Function Raises $450M, Spotify Personalizes Fitness, FTC Sues Hims

July 31, 2026: Your daily rundown of health and wellness news, in under 5 minutes.

Today's top stories:

• Function Health secures $450M non-dilutive financing from General Catalyst, using diagnostics as the entry point to build a continuous preventive health platform
• Spotify introduces Running Mode, an AI-powered experience creating personalized running playlists with coaching prompts as platforms compete on fitness engagement
• The FTC, joined by California and Utah, sues Hims & Hers over health data sharing and subscription practices, which the company denies and plans to fight

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