Japan ends longstanding trade restrictions on American beef, setting stage for exports to grow

Japan has agreed to lift longstanding restrictions on American beef exports, clearing the way for U.S. products to enter the market regardless of age, the U.S. Department of Agriculture announced Friday. American beef sales to Japan topped $2 billion last year, representing approximately one-fourth of all U.S. beef exports. It said the ability of the industry to use beef from over-30-month cattle also will lower costs for companies exporting processed beef products to Japan. Japanese regulators


Japan has agreed to lift longstanding restrictions on American beef exports, clearing the way for U.S. products to enter the market regardless of age, the U.S. Department of Agriculture announced Friday. American beef sales to Japan topped $2 billion last year, representing approximately one-fourth of all U.S. beef exports. It said the ability of the industry to use beef from over-30-month cattle also will lower costs for companies exporting processed beef products to Japan. Japanese regulators
Japan ends longstanding trade restrictions on American beef, setting stage for exports to grow Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jeff daniels
Keywords: news, cnbc, companies, stage, exports, ends, cattle, longstanding, age, trade, restrictions, products, grow, access, setting, beef, tariffs, japan, million


Japan ends longstanding trade restrictions on American beef, setting stage for exports to grow

Japan has agreed to lift longstanding restrictions on American beef exports, clearing the way for U.S. products to enter the market regardless of age, the U.S. Department of Agriculture announced Friday.

The news comes on the heels of other important trade developments on Friday, including the Trump administration’s plans to delay auto tariffs on the EU and Japan and lift steel tariffs on Canada and Mexico.

In 2005, Japan imposed restrictions on cattle over 30 months old for U.S. beef imports in response to the outbreak of bovine spongiform encephalopathy, sometimes known as mad cow disease.

According to the USDA announcement, Japan agreed to remove that age limit for U.S. beef imports. The new terms, which take effect immediately, allow U.S. products from all cattle, regardless of age, to enter Japan for the first time since 2003, the government said.

“This is great news for American ranchers and exporters who now have full access to the Japanese market for their high-quality, safe, wholesome, and delicious U.S. beef,” Agriculture Secretary Sonny Perdue said in a statement. “We are hopeful that Japan’s decision will help lead other markets around the world toward science-based policies.”

American beef sales to Japan topped $2 billion last year, representing approximately one-fourth of all U.S. beef exports.

The U.S. Meat Export Federation estimates that expanded access without the age restrictions could increase U.S. beef sales to Japan 7% to 10%, or by $150 million to $200 million annually. It said the ability of the industry to use beef from over-30-month cattle also will lower costs for companies exporting processed beef products to Japan.

On the news, Chicago Mercantile Exchange cattle futures moved higher, reversing some recent weakness. The August feeder cattle contract was up more than 1%, and the August live cattle contract also was slightly higher.

“There are countries and regions where it takes decades to build up to $200 million in beef exports,” said Joe Schuele, a spokesman for USMEF. “And yet in Japan, we’re going to add that business in really a short period of time. So in a way, this is kind of like opening up a whole new medium-sized market.”

Japanese regulators banned imports of U.S. beef and beef products in 2003 in response to mad cow disease being confirmed on a farm in Washington state. In late 2005, Japan agreed to restore partial access to U.S. beef but with age-based restrictions.

The U.S. is Japan’s largest beef supplier in terms of value and ranks second behind Australia in volume. Still, export competition is intensifying as New Zealand, Canada and Australia get reduced Japanese tariffs under the Trans-Pacific Partnership, the 11-nation trade deal the U.S. withdrew from in 2017 under President Donald Trump.

“Tariff rates grab all the headlines, but non-tariff barriers are often just as important, if not more so, when it comes to determining market access,” said National Cattlemen’s Beef Association President Jennifer Houston. “Hopefully, this will help spotlight this important point and lead to more trade victories in the near future.”


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jeff daniels
Keywords: news, cnbc, companies, stage, exports, ends, cattle, longstanding, age, trade, restrictions, products, grow, access, setting, beef, tariffs, japan, million


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Short seller says Beyond Meat hype is ‘beyond stupid,’ places bet against the shares

A notable short seller is roasting newly public Beyond Meat. Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat substitute company has sent its stock too high. “Most heavily traded retail stock on Robinhood, market cap now bigger than industry, and superior competitor coming to market soon.” Left, known for betting against Tesla and Valeant Pharmaceuticals, confirmed in an email to CNBC that he took a short position in Beyond Meat Friday.


A notable short seller is roasting newly public Beyond Meat. Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat substitute company has sent its stock too high. “Most heavily traded retail stock on Robinhood, market cap now bigger than industry, and superior competitor coming to market soon.” Left, known for betting against Tesla and Valeant Pharmaceuticals, confirmed in an email to CNBC that he took a short position in Beyond Meat Friday.
Short seller says Beyond Meat hype is ‘beyond stupid,’ places bet against the shares Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: thomas franck
Keywords: news, cnbc, companies, retail, market, meat, bet, stock, public, took, products, seller, shares, hype, short, research, stupid, places


Short seller says Beyond Meat hype is 'beyond stupid,' places bet against the shares

Packages of Beyond Meat Inc. beef crumbles are displayed for a photograph in Tiskilwa, Illinois, U.S., on Tuesday, April 23, 2019.

A notable short seller is roasting newly public Beyond Meat.

Andrew Left of Citron Research took to Twitter Friday afternoon, saying the hype around the plant-based meat substitute company has sent its stock too high.

Beyond Meat “has become Beyond Stupid,” Citron Research said in a tweet. “Most heavily traded retail stock on Robinhood, market cap now bigger than industry, and superior competitor coming to market soon.”

Left, known for betting against Tesla and Valeant Pharmaceuticals, confirmed in an email to CNBC that he took a short position in Beyond Meat Friday. Beyond shares were down 6% in afternoon trading.

He added that its stock performance “seems to be all retail-driven without any fundamental basis.”

Notwithstanding Left’s prediction for a 25% plunge in Beyond’s stock price, the El Segundo, California company remains a bright spot in a string of shaky starts for 2019 IPOs.

Beyond’s products, including fake ground beef to burgers, are designed to replicate the consistency and taste of meat. Instead of animal protein, the meat alternatives use gluten- and soy-free products from peas and faba beans. And with more Americans experimenting with flexitarian diets, demand for Beyond Meat shares surged during its initial public offering earlier this month.

In one of the strongest kickoffs this year, shares rocketed 163% on May 2, the first day of trading for the equity. Beyond Meat, which priced its initial public offering at $25 per share, has seen its stock rally to highs north of $90 by Thursday’s close.

But Beyond’s rapid ascent — and popularity among retail traders — has Citron’s Left convinced its price tag has grown frothy, especially with competitors like Impossible Foods eyeing the public market. Despite a market capitalization north of $5 billion, Beyond only generated $87.9 million in 2018.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: thomas franck
Keywords: news, cnbc, companies, retail, market, meat, bet, stock, public, took, products, seller, shares, hype, short, research, stupid, places


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China has plenty of ways to get back at US for treatment of Huawei

Omar Marques | LightRocket | Getty ImagesChina has plenty of ways it can retaliate against the U.S. treatment of Huawei, and U.S. companies could feel the brunt of it. Huawei was put on the Commerce Department’s Entity List which would require companies to apply for a license to sell technology to Huawei, thus limiting its access to U.S. technology. The U.S. may see the action against Huawei as a lever in its China trade negotiations, which have hit a rough spot and now could take several more m


Omar Marques | LightRocket | Getty ImagesChina has plenty of ways it can retaliate against the U.S. treatment of Huawei, and U.S. companies could feel the brunt of it. Huawei was put on the Commerce Department’s Entity List which would require companies to apply for a license to sell technology to Huawei, thus limiting its access to U.S. technology. The U.S. may see the action against Huawei as a lever in its China trade negotiations, which have hit a rough spot and now could take several more m
China has plenty of ways to get back at US for treatment of Huawei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: patti domm
Keywords: news, cnbc, companies, plenty, chance, trade, meng, consumers, treatment, deal, ways, products, huawei, technology, companies, china


China has plenty of ways to get back at US for treatment of Huawei

5G logo is seen on an android mobile phone with Huawei logo on the background. Omar Marques | LightRocket | Getty Images

China has plenty of ways it can retaliate against the U.S. treatment of Huawei, and U.S. companies could feel the brunt of it. Both the White House and Commerce Department Wednesday took actions against the Chinese telecom company, which would essentially ban it from selling technology in the U.S. market and also stop it from buying the Qualcomm chips it needs for its production. Huawei was put on the Commerce Department’s Entity List which would require companies to apply for a license to sell technology to Huawei, thus limiting its access to U.S. technology. The U.S. may see the action against Huawei as a lever in its China trade negotiations, which have hit a rough spot and now could take several more months. China’s possible reactions range from encouraging boycotts of U.S. products, favoring other companies over American companies, and conducting nuisance regulatory enforcements and inspections.

China could also use the same tactics it might use if trade talks become more difficult or fall apart, such as limiting purchases of U.S. Treasurys or selling them or weakening its currency. The biggest holder of U.S. Treasurys, China recently reduced its holdings to the lowest level in two years. Eurasia Group analysts said there’s only now a 15% chance of a deal by the time President Donald Trump and Chinese President Xi Jinping meet at the G-20 meeting at the end of June. They see a 45% chance that negotiations will be extended, and 40% chance there will be no deal or truce. Citigroup economists still expect a trade deal within the next couple of months, regardless of where Huawei stands. “This is consistent with our view that the tensions between the U.S. and China go beyond trade. What we thought before this event was these issues regarding the technology sector were mostly taken on a different path, so they’re not that tied to having a trade deal,” said Cesar Rojas, global economist at Citigroup. Analysts speculated that one of China’s first responses to the Huawei actions was to formally charge two Canadians Thursday with espionage. The two were arrested in December, and the charges against them were viewed as payback for Canada’s help in the arrest of Huawei CFO Meng Wanzhou, who is fighting extradition to the U.S.

‘Mobilizing patriotic consumers’

In January, the U.S. charged Huawei and Meng with wire fraud, obstructing justice, conspiring to launder money and violating the International Emergency Economic Powers Act by doing business with sanctioned Iran. Meng is the daughter of Hauwei’s founder and faces extradition to the U.S. Washington has also discouraged the adoption of Huawei technology in other countries, for fear its equipment is not secure and could be used for cyber-espionage. “There has been some signaling about maybe mobilizing patriotic consumers, so you could maybe see a boycott of U.S. products. That’s been pretty limited so far. That’s been the main response,” said Adam Segal, director of digital and cybersecurity at the Council on Foreign Relations. He said Apple would be the most likely target because its products are sold directly to consumers, but China may not want to rev up consumers too much. “There is a worry that if you mobilize too much nationalist sentiment, that you can’t control it,” he said. Segal said China could use anti-competition inspections on China-based operations of U.S. companies, as it did with Microsoft several years ago. “They could search your factory. At 5 o’clock in the morning, inspectors show up and demand to see your books,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: patti domm
Keywords: news, cnbc, companies, plenty, chance, trade, meng, consumers, treatment, deal, ways, products, huawei, technology, companies, china


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Steve Wozniak: 2 counterintuitive reasons I was able to build ‘A+’ products when Apple first started

In 1976, Steve Wozniak co-founded Apple with Steve Jobs in a Silicon Valley garage. The iconic tech company has grown to have a market capitalization of more than $850 billion. Apple’s legendary success as a company, however, was not what co-founder and designer Wozniak was hoping to achieve when he was first building the company. Wozniak designed Apple’s first products, the Apple I and II computers and he helped design the Macintosh — because he wanted to use them and they didn’t exist. “I did


In 1976, Steve Wozniak co-founded Apple with Steve Jobs in a Silicon Valley garage. The iconic tech company has grown to have a market capitalization of more than $850 billion. Apple’s legendary success as a company, however, was not what co-founder and designer Wozniak was hoping to achieve when he was first building the company. Wozniak designed Apple’s first products, the Apple I and II computers and he helped design the Macintosh — because he wanted to use them and they didn’t exist. “I did
Steve Wozniak: 2 counterintuitive reasons I was able to build ‘A+’ products when Apple first started Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: catherine clifford, laura wronski, senior research scientist, surveymonkey, jon cohen, chief research officer
Keywords: news, cnbc, companies, reasons, able, macintosh, billion, counterintuitive, products, started, apple, really, steve, valley, wozniak, youtube, build, wanted, company


Steve Wozniak: 2 counterintuitive reasons I was able to build 'A+' products when Apple first started

In 1976, Steve Wozniak co-founded Apple with Steve Jobs in a Silicon Valley garage.

The iconic tech company has grown to have a market capitalization of more than $850 billion. In the three months February, March and April, the iPhone and Macintosh computer maker reported quarterly earnings of $58 billion, according to its April 30 financial statement.

Apple’s legendary success as a company, however, was not what co-founder and designer Wozniak was hoping to achieve when he was first building the company. Wozniak designed Apple’s first products, the Apple I and II computers and he helped design the Macintosh — because he wanted to use them and they didn’t exist.

“I did it not for a company, I did it because I wanted it myself,” Wozniak told YouTube entrepreneur Patrick Bet-David in 2010.

“If you can convince somebody to want something inside for their own personal reason, they really see something that they want to do and they really feel it in their heart — that’s when you get a lot more done,” Wozniak said.

“You can’t motivate people with a high enough salary to do what you will do when it is for your own self. Or to show off, even!” Wozniak said.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: catherine clifford, laura wronski, senior research scientist, surveymonkey, jon cohen, chief research officer
Keywords: news, cnbc, companies, reasons, able, macintosh, billion, counterintuitive, products, started, apple, really, steve, valley, wozniak, youtube, build, wanted, company


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Credit Suisse has a portfolio of takeover plays that’s beat the market the last 5 years

Windows 10 upgrade cycle driving growth — and it’s only halfway…Microsoft will stop supporting Windows 7 and Office 2010 in 2020. As customers move to newer products, Microsoft will be able to sell them additional tools, an executive said…Enterpriseread more


Windows 10 upgrade cycle driving growth — and it’s only halfway…Microsoft will stop supporting Windows 7 and Office 2010 in 2020. As customers move to newer products, Microsoft will be able to sell them additional tools, an executive said…Enterpriseread more
Credit Suisse has a portfolio of takeover plays that’s beat the market the last 5 years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, portfolio, stop, office, takeover, thats, saidenterpriseread, products, market, windows, plays, upgrade, credit, supporting, sell, newer, beat, suisse, tools


Credit Suisse has a portfolio of takeover plays that's beat the market the last 5 years

Windows 10 upgrade cycle driving growth — and it’s only halfway…

Microsoft will stop supporting Windows 7 and Office 2010 in 2020. As customers move to newer products, Microsoft will be able to sell them additional tools, an executive said…

Enterprise

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: maggie fitzgerald
Keywords: news, cnbc, companies, portfolio, stop, office, takeover, thats, saidenterpriseread, products, market, windows, plays, upgrade, credit, supporting, sell, newer, beat, suisse, tools


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Xiaohongshu 2019 Disruptor 50

Here’s how a social e-commerce site knows it’s made it: Kim Kardashian has launched an account. Chinese start-up Xiaohongshu — which translates to “little red book” — has become China’s leading social e-commerce platform for overseas luxury goods, primarily fashion and beauty products. Xiaohongshu now has more than 200 million registered users and claims that number is growing by 300% each year. The company has raised a little more than $417 million so far, with $300 million from Alibaba Group l


Here’s how a social e-commerce site knows it’s made it: Kim Kardashian has launched an account. Chinese start-up Xiaohongshu — which translates to “little red book” — has become China’s leading social e-commerce platform for overseas luxury goods, primarily fashion and beauty products. Xiaohongshu now has more than 200 million registered users and claims that number is growing by 300% each year. The company has raised a little more than $417 million so far, with $300 million from Alibaba Group l
Xiaohongshu 2019 Disruptor 50 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, 2019, million, company, social, ecommerce, site, traveling, 50, fashion, qu, xiaohongshu, tobacco, products


Xiaohongshu 2019 Disruptor 50

Here’s how a social e-commerce site knows it’s made it: Kim Kardashian has launched an account. Chinese start-up Xiaohongshu — which translates to “little red book” — has become China’s leading social e-commerce platform for overseas luxury goods, primarily fashion and beauty products.

The shopping service is a source of advice and recommendations for its community of fashion and beauty lovers, who post pictures of their favorite products and provide information about where to buy them. The strategy has made it the world’s largest lifestyle platform that integrates community and content with e-commerce, and it has built up a following among some of China’s biggest influencers.

Read More: FULL LIST 2019 DISRUPTOR 50

In 2013 Charlwin Mao, who spent time at Bain Capital and Stanford University, and Miranda Qu conceived the company as an app for Chinese people to review merchandise they bought overseas while traveling. Mao and Qu soon realized it was being used by people in China who weren’t traveling; they were buying products with the help of friends or relatives who were living or traveling abroad. The company decided to start sourcing the merchandise for them — mostly cosmetics, nutritional items and fashion — so subscribers could buy directly.

Xiaohongshu now has more than 200 million registered users and claims that number is growing by 300% each year. Over 70% of them were born in the 1990s, with 50% born after 1995.

The company has raised a little more than $417 million so far, with $300 million from Alibaba Group last June. Such rapid growth hasn’t come without a few bumps in the road. In April the company was called out in a report from the Beijing Center for Disease Prevention and Control for violating a 2016 law prohibiting online tobacco ads by integrating smoking content into lifestyle posts. The agency cited 90,000 references to tobacco on Xiaohongshu’s site, some of which referred to specific products. The company has since deleted those posts, it says.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, prakash singh, afp, getty images, michael nagle, bloomberg, chesnot
Keywords: news, cnbc, companies, disruptor, 2019, million, company, social, ecommerce, site, traveling, 50, fashion, qu, xiaohongshu, tobacco, products


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Uptake 2019 Disruptor 50

That’s a pretty big ambition, but this Chicago-based SaaS start-up believes that AI and machine learning are the answer. Uptake takes voluminous amounts of data produced in industries like energy and transportation and uses AI to unlock all the ways a particular process or machine could potentially fail. Read More: FULL LIST 2019 DISRUPTOR 50In April the company partnered with J.D. The two companies will provide independent industry benchmark studies, data and analytics products and customized a


That’s a pretty big ambition, but this Chicago-based SaaS start-up believes that AI and machine learning are the answer. Uptake takes voluminous amounts of data produced in industries like energy and transportation and uses AI to unlock all the ways a particular process or machine could potentially fail. Read More: FULL LIST 2019 DISRUPTOR 50In April the company partnered with J.D. The two companies will provide independent industry benchmark studies, data and analytics products and customized a
Uptake 2019 Disruptor 50 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, leah millis, prakash singh, afp, getty images
Keywords: news, cnbc, companies, uptake, disruptor, 2019, machine, data, company, energy, industries, 50, industry, companies, devices, products


Uptake 2019 Disruptor 50

Uptake’s mission: to create a world that always works. That’s a pretty big ambition, but this Chicago-based SaaS start-up believes that AI and machine learning are the answer. Uptake takes voluminous amounts of data produced in industries like energy and transportation and uses AI to unlock all the ways a particular process or machine could potentially fail. Company co-founder and CEO Brad Keywell — one of the people who started Groupon — says this helps Uptake customers, such as Berkshire Hathaway Energy, Rolls-Royce and the U.S. Army, reach new levels of productivity, reliability and safety.

Read More: FULL LIST 2019 DISRUPTOR 50

In April the company partnered with J.D. Power to develop new analytics products for the automotive industry, as well as for utilities and telecommunications companies. The alliance will enable original equipment manufacturers (OEMs) and operators in these three industries to gather insights from millions of newly connected devices, including those in manufacturing plants as well as vehicles, smart meters and network devices. The two companies will provide independent industry benchmark studies, data and analytics products and customized advisory services.

The company also signed a contract in June with the U.S. Army to improve the readiness of the Bradley Fighting Vehicle by predicting component failures and decreasing the frequency of unscheduled maintenance.

Uptake is already working on six continents and opened an office in Dubai late last year. The company has taken in $218 million in funding from investors such as Baillie Gifford, Revolution Growth and GreatPoint Partners.


Company: cnbc, Activity: cnbc, Date: 2019-05-14  Authors: cnbccom staff, george kavallines, source, indigo agriculture, leah millis, prakash singh, afp, getty images
Keywords: news, cnbc, companies, uptake, disruptor, 2019, machine, data, company, energy, industries, 50, industry, companies, devices, products


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Don’t make these 7 costly mistakes when shopping at Costco

You don’t take advantage of non-member perksYou don’t have to be a Costco member to take advantage of some of the warehouse club’s incredible bargains. If your local Costco has an optical department, you can book a cost-effective eye exam with an on-site optometrist without a membership. You buy more than you can consumeIf you have a membership, Costco can be a great place to find deals on the foods you eat every day. For example, most Costco products end in a 9, such as $15.99. You don’t price


You don’t take advantage of non-member perksYou don’t have to be a Costco member to take advantage of some of the warehouse club’s incredible bargains. If your local Costco has an optical department, you can book a cost-effective eye exam with an on-site optometrist without a membership. You buy more than you can consumeIf you have a membership, Costco can be a great place to find deals on the foods you eat every day. For example, most Costco products end in a 9, such as $15.99. You don’t price
Don’t make these 7 costly mistakes when shopping at Costco Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: megan leonhardt
Keywords: news, cnbc, companies, costco, products, price, costly, stores, shopping, membership, mistakes, pay, prices, dont, local, offers


Don't make these 7 costly mistakes when shopping at Costco

Costco is one of America’s favorite places to shop: The chain recently earned second place among national grocery stores in the annual Retailer Preference Index from consumer data firm Dunnhumby. That’s pretty impressive, considering you typically need to purchase a membership to shop at Costco, a basic version of which costs $60 a year. More than 94 million members pay so they can buy in bulk and access the chain’s best products. Still, depending on your circumstances, not everything sold there is going to be a great deal for you. Here are seven mistakes to avoid next time you’re shopping at Costco to maximize your savings.

1. You don’t take advantage of non-member perks

You don’t have to be a Costco member to take advantage of some of the warehouse club’s incredible bargains. Perhaps the biggest is its pharmacy. Because of state and local laws, you can buy prescriptions at many Costco locations without a membership, according to the Krazy Coupon Lady. While exact prices can vary, drugs at Costco can save you up to 80% off what you’d pay for the same medications at other pharmacies, even without insurance, the Krazy Coupon Lady site reports. Costco was also the cheapest walk-in pharmacy when it came to non-member prices on five common prescription drugs, Consumer Reports found. Those savings also apply to immunizations such as flu shots: Costco is among the cheapest places to get those done if you don’t have insurance. If your local Costco has an optical department, you can book a cost-effective eye exam with an on-site optometrist without a membership. And if you’re hungry afterwards, you can swing by Costco’s in-store food court. Anyone paying cash can chow down on the retailer’s $1.50 hot dog combo. Alcohol purchases also don’t typically require a membership. That includes Costco’s Kirkland Signature vodka, which is a cult favorite and has even beaten Grey Goose in blind taste tests.

2. You don’t know whether a membership is right for you

Possibly the biggest question facing shoppers who are interested in Costco is whether they should invest in a paid annual membership, which starts at $60 a year. Costco also offers a Gold Star Executive Membership that costs $120 a year and offers a 2% cash-back reward up to $1,000. Generally, if you spend at least $600 a year there, it’s worth getting a basic Costo membership, Joanie Demer, co-founder of the Krazy Coupon Lady, tells CNBC Make It. Other experts suggest that it could make sense if you have kids, pets and/or a car. If you spend over $250 a month, or $3,000 a year, then an executive membership will pay for itself, she adds. If you’re only an occasional shopper, your best bet may be to ask someone with a membership to pick you up a Costco Cash Card next time they’re shopping. It’s the store’s version of a gift card and it will get you in the door whether you have a membership or not, Demer says.

3. You buy more than you can consume

If you have a membership, Costco can be a great place to find deals on the foods you eat every day. But because Costco generally sells products in bulk, you need to make sure you can consume the larger quantities before it goes bad. Otherwise, you may end up throwing a good portion of the food away or struggle to find room for it in your home. For example, if you live by yourself, springing for Costco’s one-pound container of fresh spinach may not make sense, even though it is a steal at around $5. Fresh spinach, even if it’s stored properly, will usually only last five to seven days in the refrigerator, according to shelf-life guide site StillTasty.com. That’s primarily why Charlene Haugsven, founder of MyFrugalAdventures.com, says you’ve got to consider the overall value of a product. “Just because Costco has it, doesn’t mean it’s a bargain,” she tells CNBC Make It.

4. You don’t pay attention to the price tags

If you buy food at Costco, you generally save because the chain doesn’t mark up products as much as typical grocery stores, Demer says. “Costco prices average 10% less than the local big-box retailer,” she adds. But that doesn’t mean everything is a good value. It pays to know the system embedded in Costco’s price tags, Demer says. For example, most Costco products end in a 9, such as $15.99. But if an item has a price that ends in a 7 or a 0, it’s been marked down. Also, if there’s an asterisk on the price tag, generally in the corner, it means that item will not be restocked. So if it’s a favorite, stock up while you can. Keep in mind, however, that the asterisk doesn’t always mean that an item is discounted, just that it won’t be around once supplies are gone.

5. You don’t price check

Even at Costco, you still have to compare the store’s price to what you’d generally pay for an item elsewhere. And because Costco sells most of its products in bulk, it may make sense to do a little math and find out the the price per unit. CNBC Make It recently crunched the numbers on 26 grocery items, including fresh produce, baking ingredients, meat, and household items such as trash bags and laundry detergent. When we compared the price per unit to BJ’s Wholesale Club, BJ’s came out ahead in 18 categories where both retailers sold a similar product. Costco, like most brick-and-mortar retailers, also tends to charge higher prices on books, CDS and DVDs compared to Amazon, according to the Krazy Coupon Lady site. Keep in mind that Costco has many exclusive book gift sets, so the prices may not be an apples-to-apples comparison. But to be on the safe side, you should check your Amazon app before adding any books to your cart at Costco.

6. You pay more for health services elsewhere

Costco offers a lot of discounted health services to its members. So before you go to your doctor’s office or local clinic, check to see if your local Costco offers the same service at a better price. For example, a number of Costco locations provide free diabetes, osteoporosis and heart health screenings. Members also can save even more on prescription medication and over-the-counter drugs by enrolling in the Costco Member Prescription Program (CMPP). This program, which is free for members to join, is not insurance, but does provide additional discounts on top of Costco’s already low prices. Many Costco locations also have hearing aid services, which can be a great value. The chain offers free hearing tests, according to Consumer Reports, and if you find you do need hearing aids, Costco has competitive prices starting at roughly $1,000 for a set, depending on the brand and specific store. Costco also provides free hearing aid cleanings and checkups, as well as loss and damage coverage, according to the store’s website. Plus, Costco gives a 180-day money-back guarantee, so if you’re having trouble with your hearing aids, you can return them.

7. You exclusively shop at Costco


Company: cnbc, Activity: cnbc, Date: 2019-05-13  Authors: megan leonhardt
Keywords: news, cnbc, companies, costco, products, price, costly, stores, shopping, membership, mistakes, pay, prices, dont, local, offers


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Shares of fake meat company Beyond Meat soar as market tanks

Shares in Beyond Meat closed up nearly 6% after earlier surging more than 14% on a rough day that saw the S&P 500 end down more than 1.5%. Bernstein analyst Alexia Howard noted that the newly public company faces some competition in Impossible Burger (which is making a new, vegetarian Whopper for Burger King) and forthcoming products planned by Nestle and Tyson. But the fact that Beyond Meat has already mastered mass manufacturing of its non-GMO, plant-based products gives the Southern Californi


Shares in Beyond Meat closed up nearly 6% after earlier surging more than 14% on a rough day that saw the S&P 500 end down more than 1.5%. Bernstein analyst Alexia Howard noted that the newly public company faces some competition in Impossible Burger (which is making a new, vegetarian Whopper for Burger King) and forthcoming products planned by Nestle and Tyson. But the fact that Beyond Meat has already mastered mass manufacturing of its non-GMO, plant-based products gives the Southern Californi
Shares of fake meat company Beyond Meat soar as market tanks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: lora kolodny
Keywords: news, cnbc, companies, plantbased, price, meat, fake, products, stock, public, market, soar, company, priced, tanks, shares


Shares of fake meat company Beyond Meat soar as market tanks

Ethan Brown, founder and CEO of Beyond Meat, prepares to ring the opening bell to celebrate his company’s IPO at the Nasdaq Market site in New York, May 2, 2019.

In the middle of a down market Tuesday, one stock stood out: Investors were going wild for shares in Beyond Meat, a maker of “alternative proteins” or plant-based meat products now sold at Whole Foods, Safeway and featured on the menus of Carl’s Jr., Del Taco, and TGI Friday’s, among others.

Shares in Beyond Meat closed up nearly 6% after earlier surging more than 14% on a rough day that saw the S&P 500 end down more than 1.5%. The spike followed a buy rating initiated by Bernstein, which set a price target around $81. The stock is currently trading around that price.

Bernstein analyst Alexia Howard noted that the newly public company faces some competition in Impossible Burger (which is making a new, vegetarian Whopper for Burger King) and forthcoming products planned by Nestle and Tyson. But the fact that Beyond Meat has already mastered mass manufacturing of its non-GMO, plant-based products gives the Southern California company an edge.

Alternative protein products, which are generally higher priced than their traditional counterparts at major restaurant chains today, may become more appealing budget-wise in the near future, due to global food safety concerns.

Howard wrote in a note on Tuesday:

“The African Swine Fever situation in China could drive global meat prices up sharply, across pork, beef and chicken. As this price escalation plays out, it seems likely that the relative price of plant-based burgers will start to look relatively less expensive, which could also boost demand over the next couple of years.”

Beyond Meat priced its initial public offering at $25 a share on Wednesday, and raised at least $240 million at an initial valuation slightly shy of $1.5 billion. The company has notched the best IPO performance of 2019 to date, with shares up more than 220%.


Company: cnbc, Activity: cnbc, Date: 2019-05-07  Authors: lora kolodny
Keywords: news, cnbc, companies, plantbased, price, meat, fake, products, stock, public, market, soar, company, priced, tanks, shares


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Sunscreens may enter bloodstream, but health effect unknown, study finds

Several active ingredients in popular sunscreens are absorbed into the body rather than just sitting on the skin, a new government study finds. Their study included a request to manufacturers to study the safety of the chemicals. The new study isn’t the first to suggest that sunscreen ingredients might find their way into the body from the skin. “It’s very important from a public health perspective that people use them, especially as skin cancer rates are increasing. What we do know is that UV r


Several active ingredients in popular sunscreens are absorbed into the body rather than just sitting on the skin, a new government study finds. Their study included a request to manufacturers to study the safety of the chemicals. The new study isn’t the first to suggest that sunscreen ingredients might find their way into the body from the skin. “It’s very important from a public health perspective that people use them, especially as skin cancer rates are increasing. What we do know is that UV r
Sunscreens may enter bloodstream, but health effect unknown, study finds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: linda carroll, ashley turner
Keywords: news, cnbc, companies, study, absorbed, unknown, health, skin, enter, cancer, fda, sunscreens, effect, sunscreen, ingredients, products, chemicals, bloodstream, body, finds


Sunscreens may enter bloodstream, but health effect unknown, study finds

A young woman places suncream on her friend while the sunbath on the beach during a heatwave August 6, 2003 in Eastbourne, England.

Several active ingredients in popular sunscreens are absorbed into the body rather than just sitting on the skin, a new government study finds.

In a Food and Drug Administration experiment, researchers determined that far higher levels of these ingredients are absorbed into people’s systems than the amount considered benign enough to avoid safety testing — in some cases, as much as 40 times higher than the threshold amount, according to the study published in JAMA.

At present, no one knows whether the chemicals tested by the FDA are harmful when there is systemic exposure, the researchers noted. Their study included a request to manufacturers to study the safety of the chemicals. The four ingredients in question are avobenzone, oxybenzone, octocrylene and ecamsule. The FDA recently said that the four chemicals needed to be researched by manufacturers before they were considered generally safe and effective.

“Just because they are absorbed doesn’t mean they are unsafe,” said study coauthor Dr. Theresa Michele, director of the division of nonprescription drug products at the FDA. “That’s why we are asking for additional data.”

The new study isn’t the first to suggest that sunscreen ingredients might find their way into the body from the skin. There have been reports of these chemicals being found in breast milk.

While waiting for studies to be done on the chemicals in question, Michele recommends that people continue to protect their skin from the sun. The active ingredients in sunscreens protect the skin by reflecting, absorbing, and/or scattering ultraviolet radiation.

“These products are used to prevent skin cancer,” Michele said. “It’s very important from a public health perspective that people use them, especially as skin cancer rates are increasing. Right now, we know that there are benefits from these products and we don’t know if there are any harms.”

Michele also encourages that people use other methods in addition to sunscreen to protect their skin from sun exposure. People “need to use sunscreen with other sun protecting measures, such as wearing protective clothing and sunglasses and staying out of the sun at peak hours,” she said.

Before the new study, no one knew the level of systemic exposure resulting from sunscreen use. To address that question, Michele and her colleagues recruited 24 healthy volunteers who were randomly assigned to receive one of four sunscreens, which included two sprays, one lotion and one cream.

The volunteers were asked to slather the sunscreen on all parts of the body that would not be covered by a swimsuit four times a day for four days, a regimen that reflects the instructions on sunscreen labels. Over a period of seven days, 30 blood samples were collected from each volunteer.

In order for sunscreen companies to avoid safety testing of the chemicals in their products, no more than 0.5 ng/mL of the active ingredients can be absorbed into the body. When the researchers analyzed the amount of these chemicals in the blood samples, they found all at higher levels than that threshold. The biggest difference was for oxybenzone, which was found to exceed 20ng/mL on day seven of the study.

Because no one knows how systemic absorption of the active ingredients in sunscreen might affect health, experts weren’t sure how to counsel patients who might be worried about their impact.

“All four of the sunscreens in all formulations were absorbed at higher levels than the threshold,” said Dr. Emily Newsom, an assistant clinical professor of dermatology at the University of California, Los Angeles. “At this point, we’re not sure what that means.”

What we do know is that UV rays damage the skin and the risk of skin cancer is higher without sunscreen, Newsom said. “So sunscreen should still be used given the epidemic of UV-related skin cancer,” she said. “Our concern is that the public will hear this and stop protecting their skin from sun damage.”

Just because these chemicals have been shown to be absorbed into the body doesn’t mean they are causing harm, according to Elizabeth Platz, a professor, and Dr. Martin D. Abeloff, a scholar in cancer prevention and the deputy chair of the department of epidemiology at the Johns Hopkins Bloomberg School of Public Health.

That’s why there’s been a call for studies that will investigate the impact of the chemicals when they are absorbed systemically, Platz said.

In a statement in response to the study, the American Academy of Dermatology noted that the sunscreen ingredients in question “have been used for several decades without any reported internal side effects in humans.”

“Importantly, the study authors conclude that individuals should not refrain from the use of sunscreen, which the AAD encourages as one component of a comprehensive sun protection plan as sunscreen use has been shown to reduce the risk of skin cancer in a number of scientific studies,” AAD President Dr. President George J. Hruza said in a statement.

The organization of dermatologists acknowledged that the science on sunscreen is evolving and left the door open for more research and possible guideline changes in the future.

“The AAD’s sun protection recommendations are based on the existing body of scientific evidence and current FDA regulations and guidelines; these recommendations will continue to evolve as the science develops and the FDA issues new regulations,” Hruza said.

For those who find the new information worrisome, Platz suggests switching to other ways of protecting skin from sun damage. Certain sun-blocking chemicals — zinc oxide and titanium dioxide — have been deemed safe by the FDA, Platz notes. The downside of these products is that they can leave a white-ish film on the skin, she said.

Beyond that, people can avoid UV exposure by wearing protective clothing, staying in the shade and remaining indoors during peak hours, Platz said.


Company: cnbc, Activity: cnbc, Date: 2019-05-06  Authors: linda carroll, ashley turner
Keywords: news, cnbc, companies, study, absorbed, unknown, health, skin, enter, cancer, fda, sunscreens, effect, sunscreen, ingredients, products, chemicals, bloodstream, body, finds


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