Wondering why Herbalife is down over 12% in the past few minutes? Wonder no more: moments ago Massachusetts Senator Edward Markey, who apparently has a morbid interest in protein shakes – more so than the FTC – asked for more information about the business practices of nutrition company Herbalife. Markey sent letters to the Securities and Exchange Commission, the Federal Trade Commission and to Herbalife itself to try an obtain more information, his office said in a news release on Thursday.
The take home from all of this? Senator Edward Markey has an advance invite to the Pershing Square holiday ball.