Boeing tries to catch up to SpaceX after plenty of drama

Boeing tries to catch up to SpaceX after plenty of drama

New York CNN Business — Boeing is the world’s largest aerospace company, a primary US defense contractor, and a titan of a global aviation duopoly. A few years ago, the idea that it would dominate commercial space was a given, and companies like SpaceX, a relatively young business relying on a strategy of moving fast … Read more

Abbott agrees to consent decree with FDA, could restart plant within 2 weeks, pending court approval

Abbott agrees to consent decree with FDA, could restart plant within 2 weeks, pending court approval

CNN — The baby formula manufacturer at the heart of a nationwide formula recall said Monday that it has reached an agreement with the US Food and Drug Administration to enter into a consent decree, a legally binding agreement that would require the company to take certain steps in response to violations found at its … Read more

Baby formula shortage: Biden administration seeks to help WIC families

Baby formula shortage: Biden administration seeks to help WIC families

CNN — The Biden administration is seeking to make it easier for low-income families to buy whatever baby formula is available on store shelves amid a nationwide shortage. About half of the infant formula in the US is purchased by those using federal WIC benefits, which allow them to obtain the formula for free but … Read more

Biden dismisses the idea that his administration should have acted sooner on baby formula shortage

Biden dismisses the idea that his administration should have acted sooner on baby formula shortage

CNN — President Joe Biden on Friday defended the White House’s response to a months-long shortage of infant formula in the United States and dismissed the idea that his administration should have acted sooner, saying they “moved as quickly as a problem became apparent to us.” Following remarks in the White House Rose Garden, Biden … Read more

More than half of early Covid-19 patients at one hospital had symptoms two years later, study finds

More than half of early Covid-19 patients at one hospital had symptoms two years later, study finds

CNN — Even two years after their initial infection, the majority of people who were hospitalized with Covid-19 early in the pandemic had lingering symptoms, according to a new study that may be one of the longest and largest on record to follow people with long Covid. The study, published Wednesday in The Lancet, found … Read more

Google announces new smartphones, a watch and tablet at its I/O developer conference

Google announces new smartphones, a watch and tablet at its I/O developer conference

CNN Business — Google on Wednesday unveiled an expanded lineup of hardware products in the latest sign it remains committed to moving beyond its core advertising business and competing with the likes of Apple. At its first in-person developer conference in three years, Google announced three new smartphones and its first in-house smartwatch as well … Read more

Boeing clashes with key supplier ahead of Starliner spacecraft launch

Boeing clashes with key supplier ahead of Starliner spacecraft launch

CNN Business — Boeing Co. is feuding with Aerojet Rocketdyne, a key supplier for its Starliner spacecraft, as the US aerospace giant races to test launch the uncrewed astronaut capsule and mend its reputation in the space sector, people familiar with the matter said. The CST-100 Starliner is scheduled for a May 19 Florida launch … Read more

Coinbase stock plunges again after company reports dismal results

Coinbase stock plunges again after company reports dismal results

New York CNN Business — The bitcoin crash is hitting Coinbase really, really hard. The cryptocurrency brokerage reported a first-quarter loss late Tuesday and revenue that fell 27% from a year ago, missing Wall Street’s forecasts. Coinbase shares plummeted nearly 25% in early trading Wednesday morning and hit their lowest level ever. Coinbase stock is … Read more