The daily business briefing: May 20, 2022

Senators approve a bill to help low-income families access baby formula, Musk denies sexual misconduct allegation, and more

Elon Musk
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1. Senate approves bill to help low-income families get scarce baby formula

The Senate on Thursday approved a bill by unanimous consent that aims to boost low-income families' access to baby formula amid a nationwide shortage caused by supply-chain disruptions and the safety-related shutdown of the biggest U.S. formula plant. The House approved the bill, the Access to Baby Formula Act, on Wednesday, so it now goes to President Biden for his signature. The legislation authorizes the Agriculture Department to waive certain requirements to allow families to buy a wider array of baby formula with Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) benefits during a public health emergency, product recalls, and other supply-chain issues.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.