U.S. regulators on Wednesday banned the dye called Red 3 from the nation’s food supply, nearly 35 years after it was barred from cosmetics because of potential cancer risk. Food and Drug Administration officials granted a 2022 petition filed by two dozen food safety and health advocates,

The Food and Drug Administration is facing some backlash from hedge fund manager Bill Ackman about how long it took to ban Red No. 3 from the U.S. supply chain.