FDA chief: Baby formula factory could reopen by next week

WASHINGTON (AP) — The head of the Food and Drug Administration told lawmakers on Thursday that an infant formula factory closed could be up and running as soon as next week, though he avoided questioning whether his agency should have stepped in sooner to fix the plant’s issues that triggered the nationwide shortage. FDA Commissioner … Read more

COVID REPORT: Six Hospitalizations, 430 New Cases Confirmed Last Week; Antiviral drugs available

Humboldt County Public Health reported six new hospitalizations today, two residents in their 60s and four aged 80 or older. An additional 306 confirmed positive cases of COVID-19 have been reported along with 124 new probable cases for the period between Tuesday May 10 and Tuesday May 17. The total number of confirmed cases in … Read more

Rivian had a tough week on the stock market; Is the future of Amazon’s electric vehicle in danger?

Despite production delays and market upheaval, Amazon is still counting on electric vehicle startup Rivian to help it meet ambitious climate goals and put tens of thousands of electric delivery vans on the road. Rivian runs a lean operation: The number of vehicles it produced this quarter almost exactly equals the number of semiconductors it … Read more

7 Big Moments From Bitcoin and Crypto’s Craziest Week – Decipher

Where to start? In a decade of crypto coverage, I’ve seen a lot of crazy things, but never a week like this. In the past, there have certainly been one-off incidents that shook up the industry – like the Mt. Gox hack in 2014, or Tesla buying $1.5 billion worth of Bitcoin, or Elon Musk … Read more

Bitcoin Tumbles, Stablecoin Plunges in Crazy Crypto Week

NEW YORK (AP) — It’s been a crazy week in crypto, even by crypto standards. Bitcoin plummeted, stablecoins were anything but stable, and one of the most prominent companies in the crypto industry lost a third of its market value. Here is a look at some major developments in cryptocurrencies this week: Bitcoin The price … Read more

Apple’s machine learning chief resigns after being forced back into the office three days a week

A senior Apple manager quit his job in protest against staff returning to the office three days a week. Ian Goodfellow, the director of machine learning, is said to be the longest-serving employee to quit so far as a result of the plan. On April 11, the company began mandating one day a week in … Read more

Peloton’s new CEO will face intense scrutiny when the company releases its results this week

A woman walks past a Peloton store in Manhattan on May 05, 2021 in New York City. John Smith | SEE press | Corbis News | Getty Images Analysts and investors are eager to hear from Peloton CEO Barry McCarthy and have him articulate his vision for the company’s future. He will have the opportunity … Read more

Top 5 cryptocurrencies to watch this week: BTC, ALGO, XMR, XTZ, THETA

The S&P 500 and Nasdaq have fallen for five consecutive weeks, indicating that traders continue to reduce their exposure to risky assets. Bitcoin (BTC)’s close correlation with US stock markets has kept its price under pressure. Bitcoin extended its decline over the weekend and is now on course for its sixth consecutive weekly loss, the … Read more

This Week in Pieces: Markets Slip for Fifth Straight Week, Argentina’s Largest Private Bank Offers Bitcoin Cryptocurrency

This week in parts. Illustration by Mitchell Preffer for Decrypt. For the fifth consecutive weekmajor cryptocurrencies such as Bitcoin and Ethereum have fallen, even as signs of wide-scale adoption continue to emerge: US customers of Gucci will be able to pay with bitcoin in select stores later this summer. Still, prices are a good indicator … Read more