Oil refineries are making a fortune, but that’s not stopping them from closing
A White House desperate to bring down gas prices is having little success persuading refinery owners to expand operations, and more closures are imminent.
The Washington Post
Articles
Supreme Court rejects appeal from Roundup maker over cancer claims
The decision by the justices not to intervene has implications for thousands of similar lawsuits against the company Bayer.
Recession fears grow as Dow closes below 30,000, mortgage rates spike
Financial markets shuddered Thursday as they adjusted to the Federal Reserve’s latest attempts to address inflation.
Coinbase’s layoffs suggest crypto’s problems are spreading
The crypto-exchange giant Coinbase said Tuesday it was laying off nearly one-fifth of its workforce, a sobering sign that the challenges of the once blazingly hot industry go beyond those of troubled bank Celsius to the very heart of the crypto-investment world.
Tampon manufacturers say they’re working to address reported shortages
On Monday, U.S. Senator Maggie Hassan sent a letter to Procter & Gamble, Edgewell Personal Care, Johnson & Johnson and Kimberly-Clark asking what they plan to do to address reports of diminished supply and price gouging by third-party sellers.
COVID making flu, other common viruses act in unfamiliar ways
In hospitals across the country, physicians are adjusting protocols that for decades reflected a predictable cycle of illnesses that would come and go when schools closed or the weather changed.
Geico facing $5.2M payout to woman who got HPV after sex in car
A three-judge appeals court panel upheld a county court’s decision affirming an arbitrator’s finding that the woman was entitled to the award.
Small cancer drug trial sees tumors disappear in 100% of patients
Researchers in the field of colorectal cancer are hailing the study, published Sunday in the New England Journal of Medicine, as a groundbreaking development that could lead to new treatments for other cancers as well.
Empty wallets, empty tanks: Surging gas prices leave more drivers stranded
The incessant run-up in prices has motorists testing the limits of their fuel gauges: AAA fielded 50,787 out-of-gas calls in April, a 32% jump from the same month last year.
U.S. watchdog warns unemployment benefits are at ‘high risk’ of fraud, abuse
The Government Accountability Office’s findings underscore the immense task facing Washington as it attempts to keep watch over the roughly $5 trillion in emergency aid it approved since the start of the pandemic.
Children’s Museum apologizes for selling Juneteenth watermelon salad
In an apology posted to its website, the museum said that, although serving the watermelon salad was based on staff members’ family traditions, it acknowledges “the negative impact that stereotypes have on Black communities.”
Pfizer seeks authorization of coronavirus shot for children under 5
The advance toward a vaccine for infants, toddlers and preschoolers has been an achingly slow and incremental process, with pediatricians and families waiting for an opportunity to vaccinate young children.
Biden says he heard late about baby formula shortage
President Joe Biden said Wednesday that he did not become aware of the baby formula shortage until about two months after industry leaders knew they faced a major crisis, raising new questions about the administration’s monitoring and handling of the problem.
White House scrambles on inflation after Biden complains to aides
The White House launched a push Tuesday to contain the political damage caused by inflation after President Joe Biden complained for weeks to aides that his administration was not doing enough to publicly explain the fastest price increases in roughly four decades.
Gasoline hits new U.S. high after European Union cracks down on Russia
After spiking in March, gas prices cooled some in April but have been on a steady climb this month, setting records and leaving wallet-pressed drivers with the sense that there is no end in sight.
Analysis: U.S. policymakers misjudged inflation threat until it was too late
Prices for just about everything Americans buy have spiked in the past two years. Inflation, which had been scarcely noticeable for decades, is suddenly the top concern most people have about the economy. And it all seemed to catch Washington, D.C., by surprise.
As Indy 500 arrives, IndyCar is riding F1’s stateside growth
Some drivers believe Formula One’s increasing visibility and popularity threaten American auto racing, stiffening competition for fans and nascent drivers who may gravitate toward a sexier, more global sport.
Latest White House plan would forgive $10,000 in student debt per borrower
The likely decision follows months of uncertainty over the fate of student debt for tens of millions of Americans, with Biden at times sounding skeptical of canceling loans but under pressure from his collapsing approval ratings among young voters ahead of November’s elections.
Vaccines might not prevent many symptoms of long COVID, study suggests
This week, the Centers for Disease Control and Prevention released new estimates of the syndrome’s toll in the United States, suggesting it affects one in five adults younger than 65 who had COVID, and one in four of those aged 65 and older.
U.S. might be barreling toward recession in next year, more experts say
Although major swaths of the economy—including the job market and consumer spending—remain robust, there are mounting worries that rising borrowing costs for consumers and businesses, after years of near-zero interest rates, could cause a sudden retrenchment.