New estimates show more than $60 billion in fraudulent unemployment benefits were paid out during the pandemic, according to a government watchdog.
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NYC Mayor Calls for Gun Detectors in Subways in Wake of Shootings
After two subway shootings in two months and the more recent mass shootings in Uvalde, Texas, and Buffalo, New York, Mayor Eric Adams is calling for gun detection scanners to be installed in New York City subways. The tech would be similar to that used in sporting arenas, however, experts note multiple difficulties with such a setup including the need for nearby human operators.
N2K: House Holds Gun Control Hearings, SCOTUS Stops Texas Social Media Moderation Law, Webb Telescope Gets A New Mission
Catching you up on what you need to know on Wednesday, June 1, 2022, House lawmakers hold an emergency hearing on gun control measures in the wake of the Uvalde shooting, the Supreme Court temporarily blocks Texas' law stopping social media moderation, and the James Webb Space Telescope gets a new mission.
Baby Formula Crisis Hits 70 Percent Out-of-Stock Rate Nationwide
With the baby formula in the United States surging to an out-of-stock rate of 70 percent, the FDA has given Abbott permission to reopen its Michigan plant amid the crisis and authorized foreign imports. Professor Peter Pitts, a former FDA associate commissioner and current president of the Center for Medicine in the Public Interest, joined Cheddar News to discuss the ongoing shortage and its wide impact. “As difficult as things is in urban areas, they’re even worse in small communities and tribal areas where parents can't just go to the next store on the corner," he said. Pitts also noted that the Abbott factory was a "disaster" prior to its shutdown and that it would have been "regulatory malpractice" to have left it open.
Frustration & Grief Grow In Uvalde Community
Cheddar's Megan Pratz reports from the ground in Uvalde, Texas where the community's grief and frustration with lawmakers and police officers grows as more details emerge.
N2K: Europe Cuts Ties With Russian Oil, Funerals Begin In Uvalde, Texas, POTUS Meets With BTS To Stop Asian Hate
Catching you up on what you need to know on Tuesday, May 31, 2022, EU leaders agree to ban 90% of Russian oil by year-end, funerals begin in Uvalde, Texas one week after a mass shooting killed 19 children and two adults, and President Biden meets with the world's biggest boy band BTS.
N2K: Biden Will Visit Texas As Families Grapple With Another School Shooting
Catching you up on what you need to know on Friday, May 26, 2022.
The Week's Top Stories: Beyond Meat Well Done, A&F Discomfort & Snap Not Clicking
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Governor Abbott Says He Was 'Misled' About Response to Shooting
Gov. Greg Abbott, who at a Wednesday news conference lauded the police response, said Friday that he was “misled,” and he’s “livid.”
Key Inflation Gauge Slowed to Still-High 6.3 Percent Over Past Year
An inflation gauge closely tracked by the Federal Reserve rose 6.3% in April from a year earlier, just below a four-decade high set in March and the first slowdown since November 2020.
