The sustainable farm beloved by King Charles: FarmED, within the Cotswolds

King Charles III (then Prince Charles) visits Honeydale Farm in the Cotswolds region of England on June 22, 2021. The King is known to be a supporter of sustainable agriculture.

Toby Melville | Getty Images

When King Charles III visited Honeydale Farm in England’s Cotswolds region, one of his first remarks was: “Monoculture. That’s our problem.”

That’s the recollection of the farm’s owner Ian Wilkinson, as he walked down its drive with the then Prince Charles almost four years ago.

“And I nodded, and thought: ‘well, absolutely,'” Wilkinson told CNBC via video call.

Monoculture refers to the common practice of growing a single crop on a piece of land, sometimes year after year. Crops are grown in this way for efficiency, but critics say doing so depletes soil nutrients and increases the risk of disease.

The king — a longtime supporter of organic farming — visited Honeydale to learn about its focus on growing a wide variety of plants, a technique that aims to regenerate the soil.

Wilkinson studied agriculture in the 1970s when monoculture was encouraged after a post-World War II drive for the U.K. to import less food and become more self-sufficient.

“We were trained to produce more food and do it cheaply — and we didn’t have much regard for the environment, for nature,” Wilkinson said. Farmers relied on fertilizers made from petrochemicals, he added, and today, only around 3% of agricultural land in the U.K. is farmed organically, according to the most recent government statistics.

A long career at the Cotswold Seed Company, which supplies farms with seeds for wildflowers, grasses and root crops, meant Wilkinson heard from a lot of farmers, some of whom emphasized the need for self-sufficiency and for a diverse range of crops.

FarmED is a “demonstration” farm that is exploring regenerative agriculture practices, such as herbal leys, a method of adding nitrogen back into the soil.

FarmED

Wilkinson and his wife Celene bought the 107-acre Honeydale in 2013, and turned it into a demonstration farm — known as FarmED — that would explore how agriculture could be regenerative, rather than depleting the land.

When they bought it, cereal crops and grassland made up most of the farm, and the Wilkinsons introduced lambs and a wildflower area and planted 20,000 trees for birds to nest in. The farm’s orchard grows heritage apple varieties including one named “Blenheim Orange,” which dates back to around 1740. FarmED has also put in a natural flood management scheme. The farm sits in the Evenlode Valley, where the River Evenlode floods regularly, and the new scheme collects rainwater in a series of ponds connected by channels, aiming to prevent flooding.

Soil — a carbon store

“An over-extractive system in terms of soil health is a big problem,” Wilkinson told CNBC. “And soil health, of course, is linked to water quality and to pollution,” he said. Soil also sequesters — or stores — carbon, and in 2023 the British government noted that “intensive agriculture has caused arable soils to lose about 40 to 60% of their organic carbon.”

“We need to evolve into the next iteration of farming, still producing enough food for … a growing world population, but to do it in a way that is not so extractive and actually rebuilds the natural systems,” Wilkinson said.

To that end, FarmED, a nonprofit, is “rebuilding” the soil on the farm by focusing on a crop rotation using what’s known as a herbal ley, a mix of herbs, grasses and clovers that add nitrogen — a natural fertilizer — to the soil. A herb like chicory has long roots that can “mine” the soil for minerals, improving its health, while a grass like cocksfoot is drought resistant.

Heritage wheat and rye are grown over an eight-year rotation that uses no artificial fertilizers or sprays, and are compared to a “control” plot of wheat that is farmed in a traditional way — which does use artificial fertilizer — so FarmED can measure the health of the soil versus the regenerative plots. There are indications that the soil has been regenerated, with an improved structure and more earthworms, Wilkinson said.

FarmED co-founder Ian Wilkinson shows King Charles III (then Prince Charles) a sample of the soil on Honeydale Farm, on June 22, 2021.

Toby Melville | Getty Images

The ley is “managed” by livestock using a method called “mob-grazing,” where several animals graze a different, small, area of land each day. In doing so, they trample some of the plants back into the soil, creating a natural fertilizer along with their manure.

The method also means no single plant becomes dominant, which improves diversity, and once the soil’s fertility has improved over four years, wheat and oats are grown on the land.

Around 20% of FarmED’s visitors are farmers, some of whom have added herbal leys to their farms, while other visitors come from the food or related industries, or are members of the public. People can attend talks on topics such as beekeeping, foraging and woodworking, while a forthcoming session is titled “Goats for beginners.”

Wilkinson said people from different backgrounds visit, including those from pesticide companies or those who “feel really strongly about the world.” “Some companies are trying to figure out what regenerative agriculture means to them,” Wilkinson said.

“We simply say we’re not here to judge. We just know that agriculture has to move to the next era,” he said.

CFPB drops lawsuits in opposition to Capital One and Rocket Mortgage affiliate

Russell Vought, director of the Office of Management and Budget (OMB) nominee for US President Donald Trump, during a Senate Budget Committee confirmation hearing in Washington, DC, US, on Wednesday, Jan. 22, 2025. 

Al Drago | Bloomberg | Getty Images

The Consumer Financial Protection Bureau’s new leadership on Thursday dismissed at least four enforcement lawsuits undertaken by the previous administration’s director.

In legal filings, the CFPB issued a notice of voluntary dismissal for cases involving Capital One; Berkshire Hathaway-owned Vanderbilt Mortgage & Finance; a Rocket Cos. unit called Rocket Homes Real Estate; and a loan servicer named Pennsylvania Higher Education Assistance Agency.

“The Plaintiff, the Consumer Financial Protection Bureau, dismisses with prejudice this action against all Defendants,” the agency said in the Capital One case. It used similar language in the other cases.

The moves are the latest sign of the abrupt shift at the agency since acting CFPB Director Russell Vought took over this month. In conjunction with Elon Musk’s Department of Government Efficiency, the CFPB has shuttered its Washington headquarters, fired about 200 employees and told those who remain to stop nearly all work.

Under former Director Rohit Chopra, the CFPB accused Capital One of bilking customers out of more than $2 billion in interest; it said Vanderbilt ignored signs that customers couldn’t afford its mortgages; it accused Rocket of providing illegal kickbacks to real estate agents; and it said that loan servicer Pennsylvania Higher Education Assistance Agency improperly collected loans.

A Capital One spokesman said the bank welcomed the dismissal of its case, which it “strongly disputed.”

A spokesman for Rocket also lauded the news: “Rocket Homes has always connected buyers with top-performing agents based only on objective criteria like how well they helped homebuyers achieve their dream of homeownership. We are proud to put this matter behind us.”

Shares of Capital One and Rocket climbed after the dismissals.

Billions lost

Current and former CFPB employees have told CNBC that legal cases with upcoming docket dates would likely be dismissed as the agency disavows most of what Chopra has done.

That began late last week, when the agency dismissed its case against SoLo Funds, a fintech lender it had earlier accused of gouging customers.

Eric Halperin, the CFPB’s former head of enforcement, said in a phone interview Thursday that the spate of CFPB dismissals was unprecedented in the bureau’s history.

“Five cases have been dismissed so far by this administration, whereas in the entire history of the bureau, there’s only been one other case dismissed without relief for any consumers,” Halperin said.

On Friday, the CFPB also dropped its case against TransUnion that accused the credit agency of violating a 2017 order related to the company’s marketing of its credit tools to consumers.

“We are pleased with the dismissal of this case, which reflects our long-standing view of the facts and our ongoing work to support consumers,” a TransUnion spokesperson wrote in a statement to CNBC.

Since the recent cases were dismissed with prejudice, the CFPB has agreed to never bring these claims again, shutting off the possibility of clawing back funds for consumer relief, Halperin added.

“Just from the cases that were dismissed today, there’s billions of dollars in consumer harm that the CFPB will never be able to get back for consumers,” he said.

‘Embarrass you’

The Thursday filings began appearing at the same time that senators were grilling Jonathan McKernan, President Donald Trump’s pick to lead the CFPB on a permanent basis, during a nomination hearing.

“Mr. McKernan, literally while you’ve been sitting here and you’ve been talking about the importance of following the law, we get the news that the CFPB is dropping lawsuits against companies that are cheating American families, or alleged to be cheating American families,” Sen. Elizabeth Warren, D-Mass., said.

“It seems to me the timing of that announcement is designed to embarrass you,” Warren said.

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Gizelle Bryant & Ashley Darby React To Karen Huger DUI Sentence

Karen Huger is trading her Grande Dame title for that of an inmate. Earlier this week, a Maryland judge handed the ‘Real Housewives of Potomac’ her two-year sentence for drunk driving in March 2024 and crashing her luxury car into a street sight. The 61-year-old lucked out with one suspended year, but she still has to spend at least one year locked up. This week, her OG ‘RHOP’ co-stars Ashley Darby and Gizelle Bryant have weighed in on Karen’s life update.

RELATED: Not The Grande Dame! ‘RHOP’ Star Karen Huger Is Sentenced To Jail Time For DUI (UPDATE)

Ashley Darby Says She Cried Over Karen Huger’s Sentence

Darby spoke on Karen’s situation during a sit-down on the Tamron Hall show. Ashley, who has been on ‘Real Housewives of Potomac’ with Huger since season one, admitted that she shed tears over her on-and-off again friend.

“I really do encourage everyone to keep Karen in your prayers; I really care about her,” Ashley said. She learned about Karen’s sentence while traveling to appear on the show. “And I cried like a baby.” 

Gizelle Bryant Speaks Out, Too! 

Bryant didn’t say whether she cried like Ashley Darby did but revealed feeling “shook.” However, she spoke about the situation at a ’21 Shady Questions’ event on Wednesday, the same day Karen Huger was sentenced.

“I do not have her wigs. I am concerned. In all seriousness, I am concerned for her safety. Karen ain’t cut out for jail,” Bryant told the audience, per U.S. Weekly. Adding, “I pray that she’s OK and that the Lord is with her.” 

More Details About Karen’s DUI Conviction 

As mentioned, Karen’s DUI incident developed into a conviction, particularly in light of her being a repeat offender. According to local prosecutors, Karen Huger had been arrested at least three other times for related cases. Montgomery County Circuit Court Judge Terrence McGann highlighted that past, too.

“Can we believe that she’s only driven while intoxicated four times in the last 17 years, or is it more likely that she’s been very lucky and her inebriation has gone undetected?” the judge reportedly said, per Page Six.

Meanwhile, Montgomery County State Attorney John McCarthy also reassured the public that the 61-year-old wasn’t given special treatment in her prosecution.

“We prosecute thousands of D.U.I. cases every year and take them seriously,” Attorney John McCarthy said. “This defendant’s case was not handled any differently based on the facts and her traffic history. We encourage the public to always drive sober and practice safety on the roads.”

In December, after her conviction, a video surfaced of Karen Huger’s drunken interactions with the police who pulled her over. Her legal team pushed for rehab instead of jail time, but that didn’t work, even with the brief stint she did. Huger has been in custody since her sentencing, at which she was remanded.

RELATED: Say WHAT!? Atlanta Police Accuse Lil Baby Of Allegedly Influencing Shooting Linked To Teen Murders (VIDEO)

What Do You Think Roomies?

Delusional Mike Johnson Claims Protesters At GOP City Halls Are Democratic Crops

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Speaker of the House Mike Johnson has a problem. The American people across party lines don’t want Republicans to gut Medicaid to pay for tax cuts for the wealthy.

Constituents have been showing up at House Republican town halls and voicing their displeasure. The situation has gotten so bad that House Republican leadership is telling its members not to hold town halls.

CNN’s Kaitlin Collins interviewed Johnson and this was their exchange:

COLLINS: As you have seen through this, and we’ve seen the blowback that some Republicans in your caucus are getting, when they go back home to their districts, worried about these cuts, or worried about what DOGE is doing. Do you have concerns that that’s anything that Democrats will be able to use to run against those Republicans–

JOHNSON: No, because the–

COLLINS: –in the midterms.

JOHNSON: No, I don’t. Because the videos you saw of the town halls were for paid protesters in many of those places. These are Democrats who went to the events early, and filled up the seats. If you had — if the videos had panned outside the building–

COLLINS: You can’t argue they were all paid protesters, though, Mr. Speaker.

JOHNSON: Many of them were. I don’t know, we–

COLLINS: One of your — a Republican acknowledged–

JOHNSON: Yes.

COLLINS: –they were his constituents.

JOHNSON: One Republican acknowledged they were his constituents. That’s fantastic, OK.

But they had Democrats come and fill the seats early, all right? This is an old playbook that they pulled out and ran, and it made it look like that what is happening in Washington is unpopular.

But I’m going to tell you, Kaitlan, the American people are behind what’s happening.

Video:

Mike Johnson’s delusional answer is a textbook example of how House majorities are lost.

Voters are telling House Republicans don’t do this. We don’t want Medicaid cuts, and Speaker Johnson responded by saying that the protesters don’t count because they are paid Democratic plants.

Kaitlin Collins, as usual dropped the ball by not asking Johnson what evidence did he have that protesters were Democrats.

Republicans are on their way to disaster. They are ignoring the warnings, and if they continue to do so, voters will punish them the first opportunity they get.

What do you think about Johnson’s claim that the protesters are plants? Share your opinion in the comments below.

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FDA cancels vaccine advisory assembly for selecting flu pictures

FILE PHOTO: The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland November 4, 2009. 

Jason Reed | Reuters

A crucial March meeting of vaccine advisors to the Food and Drug Administration has been canceled without explanation, a member of the advisory panel told CNBC on Wednesday. 

The meeting of the Vaccines and Related Biological Products Advisory Committee, or VRBPAC, is held every March to select flu strains for shots released in the upcoming fall and winter. 

But Dr. Paul Offit, a member of that panel, told CNBC that he received an email at 4:18 p.m. ET on Wednesday saying that the upcoming March 13 meeting is canceled. He said there was no indication of whether it will be rescheduled.

“Who canceled this meeting? Why did they cancel the meeting? Will manufacturers now turn to the World Health Organization to determine strains for this year’s influenza vaccines?” Offit told CNBC. 

The Department of Health and Human Services did not immediately respond to a request for comment.

The canceled meeting comes as Robert F. Kennedy Jr., who now leads HHS, makes early moves that could affect vaccination uptake and policy in the U.S. Kennedy has a lengthy track record of being a vaccine skeptic. 

It also comes amid a particularly brutal flu season in the U.S. CDC data shows the flu has caused up to an estimated 910,000 hospitalizations since October, which puts the season on track to be the most severe in at least a decade.

Earlier this month, a separate meeting of advisors who help the Centers for Disease Control and Prevention make recommendations for vaccines was postponed to “accommodate public comment in advance of the meeting,” several news outlets reported. It is also unclear if that meeting will be rescheduled. 

Kennedy also said last week that he will review the childhood vaccine schedule despite earlier pledges not to do so. He promised that a new “Make America Healthy Again” commission would investigate vaccines, pesticides and antidepressants to see if they have contributed to a rise of chronic illness in the U.S.

Meanwhile, the Trump administration is weighing pulling funding for Moderna’s bird flu vaccine, Bloomberg reported on Wednesday.

The country is grappling with a record-breaking bird flu outbreak that’s impacted dozens of cattle herds along with poultry flocks, which has sent egg prices skyrocketing. Its rapid spread in animals has raised concerns about broader spread to humans.”

Elon Musk threatens federal staff with firing

CEO of Tesla and SpaceX Elon Musk speaks at the Conservative Political Action Conference (CPAC) at the Gaylord National Resort Hotel And Convention Center on Feb. 20, 2025 in Oxon Hill, Maryland.

Andrew Harnik | Getty Images

DOGE chief Elon Musk doubled down Monday night on his threat to fire federal employees who fail to submit a list of five or so of their workplace accomplishments over the past week.

“Subject to the discretion of the President, they will be given another chance,” Musk said about those workers in a post on his social media site X.

“Failure to respond a second time will result in termination,” wrote Musk, whom President Donald Trump has tasked with slashing federal government spending and employee headcount.

The Tesla CEO’s renewed warning came hours after the Office of Personnel Management contradicted his initial threat, telling top human resources officers at departments across the government “that employee responses to the OPM email” demanding the accomplishment tally “is voluntary.”

OPM on Saturday sent out a blast email across the government, telling workers to submit that list by Monday night. That email did not say that employees — who do not work for OPM — had the option of not complying.

Musk on Saturday tweeted about OPM’s email, writing: “Failure to respond will be taken as a resignation.”

In an X post on Monday, Musk wrote, “The email request was utterly trivial, as the standard for passing the test was to type some words and press send!”

“Yet so many failed even that inane test, urged on in some cases by their managers,” wrote Musk, whose worker- and cost-cutting effort is known as the Department of Government Efficiency.

“Have you ever witnessed such INCOMPETENCE and CONTEMPT for how YOUR TAXES are being spent?”

A newly amended lawsuit filed over the weekend cited Musk’s first threat.

The filing in San Francisco federal court noted widespread confusion and controversy over whether employees must respond to OPM’s email demand.

Some major departments, including the Pentagon, told their employees to hold off on responding to OPM’s demand.

Others, including the Department of Health and Human Services and its Centers for Medicare and Medicaid Services subsidiary, told their workers to comply.

The lawsuit was first filed Wednesday by a group of unions representing federal workers against OPM and acting OPM director Charles Ezell.

The suit asks a judge to enjoin OPM from terminating “tens of thousands of federal employees in contravention of federal constitutional and statutory law.

OPM on Feb 13 ordered federal agencies “across the government to effectively eliminate the category of probationary employee, by terminating tens of thousands of federal employees en masse,” the suit noted

The suit was amended after OPM in its email implemented a “new mandatory reporting program for all federal employees, the complaint said.

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OPM’s email carried the title, “What did you do last week?”

Please reply to this email with approx. 5 bullets of what you accomplished last week and cc your manager,” the email said. “Deadline is this Monday at 11:59 EST.”

Before Saturday, federal workers were not required to submit any reports on their work to OPM, the suit notes.

The amended lawsuit says that before Saturday, “no notice was published, in the Federal Register or anywhere else, regarding any OPM program, rule, policy, or regulation requiring all federal employees to provide a report regarding their work to OPM.”

OPM “has not complied with any procedural requirements … with respect to this new program,” the suit alleges.

And, the suit, noted, after OPM sent out the blast email to federal workers on Saturday, “at least some federal agencies, including the Federal Bureau of Investigation, began telling their employees not to respond to this OPM surprise request.”

In addition to the FBI, the Justice Department, the Defense Department, the State Department, and national intelligence agencies have instructed their employees not to immediately respond to OPM’s email.

But the Transportation Department has told employees to respond, according to an email obtained by NBC News on Monday.

“Please also ensure that you exclude classified information, links, and attachments,” the email says.

A judge has scheduled a hearing for Thursday afternoon on the unions’ request for a temporary restraining order blocking the mass terminations.

Musk’s threats to terminate workers who fail to comply was condemned by Everett Kelley, president of the American Federation of Government Employees, one of the unions suing OPM.

“Once again, Elon Musk and the Trump Administration have shown their utter disdain for federal employees and the critical services they provide to the American people,” Kelley said in a statement.

“It is cruel and disrespectful to hundreds of thousands of veterans who are wearing their second uniform in the civil service to be forced to justify their job duties to this out-of-touch, privileged, unelected billionaire who has never performed one single hour of honest public service in his life,” Kelley said.

Germans head to the polls in crucial election with far-right good points anticipated

The German parliament convenes for its last regular session before the general election.

Michael Kappeler | Picture Alliance | Getty Images

Germans headed to the polls on Sunday to vote in the 2025 federal election, which is all but guaranteed to result in a new chancellor taking over from Olaf Scholz to lead Europe’s largest economy.

The Christian Democratic Union (CDU) and its affiliate the Christian Social Union (CSU) have been polling in first place in the lead-up to the election, putting their lead candidate Friedrich Merz in line for chancellorship.

The far-right Alternative fuer Deutschland (AfD) is expected to come second in line, ahead of Scholz’s Social Democratic Party (SPD) and the Greens, which have also been part of the most recent ruling coalition that collapsed late last year.

This marks a shift from the 2021 election, when the SPD came out on top, followed by the CDU/CSU. The AfD clinched fourth place at the time.

Germans will cast two votes at the polls, one to directly elect a member of parliament to represent their constituency and one for a party list. The second vote will determine the proportional make-up of the German Parliament, the Bundestag, with parties sending their candidates to Berlin to ensure representation.

There is also a 5% threshold that parties need to meet to deploy delegates to the Bundestag. Several of the smaller parties, including The Left, the Free Democratic Party (FDP) and the Bündnis Sahra Wagenknecht (BSW), have long been polling around this mark, with The Left picking up slightly in recent days.

Coalition building

Attention will shift to the coalition building process after the vote. It is rare for a German party to obtain an absolute majority, and whichever group secures the largest number of seats in parliament usually still has to find governance partners to secure a ruling majority.

This process can take weeks or even months — parties hold extensive negotiations before then inking a coalition agreement detailing their joint policy positions and plans.

“Latest polls indicate that the Conservatives (CDU/CSU) will receive the highest share of votes, but they will need one or two (unlikely) coalition partners, likely the SPD and/or the Greens,” Deutsche Bank analysts said in a note earlier this week.

All major parties have said that they will not enter a coalition with the far-right AfD. The party’s result will still be watched closely due to its growth in popularity, despite a string of controversies and investigations into its conduct, which have also triggered nationwide protests.

The smaller parties will also be in focus this election — their entry into parliament could influence whether a third coalition partner is needed to form a majority government. They could also be key if the new government wants to make any changes to the constitution, which require the support of a two-thirds majority that the smaller parties could effectively block from happening.

Early elections

The election is taking place several months earlier than originally planned due to the break-up of the so-called traffic light coalition — which was comprised of Scholz’ SPD, the Green party and the FDP — in November. The alliance had been in power since taking over from long-standing chancellor Angela Merkel in 2021.

Months of political wrangling and disagreements within the coalition about economic, fiscal and budget policy ultimately led to the government’s collapse, as Scholz fired former Finance Minister Christian Lindner.

Steps were then taken to trigger a snap election — which has only happened three other times in Germany’s history. Scholz first had to call for a confidence vote in himself in the country’s parliament, before suggesting the the latter’s dissolution to German President Frank-Walter Steinmeier.

The head of state then disbanded the lower house of parliament, setting the Sunday election date.

Treasury units new deadline for companies to report possession info

People take pictures of the U.S. Treasury Department building in Washington, D.C., on Feb. 6, 2025.

Mandel Ngan | AFP | Getty Images

The Treasury Department has set a new deadline of March 21 for millions of businesses to fulfill a new reporting requirement on “beneficial ownership information,” after a court order allowed the federal agency to start enforcing the measure.

The Corporate Transparency Act, which Congress enacted in 2021, requires small businesses to disclose the identity of people who directly or indirectly own or control the company. The measure aims to prevent criminals from hiding illicit activity conducted through shell companies or opaque ownership structures, according to the Treasury.

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Businesses have suffered a degree of whiplash from the on-again-off-again deadlines to file BOI reports. A string of court orders had prevented the Treasury from enforcing the measure, only to then see courts strike down those rulings.

The U.S. District Court for the Eastern District of Texas on Feb. 18 lifted a nationwide injunction that had prevented the Financial Crimes Enforcement Network, known as FinCEN, which is part of the Treasury, from enforcing the Corporate Transparency Act.

Room for more delays?

The BOI reporting measure applies to about 32.6 million businesses, including certain corporations, limited liability companies and others, according to federal estimates.

Businesses and owners that do not comply with reporting rules are potentially subject to civil penalties of up to $591 a day, adjusted for inflation. They could also face up to $10,000 in criminal fines and up to two years in prison.

FinCEN left the possibility of further delays on the table even as it extended its previous reporting deadline by 30 days.

“FinCEN will provide an update before then of any further modification of this deadline, recognizing that reporting companies may need additional time to comply with their BOI reporting obligations once this update is provided,” according to a Feb. 18 FinCEN notice.

FinCEN also said it would prioritize enforcement for businesses that “pose the most significant national security risks.”

Bachelor’s Kelsey A. Particulars Dad’s Romance With Barbara Alyn Woods

Jenn Tran & Devin Strader

Status: Split

 

During the season 21 finale of The Bachelorette, it looked like The Bachelor alum Jenn Tran was finally getting her happy ending with her final pick Devin Strader. But Jenn, 26, revealed on After the Final Rose back in September that Devin, 28, gave her the cold shoulder as soon as the cameras stopped rolling.

 

“He was making bold proclamations of love and then suddenly the next day he was like, nothing and he denied ever being in love,” Jenn told host Jesse Palmer during the Sept. 3 episode. “All the promises he had made to me, all of the love that he had wanted to give to me wasn’t there anymore.”

 

Drama continued to play out when Devin shared a 13-minute video recounting his side of the story to Instagram, where in addition to taking “accountability” he shared insight into why he ended the relationship in a 15-minute phone call.

 

While Jenn alleged he dumped her during the call in August, he claimed that Jenn demanded to know what was wrong as he tried to find a way to break the news in person.

 

“I didn’t really know what else to do,” he explained, noting he had been waiting to tell her in person. “She kind of forced my hand.”

 

Since then, Jenn waltzed over to Dancing With the Stars and possibly into the heart of her partner Sasha Farber as they have continued to spark romance rumors since their Oct. 29 elimination.

Hims & Hers shares fall after FDA says semaglutide not in scarcity

Shares of Hims & Hers Health closed down around 26% on Friday after the U.S. Food and Drug Administration announced that the shortage of semaglutide injection products has been resolved.

Semaglutide is the active ingredient in Novo Nordisk’s blockbuster weight loss drug Wegovy and diabetes treatment Ozempic. Those medications are part of a class of drugs called GLP-1s, and demand for the treatments has exploded in recent years. As a result, digital health companies such as Hims & Hers have been prescribing compounded semaglutide as an alternative for patients who are navigating volatile supply hurdles and insurance obstacles.

Compounded drugs are custom-made alternatives to brand-name drugs designed to meet a specific patient’s needs, and compounders are allowed to produce them when brand-name treatments are in shortage. The FDA doesn’t review the safety and efficacy of compounded products.

Hims & Hers began offering compounded semaglutide to patients in May, and it owns compounding pharmacies that produce the medications.

Compounded medications are typically much cheaper than their branded counterparts. Hims & Hers sells compounded semaglutide for less than $200 per month, while Ozempic and Wegovy both cost around $1,000 per month without insurance.

The FDA said Friday that it will start taking action against compounders for violations in the next 60 to 90 days, depending on the type of facility, in order to “avoid unnecessary disruption to patient treatment.”

“Now that the FDA has determined the drug shortage for semaglutide has been resolved, we will continue to offer access to personalized treatments as allowed by law to meet patient needs,” Hims & Hers CEO Andrew Dudum posted Friday on X. “We’re also closely monitoring potential future shortages, as Novo Nordisk stated two weeks ago that it would continue to have ‘capacity limitations’ and ‘expected continued periodic supply constraints and related drug shortage notifications.'”

Him & Hers’ weight loss offerings have been a massive hit with investors. Shares of the company climbed more than 200% last year, and the stock is already up more than 100% this year despite Friday’s move.

Even before it added compounded GLP-1s to its portfolio, the company said in its 2023 fourth-quarter earnings call that it expects its weight loss program to bring in more than $100 million in revenue by the end of 2025.

Despite the turbulent regulatory landscape, Hims & Hers has showed no signs of slowing down.

On Friday, the company announced it has acquired a U.S.-based peptide facility that will “further verticalize the company’s long-term ability to deliver personalized medications.” Hims & Hers will explore advances across metabolic optimization, recovery science, biological resistances, cognitive performance and preventative health through the acquisition, the company said.

That move comes just days after Hims & Hers also bought Trybe Labs, the New Jersey-based at-home lab testing facility. Trybe Labs will allow Hims & Hers to perform at-home blood draws and more comprehensive pretreatment testing.

Hims & Hers did not disclose the terms of either deal.

WATCH: Hims & Hers Super Bowl ad sparks controversy