politics

FDA announces it will make it easier to import some baby formulas to ease shortage

The US ordinarily produces 98% of the infant formula it uses, with imported formula primarily coming from Mexico, Ireland and the Netherlands, the agency said in a statement. But because of the shortage, the FDA is outlining a process by which it “would not object to the importation of certain infant formula products intended for …

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Abbott reaches agreement with FDA to reopen baby formula plant

A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues due to supply chain crunches tied to the coronavirus pandemic that have already strained the country’s formula stock, an issue that was further exacerbated by a major product recall in February. JimWatson …

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Supreme Court limits review of factual disputes in immigration cases

The ruling made it more difficult for non-citizens who are in removal proceedings to get a federal court to review factual determinations that were made by an immigration court concerning relief from deportation. Justice Amy Coney Barrett wrote the decision for a 5-4 court interpreting the law at issue even more strictly than the federal …

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15 stocks that have failed at least 33% but by these measures are still standouts in their sectors

During a year in which more than half of the stocks in the S&P 500 Index have declined 10% or more, you have probably seen the term “oversold” being bandied about. But what does oversold really mean? it means you think a stock has dropped too much, based on some quality you expect to fuel …

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Supreme Court sides with Ted Cruz, striking down cap on use of campaign funds to repay personal campaign loans

The court said that a federal cap on candidates using political contributions after the election to recover personal loans made to their campaign was unconstitutional. Chief Justice John Roberts wrote the 6-3 decision. Justice Elena Kagan wrote the dissent for her liberal colleagues, Justice Stephen Breyer and Justice Sonia Sotomayor. “The question is whether this …

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On hold for 72 minutes and apologetic customer service representatives: Testing out resources from the Biden administration’s new website for parents looking for baby formula

The White House was unable to point to federal guidance last Thursday on what parents struggling to find formula should do, and recommended that families reach out to their doctors and pediatricians if they were worried about their babies’ health. Then on Friday, it unveiled a new website: HHS.gov/formula. “We recognize that parents have a …

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Gloomy Goldman offers 20 ‘safety’ stocks with valuations below the previous 2 bear markets

It’s tight quarters in Wall Street’s bear sleuth these days. Goldman Sachs just downgraded their 2022 US growth forecast (to 2.4% from 2.6%) and 2023 (to 1.6% from 2.2%), as senior chairman Lloyd Blankfein warned of “very, very high” risks for a US recession. “If I were running a big company, I would be very …

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