Thursday, May 19, 2022

May 19, 2022 - Scammers are taking advantage of a baby formula shortage, Federal Trade Commission warns

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TradeBriefs Editorial

From the Editor's Desk

These are the storytelling lessons I learned from Steve Jobs

Every product should have a story, a narrative that explains why it needs to exist and how it will solve your customer's problems. A good product story has three elements:

- It appeals to people's rational and emotional sides.
- It takes complicated concepts and makes them simple.
- It reminds people of the problem that's being solved - it focuses on the "why."

The story of your product, your company, and your vision should drive everything you do.

Continued here


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Scammers are taking advantage of a baby formula shortage, Federal Trade Commission warns
Scammers are taking advantage of a baby formula shortage, Federal Trade Commission warns
Scams have proliferated during the pandemic, costing Americans hundreds of millions of dollars. Some have preyed on people trying to collect financial assistance like unemployment benefits or stimulus checks, while others have involved vaccines, funeral expenses and fake health products, for example.


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Melvin Capital, hedge fund torpedoed by the GameStop frenzy, is shutting down.
Melvin Capital, hedge fund torpedoed by the GameStop frenzy, is shutting down.
Before deciding to shutter his fund, Mr. Plotkin had considered reconstituting it. The decision to close Melvin, which Mr. Plotkin named after his late grandfather, is a blow to Mr. Plotkin’s reputation. He had gained fame as one of the most successful portfolio managers to emerge from Mr. Cohen’s former hedge fund, SAC Capital.


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What We Get Wrong About Life Before Modern Baby Formula
What We Get Wrong About Life Before Modern Baby Formula
Breastfeeding has never been possible for everyone, and people have always needed substitutes for breast milk












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Joe Biden invokes Korean war-era powers to tackle baby formula shortage
Joe Biden invokes Korean war-era powers to tackle baby formula shortage
Keep abreast of significant corporate, financial and political developments around the world.Stay informed and spot emerging risks and opportunities with independent global reporting, expertcommentary and analysis you can trust.


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Dow Tumbles to Its Worst Day Since 2020. Don't Expect a Soft Landing.
Dow Tumbles to Its Worst Day Since 2020. Don't Expect a Soft Landing.
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.


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Senate panel investigates Abbott tax practices after contamination shut down baby formula plant
Senate panel investigates Abbott tax practices after contamination shut down baby formula plant
Califf will face questions from lawmakers about the infant formula shortage during a hearing in the House Appropriations agriculture subcommittee Thursday. Abbott executive Christopher Calamari will face questions from House Oversight and Investigations subcommittee next Wednesday.


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Why Tesla was kicked out of the S&P 500's ESG index
Why Tesla was kicked out of the S&P 500's ESG index
In that report, Tesla contended that other automakers could achieve higher ESG ratings even if they barely reduce their greenhouse gas emissions and continue manufacturing internal combustion engine vehicles.


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House to vote on $28 million in emergency funding to address baby formula shortage | CNN Politics
House to vote on $28 million in emergency funding to address baby formula shortage | CNN Politics
(CNN)The House of Representatives is taking up a pair of bills on Wednesday aimed at addressing a nationwide baby formula shortage, an issue that has sparked outcry across the country and put pressure on lawmakers to act.


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Opinion | You Shouldnt Need a Doctors Note to Switch Formula Brands
Opinion | You Shouldnt Need a Doctors Note to Switch Formula Brands
If you want a chance to get your Tiny Victory published, find us on Instagram @NYTparenting and use the hashtag #tinyvictories; email us; or enter your Tiny Victory at the bottom of this page. Include your full name and location. Tiny Victories may be edited for clarity and style. Your name, location and comments may be published, but your contact information will not. By submitting to us, you agree that you have read, understand and accept the Reader Submission Terms in relation to all of the content and other information you send to us.


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A Third Of US Should Be Considering Masks, Officials Say
A Third Of US Should Be Considering Masks, Officials Say
When the government officials make recommendations but do not set rules, “it ultimately rests on every single individual picking and choosing the public health that works for them. But that’s not what is effective. If you’re talking about stemming hospitalizations and even deaths, all of these interventions work better when people do it collectively,” she said.


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Stagflation alert: 77% of investment fund managers see an economic storm of slowing growth and high inflation taking hold over the next year
Stagflation alert: 77% of investment fund managers see an economic storm of slowing growth and high inflation taking hold over the next year
Stagflation may be coming, but 68% of fund managers believe inflation has already peaked, Bank of Americas May Global Fund Manager Survey shows.


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Over 75 Percent of Long Covid Patients Were Not Hospitalized for Initial Illness, Study Finds
Over 75 Percent of Long Covid Patients Were Not Hospitalized for Initial Illness, Study Finds
Researchers analyzed the largest database of private insurance claims in the United States in the first four months after a diagnostic code for long Covid was created.


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Happy is an Asian elephant. But can she also be considered a person?
Happy is an Asian elephant. But can she also be considered a person?
You may click on “Your Choices” below to learn about and use cookie management tools to limit use of cookies when you visit NPR’s sites. This page will also tell you how you can reject cookies and still obtain access to NPR’s sites, and you can adjust your cookie choices in those tools at any time. If you click “Agree and Continue” below, you acknowledge that your cookie choices in those tools will be respected and that you otherwise agree to the use of cookies on NPR’s sites.


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Grubhub offered free lunches in New York City. That's when the chaos began
Grubhub offered free lunches in New York City. That's when the chaos began
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Mariupol has fallen to Russia. Here's what that means for Ukraine
Mariupol has fallen to Russia. Here's what that means for Ukraine
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Generation covid: how the virus changed our lives, from 0-100
Generation covid: how the virus changed our lives, from 0-100
Many people dodged the virus. No one escaped its effects and aftershocks


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Elon Musk Goes On The Attack After Tesla Cut From S&P ESG Index
Elon Musk Goes On The Attack After Tesla Cut From S&P ESG Index
The worlds leading maker of electric vehicles has been cut from S&Ps index for environmentally conscious investors due to flaws in its business conduct and, ironically, low-carbon strategy.


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A new federal law bans baby sleep products linked to nearly 200 infant deaths
A new federal law bans baby sleep products linked to nearly 200 infant deaths
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DHS pauses a board created to combat disinformation amid a campaign to discredit it
DHS pauses a board created to combat disinformation amid a campaign to discredit it
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Meta freezes hiring for shopping team, Messenger Kids, and other products
Meta freezes hiring for shopping team, Messenger Kids, and other products
Mark Zuckerberg downplayed the possibility of layoffs


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The Ringling Bros. circus is coming back, with human acts in the center ring
The Ringling Bros. circus is coming back, with human acts in the center ring
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Stocks slump again. This time, it's retailers such as Target spooking investors
Stocks slump again. This time, it's retailers such as Target spooking investors
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Eric Clapton cancels shows after testing positive for COVID-19
Eric Clapton cancels shows after testing positive for COVID-19
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NHS reports alarming rise in hospital admissions for eating disorders
NHS reports alarming rise in hospital admissions for eating disorders
In the UK, Beat can be contacted on 0808-801-0677. In the US, the National Eating Disorders Association is on 800-931-2237. In Australia, the Butterfly Foundation is at 1800 33 4673. Other international helplines can be found at Eating Disorder Hope


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Joby Aviation acquires Avionyx TechCrunch
Joby Aviation acquires Avionyx  TechCrunch
Avionyx’s experience in the sector will be able to help Joby advance operations at its Vehicle Software Integration Lab in Marina, California, where Joby uses flight and hardware simulators to rapidly conduct thousands of pre-programmed tests to validate and verify the performance of its different aircraft software systems. The company said a similar facility will be set up in San Jose, Costa Rica, where Avionyx hails from, to accelerate those software verification efforts.


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Aurora expands autonomous freight pilot with FedEx in Texas TechCrunch
Aurora expands autonomous freight pilot with FedEx in Texas  TechCrunch
“Some time ago, I was asked why the general public should care about autonomous trucking. This is why. In six months of working with FedEx, we’ve safely, reliably, and efficiently transported packages for tens of thousands of FedEx customers,” said Sterling Anderson, Aurora co-founder and chief product officer, in a statement. “This lane expansion came ahead of schedule and we’re delighted to continue building the future of trucking with one of the country’s biggest and most important transportation companies.”


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5 Types of Onions, and How to Use Them
5 Types of Onions, and How to Use Them
From yellow onions to cipollini, these are the allium varieties you should know before cooking your next recipe.


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Ashley Biden, President Bidens daughter, and Xavier Becerra, the health secretary, test positive for the virus.
Ashley Biden, President Bidens daughter, and Xavier Becerra, the health secretary, test positive for the virus.
Ms. Biden and Mr. Becerra are among a handful of prominent people in the president’s orbit who have recently tested positive for the coronavirus, renewing concern about Mr. Biden’s potential exposure, though none have been considered close contacts. Susan Rice, the White House domestic policy adviser, tested positive last week.


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The Important Lesson Poo-Pourri Founder Suzy Batiz Learned About Viral Videos
The Important Lesson Poo-Pourri Founder Suzy Batiz Learned About Viral Videos
The founder achieved viral fame--and it sent her company into a tailspin.


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Why You Don't Need a Traditional College Education to Be Successful
Why You Don't Need a Traditional College Education to Be Successful
College is no longer the no-brainer route for exiting high school students. As tuition rises and the job market becomes tougher and tougher for students with degrees, college is not for everyone. According to a survey done by the College Board, a moderate college budget for an in-state public school in 2016 was $24,061. If []


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A Letter to My Fellow Asian Mothers From the Multiverse
A Letter to My Fellow Asian Mothers From the Multiverse
A raft of recent films like 'Everything Everywhere All at Once' highlights the complicated relationships between immigrant Asian women and their mothers.


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Netflix Cancellations Rise Among Long-Standing Subscribers
Netflix Cancellations Rise Among Long-Standing Subscribers
Netflix is losing its grip on long-standing subscribers. New data show that people who have been subscribers to Netflix for more than three years accounted for a significantly greater share of cancellations in the first quarter than they did two years earlier. The data help illuminate why ...


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Scientists Found an Animal That Walks on Three Limbs. Its a Parrot.
Scientists Found an Animal That Walks on Three Limbs. Its a Parrot.
Lovebirds and perhaps other species seem to confound natures strong preference for bilateral bodies.


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How the USWNT and USMNT achieved equal pay, rewrote history
How the USWNT and USMNT achieved equal pay, rewrote history
Cone added she wants the USSF to be a resource for other organizations -- in the sport of soccer and beyond -- to make their own push for equality. That way Wednesday\'s announcement will be just the beginning.


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Jill Ellis led the USWNT to World Cup titles, but she feels more pressure with NWSL's San Diego Wave
Jill Ellis led the USWNT to World Cup titles, but she feels more pressure with NWSL's San Diego Wave
On and off the pitch, it\'s far too early to make long-term predictions for the NWSL franchise, but those initial moments have certainly shown that there is undeniable potential. Either way, for Ellis, she\'ll continue down her new path. Whether hiking in the hills or taking calls in the office, she\'ll aim to find ways of progressing in her latest post-national team chapter.


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Amateur Investors Rode the Bull Up. Now the Bear Looms.
Amateur Investors Rode the Bull Up. Now the Bear Looms.
Challenging conditions like investors are now facing can get stressful in a hurry, Mr. Lipchus said. Right now, he’s keeping half his portfolio in cash — and is taking a fishing trip to the Thousand Islands in a couple of weeks to clear his head.


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Since Youre Already Getting a Flu Shot, Why Not One for Covid, Too?
Since Youre Already Getting a Flu Shot, Why Not One for Covid, Too?
“Without urgent additional funding, we are unable to secure enough booster shots for every American who wants one if they are needed in the fall, and we are unable to secure newer, more effective vaccines that protect against new variants,” Sarah Lovenheim, assistant secretary for public affairs at the Department of Health and Human Services, said.


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U.S. faces unnecessary Covid deaths if Congress fails to pass funding bill, top health official warns
U.S. faces unnecessary Covid deaths if Congress fails to pass funding bill, top health official warns
Jha said he has been talking regularly to lawmakers, particularly Republicans who have blocked the Senate from passing $10 billion in additional Covid funding. Senate Majority Leader Chuck Schumer, D-N.Y., and Sen. Mitt Romney, R-Utah, hammered out that much smaller funding deal in April. However, conservative legislators are refusing to support the deal unless the CDC reimposes a public health law that the U.S. used to deport asylum seekers arriving at the border with Mexico during the pandemic.


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Opinion: It's time for all professional sports to pay attention to what US Soccer just did
Opinion: It's time for all professional sports to pay attention to what US Soccer just did
(CNN)Coming some three months after the US Women\'s National Team (USWNT) settled its gender discrimination lawsuit against the US Soccer Federation to the tune of $24 million, the organizing body announced Wednesday a groundbreaking collective bargaining agreement (CBA) that is significant for reasons both symbolic and economic, creating an innovative answer as to what equal pay in sport -- and perhaps anywhere and everywhere else -- can actually look like.


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Opinion | Americas Doug Mastriano Problem
Opinion | Americas Doug Mastriano Problem
The Times is committed to publishing a diversity of letters to the editor. We’d like to hear what you think about this or any of our articles. Here are some tips. And here’s our email: letters@nytimes.com.


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Men, Share Your Stories About Abortion
Men, Share Your Stories About Abortion
The Times is looking for men based in the United States to share their stories about experiences with abortion. Have you been in the position of supporting or objecting to a woman’s decision to end a pregnancy? How did your personal experience shape the way you feel about abortion and abortion access today?


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U.S. Soccer and Top Players Agree to Guarantee Equal Pay
U.S. Soccer and Top Players Agree to Guarantee Equal Pay
And the men’s and women’s pay will still not be entirely equal: Injuries, coaching decisions and even the number of games played by each team will continue to affect what individual players can earn. But for the most prominent American female players, the deals could soon deliver an immediate payday by unlocking a $24 million settlement, largely for back pay, that they reached with U.S. Soccer in February to settle the gender discrimination lawsuit. U.S. Soccer had made that one-time payment contingent on reaching new collective bargaining agreements that formalized equal pay between the teams.


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Kevin McCarthy Goes Off Over Peloton Memberships For House Staffers
Kevin McCarthy Goes Off Over Peloton Memberships For House Staffers
Republican Drew Ferguson also took a dig at Pelosi, saying that “Americans can’t afford to buy groceries or put gas in their cars, and Nancy Pelosi decides now is a good time to open a Congressional liquor store on Capitol Hill.”


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Senators Blast Data Brokers For Sharing Location Info Of Abortion-Seekers
Senators Blast Data Brokers For Sharing Location Info Of Abortion-Seekers
“I think the fact that we have an entire sub-economy on this that’s incentivizing the endless collection of this data, even if the app or service doesn’t require your location – I think that invites us to think hard about whether we need to be setting clear limits on this type of thing,” she said. “And of course, there are a lot of discussions in Congress around potential privacy legislation.”


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The Trailer For Billy Eichner's History-Making "Bros" Is Finally Here
The Trailer For Billy Eichner's History-Making
“I’ve been an out performer since the first time I stepped on a comedy stage in New York over 20 years ago, and while it’s insane to me that it took this long to get this movie made, it’s still incredibly exciting to me ― and a real sign of progress ― that the same studio making movies like ‘Jurassic World’ and ‘The Fast and the Furious’ is also releasing this R-rated gay rom with an all LGBTQ+ cast, and with as much passion and enthusiasm as they release those other films. It’s taken way too long.”


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Wisconsin Man Celebrates 50 Years Of Daily Big Macs At McDonald's
Wisconsin Man Celebrates 50 Years Of Daily Big Macs At McDonald's
“If I go for 40,000, that’ll take me another 14 years or whatever like that,” Gorske told Green Bay ABC affiliate WBAY TV after he hit 30,000 Big Macs eaten. “I don’t think people celebrate 35,000 at all, so we’re probably looking at 14 more years down the road, and I’ll be 78 years old then! So we’ll have to see how I’m doing then, you know?”


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Bath & Body Works shares fall as retailer cuts profit outlook due to inflation
Bath & Body Works shares fall as retailer cuts profit outlook due to inflation
Bath & Body Works said it will be investing this year in revamping its loyalty program and in testing a new line-up of products, including hair care. While those investments can help to drum up demand from customers, they can also pressure profits in the near term.


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Japan's Nikkei 225 drops more than 2% as Asia stocks fall following tumble on Wall Street
Japan's Nikkei 225 drops more than 2% as Asia stocks fall following tumble on Wall Street
The Japanese yen traded at 127.92 per dollar, stronger than levels above 129 seen yesterday against the greenback. The Australian dollar was at $0.6961 after a recent decline from levels above $0.70.


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Under Armour CEO Patrik Frisk to step down, interim chief to take over June 1
Under Armour CEO Patrik Frisk to step down, interim chief to take over June 1
\"I am extremely proud of what we\'ve accomplished as a team,\" Frisk said in a statement issued Wednesday. \"Together, we have done a tremendous amount of work to strengthen this iconic brand while significantly solidifying its operations.\"


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Hasbro slams activist investor's proposed board directors as proxy battle heats up
Hasbro slams activist investor's proposed board directors as proxy battle heats up
Net revenue rose 4% to $1.16 billion, boosted by demand for toys based on \"Spider-Man: No Way Home\" as well as for role-playing games from franchises Magic: The Gathering and Dungeons & Dragons.


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UN confirms death of one of last Rwandan genocide fugitives
UN confirms death of one of last Rwandan genocide fugitives
“Although the exact cause of death is unknown, due to a lack of trained medical staff and facilities, it was from natural causes,” prosecutors said, adding he was buried there the next day “in a coffin in an unmarked grave”.


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White House braced for North Korean nuclear test during Bidens Asia trip
White House braced for North Korean nuclear test during Bidens Asia trip
"This might mean either a nuclear or a missile test," Lewis said, but added: "I suspect that North Korea's schedule has more to do with their own political concerns and technical factors than Biden's trip."


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Labor aims to improve delivery of federal services to diverse communities
Labor aims to improve delivery of federal services to diverse communities
“FECCA hopes that any such policy goes beyond just frontline staff and includes strategies for more culturally diverse staff at all levels of government services, agencies, and departments.


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Australian federal election 2022 live: Labor to release costings; April unemployment at 3.9%
Australian federal election 2022 live: Labor to release costings; April unemployment at 3.9%
Q: The New South Wales parliament is debating today laws that would legalise voluntary-assisted dying. Do you have a personal view on that legislation? And secondly the ACT and the NT are still prevented from making laws in this space because of a federal ban that dates back 25 years. If elected, Labor has committed to prioritising debate to be able to repeal that bill. Would you follow that lead?


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Comeback kid Kubler storms home in quest for French Open dream
Comeback kid Kubler storms home in quest for French Open dream
The rest of the Australian challenge faded on Wednesday, with Fourlis, Priscilla Hon, Arina Rodionova, Lizette Cabrera and Aleksandar Vukic all bowing out in second round clashes, leaving just two survivors from the dozen who’d begun the qualification quest.


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Coalition plan allowing first homebuyers to use super could shrink all workers retirement savings, industry analysis finds
Coalition plan allowing first homebuyers to use super could shrink all workers retirement savings, industry analysis finds
"The government's own majority report into housing affordability and supply in Australia concluded that superannuation should only ever be used for housing if there were commensurate measures to increase supply," he said.


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Liberal Medicare ad referred to AEC after Labor complaint over health department link
Liberal Medicare ad referred to AEC after Labor complaint over health department link
“I would also seek your assurance that the department will take proactive steps to ensure departmental websites are not used in a party-political manner, as appears to be the case in the example cited,” Butler said.


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Adelaide United and Melbourne City still deadlocked after tense first leg of semi-final
Adelaide United and Melbourne City still deadlocked after tense first leg of semi-final
“It’s a funny one, he said. “You say it like it’s a negative but when you look at it, we were consistently the best team over 26 games. “I don’t like when people say that because it’s disrespectful to the team. Because we’re the second team that’s ever done what we’ve done. So sometimes, teams need to get credited with the achievement.


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Russia-Ukraine war: what we know on day 85 of the invasion
Russia-Ukraine war: what we know on day 85 of the invasion
Russian forces occupying parts of north-eastern Ukraine early in the war subjected civilians to summary executions, torture, and other grave abuses that are apparent war crimes, Human Rights Watch said. The rights organisation documented 22 apparent summary executions, nine other unlawful killings, six possible enforced disappearances and seven cases of torture across 17 villages and small towns in the Kyiv and Chernihiv regions.


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US withdrawal triggered catastrophic defeat of Afghan forces, damning watchdog report finds
US withdrawal triggered catastrophic defeat of Afghan forces, damning watchdog report finds
According to the former official and a former Afghan government Ghani was afraid of a military coup. He became a “paranoid president … afraid of his own countrymen” and particularly of US-trained Afghan officers.


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Woman face whopping pensions gap in Great Britain, says TUC
Woman face whopping pensions gap in Great Britain, says TUC
"Our plans to remove the lower earnings limit for contributions and to reduce the eligible age of being automatically enrolled to 18 in the mid-2020s will enable even more women to save more and start saving earlier."


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Injured women face discrimination over life-saving drugs, say researchers
Injured women face discrimination over life-saving drugs, say researchers
One issue may be the training that doctors and paramedics have received. “Traditionally we are taught that trauma is about young men in car accidents, or doing something silly after consuming drugs or alcohol, but the reality is that it affects every spectrum of society, and it disproportionately affects older patients,” said Nutbeam. “Clinicians in the UK must be provided with clearer treatment guidance so that we can help reduce this bias.”




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