CNBC
CDC Looking Into 180 Cases Of Unexplained Pediatric Acute Hepatitis
The Centers for Disease Control and Prevention is now investigating 180 cases of children who suddenly developed severe hepatitis across 36 states and territories, an increase of 71 cases since the public health agency’s last update earlier this month.
The CDC said the vast majority are not new cases of hepatitis. Instead, the number of patients under investigation has increased as the agency looks more closely at data from October of last year.
The cases the CDC is investigating are unusual because the children have not tested positive for those viruses, and they have suffered severe symptoms, with 9% requiring liver transplants.Georgia Governer Brian Kemp is set to announce a $7 billion investment by Hyundai Motor Company (OTC: ) on Friday,.
The announcement is expected to coincide with U.S. President Joe Biden’s visit to Seoul.
The auto giant is planning to build a plant in Georgia to produce electric vehicles (EVs).
Wall Street Journal
White House To Prioritize Resources To Increase Production Of Baby Formula
The Biden administration is invoking the Defense Production Act to increase baby formula production, requiring suppliers to prioritize giving resources to U.S. formula manufacturers.
A new program called Operation Fly Formula would also direct the Defense Department to use its contracts with commercial air-cargo lines to pick up formula from other countries meeting U.S. health and safety standards.
The White House didn’t specify any countries. “The production of baby formula is so specialized and so specific that you can’t say to a company that produces something else: Produce baby formula,” White House press secretary Jen Psaki said
Netflix Said To Be Rapidly Losing Support From Longtime Subscribe
Netflix Inc’s (NASDAQ:NFLX) troubles seem to be running deeper. The streaming giant is reportedly losing the support of its longtime subscribers as it tries to pull out all the stops to turn around its fortune
Netflix subscribers who have been with the company for over three years made up 13% of those who canceled subscriptions in the first quarter, the Verge reported on Wednesday, citing the Information
Survey data viewed by the Information showed that longtime subscribers accounted for just 6% of cancellations in the second quarter of 2021, and those subscribed to the service for less than a year made up 70%, as per the report
How The Tables Have Turned: Could Elon Musk Be ‘Forced’ To Buy Twitter
The uncertainty around the Twitter, Inc. (NYSE:TWTR) deal has intensified ever since Elon Musk announced on the company’s namesake platform that the deal had been put on hol
A Wall Street Journal report, quoting lawyers, suggests it might be difficult for the Tesla, Inc. (NASDAQ: A) CEO to backtrack at this