
Peloton CEO apologizes for not recalling deadly treadmills sooner
CBSN
Peloton Interactive on Thursday reiterated it had erred when it refused to recall its treadmills after a child died and dozens more were were injured in accidents involving its pricey exercise equipment.
"We made a mistake in our response. We should have been more open to a productive dialogue from the outside, and for that I apologize," John Foley, CEO and co-founder of the company told an earnings call with Wall Street analysts on Thursday. Foley's words echoed a mea culpa made Wednesday, when the company revealed separate recalls of both its Tread+ and Tread treadmills. Peloton estimated the recalls would cost it $165 million. That's nearly three times its profits for all of 2020, when Peloton recorded net income of $63.6 million.
Yangon — Myanmar's military leader lauded President Trump and asked him to lift sanctions, the ruling junta said Friday, after a tariff letter from the U.S. president that it has taken as Washington's first public recognition of its rule. Min Aung Hlaing endorsed Mr. Trump's false claim that the 2020 U.S. election was stolen, and thanked him for shutting down funding for U.S.-backed media outlets that have long provided independent coverage of conflict-wracked Myanmar.

After years of unsuccessful attempts to finance and build a public alarm network that would warn residents of Kerr County, Texas, about dangerous flooding, officials in the region, nicknamed "flash flood alley," were going to start developing a centralized flood monitoring system this summer to help leaders and emergency managers plan ahead.

Washington — The Senate is expected to vote next week on a request from the White House to claw back funding for international aid and public broadcasting. But the funding for rural radio and television stations — sometimes an area's sole source for emergency warnings and other news — has sparked concern among some Senate Republicans, especially after the recent devastating flash floods in Texas.