Former President Obama wished his wife Michelle Obama a happy birthday on Friday, calling her ‘the love of my life.’ The former first lady, who turned 61, has largely avoided being out in public in recent weeks. She will not attend President-elect Trump’s inauguration on Monday, and was not seen at former President Jimmy Carter’s funeral last week. To commemorate ...
The Treasury Department announced this week that it had recouped more than $31 million in fraud and improper payments to dead people during just five short months of having access to the Social Security Administration’s (SSA) federal death database. The Treasury Department issues billions of payments every year, including benefit payments, federally funded state-administered payments and other miscellaneous payments. Sending ...
The U.S. Food and Drug Administration formally authorized Zyn nicotine pouches for sale after conducting an ‘extensive scientific review’ about their safety. In a release Thursday, the agency said it had found that the popular pouches posed lower risk of cancer and other serious health conditions compared with cigarettes, as well as in relation to other smokeless tobacco products. The ...
The CEO of UnitedHealth Group said Thursday that shortcomings of America’s health care system must be addressed. On the company’s first earnings call since the fatal shooting of UnitedHealth executive Brian Thompson, CEO Andrew Witty said that while the U.S. provides world-leading care in many respects, there are systemic flaws that are working to drive up health costs for people ...
The Federal Trade Commission said Friday that it is suing PepsiCo for illegal price discrimination, alleging the food and beverage giant gave an unnamed retailer more favorable prices than its competition. Walmart is the unnamed retailer, people familiar with the matter told CNBC. The FTC alleges Pepsi violated the Robinson-Patman Act, which bars sellers from giving competing buyers different prices for the same “commodity” or ...
Asset management giant Vanguard has been fined more than $100 million to settle charges related to disclosures around target date investment funds, the Securities and Exchange Commission announced Friday. The alleged violations stem from a 2020 change where Vanguard lowered the minimum investment requirement for its institutional target date funds. The SEC order found that the change spurred redemptions as Vanguard customers ...
President-elect Trump’s inauguration will now take place inside the U.S. Capitol due to cold weather forecast for Monday, the first indoor inauguration since President Ronald Reagan’s second inauguration in January 1985. On that frigid January 20th 40 years ago, the air temperature was 7 degrees, with a windchill of -40. Monday’s forecast is a high of 23 degrees and a ...
President-elect Donald Trump is planning to immediately shake up the State Department by moving new officials into top roles. A source familiar with the situation tells Fox News that the new Trump administration will immediately move new officials into key operational roles at the State Department to ensure the department is carrying out the Trump foreign policy agenda from day ...
A group of high powered investors want to raise billions to form a new international basketball league, according to people familiar with the matter. The new organization would offer players equity, those people said. The investors aim to raise $5 billion for the league, which could serve as a rival to the NBA if it can offer big-money deals to players, similar ...
The Biden administration on Friday maintained that it will not actively enforce a federal law set to ban the Chinese-owned social media app TikTok, instead punting any action to the incoming Trump administration. The Supreme Court issued a ruling earlier in the day upholding the looming ban, which is set to go into effect on Sunday. ‘The Administration, like the ...