A recent report from the U.S. Government Accountability Office (GAO) highlights key vulnerabilities in the infant formula supply chain and suggests reforms to prevent future shortages. This comes after a 2022 formula crisis left families across the nation struggling to access an essential source of infant nutrition.
Scott Bessent, nominee for Treasury Secretary under the incoming Trump administration, is set to outline a bold economic agenda during his Senate confirmation hearing Thursday. According to prepared remarks, Bessent will emphasize the need to permanently extend the 2017 Tax Cuts and Jobs Act while advancing new policies to reduce the tax burden on manufacturers, service workers, and seniors.
The Pharmacy Benefit Managers (PBMs) marked up the cost of some prescription drugs by 1,000%, according to a report from the Federal Trade Commission (FTC). Some of the drugs with significant price jumps included those for HIV and cancer.
On her Monday night show, MSNBC’s Joy Reid made a controversial claim, alleging that the "billionaire right" plans to exploit the destruction caused by the ongoing Los Angeles wildfires to create "apartheid-like conditions" in Southern California.
As the U.S. moves closer to a potential ban on TikTok, a massive influx of users has turned to RedNote, a Chinese social media platform also known as Xiaohongshu.
With less than a week until Inauguration Day, former President Donald Trump’s team is rallying support for his “Make America Wealthy Again” (MAWA) agenda, a continuation of his America First policies. In a video released to Breitbart News, Trump lays out his promises to reduce costs and reinvigorate the economy by prioritizing energy independence, cutting taxes, and fighting inflation.
In the wake of devastating wildfires in the Pacific Palisades and Pasadena/Altadena areas, Los Angeles renters are encountering instances of illegal price gouging. Despite California’s strict laws prohibiting such practices during emergencies, some landlords have significantly raised rental prices, exploiting displaced residents.
Vice President-elect JD Vance has sharply criticized the Biden administration, labeling its economic and policy legacy as a "dumpster fire" during an appearance on Fox News Sunday. Vance’s remarks come as President-elect Donald Trump prepares to assume office after a contentious election.
The Department of Justice (DOJ) announced Tuesday that it has filed an amended complaint in its lawsuit against RealPage, a software company, and six of the nation’s largest landlords, accusing them of engaging in anti-competitive practices through algorithmic pricing schemes that have harmed millions of renters.
