September 30, 2026

Oura Pauses IPO, Tiny Health Raises $33M, RFK Jr.’s Food Push Stalls

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From Wall Street to Washington, some of health’s biggest bets are facing resistance.

Oura presses pause

The smart ring maker is delaying its public listing amid market uncertainty, despite strong investor demand.

Oura had been seeking up to $2.2B at a valuation of roughly $15B.
Nearly two-thirds of the offering would come from existing shareholders selling their stakes, creating pricing pressure as early backer Forerunner Ventures looks to sell its entire 9.3% position.

The timing matters beyond Oura. There hasn’t been a public comparable for wearable companies since Fitbit went public in 2015.

Oura’s eventual debut will offer a market test for a new generation of wearable businesses built around recurring health data and services — not just hardware.

Tiny Health expands

The company raised $33M in a Series B to study the gut’s role in conditions including IBD, menopause, GLP-1 use, and cancer.

Tiny Health’s at-home tests combine metagenomic sequencing, AI, and longitudinal data to identify microbes at the strain level.
The company says its platform has surfaced metabolic, immune, and pathogen signals across roughly 200K patients and more than 6,000 practitioners.

Now, Tiny is expanding its B2B platform and AI health advisor, using microbiome data to connect the dots across areas like brain, muscle, and skin health — turning testing into an ongoing intelligence layer.

MAHA hits a snag

According to The Wall Street Journal, three of Robert F. Kennedy Jr.’s efforts to curb ultraprocessed foods (UPFs) have stalled, including a proposed definition that could cover much of the food in US grocery stores:

White House officials raised concerns about legal exposure, industry impact, and international trade.
The administration planned to unveil the definition in August, but the White House blocked it. Kennedy’s team tried again later that month and was stopped a second time.
A separate effort to tighten school-meal standards has also stalled, while a proposed safety review of common UPF ingredients has yet to launch.

For now, Kennedy’s food agenda remains in motion, but its biggest policy changes are stuck in review.

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