Economy May 16 FDA, Abbott reach agreement to reopen baby formula plant Infant formula maker Abbott says it's reached an agreement with U.S. health officials to restart production at its largest domestic factory, a key step toward easing a nationwide shortage. By Zeke Miller, Matthew Perrone, Associated Press
Economy May 16 McDonald’s to sell its 850 restaurants in Russia The fast food giant pointed to the humanitarian crisis caused by the war, saying holding on to its business in Russia "is no longer tenable, nor is it consistent with McDonald's values."… By David Koenig, Associated Press
Nation May 13 Watch 4:46 News Wrap: Russia extends U.S. basketball star Brittney Griner’s detention In our news wrap Friday, U.S. basketball star Brittney Griner will spend another month in pre-trial detention in Russia, South Korea offers medical supplies to North Korea for an apparent COVID outbreak, Israeli police charged and beat mourners before an…
Economy May 13 Wild week in crypto ends as Bitcoin and stablecoin tumble It's been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value. By Matt Ott, Ken Sweet, Associated Press
May 12 Watch 4:55 News Wrap: Jan. 6 panel subpoenas Kevin McCarthy and four other Republicans In our news wrap Thursday, the Jan. 6 committee in Congress subpoenaed House Minority Leader Kevin McCarthy and four other Republicans, North Korea acknowledged its first COVID outbreak, Palestinians mourn journalist Shireen Abu Akleh who was shot dead during an… Continue watching
May 12 China continues ‘zero-COVID’ tactics despite economic slump By Joe McDonald, Associated Press China’s leaders are struggling to reverse a deepening economic slump without giving up a “zero-COVID” strategy that shut down Shanghai and other cities. Continue reading
May 11 Watch 4:42 News Wrap: Sharp rise in inflation may have hit a peak, but remains near 40-year highs In our news wrap Wednesday, the Labor Department's April consumer price report shows a slight drop in inflation increases amid 40-year highs, Hong Kong police arrested a Catholic cardinal for endangering China's national security, the Great Barrier Reef suffered its… Continue watching
May 11 U.S. prices see smallest rise in eight months, spurring hopes that inflation may be peaking By Christopher Rugaber, Associated Press Inflation slowed in April after months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Continue reading
May 10 Watch 5:29 News Wrap: Biden defends his economic policies amid rising inflation By PBS NewsHour In our news wrap Tuesday, President Biden defended his economic policies in the face of the worst inflation in 40 years and said his proposal for taxing billionaires could bring down rising costs. Also, Treasury Secretary Janet Yellen argued abortion… Continue watching