Warren preps for tax fight

June 17, 2024

Business and Economics

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Auto workers approve contract to make electric vehicle batteries for GM at Ohio plant

Workers at an electric vehicle battery plant have approved a contract between the United Auto Workers and Altium Cells to make electric vehicle batteries for General Motors.

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FDA took 15 months to respond to whistleblower complaint about infant formula, audit finds

The Food and Drug Administration (FDA) was dangerously slow to respond to multiple complaints about conditions at Abbott Nutrition facilities that contributed to a nationwide infant formula shortage in 2022, according to a government watchdog report.

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With Trump in office, conservatives want to delay fundraising fight

Some conservatives, optimistic that former President Trump will likely retake the White House in November, have proposed a stopgap budget that would extend into next year rather than expire during the lame-duck session while President Biden is still in office.

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Ticker

Upcoming news topics and events to watch:

Boeing CEO David Calhoun He is scheduled to testify before the Senate Homeland Security Committee’s Permanent Subcommittee on Investigations, which has said the companyA broken safety culture“, Tuesday 2pm ET

Hill Event

Balancing the Federal Budget: A Bipartisan Conversation

Monday, June 17th — Streaming nationwide

participate The Hill Collaborates with the 92nd Street Y It offers a glimpse into the financial issues that will be crucial when voters head to the polls in November and beyond. Speakers:

Congressman Jody Arrington (R-Texas), Chairman of the House Budget Committee; Congressman Brandon Boyle (Democrat, Pennsylvania), ranking member of the House Budget Committee.

Click here to RSVP

In other news

Here’s a more detailed account of what happened that day:

Stock market today: Wall Street hits new records as big tech stocks continue to rise

NEW YORK (AP) — U.S. stocks rose to record highs on Monday, led by rally in technology companies.

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Good to know

Business and economic news from other media:

S&P 500, Nasdaq Bag END LOG (Market Watch)
Adidas Under investigation for allegations of embezzlement and bribery in China (CNN)
how Cryptocurrency Poised to influence the election (The New York Times)

What others are reading

Top stories on The Hill right now:

Bankruptcy judge considers stripping Giuliani of control of assets

Rudy Giuliani’s creditors tried Monday to convince a bankruptcy judge to appoint a receiver to manage the former New York City mayor’s finances. read more

Flying with Marijuana: Will the TSA stop you if you have edibles or CBD products in your luggage?

This summer is already a busy time for travel, and the Transportation Security Administration (TSA) reported that as of early June, seven of the agency’s 10 busiest days for travel occurred in 2024, meaning there’s a good chance we’ll be going through airport security soon. read more

What people think

Opinions on business and economic issues submitted to The Hill:

The hidden impact of the ‘grey market’ on global trade
Would a Democratic or Republican president be better for the economy?

All caught up. See you tomorrow!

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Warren preps for tax fight

Business and Economics

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