*By Carlo Versano*
Google is "missing an opportunity" by not sending a top official to Capitol Hill next week to testify on election interference and censorship, Sen. Mark Warner (D-Va.) told Cheddar's J.D. Durkin on Wednesday.
Facebook and Twitter are both sending C-Suite executives ー COO Sheryl Sandberg and CEO Jack Dorsey, respectively ー to testify in front of both chambers on Sept. 5.
So far, Google has said it will only dispatch its general counsel, Kent Walker.
"We need policy makers, not simply their lawyers," Warner said.
The heads of the top social and web platforms will head to the Hill to answer questions about how they are combating misinformation campaigns from state actors like Russia and Iran ahead of the midterm elections. Additionally, they are expected to face pointed questions about censorship ー a topic that President Trump has been pushing, most recently on Wednesday afternoon when he told reporters, "I think they treat Republicans and conservatives very unfairly" and such handling "may not be legal."
That echoes the sentiment of several Trump tweets Tuesday which suggested that Google News technology suppressed conservative views. Economic adviser Larry Kudlow said the White House would look into the matter, but many questioned Trump's statements on their face.
"The president doesn't really understand how search algorithms work," Warner said, noting that content is ranked in searches as a result of computer calculations, not human action.
The last time officials from Facebook, Twitter, and Google testified together ー last November on the topic of Russian hacking ー the reaction from lawmakers was largely negative. Since then, each company has shown a more proactive approach to the policing of their platforms.
Warner said he hopes next week's hearings will be forward-looking. "We want to look at solution sets" for these complex problems, he said.
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.
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.
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.
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.
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.
The pain and grief from this week’s shooting in a 4th grade classroom at Robb Elementary School in Uvalde, Texas is still with us. Cheddar's Shannon Lanier ends the week by pausing to remember some of the faces of the 19 children killed and their teachers.
Cheddar New’s reporter Megan Pratz reports from the scene in Uvalde, Texas, with additional details that indicate the shooter was inside Robb Elementary School for more than an hour before law enforcement was able to confront and kill him.
U.S. stocks ended near session highs to close Thursday's session after retailers released positive earnings results. Investors also continued to weigh the federal reserve's recent indication that the central will raise rates in an effort to curb inflation. Adam Johnson, Portfolio Manager for Adviser Investments, joins Cheddar News' Closing Bell to discuss.
