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California Democratic Sen. Schiff is launching a congressional inquiry into why the DoJ shuttered a long-running criminal investigation into Cronobacter bacterial contamination at an Abbott Laboratories (ABT) plant that made baby formula

StockNow breaking-news AI analysis

Senator Schiff's inquiry into Abbott's closed DOJ criminal probe adds regulatory uncertainty to the company's existing $4 billion NEC litigation risk, despite recent criminal investigation closure.

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Geopolitics

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

Geopolitics

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

U.S. Economy

US ADP Employment Change (Jul) 44K vs. Exp. 70K (Prev. 98K)