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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FDA Report Faults Agency’s Food Unit for Leaderless Dysfunction
The New York Times – Business: -
Small Investors Who Jumped Into Crypto on FTX Say, Now What?
The New York Times – Business: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 New York Times – Business: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 New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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 New York Times – Business: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.