US raises tariffs on European-built aircraft in ongoing dispute over subsidies

The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. EU officials have said they want to negotiate with Washington but will not be bullied into submission. EU officials had no immediate comment on Friday’s news. The WTO in October had awarded Washington the right to impose tariffs on $7.5 billion of annual EU imports in its ca


The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.
EU officials have said they want to negotiate with Washington but will not be bullied into submission.
EU officials had no immediate comment on Friday’s news.
The WTO in October had awarded Washington the right to impose tariffs on $7.5 billion of annual EU imports in its ca
US raises tariffs on European-built aircraft in ongoing dispute over subsidies Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-15
Keywords: news, cnbc, companies, aircraft, wine, products, dispute, raises, officials, wto, airbus, washington, europeanbuilt, trade, ongoing, tariffs, subsidies


US raises tariffs on European-built aircraft in ongoing dispute over subsidies

The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.

The U.S. Trade Representative’s Office said it remained open to reaching a negotiated settlement with the EU on the issue, but could revise its actions if the EU imposed tariffs of its own in connection with a pair of disputes over the subsidies.

In a statement released late on Friday, USTR said it would make minor modifications to 25% tariffs imposed on cheese, wine and other non-aircraft products from the EU, including dropping prune juice from the list. It did not raise the tariff rates on those product, as it had suggested it might do in October.

The higher aircraft tariff will take effect March 18.

The U.S. action comes as U.S. President Donald Trump, emboldened by agreement on a Phase 1 trade deal with China, has trained his sights on restructuring the more than $1 trillion U.S.-EU trade relationship, raising the specter of another major trade war as the global economy slows.

EU officials have said they want to negotiate with Washington but will not be bullied into submission.

European planemaker Airbus said the U.S. move would hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a negotiated settlement with the European Union in the longstanding dispute.

Airbus said it would continue discussions with U.S. customers to “mitigate effects of tariffs insofar as possible” and hoped USTR would change its position, particularly given the threat of EU tariffs on U.S. products in its own case before the World Trade Organization.

“USTR’s decision ignores the many submissions made by U.S. airlines, highlighting the fact that they — and the U.S. flying public — ultimately have to pay these tariffs,” the company said in a statement.

EU officials had no immediate comment on Friday’s news.

The USTR had announced in December that it could increase tariff rates up to 100% and subject additional EU products to tariffs, following a decision by the WTO that EU launch aid to Airbus continued to harm the U.S. aerospace industry.

The WTO in October had awarded Washington the right to impose tariffs on $7.5 billion of annual EU imports in its case against Airbus. Washington then slapped 10% tariffs on most European-made Airbus jets and 25% duties on products ranging from cheese to olives and single-malt whisky, from Oct. 18.

Boeing, in a statement, said it was working with U.S. federal and state officials to “promptly bring the United States into full compliance” with WTO rulings.

“The EU and Airbus could end these tariffs by finally complying with their legal obligations, ending these illegal subsidies, and addressing their ongoing harm. We hope they will,” the company said in a statement.

The Wine & Spirits Wholesalers of America (WSWA) said it remains strongly opposed to tariffs on European-origin wine and spirits, and urged U.S. and EU trade officials to negotiate an end to a trade dispute that was lowering revenues.

A study commissioned by the group estimated that the 25% tariffs implemented in October could result in the loss of nearly 36,000 jobs in the beverage alcohol industry.

The Distilled Spirits Council of the United States said tit-for-tat tariffs on alcoholic beverages were hurting companies and consumers on both sides of the Atlantic.

It said new U.S. government data showed the U.S. spirit industry’s exports to the EU, its largest export market, fell 27% in 2019 from a year earlier, and global exports of American whiskey declined 16% in the same period.

“We urge both sides to resolve these disputes so that consumers can enjoy #ToastsNotTariffs,” the group said.


Company: cnbc, Activity: cnbc, Date: 2020-02-15
Keywords: news, cnbc, companies, aircraft, wine, products, dispute, raises, officials, wto, airbus, washington, europeanbuilt, trade, ongoing, tariffs, subsidies


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Why it’s cheaper to have a baby in Finland than in the US

Why it’s cheaper to have a baby in Finland than in the USAs 2019’s happiest country in the world, Finland is undoubtedly a great place to have children. With lengthy parental leave, hundreds of dollars worth of free baby products in the signature baby box and low-to-no childbirth costs, here’s why it’s better to have a baby in Finland than in the U.S.


Why it’s cheaper to have a baby in Finland than in the USAs 2019’s happiest country in the world, Finland is undoubtedly a great place to have children.
With lengthy parental leave, hundreds of dollars worth of free baby products in the signature baby box and low-to-no childbirth costs, here’s why it’s better to have a baby in Finland than in the U.S.
Why it’s cheaper to have a baby in Finland than in the US Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14
Keywords: news, cnbc, companies, finland, signature, undoubtedly, world, baby, worth, usas, parental, cheaper, products, place


Why it's cheaper to have a baby in Finland than in the US

Why it’s cheaper to have a baby in Finland than in the US

As 2019’s happiest country in the world, Finland is undoubtedly a great place to have children. With lengthy parental leave, hundreds of dollars worth of free baby products in the signature baby box and low-to-no childbirth costs, here’s why it’s better to have a baby in Finland than in the U.S.


Company: cnbc, Activity: cnbc, Date: 2020-02-14
Keywords: news, cnbc, companies, finland, signature, undoubtedly, world, baby, worth, usas, parental, cheaper, products, place


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

From wireless headphones to S’well bottles, how to find the best deals on Amazon’s hidden sale section

Enter, Amazon Outlet, the Amazon sale rack that’s hiding in plain sight. Amazon Outlet is a section where sellers can move overstock or excess inventory. The items that you’ll find in Amazon Outlet span every category from beauty to home improvement. We found a 64-ounce Swell bottle, which is typically $55, for just $45 on Amazon Outlet. The exact products in the Amazon Outlet change regularly, so here are some tips for scouring the Amazon Outlet:


Enter, Amazon Outlet, the Amazon sale rack that’s hiding in plain sight.
Amazon Outlet is a section where sellers can move overstock or excess inventory.
The items that you’ll find in Amazon Outlet span every category from beauty to home improvement.
We found a 64-ounce Swell bottle, which is typically $55, for just $45 on Amazon Outlet.
The exact products in the Amazon Outlet change regularly, so here are some tips for scouring the Amazon Outlet:
From wireless headphones to S’well bottles, how to find the best deals on Amazon’s hidden sale section Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: cory stieg
Keywords: news, cnbc, companies, hidden, outlet, deals, headphones, save, products, rating, wireless, best, items, shopping, swell, bottles, sale, amazons, youre, amazon, youll, sellers


From wireless headphones to S'well bottles, how to find the best deals on Amazon's hidden sale section

Even if you consider yourself a pro at shopping on Amazon, there are still some surprising ways to save money beyond just Amazon Prime. Enter, Amazon Outlet, the Amazon sale rack that’s hiding in plain sight.

Amazon Outlet is a section where sellers can move overstock or excess inventory. It’s been on the e-commerce site for several years but is somewhat of a hidden, unknown gem.

“Think of it as an online Marshalls or TJ Maxx,” Sara Skirboll, shopping and trends expert at RetailMeNot tells CNBC Make It.

The items that you’ll find in Amazon Outlet span every category from beauty to home improvement. Indeed, it’s a bit of a grab-bag, but Amazon must approve all the products that sellers move to the Outlet before they end up on the site.

That means you can count on everything in the Outlet being in new condition and having at least a three-star Amazon rating. (Items that are available on Subscribe and Save aren’t eligible for Amazon Outlet.) But it takes some digging to get to the best items.

Some solid picks? We found a 64-ounce Swell bottle, which is typically $55, for just $45 on Amazon Outlet. There are even tech accessories under $20, like a pair of wireless earbuds with a four-star rating for just $11 or an AirPods carrying case for $7. Or if you’re hosting guests, there are some deals on useful entertaining items, like a $7 wine tumbler.

The exact products in the Amazon Outlet change regularly, so here are some tips for scouring the Amazon Outlet:


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: cory stieg
Keywords: news, cnbc, companies, hidden, outlet, deals, headphones, save, products, rating, wireless, best, items, shopping, swell, bottles, sale, amazons, youre, amazon, youll, sellers


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Asia stocks set to decline; investors await China’s tariff cuts on some US products

Stocks in Asia were set to trade lower at the open on Friday as concerns around the ongoing coronavirus outbreak continue to weigh on investor sentiment. Futures pointed to a lower open for Japanese stocks. Meanwhile, stocks in Australia were little changed in early trade, with the S&P/ASX 200 hovering around the flatline. China is set to halve tariff rates on certain U.S. products worth about $75 billion with effect later on Friday, as previously announced by Beijing in early February. Investor


Stocks in Asia were set to trade lower at the open on Friday as concerns around the ongoing coronavirus outbreak continue to weigh on investor sentiment.
Futures pointed to a lower open for Japanese stocks.
Meanwhile, stocks in Australia were little changed in early trade, with the S&P/ASX 200 hovering around the flatline.
China is set to halve tariff rates on certain U.S. products worth about $75 billion with effect later on Friday, as previously announced by Beijing in early February.
Investor
Asia stocks set to decline; investors await China’s tariff cuts on some US products Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: eustance huang
Keywords: news, cnbc, companies, await, lower, set, investors, products, chinas, outbreak, trade, cuts, tariff, asia, stocks, nikkei, decline, early, effect, open, coronavirus


Asia stocks set to decline; investors await China's tariff cuts on some US products

Stocks in Asia were set to trade lower at the open on Friday as concerns around the ongoing coronavirus outbreak continue to weigh on investor sentiment.

Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,720 while its counterpart in Osaka was at 23,730. That compared against the Nikkei 225’s last close at 23,827.73.

Meanwhile, stocks in Australia were little changed in early trade, with the S&P/ASX 200 hovering around the flatline.

China is set to halve tariff rates on certain U.S. products worth about $75 billion with effect later on Friday, as previously announced by Beijing in early February.

Retaliatory tariffs on some U.S. goods will be cut from 10% to 5%, and from 5% to 2.5% on others, according to a statement from China’s Ministry of Finance earlier this month. The adjustments will take effect from 1:01 p.m on Feb. 14, it said, without specifying which time zone it was referring to.

Investors will also continue to watch for developments on the coronavirus outbreak following Thursday’s spike in the number of cases reported after authorities in Hubei changed the way cases are diagnosed.

On the corporate earnings front, Japan’s Toshiba and Singapore’s Singapore Airlines are expected to announce their quarterly results on Friday.


Company: cnbc, Activity: cnbc, Date: 2020-02-14  Authors: eustance huang
Keywords: news, cnbc, companies, await, lower, set, investors, products, chinas, outbreak, trade, cuts, tariff, asia, stocks, nikkei, decline, early, effect, open, coronavirus


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

How the Impossible Burger is changing the debate over GMO foods

Production at Impossible Foods’ Oakland, California, plant Source: Impossible FoodsImpossible Foods has claimed a spot on the menus of fast-food chains like Restaurant Brands International’s Burger King and White Castle, making it a major player in the growing alternative meat market. Unlike its biggest competitor Beyond Meat, which touts Non-GMO Project verification for all its plant-based proteins, Impossible Foods uses multiple genetically modified ingredients. Impossible Foods has written ex


Production at Impossible Foods’ Oakland, California, plant Source: Impossible FoodsImpossible Foods has claimed a spot on the menus of fast-food chains like Restaurant Brands International’s Burger King and White Castle, making it a major player in the growing alternative meat market.
Unlike its biggest competitor Beyond Meat, which touts Non-GMO Project verification for all its plant-based proteins, Impossible Foods uses multiple genetically modified ingredients.
Impossible Foods has written ex
How the Impossible Burger is changing the debate over GMO foods Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: sully barrett
Keywords: news, cnbc, companies, ingredients, safety, debate, nongmo, impossible, gmo, soy, foods, products, food, research, meat, changing, burger


How the Impossible Burger is changing the debate over GMO foods

Production at Impossible Foods’ Oakland, California, plant Source: Impossible Foods

Impossible Foods has claimed a spot on the menus of fast-food chains like Restaurant Brands International’s Burger King and White Castle, making it a major player in the growing alternative meat market. One thing separating it from the crowd: GMOs. Unlike its biggest competitor Beyond Meat, which touts Non-GMO Project verification for all its plant-based proteins, Impossible Foods uses multiple genetically modified ingredients. As more restaurants begin to sell Impossible Burgers, anti-GMO organizations are worried they’re moving in the wrong direction — both for the environment and for public health. Since Impossible Foods first debuted in restaurants, advocacy groups including the Center for Food Safety, Non-GMO Project and Friends of the Earth all have raised concerns with the available research on its products’ ingredients. “We need to invest in solutions that have proven to be sustainable for people and the environment, not be led by PR and investor hype,” said Dana Perls, the senior food and agriculture campaigner for Friends of the Earth. Impossible Foods has written extensively on its use of genetic engineering, stating that its products’ safety is backed up by numerous scientific experiments and calling some voices of opposition “anti-science.”

GMO soy and the science behind the burger

In addition to GMO soy protein, one of Impossible Foods’ key ingredients is heme, a molecule the company says makes its burger “bleed” and taste like real meat. While the company initially extracted it from the root nodules of non-GMO soybean plants, it needed a more efficient method to meet high consumer demand. Enter soy leghemoglobin, short for legume hemoglobin, a genetically engineered protein made by splicing soybean DNA into yeast, which is then fermented. The new process allowed the company to ramp up production without destroying millions of soybean plants. In 2017 Impossible Foods submitted to the FDA a “Generally Recognized As Safe,” or GRAS, notice — a 1,066-page document of detailed scientific research and data on its ingredients — to determine the safety of its soy leghemoglobin. The FDA responded to the notice in July 2019 with “no questions,” giving the green light for Impossible Foods to sell its frozen products in supermarkets. Non-GMO activists argued that the FDA should not allow companies to self-report their own research, which they say is like “allowing the fox to guard the henhouse.” “Our very antiquated federal health assessments can’t adequately determine safety,” Perls said. Rachel Konrad, the chief communications officer for Impossible Foods, said in an email to CNBC that the American Medical Association; the World Health Organization; and the National Academy of Sciences, Engineering, and Medicine all agree that GMOs are safe for human consumption.

Consumers are becoming more aware of the impact their purchases have on their bodies and on the planet. “The reason that about 95% of the U.S. soy crop is genetically engineered is precisely because farmers, food makers and ultimately consumers have confidence in the safety and nutrition of GMO soy,” Konrad said. A 2018 Pew Research Center poll found that 49% of consumers say foods with GMO ingredients are unhealthier than GMO-free foods — up from 39% in the center’s 2016 survey. Food products verified by the Non-GMO Project, including those sold by Kellogg’s Kashi, General Mills’ Cascadian Farm and Pepsi’s Naked Juice brands, account for more than $26 billion in annual sales. Despite this, the Impossible Burger has seen nationwide success, focusing its marketing strategy on environmental benefits. Impossible Foods reports that its manufacturing process causes significantly less damage to the environment than beef production, requiring 87% less water, 96% less land and 80% less herbicide, as well as releasing 89% fewer greenhouse gases into the atmosphere. Anti-GMO activists cite environmental pollution that can occur from increasing herbicide treatments as GMO crops become more resistant to them.

Beyond Meat’s commitment to non-GMO ingredients was one of many factors that led us to conclude Beyond Meat was a better early stage investment opportunity versus Impossible. Dan Gluck managing partner at PowerPlant Ventures

The National Restaurant Association predicted in a November report that plant-based proteins will continue to surge in popularity over the next decade, partially due to increased consumer attention to climate change. The meat industry accounts for 14.5% of worldwide greenhouse gas emissions and is expected to double by 2050, according to the U.N. Food and Agriculture Organization. Dan Gluck, a managing partner at PowerPlant Ventures, which has invested in Beyond Meat and other plant-based food companies, said that the fund’s research directed it to support a non-GMO food system. “Beyond Meat’s commitment to Non-GMO ingredients was one of many factors that led us to conclude Beyond Meat was a better early stage investment opportunity versus Impossible [Foods],” Gluck said. Beyond Meat declined to comment but has said in a past statement to CNBC that it “distinguishes itself by offering products made with simple, plant-based ingredients – without GMOs or artificially produced ingredients.” Impossible Foods could also face hurdles as it looks to take its products overseas. In September the company filed for permission to use soy leghemoglobin in the EU. Nineteen countries in the EU requested to partially or fully ban GMO crop cultivation in 2015. The alternative protein industry as a whole has come under increasing attack from a powerful public relations machine supported by food industry interests.

GMOs as a secondary nutritional factor


Company: cnbc, Activity: cnbc, Date: 2020-02-13  Authors: sully barrett
Keywords: news, cnbc, companies, ingredients, safety, debate, nongmo, impossible, gmo, soy, foods, products, food, research, meat, changing, burger


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Unilever will stop advertising ice cream to kids over obesity concerns

Unilever also said it will not direct any social media at kids under 13. For the content, it said creative execution marketing communications should not be designed target kids under 12. Other companies have rules around marketing food and beverages to kids. General Mills, for example, says it does not direct any marketing to children under 12 unless it meets “strict nutrition standards.” In the U.S., those standards are the ones established by the Children’s Food and Beverage Advertising Initia


Unilever also said it will not direct any social media at kids under 13.
For the content, it said creative execution marketing communications should not be designed target kids under 12.
Other companies have rules around marketing food and beverages to kids.
General Mills, for example, says it does not direct any marketing to children under 12 unless it meets “strict nutrition standards.”
In the U.S., those standards are the ones established by the Children’s Food and Beverage Advertising Initia
Unilever will stop advertising ice cream to kids over obesity concerns Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: megan graham
Keywords: news, cnbc, companies, ice, advertising, unilever, marketing, products, kids, ads, children, food, standards, social, concerns, obesity, company, cream, stop


Unilever will stop advertising ice cream to kids over obesity concerns

Consumer packaged goods giant Unilever said Wednesday that it’s updating its principles for marketing food and beverages to children, including a change that will no longer target ads to children under 12, amid widespread concerns about childhood obesity.

The company, whose portfolio includes Ben & Jerry’s and Klondike, said the change will apply to all food and beverage products, and defines marketing communications as TV and radio ads, digital activity, social media and digital ads, apps, PR materials, online games and other communication like product placements. The company said it previously had allowed ads for products that met its “Highest Nutritional Standards,” which takes into consideration factors like sodium, saturated fat and sugars.

In a blog post, Unilever said a key reason for the new principles is the fact that the World Health Organization calls childhood obesity one of the most serious public health issues of the 21st century.

“It’s a move designed to help parents, caregivers and kids make informed choices about the food and drinks they buy, and to address the rise of social media, and the vast increase in products on sale,” the post says.

Unilever also said it will not direct any social media at kids under 13. It will also restrict its influencer policy, not using influencers under the age of 12, nor influencers who primarily appeal to children under 12. (Major social networks like Facebook and Instagram don’t allow users under the age of 13.)

Unilever says the changes in targeting take into consideration both the content of the advertising and its placement. The company said for television and other measurable media, it will not run ads where children aged under 12 represent over 25% of the audience. For the content, it said creative execution marketing communications should not be designed target kids under 12.

The company added it will only show kids under 12 in its marketing communications if it’s for products that meet high nutritional standards or if it’s “relevant to the marketing message,” like a family activity, it said. “Parents or gatekeepers will always be portrayed in control of the access to a product,” the company writes in its policy.

It also said it will limit the use of licensed cartoon characters and of “brand-equity” characters to point-of-sale communications (like in-store displays or ice cream freezers) and will only use them with products that meet its “self-imposed Highest Nutritional Criteria.” The company says it previously allowed the use of characters in its marketing communications.

Unilever says it has been applying specific measures for the marketing of food and beverages since 2003 and has adopted those principles since then. The deadline for the new measures is the end of this year.

Other companies have rules around marketing food and beverages to kids. General Mills, for example, says it does not direct any marketing to children under 12 unless it meets “strict nutrition standards.” In the U.S., those standards are the ones established by the Children’s Food and Beverage Advertising Initiative, it says.


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: megan graham
Keywords: news, cnbc, companies, ice, advertising, unilever, marketing, products, kids, ads, children, food, standards, social, concerns, obesity, company, cream, stop


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Kellogg’s Incogmeato to launch vegan bratwurst and Italian sausage

Kellogg’s Incogmeato line will introduce meatless pork products this summer, following the lead of Impossible Foods and Beyond Meat. Ahead of the March launch for the burgers, Ingcogmeato unveiled two new products: bratwurst and Italian sausage. Like the Incogmeato burgers, the bratwurst and sausage will be found in grocery stores alongside the products they’re imitating. Incogmeato also plans to offer imitations of chicken nuggets and tenders but has not provided more detail on their release da


Kellogg’s Incogmeato line will introduce meatless pork products this summer, following the lead of Impossible Foods and Beyond Meat.
Ahead of the March launch for the burgers, Ingcogmeato unveiled two new products: bratwurst and Italian sausage.
Like the Incogmeato burgers, the bratwurst and sausage will be found in grocery stores alongside the products they’re imitating.
Incogmeato also plans to offer imitations of chicken nuggets and tenders but has not provided more detail on their release da
Kellogg’s Incogmeato to launch vegan bratwurst and Italian sausage Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: amelia lucas
Keywords: news, cnbc, companies, consumed, italian, bratwurst, kelloggs, incogmeato, meatless, farms, chicken, burgers, plantbased, vegan, meat, products, sausage, launch, pork


Kellogg's Incogmeato to launch vegan bratwurst and Italian sausage

Kellogg’s Incogmeato line will introduce meatless pork products this summer, following the lead of Impossible Foods and Beyond Meat.

The food company introduced Incogmeato as part of its vegetarian Morningstar Farms brand in September and said that it would be making meatless versions of burger patties and chicken. Ahead of the March launch for the burgers, Ingcogmeato unveiled two new products: bratwurst and Italian sausage.

The two soy-based pork alternatives will be available in grocery stores in June.

“If you think about it, seasonally, $800 million of meat are consumed in the weeks leading up to the Fourth of July, so just in time for consumers to have family barbecues and parties, this offers a ‘flexitarian’ a way to serve and cook a full portfolio of plant-based offerings for their family,” said Sara Young, Morningstar Farm’s general manager of plant-based protein.

Like the Incogmeato burgers, the bratwurst and sausage will be found in grocery stores alongside the products they’re imitating. Incogmeato also plans to offer imitations of chicken nuggets and tenders but has not provided more detail on their release dates.

Impossible Foods, which pioneered the plant-based burger trend alongside Beyond Meat, announced its own forthcoming meatless pork product at the Consumer Electronics Show in January. Beyond already sells meat-free bratwurst and Italian sausage. While pork is the most consumed meat around the world, it is only the third-most consumed meat in the United States, falling behind chicken and beef.

Kellogg is not the only traditional food company expanding into Beyond and Impossible’s territory. Nestle and meat producers like Hormel and Smithfield are also creating their own imitation meats to reach consumers who are looking to reduce their meat intake. UBS projects that the plant-based protein and meat alternatives market could be worth $85 billion in 2030, up from $4.6 billion in 2018.

Morningstar Farms has the advantage of already being known for its vegetarian products, including frozen veggie burgers. The brand is also aiming to be completely vegan by 2021.


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: amelia lucas
Keywords: news, cnbc, companies, consumed, italian, bratwurst, kelloggs, incogmeato, meatless, farms, chicken, burgers, plantbased, vegan, meat, products, sausage, launch, pork


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

Cramer’s lightning round: I’m not recommending fossil fuels or pipelines — ‘they’re history’

We’re willing to give you Alibaba, [but] we’re not going to give you anything else. They’re going nowhere fast.” Enterprise Products: “It is the best of the lot, but I don’t like to recommend fossil fuels or pipelines. They are going — they’re history. There’s not a lot of stock around.


We’re willing to give you Alibaba, [but] we’re not going to give you anything else.
They’re going nowhere fast.”
Enterprise Products: “It is the best of the lot, but I don’t like to recommend fossil fuels or pipelines.
They are going — they’re history.
There’s not a lot of stock around.
Cramer’s lightning round: I’m not recommending fossil fuels or pipelines — ‘they’re history’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: tyler clifford
Keywords: news, cnbc, companies, history, round, lot, pipelines, fossil, theyre, going, dont, say, case, stock, fuels, spec, think, products, cramers, lightning, recommending


Cramer's lightning round: I'm not recommending fossil fuels or pipelines — 'they're history'

JD.com: “No. We like Alibaba. We’re willing to give you Alibaba, [but] we’re not going to give you anything else. Why? Because we don’t trust them.”

Diebold Nixdorf: “I don’t even know what to say about them. They’re going nowhere fast.”

Iqiyi: “That’s the Chinese Netflix with a lot of people at home. You’d figure they are doing well and the stock reflects that — I like Alibaba.”

Crispr Therapeutics: “I like the spec. I like the spec. As long as you recognize it is a spec, I do like it.”

Enterprise Products: “It is the best of the lot, but I don’t like to recommend fossil fuels or pipelines. They are going — they’re history. And a good example is how great a company Enterprise Products is, but it doesn’t matter. Yields 6.7%, nobody wants it so I’ll be the last to tell you to buy it.”

AT&T: “I think AT&T’s fine. I’m a believer in the bull case. I am aligned with the bull case of Elliot Partners. I am not with the bear case of MoffettNathanson. I think you’re fine there.”

Virgin Galactic: “It’s a short squeeze right now. It’s way up too much. It goes up a little bit everyday. There’s not a lot of stock around. I say do not touch it.”


Company: cnbc, Activity: cnbc, Date: 2020-02-12  Authors: tyler clifford
Keywords: news, cnbc, companies, history, round, lot, pipelines, fossil, theyre, going, dont, say, case, stock, fuels, spec, think, products, cramers, lightning, recommending


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

SoftBank-backed Brandless to lay off staff, shutter operations

Online retailer Brandless will lay off 70 people, or almost 90% of its staff, as it prepares to shut down business operations, the company confirmed to CNBC. Brandless is the first startup backed by SoftBank Vision Fund to fail. The direct-to-consumer retailer launched in 2017 and quickly made waves selling beauty products, organic snacks and everyday essentials at $3 apiece. However, the company’s business model was “unsustainable” in the “fiercely competitive” direct-to-consumer market, the Br


Online retailer Brandless will lay off 70 people, or almost 90% of its staff, as it prepares to shut down business operations, the company confirmed to CNBC.
Brandless is the first startup backed by SoftBank Vision Fund to fail.
The direct-to-consumer retailer launched in 2017 and quickly made waves selling beauty products, organic snacks and everyday essentials at $3 apiece.
However, the company’s business model was “unsustainable” in the “fiercely competitive” direct-to-consumer market, the Br
SoftBank-backed Brandless to lay off staff, shutter operations Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: hannah miller
Keywords: news, cnbc, companies, business, softbankbacked, staff, fund, retailer, shutter, operations, vision, statement, products, brandless, company, softbank, lay


SoftBank-backed Brandless to lay off staff, shutter operations

Online retailer Brandless will lay off 70 people, or almost 90% of its staff, as it prepares to shut down business operations, the company confirmed to CNBC. The company is only retaining 10 employees to complete remaining orders.

Brandless is the first startup backed by SoftBank Vision Fund to fail. The $100 billion megafund has funneled cash into Uber, SoFi and WeWork-parent The We Company, among others.

The direct-to-consumer retailer launched in 2017 and quickly made waves selling beauty products, organic snacks and everyday essentials at $3 apiece.

However, the company’s business model was “unsustainable” in the “fiercely competitive” direct-to-consumer market, the Brandless board said in a joint statement to CNBC.

“Brandless set a new standard in the wellness and sustainable products industry, and while we weren’t able to compete competitively in today’s DTC market, I’m confident the next great brands of tomorrow will be built from this experience,” said Brandless CEO Evan Price in a statement to CNBC.

Other ventures supported by SoftBank Vision Fund have also faced difficulties. In January, robotic pizza business Zume laid off half its staff. SoftBank backed out of its investment in struggling dog care app Wag at the end of 2019. The company is also the biggest backer of WeWork, which suffered a botched IPO.

Last week, hedge fund Elliott Management took a more than $2.5 billion stake in SoftBank.

SoftBank did not respond to CNBC’s request for comment. Protocol first reported the news.


Company: cnbc, Activity: cnbc, Date: 2020-02-10  Authors: hannah miller
Keywords: news, cnbc, companies, business, softbankbacked, staff, fund, retailer, shutter, operations, vision, statement, products, brandless, company, softbank, lay


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

‘Crisis mode’: Coronavirus disrupts the heart of electronics manufacturing in China

“Companies that are building hardware or physical products are in crisis mode now, and that’s true whether they’re getting finished goods built in China or relying on China for components and sub-assemblies,” Neumann-Loreck said. For example, Facebook warned on Friday that it was expecting the coronavirus to impact the production of its Oculus Quest virtual reality headsets. Factory staffing could be an issue that lasts long beyond the peak of the outbreak, given that many factory workers in Chi


“Companies that are building hardware or physical products are in crisis mode now, and that’s true whether they’re getting finished goods built in China or relying on China for components and sub-assemblies,” Neumann-Loreck said.
For example, Facebook warned on Friday that it was expecting the coronavirus to impact the production of its Oculus Quest virtual reality headsets.
Factory staffing could be an issue that lasts long beyond the peak of the outbreak, given that many factory workers in Chi
‘Crisis mode’: Coronavirus disrupts the heart of electronics manufacturing in China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2020-02-08  Authors: kif leswing
Keywords: news, cnbc, companies, manufacturing, travel, factories, products, holiday, companies, electronics, china, heart, iphone, production, coronavirus, mode, crisis, disrupts, product


'Crisis mode': Coronavirus disrupts the heart of electronics manufacturing in China

Apple CEO Tim Cook attends the annual session of China Development Forum (CDF) 2018 at the Diaoyutai State Guesthouse in Beijing, China March 26, 2018. Jason Lee | Reuters

Factories in China, the center of the electronics industry’s supply chain, have been closed for an extended Lunar New Year holiday and the outbreak of the deadly coronavirus. Most are expected to re-open on February 10, a week later than previously scheduled. But quarantines and other measures put in place to stop the spread of the disease in China could continue to disrupt electronics manufacturing well into the holiday season, even if factories quickly return to full production, manufacturing experts said. Andre Neumann-Loreck, founder of On-Tap Consulting, a Silicon Valley firm that specializes in advising hardware companies and startups building products in Asia, said that his clients had been asking a lot of questions about how to deal with the epidemic and were actively making contingency plans. “Companies that are building hardware or physical products are in crisis mode now, and that’s true whether they’re getting finished goods built in China or relying on China for components and sub-assemblies,” Neumann-Loreck said. For example, Facebook warned on Friday that it was expecting the coronavirus to impact the production of its Oculus Quest virtual reality headsets.

How delays could cascade

The supply chain has already been disrupted with the week-long delay to factories re-opening, said Sherina Kamal, risk analyst at Resillience 360, a logistics risk-management company backed by DHL. “The ripple effect coming from one region in China is completely unprecedented,” Kamal said. “We’ve never seen anything like this.” Factory staffing could be an issue that lasts long beyond the peak of the outbreak, given that many factory workers in China travel from the countryside to factories in urban areas. “There are many temporary workers that go to the city to earn a living, then they go back and reunite with their families,” said Jayashankar Swaminathan, professor of global operations at UNC Kenan-Flagler Business School. “But in this situation, they may have second thoughts about whether to go back. That would be a major problem for companies if there is a shortage of manpower. Well-run companies typically have plans for production disruptions, and if companies have identified second suppliers for key parts, they may be able to keep producing current products at a slightly slower pace, said Swaminathan. But delays in the design and prototyping process could cascade well into the holiday season.

Chinese workers assemble electronic components at the Taiwanese technology giant Foxconn’s factory in Shenzhen, China. AFP | AFP | Getty Images

That’s because electronics companies work on new products in Chinese factories at the same time they are producing last year’s products — a process called “new product introduction” (NPI). That means products scheduled for the holiday season months away could be delayed. “Companies with a product in development, whether they’re in the prototyping stage or what’s called the NPI stage, they’re at risk for holiday 2020 because the schedules for holiday are already tight, and the schedules are already slipping because the factories aren’t open and the supply chains aren’t up and running,” Neumann-Loreck said. In order to produce a large number of electronic devices, electronics companies go through several structured stages, or “builds.” First, a company builds a small quantity, or what’s called an engineering verification test or EVT build, where the major features and components are tested and corrected. Then comes the design or development verification test, or DVT, used to make sure the devices can be built in large quantities. After that comes production verification tests, and finally “ramp,” when factories are making large quantities of the product for the public. The process takes months and a delay in one build can slow down the entire process. “Those builds require hands-on engineering support from the development team. If you have a team in the U.S. that’s designing your product, they typically travel to China for those builds,” Neumann-Loreck said. But U.S. companies are restricting employee travel to China, potentially limiting the hands-on time that engineers need to work out production issues. For example, Apple CEO Tim Cook said last week that the company was limiting travel to “business-critical” functions.

iPhone delays predicted

Some experts even expect delays to global icons, like Apple’s most important product, the iPhone. “What is going to happen to iPhone in particular? I would bet this may delay the launch of the next model or products,” Swaminathan said. “Our latest survey indicates that the iPhone supply is being affected by the coronavirus and, therefore, we cut the iPhone shipment forecasts by 10%,” TF Securities analyst Ming-Chi Kuo wrote in a Feb. 2 note. He said second quarter shipments were difficult to predict because of “the uncertainties of the coronavirus epidemic and consumer confidence.” During an earnings call last week, Cook said that the company’s revenue guidance took into account the uncertainty related to the situation, and that the impact on suppliers outside of Hubei was “less clear at this time.” A representative for Foxconn, one of China’s largest employers and Apple’s primary iPhone assembler, did not confirm that factories will re-open on Monday, Feb. 10. “We have been closely monitoring the current public health challenge linked to the coronavirus and we are applying all recommended health and hygiene practices to all aspects of our operations in the affected markets. These health and safety measures are conducted in tandem with the efforts implemented by the government,” the spokesperson said. “The operation schedules for our facilities in China follow the recommendations of the local governments, and we have not received any requests from our customers on the need to resume production earlier.”


Company: cnbc, Activity: cnbc, Date: 2020-02-08  Authors: kif leswing
Keywords: news, cnbc, companies, manufacturing, travel, factories, products, holiday, companies, electronics, china, heart, iphone, production, coronavirus, mode, crisis, disrupts, product


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post