EXCLUSIVE Maker of Walmart, Amazon store-brand infant formulas expects shortages through rest of 2022

NEW YORK, May 13 (Reuters) – Perrigo Company PLC (PRGO.N), which makes store-brand baby formulas for retailers including Walmart Inc (WMT.N) and Amazon.com Inc (AMZN.O) expects shortages and heightened demand to last for the “balance of the year,” said CEO Murray Kessler in an interview with Reuters. Perrigo’s formula manufacturing facilities in Ohio and Vermont … Read more

Mom Alleges TikTok Blackout Challenge Led to Daughter’s Death

photo: phBodrova (shutterstock) The mother of a 10-year-old daughter who died last year is suing TikTok and its parent company ByteDance over allegations the company’s algorithm promoted a so-called “Blackout Challenge” to the child’s feed. In a complaint filed Thursday, Tawainna Anderson, of Pennsylvania, said her daughter Nylah died last year after she asphyxiated when … Read more

Economists at Federal Reserve bank debunk popular Dem narrative about record-high gas prices

Economists at the Federal Reserve of Dallas published analysis this week debunking the popular claim that Democrats make against oil companies. What do the Democrats claim? As gas prices reached new record highs this week, the popular Democratic talking point — that oil and gas companies are profiteering — was recycled into the national conversation. … Read more

Robinhood soars after 30-year old crypto billionaire takes stake

new York CNN Business — It’s been a brutal year for Robinhood. The twin plunges of stocks and bitcoin have crushed the online brokerage’s sales. The company also reported a loss and drop in users. The stock has plummeted 40% this year and Robinhood recently announced a big round of layoffs. But there could be … Read more

Gas prices hit record high, analysts say ‘get used’ to it

The ongoing pain at the pump for Americans is getting even more brutal Friday — the gas prices reached a new record high. The national average for a gallon of regular increased to $4,432, according to AAA figures. That eclipses the previous all-time high set in mid-March when filling up tanks set drivers back an … Read more

Virginia Target workers join labor union movement: Here’s what both sides are saying

Check out what’s clicking on FoxBusiness.com. Workers at a Target store in Christiansburg, Virginia, have filed a petition with the National Labor Relations Board (NLRB) to hold a union election, saying inflation is outpacing their pay. The workers are joining the labor movement that is sweeping the nation and impacting major corporations including Amazon, Starbucks, … Read more

Elon Musk can’t just walk away from Twitter deal by paying $1 billion

Musk’s plan to buy Twitter has worried policymakers around the world. Joe Skipper | Reuters Elon Musk can’t just walk away from his deal to acquire Twitter by paying an agreed-upon $1 billion breakup fee. It’s not that simple. Musk Friday tweeted that he has decided to put his acquisition of Twitter “on hold” as … Read more

More Than 75 New Jersey Gas Stations Lowering Prices On Friday To Promote Self-Service – CBS Philly

CHERRY HILL, NJ (CBS) — More than 75 gas stations across New Jersey are lowering fuel prices on Friday in an effort to promote self-service. It’s all part of the “Fuel Your Way NJ” campaign that supports the “Motorist Fueling Choice and Convenience Act” which would allow New Jersey residents the option to pump their … Read more

Elon Musk says Twitter deal temporarily on hold

Placeholder while article actions load SAN FRANCISCO — Elon Musk tweeted early Friday that his $44 billion bid to buy Twitter was temporarily on hold as he examined the number of spam accounts on the site, sending the company’s stock down sharply. “Twitter deal temporarily on hold pending details supporting calculation that spam/accounts do indeed … Read more