Political | Process

The 1950s law gives the government more control over production during emergencies. The administration will use it to compel suppliers of formula ingredients to prioritize deliveries to formula manufacturers. Biden’s announcement comes after a bipartisan group of lawmakers urged him to invoke the Defense Protection Act as supply chain issues and…

The outcome of Pennsylvania’s intensely fought Republican U.S. Senate primary remained uncertain as election officials continued to count mail ballots early Wednesday. With 95% of the expected vote tabulated, the Associated Press had yet to call the contest, as celebrity surgeon Mehmet Oz and former hedge-fund executive David McCormick were separated by…

The tunnel began at a home in Tijuana, Mexico, and traveled across the border to a warehouse in Otay Mesa, California.  According to the Justice Department the tunnel was 1,744 feet long, 61 feet deep, and 4 feet in diameter with reinforced walls, a rail system, electricity, and ventilation. “There is no…

The Dow Jones Industrial Average fell 400 points shortly after the open Wednesday, down about 1.3%.  The S&P 500 fell 1.5%, and the tech-focused Nasdaq Composite receded 1.7%. Technology shares had led a rebound in markets Tuesday. Shares of retailer Target sank 24% after the company posted quarterly earnings that missed analysts’ expectations, hurt by supply-chain…

The bill follows several protests outside the homes of Supreme Court judges in the wake of the leaked draft opinion to overturn Roe V. Wade. DeSantis signed the law after protesters amassed at the homes of Supreme Court justices in recent weeks to lobby for the preservation of abortion rights. Chief…

The family and friends of Black Lives Matter co-founder Patrisse Cullors reaped millions in lucrative contracts and payments from the charity. Damon Turner, the father of Cullors’s only child, raked in $969,459 from the embattled charity through his art firm, Trap Heals, BLM’s Form 990 disclosure shows. An LLC run by Cullors’s brother, Paul…

In a note to clients, the investment bank’s equities team calculated twin full-year forecasts for the S&P 500. The base case is for the benchmark to close out 2022 at 4,300, a near-7% premium over Friday’s close. This assumes Corporate America will be able to eke out profits as they…

Biden signed an order earlier this month that will allow the Pentagon to once again deploy troops to the East African country, with an estimated cap of 450. White House National Security Council spokeswoman Adrienne Watson said the deployment would allow for “a more effective fight against Al Shabab,” the…

U.S. inflation remained close to a four-decade high in April, easing slightly to an 8.3% annual rate after hitting its highest rate in four decades in March. The White House on Monday pushed back against Amazon.com Inc. founder Jeff Bezos after he criticized the Biden administration in two tweets over the weekend for tying the corporate…

Michael Sussmann accused of lying to the Federal Bureau of Investigation about why he brought the FBI research derived from data Mr. Joffe helped compile. It is the first trial brought by special counsel John Durham, who was appointed by then-Attorney General William Barr to examine the early stages of the FBI’s investigation into…