Kraft Heinz sees potential in baby food, will keep Plasmon

Kraft Heinz sees potential in baby food, will keep Plasmon
MILAN (Reuters) – Global packaged food group Kraft Heinz Co (KHC.O) will keep baby food line Plasmon and plans to leverage its ‘Made in Italy’ credentials to expand the brand abroad, Kraft Heinz Co’s general manager for Italy said. Plasmon products are seen on supermarket shelves in Milan, Italy, October 19, 2019. Picture taken October 19, 2019. REUTERS/Francesca Landini Earlier... Read More

Biogen, Eisai revive plans for Alzheimer’s drug, surprising market

Biogen, Eisai revive plans for Alzheimer’s drug, surprising market
(Reuters) – Biogen Inc (BIIB.O) revived plans on Tuesday to seek U.S. approval for Alzheimer’s treatment aducanumab, surprising investors and saying data from more patients in two discontinued studies showed the drug reduced the decline of patients. The drugmaker’s shares soared 27% in New York trading, recouping almost all of the $18 billion it lost when it said in March... Read More

Johnson & Johnson CEO testified Baby Powder was safe 13 days before FDA bombshell

Johnson & Johnson CEO testified Baby Powder was safe 13 days before FDA bombshell
LOS ANGELES/NEW YORK (Reuters) – Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the company’s Chief Executive Alex Gorsky earlier this month insisted that the company’s iconic brand was safe. FILE PHOTO: Johnson & JohnsonÕs Chief Executive Alex Gorsky speaks during a recorded deposition in New York, U.S. October 3, 2019. Simmons... Read More

McDonald’s misses profit target as competition delivers breakfast, plant burgers

McDonald’s misses profit target as competition delivers breakfast, plant burgers
(Reuters) – McDonald’s Corp (MCD.N) missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world’s biggest fast food chain, sending its shares down 4%. Rival fast-food chains in the United States have challenged its dominance with value meals and... Read More

McDonald’s U.S. same-store sales miss expectations

McDonald’s U.S. same-store sales miss expectations
FILE PHOTO: A McDonald’s “PLT” burger with a Beyond Meat plant-based patty at one of 28 test restaurant locations in London, Ontario, Canada October 2, 2019. REUTERS/Moe Doiron/File Photo (Reuters) – McDonald’s Corp (MCD.N) fell short of Wall Street expectations for quarterly sales at its established U.S. outlets on Tuesday, as it battled intense competition from rival fast food chains... Read More

Clean getaway: Meat waste joins biofuels at luxury jet show

Clean getaway: Meat waste joins biofuels at luxury jet show
LAS VEGAS (Reuters) – At the world’s biggest industry show in Las Vegas luxury jets are luring buyers with their sleek silhouettes, plush cabins – and increasingly, their use of alternative fuels. A decal stating “This Aircraft Flies On Renewable Fuel” is seen on a Gulfstream 650ER business jet at the National Business Aviation Association (NBAA) exhibition in Las Vegas,... Read More

Arla’s CFO steps down to take up position at Ahold Delhaize

Arla’s CFO steps down to take up position at Ahold Delhaize
FILE PHOTO: Arla Food’s milk powder is stacked in a supermarket in Copenhagen, Denmark December 15, 2017. REUTERS/Julie Astrid Thomsen COPENHAGEN (Reuters) – Arla Foods, one of the world’s largest dairy firms, said on Tuesday that Chief Financial Officer Natalie Knight will leave the company at the end of February because she is moving to Belgian food retailer Ahold Delhaize... Read More

Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial

Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial
CLEVELAND (Reuters) – Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis. A view of the statue standing in front of the U.S. District Courthouse in Cleveland, Ohio, U.S., October 18, 2019. REUTERS/Aaron... Read More

Drug companies reach $260 million settlement, averting first federal opioid trial

Drug companies reach $260 million settlement, averting first federal opioid trial
CLEVELAND (Reuters) – Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in Cleveland. A view of the statue standing in front of the U.S. District Courthouse in Cleveland, Ohio, U.S., October 18, 2019. REUTERS/Aaron Josefczyk The... Read More