US bans sales of Juul e-cigarettes, company to seek stay on enforcement

US bans sales of Juul e-cigarettes, company to seek stay on enforcement

June 23 (Reuters) – Sales of Juul e-cigarettes were blocked by the US Food and Drug Administration on Thursday, in a major blow to the once high-flying firm whose products have been tied to a surge in teenage vaping. The agency said the applications “lacked sufficient evidence” to show that sale of the products would … Read more

US wheat crop hit by dry winter then soggy spring, adding to global tightness

May 31 (Reuters) – North Dakota farmer Dwight Grotberg wanted to plant more wheat this spring to capitalize on soaring prices since Russia’s invasion of Ukraine cut grain exports and left the world short of millions of tonnes of wheat supply. Heavy rain has prevented Grotberg from planting as much wheat crop as he wanted … Read more

Exclusive: Danone ramps up US baby formula shipments to address shortage

LONDON/LOS ANGELES, May 20 (Reuters) – Aptamil maker Danone SA (DANO.PA) has stepped up shipments of infant formula from Europe to address a shortage in the United States, according to US customs data and an analysis of ocean cargo data by shipping consultancy Ocean Audit for Reuters. Danone, the world’s second biggest baby milk formula … Read more

Exclusive: India’s Reliance to acquire dozens of brands in $6.5 billion consumer goods play

Customers buy grocery items inside a superstore of Reliance Industries Ltd, in Mumbai, India, October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Register now for FREE unlimited access to register India retail giant plans big push in consumer goods business Reliance in late-stage talks with 30 brands for deals-source Indian firm is hiring distributors, executives for … Read more

Wall Street whipsaws, S&P closes lower on worries of prolonged inflation

Producer prices decelerate in April S&P 500 flirts with bear market confirmation Tapestry jumps after upbeat Q3 results Indexes: Dow down 0.33%, S&P off 0.13%, Nasdaq up 0.06% NEW YORK, May 12 (Reuters) – US stocks ended a whipsaw session slightly lower on Thursday, as investors juggled signs of peaking inflation with fears that it … Read more