Smithfields Inc., the largest pork packer in the United States, is leaving California due to high operational costs and red tape. “Smithfield Foods, Inc. today announced that it will cease all harvest and processing operations in Vernon, California in early 2023 and, at the same time, align its hog production system by reducing its sow herd in its Western … Continued
Pennsylvania’s House of Representatives Liquor Control Committee this week passed legislation to privatize liquor sales. While the Republican-run General Assembly passed and Governor Tom Wolf (D) signed a 2016 measure allowing grocery stores to sell wine and liberalizing some other alcoholic-beverage regulations, the Keystone State remains among the most tightly controlled in terms of liquor distribution. The commonwealth owns 600 “Fine … Continued
Governor Glenn Youngkin today announced that Nodal Exchange, a Fairfax-based derivatives exchange providing price, credit, and liquidity risk management solutions to participants in the North American commodities markets, will invest $300,000 to expand in Fairfax County. The company will increase capacity at its headquarters located at 1921 Gallows Road in Tysons Corner. The project will create 37 … Continued
Abbott Nutrition has restarted production at the Michigan baby formula factory that has been closed for months due to contamination, the company said Saturday, taking a step toward easing a nationwide supply shortage expected to persist into the summer. The February shutdown of the largest formula factory in the country led to the supply problems … Continued
Abbott Laboratories and the Food and Drug Administration (FDA) are on track to reopen Abbott’s baby formula manufacturing plant in Sturgis, Michigan, within one or two weeks, FDA Commissioner Robert Califf said on Thursday. Abbott, the biggest U.S. supplier of powder infant formula, including Similac, on Monday agreed with the FDA on steps needed to resume production at the … Continued
Jeff Bezos, the billionaire founder of Amazon, ramped up his criticism of President Joe Biden on May 15, saying that the “misdirection” coming from the White House isn’t helping the country. Bezos, like many economists, criticized the administration’s attempts to stoke an already overheated economy with further stimulus. He said inflation mostly harms the poor. “In fact, … Continued
Policies leading to a war on fossil fuel as well as the Russian invasion of Ukraine will contribute to a food crisis, according to Robert Unanue, President and CEO of Goya Foods. “We are on the precipice of food shortage.” Russia and Ukraine together produce half of the fertilizer used in the United States and fertilizer prices have quadrupled, … Continued
A federal judge has sentenced a China-born American chemist to 14 years in prison for stealing trade secrets, engaging in economic espionage, and committing fraud. You Xiaorong, also known as Shannon You, of Lansing, Michigan, was sentenced by U.S. District Court Judge J. Ronnie Greer in Greeneville, Tennessee on May 9, according to the Department of Justice … Continued
Another 66,000 birds in Wisconsin were put down because of the bird flu this week. The state’s Department of Agriculture on Thursday said cases were confirmed in Sauk and Pierce counties. New cases were also confirmed in Barron County, which now has the most cases of the bird flu in the state at five. “Eleven … Continued
Amazon.com Inc. AMZN 0.18%▲ workers voted against unionizing at a facility on Staten Island, N.Y., a win for the company after a loss at another warehouse in the borough last month. The National Labor Relations Board said 62% of workers who cast valid ballots from a location site named LDJ5 voted not to form a union. The count was 618 to 380 against … Continued
Florida lawmakers rewrote promises made in Disney’s Reedy Creek Improvement District’s bond offerings when dissolving the special tax district, which created hairy contractual issues for the state, reports Bloomberg Tax. Dissolving the special tax district “limited and altered” its ability to improve and maintain its project and collect charges and taxes, meaning Florida violated its pledge to … Continued
The Virginia attorney general’s office will open an investigation into allegations that the Washington Commanders engaged in financial improprieties, according to a letter it emailed the franchise Monday. The letter comes after the House Oversight and Reform Committee sent a letter to the Federal Trade Commission on April 12. That letter was also sent to the office … Continued
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