The formula shortage has exposed an inflexible industry dominated by just three to four large players that own a majority of formula production in the United States. There’s little wiggle room when one plant abruptly shuts down, as Abbott Nutrition’s plant in Sturgis, Michigan, did in February after bacterial contamination. By May, stores were reporting … Read more
people are changing their spending habits prices appear at rates not seen in four decades, making choices that please experiences. That means big demand for live sports. Demand for sports attendance is usually “unresponsive to price changes,” said Dennis Coates, a sports economics professor at the University of Maryland, Baltimore County. “Good times, bad times, … Read more
Artist renderings of the companies’ rockets, from left to right: New Glenn, Vulcan Centaur, and Ariane 6. Blue Origin / United Launch Alliance / Arianespace COLORADO SPRINGS, Col. – amazon on Tuesday announced what it says is the biggest rocket deal in the commercial space industry’s history, signing on with three companies for up to … Read more
CNN — President Joe Biden’s West Wing has been thrown into crisis mode over a nationwide shortage of baby formulawith top aides undertaking efforts to restock grocery store shelves while coming under fire for a mess they didn’t create and which they’re still working to grasp the scope of. The shortage has opened yet another … Read more
photo: Christian Petersen (Getty Images) The video game market is consolidating like never before, and Electronic Arts is scrambling like everyone else. The battlefield and FIFA maker recently pursued a merger with NBCUniversal, and also held potential acquisition talks with Disney, Apple, and other companies, according to a new report by puck. While a deal … Read more
CNN — Against the backdrop of the water crisis in the Colorado River Basin, where the country’s largest reservoirs are plunging at an alarming rate, California’s two largest reservoirs — Shasta Lake and Lake Oroville — are facing a similar struggle. Years of low rainfall and snowpack and more intense heat waves have fed directly … Read more