind bars in Texas.
  • The new Elizabeth Holmes documentary is reviving interest in the Theranos scandal.
  • Hulu, Spotify, and Apple all saw audience growth for titles related to the Silicon Valley saga.
  • The “You Can See Everything” doc, released on October 16, has quickly become a smash hit.

The new smash-hit documentary about disgraced biotech founder Elizabeth Holmes is fueling a fresh wave of fascination with the saga surrounding one of Silicon Valley’s biggest scandals.

Nathan Fielder and Lance Oppenheim’s film, “You Can See Everything,” follows Holmes, the ex-CEO of blood-testing startup Theranos, in the weeks before she began her 11-year prison sentence for defrauding investors.

Ahead of the October 16 release of the nearly three-hour documentary, viewers flocked to Hulu’s 2022 miniseries, “The Dropout,” in which actor Amanda Seyfried starred as Holmes.

Streaming hours for the Hulu original show skyrocketed 186% in September over August and then surged 92% the week of “You Can See Everything’s” release compared to the week prior, a spokesperson for Disney, which owns Hulu, said.

The eight-episode series, also available on Disney+, has been streamed for over 2 million hours since September, the spokesperson said.

The renewed spotlight on the rise and fall of Holmes’ Theranos is also driving listeners back to ABC News’ “The Dropout” — the true crime podcast on which Hulu’s drama was based.

Plays of “The Dropout” podcast across Spotify and Apple climbed nearly 400% the week the “You Can See Everything” teaser trailer was released, from September 7 to September 13, according to data from ABC News provided by the Disney spokesperson.

Listenership was up more than 900% over the new film’s release weekend and has continued to soar, the spokesperson said, adding that Tuesday saw the highest number of plays in a single day since “You Can See Everything” was announced.

A Spotify spokesperson told Business Insider that Wednesday marked the “The Dropout” podcast’s biggest streaming day on the platform since the documentary’s release, with a 305% uptick in US listeners compared to the average listening volume over the prior 30 days.

The audiobook of “Bad Blood: Secrets and Lies in a Silicon Valley Startup,” by journalist John Carreyrou, has also drawn a wave of new listeners. Carreyrou’s reporting for The Wall Street Journal exposed Theranos’ flawed blood testing devices.

According to the Spotify spokesperson, Carreyrou’s audiobook saw its biggest spike Thursday, with a 560% jump in US listeners.

The book sat at No. 6 on Amazon’s best seller list for business and money as of Friday.

In January 2022, following a nearly four-month trial, Holmes was convicted of four federal counts of conspiracy and wire fraud in connection with a scheme to dupe investors in Theranos out of hundreds of millions of dollars.

Holmes reported to a minimum-security women’s prison camp in Texas on May 30, 2023, after being handed an 11-year-and-three-month sentence.

The onetime Silicon Valley darling repeatedly claimed Theranos — once valued at $9 billion — had developed a revolutionary blood analyzer capable of running hundreds of tests with only a few drops of blood from a finger.

Read the original article on Business Insider

Small businesses are getting clobbered by health insurance costs for their employees

Doctors exam room, Manhattan, New York
Employees of small businesses are facing steep healthcare costs.
  • Small-business workers are facing higher costs for family health coverage than those at larger firms.
  • Affordability and healthcare costs are key concerns for American workers and voters in the midterms.
  • Small firms struggle with health benefit options due to less bargaining power and higher costs.

Health insurance costs are going up, and it’s especially rough for workers at small businesses.

A new annual survey of employers and their health benefits from KFF found that small-business workers pay more for family coverage than workers at firms of every other size. At the same time, many of these workers have fewer plan choices than at larger firms, meaning they’re often stuck with whatever option their employer selected.

From 2025 to 2026, annual worker contributions for family coverage at firms with 10 to 199 workers increased from $8,889 to $9,687, a 9% increase. While the largest firms saw a sharper increase, workers’ contributions at employers with 5,000 or more employees were nearly $3,000 less. For all firms, contributions rose about 9% to $7,471.

Grouped Bars

Of covered workers at small firms, nearly one in three has a plan requiring an employee contribution of over $12,000 annually, more than double the rate at large firms.

According to the survey, 66% of small firms offer health benefits, compared with 98% of firms with 200 or more workers. That’s up from 59% in 2025 but remains below the 72% level of five years ago.

Workers at small firms pay an average 37% of the family premium, compared with 25% at larger firms.

While premiums for health insurance plans that cover only a worker and not their family are similar for small and large businesses, the average deductible at small firms is nearly $1,000 higher than at large firms. More than half of small-firm workers face a deductible of at least $2,000, compared to just a third of large-firm workers.

Though the report doesn’t get into the discrepancy for family plans in depth, small businesses often have less bargaining power with insurers. Because small businesses operate on smaller margins, they often don’t have the money to subsidize spouses and children at the same level as larger businesses. Risk is also more concentrated among smaller businesses, meaning that future premiums and claims may be heightened by a single employee with costly medical needs.

Additionally, because small firms are much less likely to self-fund, they’re often more dependent on insurers and therefore pass along rate increases to their workers. Average annual premiums rose 5% in 2026, with employers citing projected cost increases, while the survey separately found that GLP-1 coverage can affect prescription-drug spending. Workers at small employers are more likely to have weaker coverage for specialty drugs.

Affordability is top of mind for Americans gearing up to vote in the midterms. Healthcare costs remain a top financial concern. Millions of Americans have lost health coverage as ACA marketplace subsidies expired and Medicaid enrollment protections ended.

Small businesses have been hit hard over the past few years by inflation, higher interest rates, and tariffs. Small businesses have been embracing AI as a cost-saving measure, though many face unexpected costs due to token overuse or subscription price increases.

Dozens of workers have told Business Insider that preparing for retirement has been a significant source of stress as they navigate a tight job market. However, among employers that offer health benefits, 23% of firms with 200-999 workers offer retiree health benefits, versus 35% of firms with 5,000 or more workers.

There are some silver linings for workers. Premiums for single workers are slightly lower at smaller firms than at larger ones overall. Employees at small firms on single health insurance plans were much more likely to have their entire premium paid by their employer, though they’re also much more likely to pay more than half of the family premium. Among small firms offering coverage, nearly all offer family coverage.

Read the original article on Business Insider

Only 10 artists have topped the Billboard chart with 10 different albums — here they all are

Taylor Swift performs during the Eras Tour in Toronto.
Taylor Swift performs during the Eras Tour in Toronto.
  • The Billboard 200 is the definitive all-genre chart for album sales in the US.
  • Only 10 artists in Billboard history have topped the chart at least 10 different times.
  • The Beatles have the most No. 1 albums with 19. Taylor Swift and Drake are tied for second place.

The Billboard 200 has tracked the best-selling albums in the US for decades.

It’s a major accomplishment to top the chart, especially when an artist manages the feat with multiple different albums.

Only a handful of artists have crossed into double-digit No. 1s, including modern superstars like Taylor Swift, Drake, Jay-Z, and Future. They’re listed below in ascending order.

Editor’s note: Although Elvis Presley is often credited with 10 No. 1 albums, a Billboard representative told Business Insider that most of his biggest releases predate the modern Billboard 200 chart, which launched in 1963.

Madonna — 10
Madonna performs in New York City's Times Square in 2026.
Madonna performs in New York City’s Times Square in 2026.

Madonna’s 2026 album “Confessions II” became her milestone 10th No. 1 on the Billboard 200.

Madonna is also the first artist with a No. 1 album in the 2020s to have already topped the chart in three other decades: twice in the 2010s (“Madame X” and “MDNA”), four times in the 2000s (“Hard Candy,” “Confessions on a Dance Floor,” “American Life,” and “Music”), and thrice in the 1980s (“Like a Prayer,” “True Blue,” and “Like a Virgin”).

Bruce Springsteen — 11
bruce springsteen
Bruce Springsteen performs with The E Street Band in 2023.

Bruce Springsteen’s 11 chart-topping albums span over three decades, from 1980’s “The River” to 2014’s “High Hopes” — even though Springsteen has yet to score a No. 1 hit song on the Billboard Hot 100.

Barbra Streisand — 11
barbra streisand
Barbra Streisand performs at Madison Square Garden in 2019.

Barbra Streisand logged her first No. 1 entry on the Billboard 200 with “People” in 1964.

Fifty-one years later, she set a record for the longest span between No. 1s when “Encore: Movie Partners Sing Broadway,” her 2016 studio album, topped the chart.

Streisand previously held the record for the most No. 1 albums among female artists until Taylor Swift broke it in 2023.

Kanye West — 11
kanye west coachella sunday service

Ye, who still releases music under the name Kanye West, topped the Billboard 200 for the first time in 2005 with “Late Registration.”

He logged his 11th consecutive No. 1 album in 2024 with “Vultures 1,” a collaborative effort with Ty Dolla $ign.

Eminem — 11
eminem
Eminem performs during the 2022 Rock & Roll Hall Of Fame induction ceremony.

When it was released in 2000, Eminem’s “The Marshall Mathers LP” sold over 1 million copies in its first week, easily earning a No. 1 debut on the Billboard 200.

Two decades later, “Music to Be Murdered By” debuted at No. 1, becoming Eminem’s historic 10th chart-topper. He logged his 11th in 2024 with “The Death of Slim Shady (Coup de Grâce).”

Future — 11
Future performs during the We Trust You Tour in 2024.
Future performs during the We Trust You Tour in 2024.

Future earned his first No. 1 album in 2015 with “DS2,” which has since spent over 300 weeks on the Billboard 200.

In 2024, Future’s “Mixtape Pluto” debuted atop the chart — his third No. 1 album in just six months and 11th overall.

Earlier that year, Future topped the chart with “We Don’t Trust You” and “We Still Don’t Trust You,” collaborative efforts with Metro Boomin. The former is widely known for reigniting a feud between Drake and Kendrick Lamar.

Jay-Z — 14
Jay-Z performs during the 2017 Meadows Music And Arts Festival.
Jay-Z performs during the 2017 Meadows Music And Arts Festival.

Jay-Z began collecting No. 1s in 1998 with his third studio album, “Vol. 2… Hard Knock Life.” In 2017, he extended his total to 14 with his latest effort, “4:44.”

Jay-Z is also one of the most-awarded artists in Grammy history.

Drake — 15
drake
Drake performs at the Wireless Festival in 2021.

Since pivoting to music after starring on “Degrassi” as a teenager, Drake has racked up 15 No. 1 albums, from 2010’s “Thank Me Later” to 2026’s “Iceman.”

Drake’s grand total also includes one mixtape (“Care Package”), three collaborative albums (“What A Time To Be Alive” with Future, “Her Loss” with 21 Savage, and “$ome $exy $ongs 4 U” with PartyNextDoor), and one project mysteriously billed as a playlist (“More Life”).

Taylor Swift — 15
Taylor Swift performs "Lover" on the Eras Tour in Buenos Aires.
Taylor Swift performs during the Eras Tour in 2023.

Only one of Taylor Swift’s albums hasn’t topped the chart: her self-titled debut, which peaked at No. 5 in 2008.

Swift earned her first No. 1 later that same year with “Fearless,” which has since been ranked the fourth-biggest album in Billboard 200 history. In the 2020s, Swift rerecorded four of her old albums and rebranded each new release as “Taylor’s Version.” All four of those topped the chart, too.

Most recently, 2025’s “The Life of a Showgirl” launched atop the chart with the biggest sales week in history, breaking Adele’s record. It became her 15th No. 1 album, extending her record for the most among women. She is tied for the most among solo artists.

Swift has also broken Elvis Presley’s record for the most cumulative weeks spent at No. 1 on the Billboard 200 for a solo artist.

The Beatles — 19
the beatles now and then press photo
The Beatles gave their final performance together in 1969.

The Beatles hold both records for the most No. 1 songs on the Hot 100 and the most No. 1 albums on the Billboard 200. The latter group includes classics like “Revolver” (1966), “Sgt. Pepper’s Lonely Hearts Club Band” (1967), “Abbey Road” (1969), and their post-band breakup compilation “1” (2000).

As a solo musician, Paul McCartney has topped the Billboard 200 eight more times, while John Lennon managed the feat three times before he died in 1980.

Read the original article on Business Insider

Working one job isn’t always enough. Gen Zers and millennials are taking on side hustles and freelance work.

People crossing the street in a city
A new study finds 80% of Gen Zers have worked outside their main jobs.
  • Goldman Sachs Asset Management found 80% of Gen Zers have worked outside their primary jobs.
  • People across generations said this was because they needed the money or for financial security.
  • Not feeling secure can affect financial goals, like homeownership.

Having a job doesn’t always mean you have enough to cover daily living or savings goals.

A July survey of Americans by Goldman Sachs Asset Management and the behavioral economics firm Escalent found over 60% of respondents have worked outside their primary roles, largely because they needed to. Twenty-seven percent of respondents said work covers their expenses, but it’s tough to get ahead.

“Employment remains essential for retirement security, but for many Americans, it is no longer sufficient,” a Goldman Sachs Asset Management retirement report said.

Gen Zers were most likely to say they earn or have earned money outside their primary job; millennials followed closely behind. The report said that’s despite most Gen Z and millennial workers reporting their jobs provide financial stability.

“Younger workers may feel stable in their main jobs while still seeing extra work as necessary,” the report said.

Bar chart of respondents who said they earn or have earned money from gig, freelance, contract, or other kinds of side work outside their primary income, by generation

Throughout the generations, a majority said they’re doing gig or side work out of necessity or for financial security.

“The traditional full-time job may no longer be carrying the full weight of financial security,” the report said. “For many, supplementing income appears to have become part of the baseline.”

Stacked bar chart of what respondents said is the main reason they've done gig or side work by generation

Some Americans are living paycheck to paycheck or adjusting their budgets to cope with rising gas prices and other everyday expenses. It can be hard to get ahead when wage growth has been consistently falling short of inflation, and it’s tough to find a new job to try to earn more money.

Not feeling financially secure can lead to putting off savings goals. Eighty-three percent of Gen Z and 78% of millennials said they put major financial goals on hold. Forty-one percent of millennials have delayed emergency savings despite being employed, and 30% said they delayed housing or homebuying goals. For Gen Zers, the shares were 35% and 34%, respectively.

While some people may be working a part-time side job, others are “overemployed” and working multiple full-time jobs. One millennial has worked five full-time remote IT jobs, earning over $700,000 annually. As Business Insider’s Jacob Zinkula reported, overemployed people use their extra earnings for different reasons, such as retiring early or paying down debt.

Having multiple income streams can also be considered a “portfolio career,” where people piece together different kinds of work, such as writing a newsletter, doing a side gig, and holding an office job. It can be one way to try “stability stacking” to feel more secure about your career if, for example, you were laid off and lost an income stream.

“When you decentralize everything from one 9-to-5 and build a portfolio career, you protect yourself from the emotional and financial shock if and when business needs change at your 9-to-5,” said career coach Janel Abrahami in a TikTok video.

And sometimes, working a side gig can become a complete career pivot. Harlan Rappaport, in his 20s, turned his email marketing side hustle into a full-time career after working as an investment analyst at a financial institution.

“I used to get really excited about the numbers, but over the last couple of years, I realized it’s more about the freedom I’ve had in my life over the last couple of years as a freelancer,” Rappaport said in an as-told-to essay. “I don’t miss family events, can travel when I want, and can work from anywhere in the world.”

Read the original article on Business Insider

Tesla just laid out its transportation mission: World domination

Left: a parking lot filled with Tesla Cybercabs. Right: Tesla CEO Elon Musk.
Elon Musk has said he thinks the world will switch over to autonomous driving tech. He ramped up that prediction on Wednesday.
  • Elon Musk has repeatedly said cars will drive themselves around the world.
  • Now, he’s making a bolder claim: Tesla will dominate that autonomy, he predicts.
  • The only thing that could get in the way, Musk says: these pesky governments!

Tesla CEO Elon Musk famously thinks bots will drive us around.

On Wednesday, he took that long-running vision of autonomy a step further. During the automaker’s earnings call, Musk predicted that Tesla itself would dominate how passengers get around — so long as pesky regulators don’t get in the way.

“I think Tesla will end up doing a majority of all passenger miles on Earth in any country where it is allowed to operate freely,” he said. “And you can come back and look at this prediction, but I feel confident about this prediction.”

He said Tesla’s biggest hurdle to world domination is foreign governments blocking autonomous tech “to protect a domestic industry.”

That is a bolder statement than Musk’s prior autonomy predictions.

During a January earnings call, he said the “vast majority of miles traveled” would eventually be autonomous and guessed that people would manually drive fewer than 5% of miles. That prediction left other autonomous competitors — Waymo, Zoox, Ford, GM, Rivian, etc. — in the fray.

Vehicle autonomy is core to Tesla’s valuation story. The company says its future lineup will include only one vehicle that drivers can operate manually: the high-priced Roadster.

In September, the company started rolling out the steering-wheel-less Cybercab for ride-hailing in Texas.

That rollout has had its fits and starts. While Tesla says it’s ramping production and preparing to launch Cybercab rides in Florida, the NHTSA issued an audit inquiry hours after the car’s public release to probe the automaker’s self-certification.

Musk, who has described his predictions as his “best guesses,” has missed several recent timelines for Tesla’s autonomy rollout — including a prediction that unsupervised autonomy would ramp across the US in 2025.

Now, Tesla has a new target date for the consumer launch of its full self-driving software. On Wednesday, Ashok Elluswamy, the company’s VP of AI, said unsupervised FSD is coming “somewhere around Q2 next year.”

Tesla didn’t immediately respond to a request for comment from Business Insider.

Read the original article on Business Insider

Venture capitalists are questioning the neolab math

Menlo Ventures' Matt Murphy speaking to Ben Bergman at Tech Insider: Growth Mode.
Menlo Ventures’ Matt Murphy speaking to Ben Bergman at Tech Insider: Growth Mode.
  • A version of this story originally appeared in Business Insider’s weekly VC Insider newsletter.
  • Sign up for BI’s VC Insider newsletter here.

Ben here. Up until recently, it was a great time to be the founder of a neolab, the lavishly funded, research-first AI startups founded by top talent who defected from the likes of OpenAI or Google DeepMind.

We reported last month that Jeff Dean, Google’s former chief scientist, is seeking a valuation as high as $50 billion for his new AI science startup. OpenAI cofounder Ilya Sutskever’s Safe Superintelligence is worth $32 billion. Another OpenAI alum, Mira Murati, is raising a round for Thinking Machines Lab at a valuation of around $40 billion.

But lately, in conversations with multiple VCs around Silicon Valley, there is a growing divide about whether neolabs can make the economics work with their multibillion-dollar price tags and formidable competition from frontier labs.

One VC at a top firm, who asked that I not use his name, told me neolabs are the most hotly debated type of investment right now.

“Some would say you shouldn’t invest in any, and others would say this is basically all you should be investing in because software’s dead, and you either have to own models or hardware, and even if you enter at a billion, the company could be worth a trillion,” he said.

Biggest neolab valuations

When I recently asked Menlo Ventures partner Matt Murphy at Business Insider’s Growth Mode conference which sector he thought was most overhyped, he immediately cited neolabs, which was noteworthy, given that Menlo invested in some of them.

Murphy pointed to an example from his time as an early board advisor at Google, which he said did so well because it “was like a match thrown into a bonfire.”

“The opposite thing you want to do is start a match with a bonfire,” Murphy told me. “That’s the risk of what’s going on now with companies raising such large rounds.”

Another Menlo partner, Deedy Das, posted last month about the “difficult game” of making neolab math work.

Das seemed a bit taken aback by the reaction to his post and later texted me: “Like all startups, many will fail, some will work.”

Picking which ones will work is why VCs get paid the big bucks.

Neolabs are a power-law bet taken to an extreme, Radical Ventures’ Aaron Rosenberg told me.

Investors know most will likely burn enormous sums on compute and talent without ever becoming profitable. But the rare winner could become a foundational AI company worth hundreds of billions or more.

“We’re confident that the best neolabs will attract ongoing support,” Rosenberg said. “Talent continues to transition out of the incumbents and academia into founder roles, and we see no signs of that slowing.”

Like Radical, New Enterprise Associates wrote a bullish view in June. One of the authors, Andrew Schoen, told me his views have not changed. “There are neolabs I know of that are finalizing billion-plus-dollar rounds of equity financing, and those processes are moving very smoothly and quickly,” he said.

The Buzz

Menlo Ventures' partners Shawn Carolan, Matt Murphy, and Venky Ganesan.
Menlo Ventures’ partners Shawn Carolan, Matt Murphy, and Venky Ganesan.

Katie here. Many of tech’s biggest names gathered at the Ritz-Carlton in San Francisco on Saturday, at a black-tie event in the name of Menlo Ventures’ 50th anniversary.

Hollywood titan turned venture capitalist Jeffrey Katzenberg of Dreamworks fame asked the audience to join a prayer “for the blockbuster IPO of Anthropic,” a joking reference to Menlo’s early investment in the company.

I also spotted Morgan Stanley’s storied technology banker Michael Grimes, who is undoubtedly holding his own AI IPO prayers. Other attendees included an array of public company and startup CEOs, including those from Snowflake, Zscaler, Legora, and OpenRouter.

As Menlo partner Venky Ganesan quipped, there was more AUM (assets under management) in the room than in many countries, given the attendees’ net worth and the investment capital they manage.

Menlo isn’t the first venture firm to host a splashy anniversary party; Index Ventures recently went big for its 30th anniversary.

A person at a rival venture shop expressed disappointment that their firm doesn’t host such celebrations.

Menlo’s night ended with concerts from two super confidential Grammy Award winners trying to rake in those AI bucks!

Around the Cap Table

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The VC Insider team

Ben Bergman, chief correspondent, in Los Angeles. Katie Roof, editor at large, in San Francisco. Pranav Dixit, senior technology editor, in San Francisco. Leena Rao, executive editor, in Los Angeles.

Read the original article on Business Insider