Spurred by the infant formula crisis, a panel found that the agency shied away from tough decisions, sometimes fearing confrontations with industry over enforcement of critical public health issues.
Category: Regulation and Deregulation of Industry
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Small Investors Who Jumped Into Crypto on FTX Say, Now What?
Many small investors who piled into cryptocurrencies on FTX, BlockFi and other platforms are recognizing the perils of investing in an unregulated industry.
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The Crypto Industry Struggles for a Way Forward After FTX Collapse
The implosion of the exchange FTX shows how an industry built in the wake of the 2008 financial crisis has drifted far from its original ideals.
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Sam Bankman-Fried Addresses His Parents, Net Worth and More at DealBook Summit
The onetime crypto mogul also says he’s running out of funds, holed up in the Bahamas.
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BlockFi Files for Bankruptcy as FTX Fallout Spreads
BlockFi was financially entangled with FTX, and its stability was thrust into uncertainty after FTX collapsed.
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Gina Raimondo, a Rising Star in the Biden Administration, Faces a $100 Billion Test
Gina Raimondo, the commerce secretary, has made a career of tackling increasingly larger challenges. Could the next one be too big?
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Crypto Firm FTX’s Ownership of a U.S. Bank Raises Questions
Through a subsidiary, FTX invested $11.5 million in the parent company of Farmington State Bank, which has a single branch and, until this year, just three employees.
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Penguin Random House-Simon & Schuster Deal Collapses, Breaking Pattern in Publishing
The deal to acquire Simon & Schuster would have made the buyer, Penguin Random House, even larger, and reduced the number of big publishers in the U.S. to four.