House Democrats to hold hearings on infant formula crisis, introduce bill to strengthen FDA inspections

House Democrats will hold hearings on the U.S. formula shortage and pass legislation to increase Food and Drug Administration inspection staff to ensure imported products are safe for infants. Representative Rosa DeLauro, chair of the House Appropriations Committee, on Tuesday introduced a bill that would provide the FDA with $28 million in emergency funding to … Read more

Why is Elon Musk really putting his Twitter deal ‘on hold’?

Elon Musk cited bots when he said Twitter’s $44 billion takeover was “temporarily on hold,” but not everyone believes that explanation. On Friday, the world’s richest man tweeted that he was suspending his bid as he awaits further information to confirm whether the social media company’s quarterly estimates of his fake accounts were accurate, sending … Read more

Elon Musk says his deal to buy Twitter is on hold

“The Twitter agreement is temporarily suspended pending details supporting the calculation that spam/fake accounts actually represent less than 5% of users,” Musk said. tweeted Friday. The news initially caused Twitter shares to fall more than 20% in premarket trading before the stock rebounded somewhat. Two hours after his first tweet, Musk said he was “still … Read more