The new head of the Food and Drug Administration division that regulates infant formula was in recent months a corporate lawyer defending a top formula maker from claims that its product gave rise to debilitating harm to premature babies. Kyle A. Diamantas joined the F.D.A. last month to lead the …
The consequences of a crypto reserve Cryptocurrencies are again riding high, after President Trump announced that he would create a national crypto reserve with five tokens, including three lesser-known and highly volatile ones. It’s the latest boost that Trump has given the crypto industry, which spent some $130 million backing …
With the government seemingly stepping back from regulatory duties, consumers may have to act as their own financial watchdogs. The Consumer Financial Protection Bureau, the independent federal agency created after the 2008 financial crisis to shield people from fraud and abuse by lenders and financial firms, has been muzzled, at …
During his first term in office, President Trump described the European Union “as a foe,” established “to hurt the United States on trade.” He repeated the charge at a cabinet meeting on Wednesday, but in more vulgar terms: “The European Union was formed in order to screw the United States. …
Galina Timchenko, publisher and chief executive of the investigative newsroom Meduza, thought she was ready for anything. The site, based in Latvia and known for its fearless reporting on Vladimir V. Putin’s regime, had prepared for cyberattacks, legal threats and even poisonings of its reporters. One thing she hadn’t anticipated: …
Formaldehyde, the chemical of choice for undertakers and embalmers, is also used in products like furniture and clothes. But it can also cause cancer and severe respiratory problems. So, in 2021, the Environmental Protection Agency began a new effort to regulate it. The chemicals industry fought back with an intensity …
Fresh off the worst inflation shock in decades, Americans are once again bracing for higher prices. Expectations about future inflation have started to move up, according to metrics closely watched by officials at the Federal Reserve. So far, the data, including a consumer survey from the University of Michigan and …
The nation’s largest association of psychologists this month warned federal regulators that A.I. chatbots “masquerading” as therapists, but programmed to reinforce, rather than to challenge, a user’s thinking, could drive vulnerable people to harm themselves or others. In a presentation to a Federal Trade Commission panel, Arthur C. Evans Jr., …
Dr. Mehmet Oz, the celebrity TV doctor nominated by President Trump to oversee Medicare and Medicaid, has been a relentless promoter of controversial private insurance plans for older Americans. “I’d be signing up,” he told viewers, directing them to a call center in an episode that is still available on …
In recent years, the Food and Drug Administration hired experts in surgical robots and pioneers in artificial intelligence. It scooped up food chemists, lab-safety monitors and diabetes specialists who helped make needle pricks and test strips relics of the past. Trying to keep up with breakneck advances in medical technology …
