Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
President Trump also said he is "not looking for a partial deal" with Beijing, moving away from his suggestion last week that he would consider an "interim deal."Politicsread more
Progress on trade talks will determine how far market will move above new highs.Trader Talk with Bob Pisaniread more
"Sure, the trade war's taking its toll on business ... it's just not taking its toll where it was supposed to," Jim Cramer says.Mad Money with Jim Cramerread more
Joe Biden called on President Donald Trump Friday to release the transcript of a call with a foreign leader that is the subject of a whistleblower complaint. Biden described...Politicsread more
For investors taking a breather from the chaos in August, buckle up as the market is about go crazy again, Goldman Sachs warned.Marketsread more
Palantir Technologies is targeting a valuation of at least $26 billion in a private fundraising round, the first for the Peter Thiel-backed data analytics startup in four...Wall Streetread more
Michael Pack, a conservative filmmaker linked to Steve Bannon, saw at least $1.6 million in donations from his nonprofit sent into the coffers of his independent production...Politicsread more
The New England Patriots released Antonio Brown just 11 days after signing the wide receiver. The NFL Super Bowl champion team initially had kept him in the face of a rape...Sportsread more
Sometimes in order to gain insight into innovative trends happening in the market, Jim Cramer likes to go off the tape to speak with privately held companies that could be a game changer for its industry.
That is why Cramer decided to take a closer look a Theranos. This is a privately held revolutionary diagnostics company with the goal of allowing individuals to take better control of their bodies, while changing the inefficient ways of an older medical system.
Elizabeth Holmes founded the Theranos technology, which allows individuals to provide blood samples in a way that is faster, cheaper and better. As a college dropout from Stanford University when she was a sophomore, Holmes decided to take her money and focus on changing the world instead.
In 2014 Theranos raised $400 million, and the company was valued at $9 billion. As a 50 percent owner of the company, Holmes became the youngest self-made female billionaire in the world in 2014.
"This is a revolutionary company that threatens to change healthcare the same way that Amazon changed retail or Intel and Microsoft changed computing, or Apple changed the cellphone," the "Mad Money" host said.
To find out more about the company, Cramer sat down with the founder and CEO Elizabeth Holmes back in April.
"The goal is to empower the individual. We believe strongly that the future of healthcare is in enabling the individual to have the information that they need to take ownership of their health," Holmes said.
The CEO showed Cramer a small tube the size of a pill, which can now be used to replace the big vials currently used to draw blood, simply with the prick of a finger. Currently 80 percent of clinical decisions are made based on lab results from blood testing.
Ultimately Theranos will allow this information to be as painless as possible, cost less and provide further transparency by providing information around pricing so that patients know before they buy a service how much it is going to cost them.
Recently Walgreen's Boots Alliance enlisted Theranos Labs to be available in select wellness centers across the state of Arizona. This was a game changer, as now patients have the ability to have blood drawn during more flexible hours on the weekend. Previously, the only option would be to go to the emergency room to have such a procedure done.
Theranos also will encourage patients to have more testing done, as previously the thought of a needle drawing blood from the arm could be daunting to some, especially children and Holmes herself.
"Absolutely, myself included, I am absolutely terrified of it. I've always said that if you were to think of torture experiments, it would be a phenomenal one because you sit there and watch as your blood is sucked out of you," Holmes said.
She also explained that this could be incredible useful for cancer patients who frequently have to give blood for testing. They also saw incredible results for mothers of autistic children, as Holmes stated that these children would have to be strapped to chair in order to draw blood.
Read more from Mad Money with Jim Cramer
"We have a belief system, which that this is not about us or our technology. It's about giving people a basic right that they have lost. This is the ability to get access to their health information. Our belief is that the cost of testing should be lower across the board," Holmes added. (Tweet this)
Cramer thought it even reasonable to compare Holmes to what Steve Jobs of Apple did for computing, as he regards her as a visionary for the next generation. He asked her if that is an immense amount of pressure for the CEO to have.
"I don't think there is another Steve Jobs. He was a phenomenal entrepreneur. We've got an incredible opportunity to try to uphold a legacy in Silicon Valley of change in the world, and we are working 24-7 to do it," Holmes replied.
Correction: This article has been updated to reflect Cramer's comparison of Elizabeth Holmes to Steve Jobs and what he did for computing, along with her response that she does not think there is another Steve Jobs.