When former president Jimmy Carter left office, his peanut business was $1 million in debt

When President Jimmy Carter left the White House in 1981, he was 56 years old and deep in debt. His peanut business, which sold certified seed peanuts and other farm supplies, was $1 million in the red by the time he finished his term, The Washington Post reports. When he left office in debt, “we thought we were going to lose everything,” Carter’s wife Rosalynn told the Post. Forced to sell the company, Carter started writing books to generate income. In 2017, Carter got more than $230,000 in su


When President Jimmy Carter left the White House in 1981, he was 56 years old and deep in debt. His peanut business, which sold certified seed peanuts and other farm supplies, was $1 million in the red by the time he finished his term, The Washington Post reports. When he left office in debt, “we thought we were going to lose everything,” Carter’s wife Rosalynn told the Post. Forced to sell the company, Carter started writing books to generate income. In 2017, Carter got more than $230,000 in su
When former president Jimmy Carter left office, his peanut business was $1 million in debt Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kathleen elkins
Keywords: news, cnbc, companies, president, peanut, debt, reports, wife, jimmy, office, million, writing, white, left, carter, farm, business


When former president Jimmy Carter left office, his peanut business was $1 million in debt

When President Jimmy Carter left the White House in 1981, he was 56 years old and deep in debt.

His peanut business, which sold certified seed peanuts and other farm supplies, was $1 million in the red by the time he finished his term, The Washington Post reports. Carter had been managing the family-owned peanut farm, warehouse and store in Plains, Georgia, since his dad died in 1953, but when he became president, he put it into a blind trust to avoid conflicts of interest.

When he left office in debt, “we thought we were going to lose everything,” Carter’s wife Rosalynn told the Post.

Forced to sell the company, Carter started writing books to generate income. Today, the 94-year-old has published more than 30, from a children’s book to reflections on his presidency.

As a former president, he also receives an annual pension of about $210,000 and an allowance for things like travel, office space and other expenses. In 2017, Carter got more than $230,000 in such allowances, the National Taxpayers Union Foundation reports.


Company: cnbc, Activity: cnbc, Date: 2019-07-17  Authors: kathleen elkins
Keywords: news, cnbc, companies, president, peanut, debt, reports, wife, jimmy, office, million, writing, white, left, carter, farm, business


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Why peanut, food allergies have become ‘almost epidemic

“If you can increase the threshold let’s say from 1/100th of a peanut to two peanuts, that’s an amazing safety.” “They account for most of the food allergies, but you can be allergic to almost any food,” he said. Most kids outgrow milk and egg allergies, but peanut allergies are harder to do so, he told CNBC. While there’s not yet a cure for food allergies, Sicherer said treatments are “very promising, not just for peanuts but for other foods as well. When you’re living with a food allergy, it’s


“If you can increase the threshold let’s say from 1/100th of a peanut to two peanuts, that’s an amazing safety.” “They account for most of the food allergies, but you can be allergic to almost any food,” he said. Most kids outgrow milk and egg allergies, but peanut allergies are harder to do so, he told CNBC. While there’s not yet a cure for food allergies, Sicherer said treatments are “very promising, not just for peanuts but for other foods as well. When you’re living with a food allergy, it’s
Why peanut, food allergies have become ‘almost epidemic Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-26  Authors: trent gillies, getty images
Keywords: news, cnbc, companies, peanut, epidemic, thats, living, kids, youre, told, food, allergies, peanuts, sicherer


Why peanut, food allergies have become 'almost epidemic

Sicherer told CNBC that improved peanut tolerance can affect food allergy sufferers and their families. “If you can increase the threshold let’s say from 1/100th of a peanut to two peanuts, that’s an amazing safety.”

It’s not just peanuts, though, with Sicherer citing milk, eggs, wheat, soy, fish and other nuts as being among the most common allergies. “They account for most of the food allergies, but you can be allergic to almost any food,” he said.

Most kids outgrow milk and egg allergies, but peanut allergies are harder to do so, he told CNBC.

Sicherer, who is author of “Food Allergies: A Complete Guide for Eating When Your Life Depends on It,” said that one possible cause is “the cleanliness theory,” which suggests kids aren’t being exposed to the germs that help build up immunity.

“The thought is we just have such clean living now” that kids are on computers and not in playgrounds, he said.

As a result, “our immune system may be getting misdirected and attacking things that it doesn’t need to, because our immune system is the part of the body that’s supposed to protect us from germs,” he added. “But for allergies, it attacks the foods and makes us sick.”

While there’s not yet a cure for food allergies, Sicherer said treatments are “very promising, not just for peanuts but for other foods as well. The other amazing thing is that we have more than a dozen different therapies that are in the pipeline, that are actually being tried in people now to look at more foods.”

The ultimate goal is a full-fledged cure, the doctor said. “But in the meantime, safety is really a big part of it. When you’re living with a food allergy, it’s like you’re living in a landmine situation,” he added. “Every meal, every snack, every party, every social activity — is that food that can hurt me going to be there?”

—On the Money airs on CNBC Saturday at 5:30 am ET, or check listings for air times in local markets.


Company: cnbc, Activity: cnbc, Date: 2018-10-26  Authors: trent gillies, getty images
Keywords: news, cnbc, companies, peanut, epidemic, thats, living, kids, youre, told, food, allergies, peanuts, sicherer


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Hurricane Michael to wallop cotton, peanut crops as Category 4 storm hits Florida Panhandle

Hurricane Michael comes as farmers in the Southeast are in the middle of harvesting cotton and peanuts. The storm could cause damage to cotton as hurricane-force winds toss the cotton bolls. About 85 percent of the nation’s peanut production comes from the Southeastern region, according to USDA’s Rippey. Many peanut growers in the region also grow cotton, which tends to be a higher margin product for farmers. Most of the cotton production in Florida is in the Panhandle region.


Hurricane Michael comes as farmers in the Southeast are in the middle of harvesting cotton and peanuts. The storm could cause damage to cotton as hurricane-force winds toss the cotton bolls. About 85 percent of the nation’s peanut production comes from the Southeastern region, according to USDA’s Rippey. Many peanut growers in the region also grow cotton, which tends to be a higher margin product for farmers. Most of the cotton production in Florida is in the Panhandle region.
Hurricane Michael to wallop cotton, peanut crops as Category 4 storm hits Florida Panhandle Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-10  Authors: jeff daniels, source, andrew taylor
Keywords: news, cnbc, companies, wallop, crops, hits, hurricane, cotton, southeast, michael, region, florida, production, peanut, comes, harvested, peanuts, storm, panhandle, crop


Hurricane Michael to wallop cotton, peanut crops as Category 4 storm hits Florida Panhandle

Hurricane Michael comes as farmers in the Southeast are in the middle of harvesting cotton and peanuts. The risk is the storm could cause excessive flooding and result in unharvested peanuts rotting in soaking soil. The storm could cause damage to cotton as hurricane-force winds toss the cotton bolls.

“The guys with cotton and peanuts are going as hard as they can go to try to get every bit of crop they can before the wind and rain comes in,” said Andrew Taylor, who raises cattle and grows grains in Florida’s Walton County near the Alabama border. “I usually grow peanuts but didn’t have a crop this year, luckily.”

An estimated 58 percent of the peanut crop in Florida was harvested as of Oct. 7, while only 28 percent was harvested across the state line in Alabama, according to the USDA.

About 85 percent of the nation’s peanut production comes from the Southeastern region, according to USDA’s Rippey.

Many peanut growers in the region also grow cotton, which tends to be a higher margin product for farmers. Most of the cotton production in Florida is in the Panhandle region.

“This is the time of the year they begin harvesting the cotton, and I’d say only 15 percent of the crop has been harvested at this point,” said David Ruppenicker, CEO of Southern Cotton Growers, a Georgia-based trade group representing the industry in six Southeast states. “The cotton is in the field in a very vulnerable state — all open and sitting there and ready to be picked.”

Southeastern cotton accounts for about 30 percent of the U.S. total production, according to the USDA. Georgia alone accounts for roughly half of the region’s overall crop.

Ruppenicker said Wednesday the high winds and heavy downpour of rain could destroy a significant portion of the crop. He said the hurricane is forecast to come in where the Southeast cotton industry starts and track directly through the growing region, from Florida and Alabama into Georgia and the Carolinas and Virginia.


Company: cnbc, Activity: cnbc, Date: 2018-10-10  Authors: jeff daniels, source, andrew taylor
Keywords: news, cnbc, companies, wallop, crops, hits, hurricane, cotton, southeast, michael, region, florida, production, peanut, comes, harvested, peanuts, storm, panhandle, crop


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With life-threatening food allergies on the rise, drug companies ramp up new approaches

In Israel, a snack called Bamba is credited for a dramatically lower rate of peanut allergy among children. The idea is that Israeli children are introduced to peanut-based foods at much earlier ages, and that may help kids develop protection from development of peanut allergy. “Sending kids to school, they’re not allowed to bring any peanut-based food because there’s almost always at least one kid in class with peanut allergy.” Hospital claims for severe allergy reactions have increased, too, b


In Israel, a snack called Bamba is credited for a dramatically lower rate of peanut allergy among children. The idea is that Israeli children are introduced to peanut-based foods at much earlier ages, and that may help kids develop protection from development of peanut allergy. “Sending kids to school, they’re not allowed to bring any peanut-based food because there’s almost always at least one kid in class with peanut allergy.” Hospital claims for severe allergy reactions have increased, too, b
With life-threatening food allergies on the rise, drug companies ramp up new approaches Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-27  Authors: meg tirrell, source, jamie orengo
Keywords: news, cnbc, companies, peanut, approaches, medicine, peanuts, severe, ramp, companies, reactions, study, lifethreatening, allergy, kids, school, food, drug, allergies, rise


With life-threatening food allergies on the rise, drug companies ramp up new approaches

In Israel, a snack called Bamba is credited for a dramatically lower rate of peanut allergy among children.

The morsels of puffed corn resemble Cheetos, except taste like peanut butter. Americans can now buy them in Trader Joe’s.

The idea is that Israeli children are introduced to peanut-based foods at much earlier ages, and that may help kids develop protection from development of peanut allergy. Researchers confirmed that hypothesis in a study published in the New England Journal of Medicine in 2015.

Now, drug companies are seeking to replicate that approach through medicine. Aimmune and DBV Technologies both aim to file for approval of therapies this year that seek to retrain the immune system so it doesn’t overreact to peanuts. Both are examples of the new approaches to preventing potentially life-threatening reactions.

“It’s a huge problem,” said Robert W. Baird analyst Brian Skorney, in an interview with CNBC. “Sending kids to school, they’re not allowed to bring any peanut-based food because there’s almost always at least one kid in class with peanut allergy.”

Public health data support what many parents observe: the prevalence of food allergies, the most common cause of severe reactions known as anaphylaxis, increased by 70 percent in U.S. kids younger than 18 between 1997 and 2016.

Hospital claims for severe allergy reactions have increased, too, by 377 percent from 2007 to 2016, according to a study from FAIR Health.

Researchers cite a handful of potential contributors for the rise in allergies: parents’ reluctance to introduce foods like peanuts too early; the “hygiene hypothesis,” the idea that we’re so clean that our immune systems have too little to do and thus overreact to innocuous stimuli; and that our microbiomes, or gut bacteria, may be out of whack.

“We don’t quite have the answer yet,” said Dr. Julie Wang, professor of pediatrics at the Icahn School of Medicine at Mount Sinai. “Those are areas of active investigation.”

Of all the allergy offenders, peanuts are the worst — at least in terms of the number of people they send to the hospital.

Will Brody, a 13-year-old eighth grader in New York City, knows that firsthand. He had his first reaction when he was a year old, and developed allergies to tree nuts as well. He’s had to use an EpiPen four times to counteract severe reactions.


Company: cnbc, Activity: cnbc, Date: 2018-09-27  Authors: meg tirrell, source, jamie orengo
Keywords: news, cnbc, companies, peanut, approaches, medicine, peanuts, severe, ramp, companies, reactions, study, lifethreatening, allergy, kids, school, food, drug, allergies, rise


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Kick ’em while they’re down: Tariffs hit food, beverage companies

American food and beverage companies were already struggling before Canada and the European Union levied steep tariffs in recent weeks on everything from whiskey to ketchup. Canadian tariffs on $12.6 billion in U.S. goods took effect Sunday, a little more than a week after the EU implemented its own. The new duties are retaliatory moves to the Trump administration’s June 1 tariffs on imported steel and aluminum products. Campbell’s CFO, Anthony DiSilvestro, in May called out the expected squeeze


American food and beverage companies were already struggling before Canada and the European Union levied steep tariffs in recent weeks on everything from whiskey to ketchup. Canadian tariffs on $12.6 billion in U.S. goods took effect Sunday, a little more than a week after the EU implemented its own. The new duties are retaliatory moves to the Trump administration’s June 1 tariffs on imported steel and aluminum products. Campbell’s CFO, Anthony DiSilvestro, in May called out the expected squeeze
Kick ’em while they’re down: Tariffs hit food, beverage companies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-07-02  Authors: amelia lucas, getty images
Keywords: news, cnbc, companies, tariffs, companies, companys, company, hit, impact, theyre, earnings, products, em, costs, food, peanut, beverage, fiscal, kick, campbell


Kick 'em while they're down: Tariffs hit food, beverage companies

American food and beverage companies were already struggling before Canada and the European Union levied steep tariffs in recent weeks on everything from whiskey to ketchup.

Canadian tariffs on $12.6 billion in U.S. goods took effect Sunday, a little more than a week after the EU implemented its own. Mexico has announced that it will increase its current tariffs on cheese and pork, effective Thursday. The new duties are retaliatory moves to the Trump administration’s June 1 tariffs on imported steel and aluminum products. China will also implement its own tariffs against the U.S. this Friday.

The tariffs put additional pressure on manufacturers in an industry that already has thin profit margins and is juggling rising costs for raw materials, increased fuel and transportation expenses and price-sensitive consumers who are resistant to paying more without meaningful wage growth.

“The problem right now is while we’re seeing inflationary impact in the goods, in currency changes and because of tariffs, there’s not much inflationary pass-through that you can do in pricing,” former Heinz CEO Bill Johnson said Tuesday on “Squawk on the Street.”

Canada’s levy on soups is expected to hit Campbell Soup particularly hard.

“With a 10 percent tariff on soups and broths and tomato products — representing the core of Campbell’s products that are sold in Canada and made from both U.S. and Canadian ingredients — Campbell estimates the economic impact to our Canadian business to be significant,” company spokesperson Alexandra Sockett said in an email to CNBC. “We are evaluating ways to offset the potential tariff impact and working closely with our customers.”

The new taxes on food products follow on the Trump administration’s tariffs on imported steel and aluminum, 25 percent and 10 percent, respectively, which are also expected to squeeze the company’s profits. The tin plate steel used to make Campbell Soup cans accounts for the New Jersey-based company’s largest outlay for materials.

Campbell’s CFO, Anthony DiSilvestro, in May called out the expected squeeze from tariffs as having a likely impact on the company’s earnings for its fiscal year beginning July 30.

“At this stage, given what we know about accelerating cost inflation in part due to the anticipated impact of import tariffs and the continuing headwind on transportation and logistics cost, we expect our margins will be down in fiscal 2019,” DiSilvestro said at the time.

That pressure comes as Campbell is already grappling with rising transport and logistics costs, For its 2018 fiscal year, which ends July 29, it expects earnings to drop by roughly 5 percent.

Although peanut butter was originally on Canada’s list, the country spared the sandwich spread. But the EU’s import tax on about $3.4 billion in U.S. goods took effect June 22 and included a 25 percent levy on peanut butter. While the product is not nearly as popular in Europe as in the U.S., the penalty represents a symbolic strike against the U.S.

J.M. Smucker, the parent company to the most popular American peanut butter brand Jif, had already hit a rough patch earlier this year.

The company’s shares fell to their lowest point since October 2014 after it reported weak earnings for the fiscal fourth quarter on June 7. Canada’s announcement that peanut butter and jellies could potentially be taxed placed additional pressure on the company. In the end, Canada decided to tax only strawberry jam.

Smucker missed Wall Street estimates by 25 cents a share as consumer food sales slid 2 percent during the three months ended April 30. Higher transportation and other costs also led the company to raise the prices of several products, including its trademark Jif peanut butter.

“Our teams are actively assessing the potential impact to our business and continue to monitor the fluidity of the tariffs issue,” said Smucker spokeswoman Maribeth Burns. “Our products are primarily distributed in North America, so we have minor export business to Europe.”

For PepsiCo — which owns Tropicana, the largest American orange juice brand — a Canadian tariff of 10 percent on orange juice comes as Americans’ taste for its eponymous soda is waning.

CEO Indra Nooyi told analysts in a first-quarter earnings call that the North American beverages division is working through “some challenges.” Those challenges include the decline in soda sales and rising operational costs across the sector.

PepsiCo did not return a request for comment.

Correction: This story has been corrected to reflect that Campbell CFO Anthony DiSilvestro did not blame the drop in the company’s earnings this fiscal year on the anticipated impact of new tariffs.


Company: cnbc, Activity: cnbc, Date: 2018-07-02  Authors: amelia lucas, getty images
Keywords: news, cnbc, companies, tariffs, companies, companys, company, hit, impact, theyre, earnings, products, em, costs, food, peanut, beverage, fiscal, kick, campbell


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Warren Buffett tells Bill Gates how he spent his ‘nickel-a-week’ allowance when he was 6

Legendary investor Warren Buffett started making money at just six years old. The young entrepreneur sold sticks of gum in his neighborhood for a few cents per pack of five. Buffett took his coin straight to “Ernie’s Drugstore,” he tells Gates in a video Gates posted to his blog. “There, they would have penny candy, so the nickel would entitle me to five choices. After all, Buffett had a lot of favorites, and he still does: “I like the peanut brittle a lot and there’s no way to stop once you sta


Legendary investor Warren Buffett started making money at just six years old. The young entrepreneur sold sticks of gum in his neighborhood for a few cents per pack of five. Buffett took his coin straight to “Ernie’s Drugstore,” he tells Gates in a video Gates posted to his blog. “There, they would have penny candy, so the nickel would entitle me to five choices. After all, Buffett had a lot of favorites, and he still does: “I like the peanut brittle a lot and there’s no way to stop once you sta
Warren Buffett tells Bill Gates how he spent his ‘nickel-a-week’ allowance when he was 6 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-19  Authors: kathleen elkins, the gates notes llc
Keywords: news, cnbc, companies, warren, peanut, making, bill, allowance, nickel, young, nickelaweek, spent, brittle, lot, gates, whoppers, tells, buffett, candy


Warren Buffett tells Bill Gates how he spent his 'nickel-a-week' allowance when he was 6

Legendary investor Warren Buffett started making money at just six years old. The young entrepreneur sold sticks of gum in his neighborhood for a few cents per pack of five.

He also got an allowance, he told longtime friend Bill Gates as they visited a candy store in Omaha during this year’s Berkshire Hathaway shareholder meeting: “When I was six — we’re talking 1936 now — I got a nickel a week.” That’s the equivalent of a little less than a dollar today.

Buffett took his coin straight to “Ernie’s Drugstore,” he tells Gates in a video Gates posted to his blog. “There, they would have penny candy, so the nickel would entitle me to five choices. And I could spend an hour making those choices.”

After all, Buffett had a lot of favorites, and he still does: “I like the peanut brittle a lot and there’s no way to stop once you start eating peanut brittle. … And Whoppers, I love. And Milk Duds. … I like almost everything. Just offer it to me and find out.”


Company: cnbc, Activity: cnbc, Date: 2018-06-19  Authors: kathleen elkins, the gates notes llc
Keywords: news, cnbc, companies, warren, peanut, making, bill, allowance, nickel, young, nickelaweek, spent, brittle, lot, gates, whoppers, tells, buffett, candy


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US could face new EU tariffs from July on products like peanut butter

The U.S. could be hit by new EU duties as early as July as the region responds to President Donald Trump’s decision to impose metal tariffs on Europe. The European Commission — which is responsible for trade negotiations on behalf of the EU’s 28 member states — said Wednesday that it is working on new taxes on American products so these can come into effect in about three weeks’ time. The list of products that will see new duties includes peanut butter, Bourbon as well as motorbikes, and is wort


The U.S. could be hit by new EU duties as early as July as the region responds to President Donald Trump’s decision to impose metal tariffs on Europe. The European Commission — which is responsible for trade negotiations on behalf of the EU’s 28 member states — said Wednesday that it is working on new taxes on American products so these can come into effect in about three weeks’ time. The list of products that will see new duties includes peanut butter, Bourbon as well as motorbikes, and is wort
US could face new EU tariffs from July on products like peanut butter Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-06-06  Authors: silvia amaro, sean gallup, getty images
Keywords: news, cnbc, companies, eu, face, commission, products, metal, peanut, tariffs, duties, states, member, 28, butter, european


US could face new EU tariffs from July on products like peanut butter

The U.S. could be hit by new EU duties as early as July as the region responds to President Donald Trump’s decision to impose metal tariffs on Europe.

The European Commission — which is responsible for trade negotiations on behalf of the EU’s 28 member states — said Wednesday that it is working on new taxes on American products so these can come into effect in about three weeks’ time.

“The Commission expects to conclude the relevant procedure in coordination with member states before the end of June so that the new duties start applying in July,” Maros Sefcovic, vice-president of the European Commission, told journalists in Brussels Wednesday.

The list of products that will see new duties includes peanut butter, Bourbon as well as motorbikes, and is worth 2.8 billion euros ($ 3.3 billion).

These are a response to the White House decision to put a 25 percent tax on steel products and 10 percent on aluminum, announced late last week. In the eyes of the EU, the metal duties are “illegal” as the 28-member bloc is not a threat to the U.S. national security, as the U.S. administration argued.

All the 28 member states still need to vote on how exactly the new tariffs will be implemented.


Company: cnbc, Activity: cnbc, Date: 2018-06-06  Authors: silvia amaro, sean gallup, getty images
Keywords: news, cnbc, companies, eu, face, commission, products, metal, peanut, tariffs, duties, states, member, 28, butter, european


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After-hours buzz: RHT, ANAB & more

Check out the companies making headlines after the bell:Shares of Red Hat surged nearly 5 percent after hours after the open-source software company reported its fourth-quarter earnings. The company reported earnings per share and revenue that beat Wall Street expectations. The drug developer announced positive peanut allergy treatment data on Monday afternoon. Analysis of the mid-stage trial data pointed to nearly half of patients treated showing peanut tolerance. The natural gas exploration co


Check out the companies making headlines after the bell:Shares of Red Hat surged nearly 5 percent after hours after the open-source software company reported its fourth-quarter earnings. The company reported earnings per share and revenue that beat Wall Street expectations. The drug developer announced positive peanut allergy treatment data on Monday afternoon. Analysis of the mid-stage trial data pointed to nearly half of patients treated showing peanut tolerance. The natural gas exploration co
After-hours buzz: RHT, ANAB & more Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-26  Authors: ingrid angulo, getty images
Keywords: news, cnbc, companies, data, nearly, million, earnings, shares, peanut, reported, rht, anab, company, buzz, announced, drug, afterhours


After-hours buzz: RHT, ANAB & more

Check out the companies making headlines after the bell:

Shares of Red Hat surged nearly 5 percent after hours after the open-source software company reported its fourth-quarter earnings. The company reported earnings per share and revenue that beat Wall Street expectations. Sales rose 23 percent year over year to $772 million in the fourth quarter.

AnaptysBio shares rallied over 12 percent post-market. The drug developer announced positive peanut allergy treatment data on Monday afternoon. Analysis of the mid-stage trial data pointed to nearly half of patients treated showing peanut tolerance.

Following AnapstysBio’s good news, shares of Aimmune Therapeutics fell nearly 2 percent. Aimmune’s drug to treat peanut allergy in children succeeded in a late-stage study in February.

SM Energy stock gained over 2 percent in extended trading. The natural gas exploration company announced that it completed a previously announced sale of the majority of its assets in the Powder River Basin for $500 million. The company plans to use the proceeds for general corporate purposes, including debt reduction.


Company: cnbc, Activity: cnbc, Date: 2018-03-26  Authors: ingrid angulo, getty images
Keywords: news, cnbc, companies, data, nearly, million, earnings, shares, peanut, reported, rht, anab, company, buzz, announced, drug, afterhours


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These $50,000 cloned chihuahuas are helping a grieving pet owner find peace

1 Hour Ago | 02:05When Peanut died unexpectedly last year at the age of 10, Denise Westervelt was devastated by the loss of her chihuahua. Americans spent $69.4 billion on their pets last year, according to the American Pet Products Association. Couple that with replicating technology, and there’s more demand from pet owners for the cloning of their beloved dogs and cats. Westervelt turned to Viagen Pets, a division of Trans Ova Genetics, to bring a little bit of Peanut back into her home. For $


1 Hour Ago | 02:05When Peanut died unexpectedly last year at the age of 10, Denise Westervelt was devastated by the loss of her chihuahua. Americans spent $69.4 billion on their pets last year, according to the American Pet Products Association. Couple that with replicating technology, and there’s more demand from pet owners for the cloning of their beloved dogs and cats. Westervelt turned to Viagen Pets, a division of Trans Ova Genetics, to bring a little bit of Peanut back into her home. For $
These $50,000 cloned chihuahuas are helping a grieving pet owner find peace Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-08  Authors: michelle castillo, -denise westervelt
Keywords: news, cnbc, companies, owner, york, versions, viagen, peanut, 50000, westervelt, dogs, helping, cloned, pets, way, peace, dog, pet, grieving, chihuahuas


These $50,000 cloned chihuahuas are helping a grieving pet owner find peace

You can now clone your dog or cat. But is it ethical? 1 Hour Ago | 02:05

When Peanut died unexpectedly last year at the age of 10, Denise Westervelt was devastated by the loss of her chihuahua. So she had him cloned.

“He was like my soulmate,” Westervelt said. “I had such a bond with him. If he could have lived forever, it would have been great. I couldn’t bear to get another dog.”

Pets have become part of the family. Americans spent $69.4 billion on their pets last year, according to the American Pet Products Association. A recent survey from Harris Poll on behalf of SunTrust Mortgage said that one-third of millennials were buying homes because they had dogs, more than the number doing so as a result of marriage of having children.

Couple that with replicating technology, and there’s more demand from pet owners for the cloning of their beloved dogs and cats.

Westervelt turned to Viagen Pets, a division of Trans Ova Genetics, to bring a little bit of Peanut back into her home. For $50,000, plus the costs of genetic material collection and storage fees, Westervelt is now the dog parent of two genetically identical versions of her original chihuahua.

“They even sound the same way when they bark, exactly the same back when he was a puppy,” said Westervelt, who lives near Poughkeepsie, New York. She’s yet to give them a name.


Company: cnbc, Activity: cnbc, Date: 2018-03-08  Authors: michelle castillo, -denise westervelt
Keywords: news, cnbc, companies, owner, york, versions, viagen, peanut, 50000, westervelt, dogs, helping, cloned, pets, way, peace, dog, pet, grieving, chihuahuas


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Aimmune’s peanut allergy drug meets main goal, shares surge

U.S. drug developer Aimmune Therapeutics said on Tuesday its peanut allergy drug met the main goal of an eagerly awaited late-stage study, sending its shares up 18 percent premarket. At present there are no approved treatments for peanut allergies, which are the leading cause of death from food-induced allergic reactions in the United States. Aimmune said 67.2 percent of patients administered AR101 aged between 417 tolerated at least a 600-mg dose of peanut protein in the exit food challenge, co


U.S. drug developer Aimmune Therapeutics said on Tuesday its peanut allergy drug met the main goal of an eagerly awaited late-stage study, sending its shares up 18 percent premarket. At present there are no approved treatments for peanut allergies, which are the leading cause of death from food-induced allergic reactions in the United States. Aimmune said 67.2 percent of patients administered AR101 aged between 417 tolerated at least a 600-mg dose of peanut protein in the exit food challenge, co
Aimmune’s peanut allergy drug meets main goal, shares surge Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-02-20  Authors: gerenme, getty images
Keywords: news, cnbc, companies, goal, food, surge, ar101, aimmunes, patients, meets, main, drug, oral, allergy, peanut, shares, protein, months


Aimmune's peanut allergy drug meets main goal, shares surge

U.S. drug developer Aimmune Therapeutics said on Tuesday its peanut allergy drug met the main goal of an eagerly awaited late-stage study, sending its shares up 18 percent premarket.

The positive trial data comes nearly four months after French drug developer DBV Technologies’ stick-on patch failed to sufficiently desensitize patients with the allergy, but the company said it would proceed to file for U.S. regulatory review.

The two companies are in a race to become the first treatment for a condition that has increased two-fold in children from 1997 to 2008. The condition currently affects about two percent of American children.

At present there are no approved treatments for peanut allergies, which are the leading cause of death from food-induced allergic reactions in the United States.

Aimmune said 67.2 percent of patients administered AR101 aged between 417 tolerated at least a 600-mg dose of peanut protein in the exit food challenge, compared to 4.0 percent of patients on placebo.

Aimmune plans to seek U.S. approval for the oral drug AR101 by the end of 2018 and approval in Europe in the first half of 2019.

The oral drug, AR101, is sprinkled over food daily in the hope patients consuming small doses of the peanut protein will become desensitized to it over time.

“These patients are constantly walking in a minefield, a bomb could go off anytime that could end their life,” allergist Dr. Purvi Parikh of the Allergy and Asthma Network told Reuters ahead of the data. “Many are already asking for it… and are very, very desperate for this to come out.”

Analysts widely expect the FDA to restrict use of the drug but are confident that even a tighter label is unlikely to weigh on sales given the number of patients desperate for a treatment.

Aimmune shares were trading up 18 percent at $43.90 premarket. The stock had risen 85 percent in the past 12 months.


Company: cnbc, Activity: cnbc, Date: 2018-02-20  Authors: gerenme, getty images
Keywords: news, cnbc, companies, goal, food, surge, ar101, aimmunes, patients, meets, main, drug, oral, allergy, peanut, shares, protein, months


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