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World War I
Conscription was common in most European countries. However, it was controversial in English-speaking countries. It was especially unpopular among minority ethnic groups—especially the Irish Catholics in Ireland and Australia, and the French Catholics in Canada.
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In Canada, the issue produced a major political crisis that permanently alienated the Francophones. It opened a political gap between French Canadian, who believed their true loyalty was to Canada and not to the British Empire, and members of the Anglophone majority, who saw the war as a duty to their British heritage.
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Australia had a form of conscription at the outbreak of the war, as compulsory military training had been introduced in 1911. However, the "Defence Act 1903" provided that unexempted males could be called upon only for home defence during times of war, not overseas service. Prime Minister Billy Hughes wished to amend the legislation to require conscripts to serve overseas, and held two non-binding referendums – one in 1916 and one in 1917 – in order to secure public support. Both were defeated by narrow margins, with farmers, the labour movement, the Catholic Church, and Irish-Australians combining to campaign for the "No" vote. The issue of conscription caused the 1916 Australian Labor Party split. Hughes and his supporters were expelled from the party, forming the National Labor Party and then the Nationalist Party. Despite the referendum results, the Nationalists won a landslide victory at the 1917 federal election.
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In Britain, conscription resulted in the calling up of nearly every physically fit man in Britain—six of ten million eligible. Of these, about 750,000 died. Most deaths were those of young unmarried men; however, 160,000 wives lost husbands and 300,000 children lost fathers. Conscription during the First World War began when the British government passed the Military Service Act in 1916. The act specified that single men aged 18 to 40 years old were liable to be called up for military service unless they were widowed, with children, or ministers of a religion. There was a system of Military Service Tribunals to adjudicate upon claims for exemption upon the grounds of performing civilian work of national importance, domestic hardship, health, and conscientious objection. The law went through several changes before the war ended. Married men were exempt in the original Act, although this was changed in June 1916. The age limit was also eventually raised to 51 years old. Recognition of work of national importance also diminished, and in the last year of the war, there was some support for the conscription of clergy. Conscription lasted until mid-1919. Due to the political situation in Ireland, conscription was never applied there; only in England, Scotland and Wales.
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In the United States, conscription began in 1917 and was generally well received, with a few pockets of opposition in isolated rural areas. The administration decided to rely primarily on conscription, rather than voluntary enlistment, to raise military manpower after only 73,000 volunteers enlisted out of the initial 1million target in the first six weeks of the war. In 1917 10 million men were registered. This was deemed to be inadequate, so age ranges were increased and exemptions reduced, and so by the end of 1918 this increased to 24 million men that were registered with nearly 3million inducted into the military services. The draft was universal and included blacks on the same terms as whites, although they served in different units. In all 367,710 black Americans were drafted (13% of total), compared to 2,442,586 white (87% of total).
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Forms of resistance ranged from peaceful protest to violent demonstrations and from humble letter-writing campaigns asking for mercy to radical newspapers demanding reform. The most common tactics were dodging and desertion, and many communities sheltered and defended their draft dodgers as political heroes. Many socialists were jailed for "obstructing the recruitment or enlistment service". The most famous was Eugene Debs, head of the Socialist Party of America, who ran for president in 1920 from his prison cell. In 1917 a number of radicals and anarchists challenged the new draft law in federal court, arguing that it was a direct violation of the Thirteenth Amendment's prohibition against slavery and involuntary servitude. The Supreme Court unanimously upheld the constitutionality of the draft act in the Selective Draft Law Cases on 7January 1918.
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Like all the armies of mainland Europe, Austria-Hungary relied on conscription to fill its ranks. Officer recruitment, however, was voluntary. The effect of this at the start of the war was that well over a quarter of the rank and file were Slavs, while more than 75% of the officers were ethnic Germans. This was much resented. The army has been described as being "run on colonial lines" and the Slav soldiers as "disaffected". Thus conscription contributed greatly to Austria's disastrous performance on the battlefield.
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The non-military diplomatic and propaganda interactions among the nations were designed to build support for the cause or to undermine support for the enemy. For the most part, wartime diplomacy focused on five issues: propaganda campaigns; defining and redefining the war goals, which became harsher as the war went on; luring neutral nations (Italy, Ottoman Empire, Bulgaria, Romania) into the coalition by offering slices of enemy territory; and encouragement by the Allies of nationalistic minority movements inside the Central Powers, especially among Czechs, Poles, and Arabs. In addition, there were multiple peace proposals coming from neutrals, or one side or the other; none of them progressed very far.
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The first tentative efforts to comprehend the meaning and consequences of modern warfare began during the initial phases of the war, and this process continued throughout and after the end of hostilities, and is still underway, more than a century later. As late as 2007, signs warning visitors to keep off certain paths at battlefield sites like Verdun and Somme remained in place as unexploded ordnance continued to pose a danger to farmers living near former battlegrounds. In France and Belgium locals who discover caches of unexploded munitions are assisted by weapons disposal units. In some places, plant life has still not returned to normal.
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Teaching World War I has presented special challenges. When compared with World War II, the First World War is often thought to be "a wrong war fought for the wrong reasons". It lacks the metanarrative of good versus evil that characterizes the Second World War. Lacking recognizable heroes and villains, it is often taught thematically, invoking tropes like the wastefulness of war, the folly of generals and the innocence of soldiers. The complexity of the conflict is mostly obscured by these oversimplifications. George Kennan referred to the war as the "seminal catastrophe of the 20th century".
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Historian Heather Jones argues that the historiography has been reinvigorated by the cultural turn in recent years. Scholars have raised entirely new questions regarding military occupation, radicalisation of politics, race, medical science, gender and mental health. Furthermore, new research has revised our understanding of five major topics that historians have long debated: Why the war began, why the Allies won, whether generals were responsible for high casualty rates, how the soldiers endured the horrors of trench warfare, and to what extent the civilian homefront accepted and endorsed the war effort.
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Memorials were erected in thousands of villages and towns. Close to battlefields, those buried in improvised burial grounds were gradually moved to formal graveyards under the care of organisations such as the Commonwealth War Graves Commission, the American Battle Monuments Commission, the German War Graves Commission, and Le Souvenir français. Many of these graveyards also have central monuments to the missing or unidentified dead, such as the Menin Gate Memorial to the Missing and the Thiepval Memorial to the Missing of the Somme.
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In 1915 John McCrae, a Canadian army doctor, wrote the poem "In Flanders Fields" as a salute to those who perished in the Great War. Published in "Punch" on 8December 1915, it is still recited today, especially on Remembrance Day and Memorial Day.
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National World War I Museum and Memorial in Kansas City, Missouri, is a memorial dedicated to all Americans who served in World WarI. The Liberty Memorial was dedicated on 1November 1921, when the supreme Allied commanders spoke to a crowd of more than 100,000 people.
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The UK Government has budgeted substantial resources to the commemoration of the war during the period 2014 to 2018. The lead body is the Imperial War Museum. On 3August 2014, French President François Hollande and German President Joachim Gauck together marked the centenary of Germany's declaration of war on France by laying the first stone of a memorial in Vieil Armand, known in German as Hartmannswillerkopf, for French and German soldiers killed in the war. During the Armistice centenary commemorations, French President Emmanuel Macron and German Chancellor Angela Merkel visited the site of the signing of the Armistice of Compiègne and unveiled a plaque to reconciliation.
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World War I
World War I had a lasting impact on collective memory. It was seen by many in Britain as signalling the end of an era of stability stretching back to the Victorian period, and across Europe many regarded it as a watershed. Historian Samuel Hynes explained:
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This has become the most common perception of World War I, perpetuated by the art, cinema, poems, and stories published subsequently. Films such as "All Quiet on the Western Front", "Paths of Glory" and "King and Country" have perpetuated the idea, while war-time films including "Camrades", "Poppies of Flanders", and "Shoulder Arms" indicate that the most contemporary views of the war were overall far more positive. Likewise, the art of Paul Nash, John Nash, Christopher Nevinson, and Henry Tonks in Britain painted a negative view of the conflict in keeping with the growing perception, while popular war-time artists such as Muirhead Bone painted more serene and pleasant interpretations subsequently rejected as inaccurate. Several historians like John Terraine, Niall Ferguson and Gary Sheffield have challenged these interpretations as partial and polemical views:
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These beliefs did not become widely shared because they offered the only accurate interpretation of wartime events. In every respect, the war was much more complicated than they suggest. In recent years, historians have argued persuasively against almost every popular cliché of World WarI. It has been pointed out that, although the losses were devastating, their greatest impact was socially and geographically limited. The many emotions other than horror experienced by soldiers in and out of the front line, including comradeship, boredom, and even enjoyment, have been recognised. The war is not now seen as a 'fight about nothing', but as a war of ideals, a struggle between aggressive militarism and more or less liberal democracy. It has been acknowledged that British generals were often capable men facing difficult challenges and that it was under their command that the British army played a major part in the defeat of the Germans in 1918: a great forgotten victory.
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Though these views have been discounted as "myths", they are common. They have dynamically changed according to contemporary influences, reflecting in the 1950s perceptions of the war as "aimless" following the contrasting Second World War and emphasising conflict within the ranks during times of class conflict in the 1960s. The majority of additions to the contrary are often rejected.
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The social trauma caused by unprecedented rates of casualties manifested itself in different ways, which have been the subject of subsequent historical debate. Over 8 million Europeans died in the war. Millions suffered permanent disabilities. The war gave birth to fascism and Bolshevism and destroyed the dynasties that had ruled the Ottoman, Habsburg, Russian and German Empires.
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The optimism of "la belle époque" was destroyed, and those who had fought in the war were referred to as the Lost Generation. For years afterwards, people mourned the dead, the missing, and the many disabled. Many soldiers returned with severe trauma, suffering from shell shock (also called neurasthenia, a condition related to post-traumatic stress disorder). Many more returned home with few after-effects; however, their silence about the war contributed to the conflict's growing mythological status. Though many participants did not share in the experiences of combat or spend any significant time at the front, or had positive memories of their service, the images of suffering and trauma became the widely shared perception. Such historians as Dan Todman, Paul Fussell, and Samuel Heyns have all published works since the 1990s arguing that these common perceptions of the war are factually incorrect.
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The rise of Nazism and fascism included a revival of the nationalist spirit and a rejection of many post-war changes. Similarly, the popularity of the stab-in-the-back legend (German: "Dolchstoßlegende") was a testament to the psychological state of defeated Germany and was a rejection of responsibility for the conflict. This conspiracy theory of betrayal became common, and the German populace came to see themselves as victims. The widespread acceptance of the "stab-in-the-back" theory delegitimised the Weimar government and destabilised the system, opening it to extremes of right and left. The same occurred in Austria which did not consider itself responsible for the outbreak of the war and claimed not to have suffered a military defeat.
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Communist and fascist movements around Europe drew strength from this theory and enjoyed a new level of popularity. These feelings were most pronounced in areas directly or harshly affected by the war. Adolf Hitler was able to gain popularity by using German discontent with the still controversial Treaty of Versailles. World WarII was in part a continuation of the power struggle never fully resolved by World WarI. Furthermore, it was common for Germans in the 1930s to justify acts of aggression due to perceived injustices imposed by the victors of World WarI. American historian William Rubinstein wrote that:
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The 'Age of Totalitarianism' included nearly all the infamous examples of genocide in modern history, headed by the Jewish Holocaust, but also comprising the mass murders and purges of the Communist world, other mass killings carried out by Nazi Germany and its allies, and also the Armenian Genocide of 1915. All these slaughters, it is argued here, had a common origin, the collapse of the elite structure and normal modes of government of much of central, eastern and southern Europe as a result of World WarI, without which surely neither Communism nor Fascism would have existed except in the minds of unknown agitators and crackpots.
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One of the most dramatic effects of the war was the expansion of governmental powers and responsibilities in Britain, France, the United States, and the Dominions of the British Empire. To harness all the power of their societies, governments created new ministries and powers. New taxes were levied and laws enacted, all designed to bolster the war effort; many have lasted to the present. Similarly, the war strained the abilities of some formerly large and bureaucratised governments, such as in Austria-Hungary and Germany.
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Gross domestic product (GDP) increased for three Allies (Britain, Italy, and the United States), but decreased in France and Russia, in neutral Netherlands, and in the three main Central Powers. The shrinkage in GDP in Austria, Russia, France, and the Ottoman Empire ranged between 30% and 40%. In Austria, for example, most pigs were slaughtered, so at war's end there was no meat.
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In all nations, the government's share of GDP increased, surpassing 50% in both Germany and France and nearly reaching that level in Britain. To pay for purchases in the United States, Britain cashed in its extensive investments in American railroads and then began borrowing heavily from Wall Street. President Wilson was on the verge of cutting off the loans in late 1916 but allowed a great increase in US government lending to the Allies. After 1919, the US demanded repayment of these loans. The repayments were, in part, funded by German reparations that, in turn, were supported by American loans to Germany. This circular system collapsed in 1931 and some loans were never repaid. Britain still owed the United States $4.4 billion of World WarI debt in 1934; the last installment was finally paid in 2015.
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Macro- and micro-economic consequences devolved from the war. Families were altered by the departure of many men. With the death or absence of the primary wage earner, women were forced into the workforce in unprecedented numbers. At the same time, industry needed to replace the lost labourers sent to war. This aided the struggle for voting rights for women.
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World War I further compounded the gender imbalance, adding to the phenomenon of surplus women. The deaths of nearly one million men during the war in Britain increased the gender gap by almost a million: from 670,000 to 1,700,000. The number of unmarried women seeking economic means grew dramatically. In addition, demobilisation and economic decline following the war caused high unemployment. The war increased female employment; however, the return of demobilised men displaced many from the workforce, as did the closure of many of the wartime factories.
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In Britain, rationing was finally imposed in early 1918, limited to meat, sugar, and fats (butter and margarine), but not bread. The new system worked smoothly. From 1914 to 1918, trade union membership doubled, from a little over four million to a little over eight million.
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Britain turned to her colonies for help in obtaining essential war materials whose supply from traditional sources had become difficult. Geologists such as Albert Kitson were called on to find new resources of precious minerals in the African colonies. Kitson discovered important new deposits of manganese, used in munitions production, in the Gold Coast.
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Article 231 of the Treaty of Versailles (the so-called "war guilt" clause) stated Germany accepted responsibility for "all the loss and damage to which the Allied and Associated Governments and their nationals have been subjected as a consequence of the war imposed upon them by the aggression of Germany and her allies." It was worded as such to lay a legal basis for reparations, and a similar clause was inserted in the treaties with Austria and Hungary. However, neither of them interpreted it as an admission of war guilt." In 1921, the total reparation sum was placed at 132 billion gold marks. However, "Allied experts knew that Germany could not pay" this sum. The total sum was divided into three categories, with the third being "deliberately designed to be chimerical" and its "primary function was to mislead public opinion ... into believing the "total sum was being maintained." Thus, 50 billion gold marks (12.5 billion dollars) "represented the actual Allied assessment of German capacity to pay" and "therefore ... represented the total German reparations" figure that had to be paid.
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This figure could be paid in cash or in-kind (coal, timber, chemical dyes, etc.). In addition, some of the territory lost—via the treaty of Versailles—was credited towards the reparation figure as were other acts such as helping to restore the Library of Louvain. By 1929, the Great Depression arrived, causing political chaos throughout the world. In 1932 the payment of reparations was suspended by the international community, by which point Germany had paid only the equivalent of 20.598 billion gold marks in reparations. With the rise of Adolf Hitler, all bonds and loans that had been issued and taken out during the 1920s and early 1930s were cancelled. David Andelman notes "refusing to pay doesn't make an agreement null and void. The bonds, the agreement, still exist." Thus, following the Second World War, at the London Conference in 1953, Germany agreed to resume payment on the money borrowed. On 3October 2010, Germany made the final payment on these bonds.
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The war contributed to the evolution of the wristwatch from women's jewellery to a practical everyday item, replacing the pocketwatch, which requires a free hand to operate. Military funding of advancements in radio contributed to the post-war popularity of the medium.
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Elizabeth Holmes
Elizabeth Anne Holmes (born February 3, 1984) is an American convicted fraudster and former biotechnology entrepreneur. In 2003, Holmes founded and was the chief executive officer (CEO) of Theranos, a now-defunct health technology company that soared in valuation after the company claimed to have revolutionized blood testing by developing methods that could use surprisingly small volumes of blood, such as from a fingerprick. By 2015, "Forbes" had named Holmes the youngest and wealthiest self-made female billionaire in America on the basis of a $9-billion valuation of her company. In the following year, as revelations of potential fraud about Theranos's claims began to surface, "Forbes" revised its estimate of Holmes's net worth to zero, and "Fortune" named her in its feature article on "The World's 19 Most Disappointing Leaders".
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Elizabeth Holmes
The decline of Theranos began in 2015, when a series of journalistic and regulatory investigations revealed doubts about the company's technology claims and whether Holmes had misled investors and the government. In 2018, the U.S. Securities and Exchange Commission (SEC) charged Theranos and Holmes with deceiving investors by "massive fraud" through false or exaggerated claims about the accuracy of the company's blood-testing technology; Holmes settled the charges by paying a $500,000 fine, returning 18.9 million shares to the company, relinquishing her voting control of Theranos, and accepting a ten-year ban from serving as an officer or director of a public company.
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Elizabeth Holmes
In June 2018, a federal grand jury indicted Holmes and former Theranos chief operating officer (COO) Ramesh "Sunny" Balwani on fraud charges. Her trial in the case of "U.S. v. Holmes, et al." ended in January 2022 when Holmes was convicted of defrauding investors, and acquitted of defrauding patients. On November 18, 2022, she was sentenced to serve years (135 months) in prison.
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Elizabeth Holmes
The credibility of Theranos was attributed in part to Holmes's personal connections and ability to recruit the support of influential people, including Henry Kissinger, George Shultz, Jim Mattis, and Betsy DeVos, all of whom had served or would go on to serve as U.S. presidential cabinet officials. Holmes was in a clandestine romantic relationship with Balwani during most of Theranos's history. Following the collapse of Theranos, she started dating hotel heir Billy Evans, with whom she had a son in 2021.
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Elizabeth Holmes
Holmes's career, the rise and dissolution of her company, and the subsequent fallout are the subject of a book, "", by "The Wall Street Journal" reporter John Carreyrou; an HBO documentary feature film, ""; and a Hulu miniseries called "The Dropout".
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Elizabeth Holmes
Elizabeth Holmes was born February 3, 1984, in Washington, D.C. Her father, Christian Rasmus Holmes IV, was a vice president at Enron, an energy company that later went bankrupt after an accounting fraud scandal. Her mother, Noel Anne (née Daoust), worked as a Congressional committee staffer. Christian later held executive positions in government agencies such as USAID, the EPA, and USTDA. Christian is of part Danish ancestry. Her paternal great-great-great-grandfather was Charles Louis Fleischmann, a Hungarian immigrant who founded the Fleischmann's Yeast company. The Holmes family "was very proud of its yeast empire" history, according to a family friend Joseph Fuisz, "I think the parents very much yearned for the days of yore when the family was one of the richest in America. And I think Elizabeth channeled that, and at a young age." Her mother was born in Georgia and has French Canadian ancestry on her father's side.
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Elizabeth Holmes
Holmes attended St. John's School in Houston. During high school, she was interested in computer programming and says she started her first business selling C++ compilers to Chinese universities. Her parents had arranged Mandarin Chinese home tutoring, and partway through high school, Holmes began attending Stanford University's summer Mandarin program. In 2002, Holmes attended Stanford, where she studied chemical engineering and worked as a student researcher and laboratory assistant in the School of Engineering.
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Elizabeth Holmes
After the end of her freshman year, Holmes worked in a laboratory at the Genome Institute of Singapore and tested for severe acute respiratory syndrome coronavirus (SARS-CoV-1) through the collection of blood samples with syringes. She filed her first patent application on a wearable drug-delivery patch in 2003. In March 2004, she dropped out of Stanford's School of Engineering and used her tuition money as seed funding for a consumer healthcare technology company.
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Elizabeth Holmes
In 2003, Holmes founded the company Real-Time Cures in Palo Alto, California, to "democratize healthcare". Holmes described her fear of needles as a motivation and sought to perform blood tests using only small amounts of blood. When Holmes pitched the idea to reap "vast amounts of data from a few droplets of blood derived from the tip of a finger" to her medicine professor Phyllis Gardner at Stanford, Gardner responded, "I don't think your idea is going to work", explaining it was impossible to do what Holmes was claiming could be done. Several other expert medical professors told Holmes the same thing. However, Holmes did not relent, and she succeeded in getting her advisor and dean at the School of Engineering, Channing Robertson, to back her idea.
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Elizabeth Holmes
In 2003, Holmes renamed the company Theranos (a portmanteau of "therapy" and "diagnosis"). Robertson became the company's first board member and introduced Holmes to venture capitalists.
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Elizabeth Holmes
Holmes was an admirer of Apple founder Steve Jobs, and deliberately copied his style, frequently dressing in a black turtleneck sweater, as Jobs did. Holmes says her mother dressed her in black turtlenecks when she was young, but an employee says she suggested copying Jobs's famous Issey Miyake turtleneck look in 2007.
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Elizabeth Holmes
During most of her public appearances, she spoke in a deep baritone voice, although a former Theranos colleague later claimed he heard her speak in a voice stereotypical of a woman her age to welcome him when he was hired. Gardner of Stanford also denies that Holmes has a naturally deep voice. Her family, however, has maintained that her deep voice is authentic.
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By December 2004, Holmes had raised $6 million to fund the firm. By the end of 2010, Theranos had more than $92 million in venture capital. In July 2011, Holmes was introduced to former secretary of state George Shultz. After a two-hour meeting, he joined the Theranos board of directors. Holmes was recognized for forming "the most illustrious board in U.S. corporate history" over the next three years.
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Elizabeth Holmes
Holmes operated Theranos in "stealth mode" without press releases or a company website until September 2013, when the company announced a partnership with Walgreens to launch in-store blood sample collection centers. She was interviewed for Medscape by its editor-in-chief, Eric Topol, who praised her for "this phenomenal rebooting of laboratory medicine". Media attention increased in 2014, when Holmes appeared on the covers of "Fortune", "Forbes", "", and "Inc." "Forbes" recognized Holmes as the world's youngest self-made female billionaire and ranked her #110 on the Forbes 400 in 2014. Theranos was valued at $9 billion and had raised more than $400 million in venture capital. By the end of 2014, her name appeared on 18 U.S. patents and 66 foreign patents. During 2015, Holmes established agreements with Cleveland Clinic, Capital BlueCross, and AmeriHealth Caritas to use Theranos technology.
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Elizabeth Holmes
John Carreyrou of "The Wall Street Journal" initiated a secret, months-long investigation of Theranos after he received a tip from a medical expert who thought that Theranos's Edison blood testing device seemed suspicious. Carreyrou spoke to ex-employee whistleblowers and obtained company documents. When Holmes learned of the investigation, she initiated a campaign through her lawyer David Boies to stop Carreyrou from publishing, which included legal and financial threats against both the "Journal" and the whistleblowers.
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Elizabeth Holmes
In October 2015, despite Boies's legal threats and strong-arm tactics, the "Journal" published Carreyrou's "bombshell article" detailing how the Edison device gave inaccurate results, and revealing that the company had been using commercially available machines manufactured by other companies for most of its testing. Carreyrou continued to report problems with the company and Holmes's conduct in a series of articles and, in 2018, published a book titled "", detailing his investigation of Theranos.
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Elizabeth Holmes
Holmes denied all the claims, calling the "Journal" a "tabloid" and promising the company would publish data on the accuracy of its tests. She appeared on CNBC's "Mad Money" the same evening the article was published. Jim Cramer said, "The article was pretty brutal", to which Holmes responded, "This is what happens when you work to change things, first they think you're crazy, then they fight you, and then all of a sudden you change the world."
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In January 2016, the Centers for Medicare and Medicaid Services (CMS) sent a warning letter to Theranos after an inspection of its Newark, California, laboratory uncovered irregularities with staff proficiency, procedures, and equipment. CMS regulators proposed a two-year ban on Holmes from owning or operating a certified clinical laboratory after the company had not fixed problems in its California lab in March 2016. On "The Today Show", Holmes said she was "devastated we did not catch and fix these issues faster" and said the lab would be rebuilt with help from a new scientific and medical advisory board.
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Elizabeth Holmes
In July 2016, CMS banned Holmes from owning, operating, or directing a blood-testing service for a period of two years. Theranos appealed that decision to a U.S. Department of Health and Human Services appeals board. Shortly thereafter, Walgreens ended its relationship with Theranos and closed its in-store blood collection centers. The U.S. Food and Drug Administration (FDA) also ordered the company to cease use of its Capillary Tube Nanotainer device, one of its core inventions.
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Elizabeth Holmes
In 2017, the State of Arizona filed suit against Theranos, alleging that the company had sold 1.5 million blood tests to Arizonans while concealing or misrepresenting important facts about those tests. In April 2017, the company settled the lawsuit by agreeing to refund the cost of the tests to consumers, and to pay $225,000 in civil fines and attorney fees, for a total of $4.65 million. Other reported ongoing actions include an unspecified investigation by the U.S. Federal Bureau of Investigation (FBI) and two class action fraud lawsuits. Holmes denied any wrongdoing.
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Elizabeth Holmes
On May 16, 2017, approximately 99 percent of Theranos shareholders reached an agreement with the company to dismiss all current and potential litigation in exchange for shares of preferred stock. Holmes released a portion of her equity to offset any dilution of stock value to non-participating shareholders.
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Elizabeth Holmes
In March 2018, the SEC charged Holmes and Theranos's former president, Ramesh Balwani, with fraud by taking more than $700 million from investors while advertising a false product. On March 14, 2018, Holmes settled an SEC lawsuit. The charges of fraud included the company's false claim that its technology was being used by the U.S. Department of Defense in combat situations. The company also lied when it claimed to have a $100 million revenue stream in 2014. That year, the company only made $100,000. The terms of Holmes's settlement included surrendering voting control of Theranos, returning 18.9 million shares to the company, a ban on holding an officer or director position in a public company for 10 years, and a $500,000 fine.
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At its height in 2015, Theranos had more than 800 employees. It dismissed 340 people in October 2016 and an additional 155 in January 2017. In April 2018, Theranos filed a WARN Act notice with the State of California, announcing its plans to permanently lay off 105 employees, leaving it with fewer than two dozen employees. Most of the remaining employees were laid off in August 2018. On September 5, 2018, the company announced that it had begun the process of formally dissolving, with its remaining cash and assets to be distributed to its creditors.
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On June 15, 2018, following an investigation by the U.S. Attorney's Office for the Northern District of California in San Francisco that lasted more than two years, a federal grand jury indicted Holmes and former Theranos chief operating officer and president, Ramesh "Sunny" Balwani, on nine counts of wire fraud and two counts of conspiracy to commit wire fraud. Both pleaded not guilty. Prosecutors allege that Holmes and Balwani engaged in two criminal schemes, one to defraud investors, the other to defraud doctors and patients. After the indictment was issued, Holmes stepped down as CEO of Theranos but remained chair of the board.
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Holmes was tried in the U.S. District Court for the Northern District of California, with U.S. district judge Edward Davila presiding. Holmes retained defense lawyers from Williams & Connolly, a prominent American law firm that specializes in white-collar crime defense. The trial began on August 31, 2021, after being delayed for over a year due to the COVID-19 pandemic and Holmes's pregnancy. The case was prosecuted by the United States Attorney for the Northern District of California. Holmes testified in self-defense for seven days, claiming among other things that she was misled by her staff about the technology, and that her ex-romantic partner Sunny Balwani, who was also facing trial, held influence over her during the romantic relationship they had and which was still ongoing when the alleged criminal acts happened. The case's evidence outlined Holmes's role in faked demonstrations, falsified validation reports, misleading claims about contracts, and overstated financials at Theranos.
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On January 3, 2022, Holmes was found guilty on four counts of defrauding investors three counts of wire fraud, and one of conspiracy to commit wire fraud. She was found not guilty on four counts of defrauding patients three counts of wire fraud and one of conspiracy to commit wire fraud. The jury returned a "no verdict" on three counts of wire fraud against investors the judge declared a mistrial on those counts and the government soon after agreed to dismiss them. Holmes waited on sentencing while remaining 'at liberty' on $500,000 bail, secured with property. She faced a maximum sentence of 20 years in prison, and a fine of $250,000, plus restitution, for each count of wire fraud and for each conspiracy count.
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On November 18, 2022, U.S. District Judge Edward Davila sentenced Holmes to years (135 months) in prison, and ordered her to surrender by April 27, 2023. The sentence included a fine of $400, or $100 for each count of fraud, and a three-year supervised release after the prison term. She could get about a 15% reduction on prison time with good behavior, which would put her sentence at years with no possibility for parole. Davila recommended she be incarcerated at Federal Prison Camp, Bryan, in Texas, a minimum security facility with limited or no perimeter fencing. "No one wants to get kicked out because compared to other places in the prison system, this place is heaven. If you have to go it's a good place to go," said a criminal defense lawyer.
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Holmes partnered with Carlos Slim in June 2015 to improve blood testing in Mexico. In October 2015, she announced #IronSisters to help women in science, technology, engineering, and mathematics careers. In 2015, she helped to draft and pass a law in Arizona to let people obtain and pay for lab tests without requiring insurance or healthcare provider approval, while misrepresenting the accuracy and effectiveness of the Theranos device.
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Theranos's board and investors included many influential figures. Holmes's first major investor was Tim Draper – Silicon Valley venture capitalist and father of Holmes's childhood friend Jesse Draper – who "cut Holmes a check" for $1 million upon hearing her initial pitch for the firm that would become Theranos. Theranos's pool of major investors expanded to include Rupert Murdoch, the Walton family, the DeVos family including Betsy DeVos, the Cox family of Cox Enterprises and Carlos Slim Helú. Each of these investors lost tens to hundreds of millions of dollars when Theranos folded.
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Elizabeth Holmes
One of Holmes's first board members was George Shultz. With Shultz's early involvement aiding Holmes's recruitment efforts, the 12-member Theranos board eventually included: Henry Kissinger, a former secretary of state; William Perry, a former secretary of defense; James Mattis, a future secretary of defense; Gary Roughead, a retired U.S. Navy admiral; Bill Frist, a former U.S. senator (R-TN); Sam Nunn, a former U.S. senator (D-GA); and former CEOs Dick Kovacevich of Wells Fargo and Riley Bechtel of Bechtel.
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Elizabeth Holmes
Before the collapse of Theranos, Holmes received widespread acclaim. In 2015, she was appointed a member of the Harvard Medical School Board of Fellows and was named one of "Time" magazine's ""Time" 100 most influential people". Holmes received the Under 30 Doers Award from "Forbes" and was ranked number 73 in its 2015 list of "the world's most powerful women". She was also named Woman of the Year by "Glamour" and received an Honorary Doctor of Humane Letters from Pepperdine University. Holmes was awarded the 2015 Horatio Alger Award of the Horatio Alger Association of Distinguished Americans, making her its youngest recipient in history. She previously had been named "Fortune"s Businessperson of the Year and had been listed in its 40 Under 40 feature. In 2015 she was a member of "Bloomberg's" 50 Most Influential.
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Holmes was romantically involved with technology entrepreneur Ramesh "Sunny" Balwani, a Pakistani-born Hindu who immigrated to India and then the US. She met him in 2002 during a trip to Beijing as part of Stanford University's Mandarin program. Holmes was 18 at the time, and had just graduated from high school; Balwani was 19 years older than she was and was married to another woman at the time.
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Balwani divorced his wife in 2002 and became romantically involved with Holmes in 2003, about the same time Holmes dropped out of university. The couple moved into an apartment together in 2005. Although Balwani did not officially join Theranos until 2009, when he was given the title of chief operating officer, he was advising Holmes behind the scenes from the company's inception. Holmes and Balwani jointly ran the company with a corporate culture of "secrecy and fear" according to employees. Their romantic relationship was kept secret for much of their time running the company. Balwani left Theranos in 2016 in the wake of investigations. The circumstances of his departure are unclear; Holmes has stated that she fired him, but Balwani says that he left of his own accord.
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On November 29, 2021, Holmes testified that she had been raped while she was a student at Stanford and that she sought solace from Balwani in the aftermath of the incident. She also said Balwani was very controlling during their romantic relationship, which lasted more than a decade, and at times he berated and sexually abused her. In her testimony, she stated he also wanted to "kill the person" she was and create a "new Elizabeth". However, she also testified that Balwani had not forced her to make the false statements to investors, business partners, journalists and company directors that had been described in the case. In court filings, Balwani has "categorically" denied abuse allegations, calling them "false and inflammatory."
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Elizabeth Holmes
Before the March 2018 settlement, Holmes owned half of Theranos's stock. "Forbes" listed her as one of America's Richest Self-Made Women in 2015 with a net worth of $4.5 billion. In June 2016, "Forbes" released an updated valuation of $800 million for Theranos, which made Holmes's stake essentially worthless, because other investors owned preferred shares and would have been paid before Holmes, who owned only common stock. Holmes reportedly owed a $25 million debt to Theranos in connection with exercising stock options. She did not receive any company cash from the arrangement, nor did she sell any of her shares, including those associated with the debt.
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In early 2019, Holmes became engaged to William "Billy" Evans, a 27-year-old heir to Evans Hotels, a family-owned group of hotels in the San Diego area. In mid-2019, Holmes and Evans reportedly married in a private ceremony. Holmes and Evans have not directly confirmed whether the two are legally married, and several sources continue to refer to him as her "partner" rather than her husband. The couple live in San Francisco. Holmes gave birth to a son in July 2021. In October 2022, weeks before her sentencing hearing, it was reported she was pregnant again.
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Elizabeth Holmes
In January 2022, NPR obtained a copy of a partial police report from the evening of October 5, 2003, in which Holmes called the police and alleged she was sexually assaulted at a fraternity house at Stanford between 1 a.m. and 3 a.m. that morning. The police report supported claims made by Holmes during the trial, in which she said: "I was questioning how I was going to be able to process that [rape] experience and what I wanted to do with my life, and I decided that I was going to build a life by building [a company]." She had started Theranos later that year. The report written by the deputies who responded to the call was withheld from release, and the partial information obtained by NPR does not identify an alleged perpetrator or other details about the incident, but identifies the street address of the Sigma Chi fraternity house as the location.
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Elizabeth Holmes
The case of Holmes is said to have created a stigma for other women entrepreneurs, particularly in the sciences and health care industries, who are often compared to her. Writing in "The New York Times", technology journalist Erin Griffith commented that "Holmes continues to loom large across the start-up world because of the audacity of her story, which has permeated popular culture," with women entrepreneurs reporting that "the frequent comparisons [to Holmes] are pernicious". Investor and executive Ellen Pao wrote in a "New York Times" opinion piece that Holmes was targeted for prosecution because of "sexism", and that her trial was a "wake-up call for sexism in tech."
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COVID-19 pandemic
The COVID-19 pandemic, also known as the coronavirus pandemic, is an ongoing global pandemic of coronavirus disease 2019 (COVID-19) caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2). The novel virus was first identified in an outbreak in the Chinese city of Wuhan in December 2019. Attempts to contain it there failed, allowing the virus to spread to other areas of Asia and later worldwide. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern on 30 January 2020, and a pandemic on 11 March 2020. As of , the pandemic had caused more than cases and confirmed deaths, making it one of the deadliest in history.
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COVID-19 pandemic
COVID-19 symptoms range from undetectable to deadly, but most commonly include fever, dry cough, and fatigue. Severe illness is more likely in elderly patients and those with certain underlying medical conditions. COVID-19 transmits when people breathe in air contaminated by droplets and small airborne particles containing the virus. The risk of breathing these in is highest when people are in close proximity, but they can be inhaled over longer distances, particularly indoors. Transmission can also occur if contaminated fluids reach the eyes, nose, or mouth, or, more rarely, via contaminated surfaces. Infected individuals are typically contagious for 10 days and can spread the virus even if they do not develop symptoms. Mutations have produced many strains (variants) with varying degrees of infectivity and virulence.
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COVID-19 pandemic
The COVID-19 vaccines have been approved and widely distributed in various countries since December 2020. According to a June 2022 study, COVID-19 vaccines prevented an additional 14.4 million to 19.8 million deaths in 185 countries and territories from 8 December 2020, to 8 December 2021. Other recommended preventive measures include social distancing, wearing masks, improving ventilation and air filtration, and quarantining those who have been exposed or are symptomatic. Treatments include novel antiviral drugs and symptom control. Public health mitigation measures include travel restrictions, lockdowns, business restrictions and closures, workplace hazard controls, quarantines, testing systems, and contact tracing of the infected, which, together with treatments, serve to bring about the control and eventual end of the pandemic.
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COVID-19 pandemic
The pandemic has triggered severe social and economic disruption around the world, including the largest global recession since the Great Depression. Widespread supply shortages, including food shortages, were caused by supply chain disruptions. Reduced human activity saw an unprecedented decrease in pollution. Educational institutions and public areas were partially or fully closed in many jurisdictions, and many events were cancelled or postponed during 2020 and 2021. Misinformation has circulated through social media and mass media, and political tensions have intensified. The pandemic has raised issues of racial and geographic discrimination, health equity, and the balance between public health imperatives and individual rights.
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COVID-19 pandemic
While the WHO considers the pandemic global and ongoing , some countries are transitioning their public health approach towards regarding SARS-CoV-2 as an endemic virus.
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COVID-19 pandemic
The pandemic is known by several names. It is sometimes referred to as the "coronavirus pandemic" despite the existence of other human coronaviruses that have caused epidemics and outbreaks (e.g. SARS).
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COVID-19 pandemic
During the initial outbreak in Wuhan, the virus and disease were commonly referred to as "coronavirus", "Wuhan coronavirus", "the coronavirus outbreak" and the "Wuhan coronavirus outbreak", with the disease sometimes called "Wuhan pneumonia". In January 2020, the WHO recommended 2019-nCoV and 2019-nCoV acute respiratory disease as interim names for the virus and disease per 2015 international guidelines against using geographical locations (e.g. Wuhan, China), animal species, or groups of people in disease and virus names in part to prevent social stigma. WHO finalized the official names COVID-19 and SARS-CoV-2 on 11 February 2020. Tedros Adhanom Ghebreyesus explained: COfor "corona", VIfor "virus", Dfor "disease" and 19 for when the outbreak was first identified (31 December 2019). WHO additionally uses "the COVID-19 virus" and "the virus responsible for COVID-19" in public communications.
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COVID-19 pandemic
WHO names variants of concern and variants of interest using Greek letters. The initial practice of naming them according to where the variants were identified (e.g. Delta began as the "Indian variant") is no longer common. A more systematic naming scheme reflects the variant's PANGO lineage (e.g., Omicron's lineage is B.1.1.529) and is used for other variants.
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COVID-19 pandemic
SARS-CoV-2 is a newly discovered virus that is closely related to bat coronaviruses, pangolin coronaviruses, and SARS-CoV. The first known outbreak started in Wuhan, Hubei, China, in November 2019. Many early cases were linked to people who had visited the Huanan Seafood Wholesale Market there, but it is possible that human-to-human transmission began earlier.
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COVID-19 pandemic
The scientific consensus is that the virus is most likely of a zoonotic origin, from bats or another closely-related mammal. Despite this, the subject has generated extensive speculation about alternative origins. The origin controversy heightened geopolitical divisions, notably between the United States and China.
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COVID-19 pandemic
The earliest known infected person fell ill on 1December 2019. That individual did not have a connection with the later wet market cluster. However, an earlier case may have occurred on 17 November. Two-thirds of the initial case cluster were linked with the market. Molecular clock analysis suggests that the index case is likely to have been infected between mid-October and mid-November 2019.
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COVID-19 pandemic
Official "case" counts refer to the number of people who have been tested for COVID-19 and whose test has been confirmed positive according to official protocols whether or not they experienced symptomatic disease. Due to the effect of sampling bias, studies which obtain a more accurate number by extrapolating from a random sample have consistently found that total infections considerably exceed the reported case counts. Many countries, early on, had official policies to not test those with only mild symptoms. The strongest risk factors for severe illness are obesity, complications of diabetes, anxiety disorders, and the total number of conditions.
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COVID-19 pandemic
In early 2020, a meta-analysis of self-reported cases in China by age indicated that a relatively low proportion of cases occurred in individuals under 20. It was not clear whether this was because young people were less likely to be infected, or less likely to develop symptoms and be tested. A retrospective cohort study in China found that children and adults were just as likely to be infected.
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COVID-19 pandemic
Among more thorough studies, preliminary results from 9 April 2020, found that in Gangelt, the centre of a major infection cluster in Germany, 15 per cent of a population sample tested positive for antibodies. Screening for COVID-19 in pregnant women in New York City, and blood donors in the Netherlands, found rates of positive antibody tests that indicated more infections than reported. Seroprevalence-based estimates are conservative as some studies show that persons with mild symptoms do not have detectable antibodies.
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COVID-19 pandemic
Initial estimates of the basic reproduction number (R) for COVID-19 in January 2020 were between 1.4 and 2.5, but a subsequent analysis claimed that it may be about 5.7 (with a 95 per cent confidence interval of 3.8 to 8.9).
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COVID-19 pandemic
In December 2021, the number of cases continued to climb due to several factors, including new COVID-19 variants. As of that 28December, 282,790,822 individuals worldwide had been confirmed as infected. , over 500 million cases were confirmed globally. Most cases are unconfirmed, with the Institute for Health Metrics and Evaluation estimating the true number of cases as of early 2022 to be in the billions.
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COVID-19 pandemic
As of , more than deaths had been attributed to COVID-19. The first confirmed death was in Wuhan on 9 January 2020. These numbers vary by region and over time, influenced by testing volume, healthcare system quality, treatment options, government response, time since the initial outbreak, and population characteristics, such as age, sex, and overall health.
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COVID-19 pandemic
Multiple measures are used to quantify mortality. Official death counts typically include people who died after testing positive. Such counts exclude deaths without a test. Conversely, deaths of people who died from underlying conditions following a positive test may be included. Countries such as Belgium include deaths from suspected cases, including those without a test, thereby increasing counts.
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COVID-19 pandemic
Official death counts have been claimed to underreport the actual death toll, because excess mortality (the number of deaths in a period compared to a long-term average) data show an increase in deaths that is not explained by COVID-19 deaths alone. Using such data, estimates of the true number of deaths from COVID-19 worldwide have included a range from 16.6 to 28.3 million by "The Economist", as well as over 10.3 million by the Institute for Health Metrics and Evaluation and ≈18.2 million (earlier) deaths between 1 January 2020, and 31 December 2021, by a comprehensive international study.<ref name="10.1016/S0140-6736(21)02796-3">News article about the study: </ref> Such deaths include deaths due to healthcare capacity constraints and priorities, as well as reluctance to seek care (to avoid possible infection). Further research may help distinguish the proportions directly caused by COVID-19 from those caused by indirect consequences of the pandemic.
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COVID-19 pandemic
In May 2022, the WHO estimated the number of excess deaths to be 14.9 million compared to 5.4 million reported COVID-19 deaths, with the majority of the unreported 9.5 million deaths believed to be direct deaths due the virus, rather than indirect deaths. Some deaths were because people with other conditions could not access medical services.
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COVID-19 pandemic
The time between symptom onset and death ranges from6 to 41 days, typically about 14 days. Mortality rates increase as a function of age. People at the greatest mortality risk are the elderly and those with underlying conditions.
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COVID-19 pandemic
The infection fatality ratio (IFR) is the cumulative number of deaths attributed to the disease divided by the cumulative number of infected individuals (including asymptomatic and undiagnosed infections and excluding vaccinated infected individuals). It is expressed in percentage points (not as a decimal). Other studies refer to this metric as the 'infection fatality risk'.
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COVID-19 pandemic
In November 2020, a review article in "Nature" reported estimates of population-weighted IFRs for various countries, excluding deaths in elderly care facilities, and found a median range of 0.24% to 1.49%.
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COVID-19 pandemic
IFRs rise as a function of age (from 0.002% at age 10 and 0.01% at age 25, to 0.4% at age 55, 1.4% at age 65, 4.6% at age 75, and 15% at age 85). These rates vary by a factor of ≈10,000 across the age groups. For comparison, the IFR for middle-aged adults is two orders of magnitude higher than the annualised risk of a fatal automobile accident and much higher than the risk of dying from seasonal influenza.
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COVID-19 pandemic
In December 2020, a systematic review and meta-analysis estimated that population-weighted IFR was 0.5% to 1% in some countries (France, Netherlands, New Zealand, and Portugal), 1% to 2% in other countries (Australia, England, Lithuania, and Spain), and about 2.5% in Italy. This study reported that most of the differences reflected corresponding differences in the population's age structure and the age-specific pattern of infections.
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COVID-19 pandemic
Another metric in assessing death rate is the case fatality ratio (CFR), which is the ratio of deaths to diagnoses. This metric can be misleading because of the delay between symptom onset and death and because testing focuses on symptomatic individuals.
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COVID-19 pandemic
Based on Johns Hopkins University statistics, the global CFR is ( deaths for cases) as of . The number varies by region and has generally declined over time.
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COVID-19 pandemic
Several variants have been named by WHO and labelled as a variant of concern (VoC) or a variant of interest (VoI). They share the more infectious D614G mutation: Delta dominated and then eliminated earlier VoC from most jurisdictions. Omicron's immune escape ability may allow it to spread via breakthrough infections, which in turn may allow it to coexist with Delta, which more often infects the unvaccinated.
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