DIRS.INFO The most relevant business & tech news

☆ Climbers on Mount Everest will be ordered to buy poop bags and bring their waste back down with them, authorities say
▼ + stars: | 2024-02-08 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +2 min

Read previewClimbers attempting to scale Mount Everest, the world's tallest peak, will be ordered to buy poop bags and bring their waste back down with them for proper disposal, according to a new regulation. "Our mountains have begun to stink," Sherpa told BBC News. At lower altitudes, climbers typically dig holes in the snow to dispose of waste. But at higher elevations, with limited snow cover, climbers are often forced to relieve themselves in the open, BBC News reported. The news outlet said that the bags contain chemicals and powders to solidify human waste and minimize the odor.

Persons: —, Sherpa Organizations: Service, Sherpa, BBC News, Business, BBC, Sagarmatha Pollution Control, National Geographic Locations: Everest

GREEN RIVER, Utah (AP) — A plan to extract lithium — the lustrous, white metal used in electric vehicle batteries — in southeast Utah is adding to an anxiety familiar in the arid American West: how the project could affect water from the Colorado River. The company has also acquired rights to freshwater from the Green River nearby, leading to questions about how groundwater and river water are connected, and how its plans to produce lithium could affect the environment. The Green River is a tributary of the Colorado River, the over-tapped powerhouse of the West upon which 40 million people rely. So far, Anson has acquired rights for 2,500 acre-feet of water from the Green River. “There’s a difficulty turning anything down in a community like Green River,” he said.

Persons: ”, Lauren Wood, Anson, “, ” Anson, Bruce Richardson, Michael McKibben, Ren Hatt, Gayna, Salinas Organizations: Anson Resources, University of California, Interior Department, Land Management, . Department, ExxonMobil, Associated Press, Walton Family Foundation, AP Locations: GREEN, , Utah, Utah, Colorado, An Australian, Utah , Colorado , New Mexico, Arizona, Green, Green River , Utah, Anson, U.S, Riverside, Argentina, Qinghai, China, Arkansas, Nevada, Amargosa, Las Vegas, , Nevada, Australia, Chile, Gayna Salinas, “, America

☆ Linde shares pop as industrial gas giant underpromises and over-delivers — again
▼ + stars: | 2024-02-06 | by ( Zev Fima | ) www.cnbc.com time to read: +6 min

We expect another year of strong earnings growth from this best-of-breed industrial stock. Quarterly results As we can see in the chart below, this was an all-around strong quarter for Linde. In APAC (27.6% of sales), growth was led by end markets in chemicals, energy, and manufacturing. Updated expectations are for a mild recovery in a few end markets in China for the first half of 2024. EMEA (29.3% of sales) showed growth across all "resilient" end markets, which Linde defines as more consumer-related (healthcare, food and beverage, and electronics), while industrial end markets (manufacturing, chemicals and energy, and metals and mining) lagged.

Persons: Linde, shouldn't, —, haven't, We'll, Jim Cramer's, Jim Cramer, Jim Organizations: Linde, LIN, EMEA, Electronics, CNBC, Tanks, Bloomberg, Getty Locations: Americas, Africa, APAC, Asia, China

☆ ‘Everywhere’ chemicals linked to rise in preterm births, study says
▼ + stars: | 2024-02-06 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +9 min

Now, researchers have found synthetic chemicals called phthalates used in clear food packaging and personal care products could be a culprit, according to a new study. “Studies show the largest association with preterm labor is due to a phthalate found in food packaging called Di(2-ethylhexyl) phthalate, or DEHP,” Trasande said. “In our new study, we found DEHP and three similar chemicals could be responsible for 5% to 10% of all the preterm births in 2018. “This paper focused on the relationship between exposure to individual phthalates and preterm birth. “Every day, they’re often exposed to more than one phthalate from the products they use, so the risk of preterm birth may actually be greater,” said Friedman, who was not involved in the study.

Persons: phthalates, ”, Dr, Leonardo Trasande, ” Trasande, “, that’s, Alexa Friedman, Friedman, diisononyl, toxicologist Linda Birnbaum, ” Birnbaum, birthweight, DEHP, Trasande, ” Friedman, don’t, ” CNN’s Jen Christensen Organizations: CNN, NYU Langone Health, “, Environmental, American Chemistry Council, Product Safety, FDA, Food and Drug Administration, National Institute for Environmental Health Sciences, National Toxicology, National Institutes of Health’s, Child Health, Health, Mayo Clinic, American Academy of Pediatrics, AAP Locations: United States, European

☆ Stocks making the biggest moves midday: Palantir, Spotify, UPS, DocuSign and more
▼ + stars: | 2024-02-06 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

In its second quarter, the materials company posted earnings of 36 cents per share, greater than the 26 cents per share anticipated by analysts polled by StreetAccount. In its fourth quarter, the company posted adjusted earnings of 87 cents per share, compared to guidance of 85 cents to 87 cents in earnings per share. The company said it was committed to announcing a $3.5 billion share buyback for the first half of the year. The insurance service company reported adjusted earnings of $7.44 per share, topping the FactSet consensus estimate of $7.05 in earnings per share. Analysts polled by FactSet were expecting earnings of $1.08 per share on revenue of $1.24 billion.

Persons: Li, Willis Towers Watson, Gil Shwed, DocuSign, FactSet, Rambus, — CNBC's Michelle Fox, Alex Harring, Hakyung Kim, Yun Li, Tanaya Macheel, Jesse Pound, Pia Singh Organizations: LSEG, StreetAccount, GE HealthCare Technologies, FactSet, Li Auto, Deutsche Bank, Spotify Technology, DuPont de Nemours, BP —, BP, Simon Property Group, Simon Property, United Parcel Service, UBS, Software Technologies, UBS — U.S, FMC Locations: StreetAccount ., FactSet ., Mississippi, Dalton , Georgia, Dalton, Swiss

☆ Jim Cramer says the stock market rally has stalled because of two important reasons
▼ + stars: | 2024-02-06 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. But Jim Cramer said, "It is not a broadening rally. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street.

Persons: Jim Cramer, Eli Lilly, Lilly, Jim, David Simon, Tim Cook's, We're, Edwards Lifesciences, Jim Cramer's Organizations: CNBC, Broadcom, Nvidia, Micro, New York Community Bancorp, Signature Bank, Silicon Valley Bank, Linde, Club, DuPont, Air Products, Chemicals, Simon Property, GE Healthcare, Technology, Apple, Vision, Ford, Motors, Tesla, Enphase Energy, CVS Health, Yum Brands, Disney, Wynn Resorts, Jim Cramer's Charitable Locations: We're, New York, Silicon, China, Amgen

☆ How Nevada Is Pushing to Generate Jobs Beyond the Casinos
▼ + stars: | 2024-02-05 | by ( Peter S. Goodman | ) www.nytimes.com time to read: +1 min

Before the pandemic brought everyday life to a halt, Joe Kiele supported himself through the industry that dominates Nevada’s economy. Four years later, Mr. Kiele, 49, remains in Reno, yet he now spends his workday inside a factory. In place of worrying about the doneness of a customer’s rib-eye, he trains people on the proper handling of industrial chemicals. It extracts critical minerals like nickel, lithium, copper and cobalt, and uses them to manufacture components for electric vehicle batteries. In recent years, they have tried to secure investment from companies engaged in the transition toward green energy.

Persons: Joe Kiele, Kiele, Nevada’s Organizations: Reno ., Redwood Locations: Reno

☆ Stocks making the biggest moves premarket: Estee Lauder, Nvidia, McDonald's, Caterpillar and more
▼ + stars: | 2024-02-05 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Check out the companies making headlines before the bell: Estee Lauder — The cosmetics stock jumped 15% after Estee Lauder beat expectations with its latest results. In its second quarter, Estee Lauder reported adjusted earnings of 88 cents per share, topping the FactSet consensus estimate of 54 cents per share. Caterpillar — Shares of the heavy machinery maker popped more than 4% after the company reported adjusted earnings per share of $5.23 for the fourth quarter. In its first quarter, the industrial gas supplier reported adjusted earnings of $2.82 per share, weaker than earnings of $3.00 per share expected by analysts polled by StreetAccount. Stellantis — Stellantis shares slid 1.7% after Italian daily Il Messaggero , citing financial sources, reported the French government is reviewing a merger between Stellantis and Renault to compete with German and Chinese automakers, according to FactSet.

Persons: Estee Lauder, Catalent, Goldman Sachs, Il, McDonald's, — CNBC's Brian Evans, Michelle Fox, Fred Imbert, Hakyung Kim, Pia Singh Organizations: Novo Holdings, Caterpillar —, Revenue, North America . Air Products, Chemicals, Air Products, StreetAccount, JPMorgan, Nvidia —, Stellantis, Renault, McDonald's, Merck Animal Health, Mattel —, Warner Bros Locations: North America, StreetAccount .

☆ Stocks making the biggest moves midday: Nvidia, Boeing, Snap, Tyson Foods and more
▼ + stars: | 2024-02-05 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

McDonald's posted adjusted earnings of $2.95 per share on $6.41 billion in revenue. Analysts had expected earnings of $2.82 per share and $6.45 billion in revenue, according to LSEG, formerly known as Refinitiv. Analysts polled by FactSet forecast earnings of $2.30 per share on $8.9 billion in revenue for the fourth quarter. The company posted adjusted earnings of 69 cents per share on revenue of $13.32 billion. Caterpillar reported adjusted earnings of $5.23 per share on revenue of $17.07 billion.

Persons: Goldman Sachs, McDonald's, Eli Lilly, Jim Umpleby, Estée Lauder —, Dali Rajic, —, Macheel, Jesse Pound, Hakyung Kim, Alex Harring, Michelle Fox, Sarah Min, Darla Mercado Organizations: Nvidia, Novo Nordisk —, Novo Holdings, Novo Nordisk, Management, U.S . Food, Boeing —, Boeing, Tyson, Caterpillar, Air Products, Chemicals, Reuters Locations: Novo, U.S

☆ Wealth manager for the super-rich names 3 stocks to buy right now
▼ + stars: | 2024-02-05 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +5 min

For Kevin Teng, CEO of Wrise Wealth Management Singapore, which serves ultra-high-net-worth individuals across Asia, the Middle East and Europe, three top stocks stand out as good plays right now. Of 52 analysts covering the stock, 48 give it a buy or overweight rating at an average price of $460.37, according to FactSet data. Barrick Gold Beyond tech and energy, Teng is also bullish on gold, naming Canadian miner Barrick Gold among his top picks. Spot gold prices are up around 7.5% over the last 12 months. Shares in Barrick Gold are down over 15% over the last 12 months.

Persons: Kevin Teng, Teng, Morgan Stanley, — CNBC's Jordan Novet, Fred Imbert Organizations: Big Tech, U.S . Federal, Wrise Wealth Management Singapore, Microsoft, Google, Apple, Nvidia, Tesla, CRM, CNBC Pro, ExxonMobil, Natural Resources, Exxon, Barrick, Barrick Gold Locations: Asia, East, Europe, West Texas, New Mexico, Guyana, Zambia, Pakistan

☆ The market is seeing red. But here's why a few of our portfolio stocks are standing out
▼ + stars: | 2024-02-05 | by ( Jeff Marks | ) www.cnbc.com time to read: +5 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable update of the trading day, just in time for the last hour on Wall Street. "Microsoft is the one to buy first on weakness due to the quality of last week's quarter and outlook," Jim Cramer said Monday. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, Jerome Powell's, Estee Lauder, Jim, Cramer, Eli Lilly, Lilly, Linde, Jim Cramer's, Brendan McDermid Organizations: CNBC, Federal, Nvidia, Apple, Microsoft, Sector, Technology, Semiconductor, Novo Nordisk, Air Products, Chemicals, Products, Linde, ., Vertex Pharmaceuticals, Simon Property Group, NXP Semiconductors, Club, GE Healthcare, DuPont, Carrier Global, Jacobs Solutions, Ford, Jim Cramer's Charitable, Traders, New York Stock Exchange Locations: We're, Novo, China, New York City, U.S

☆ Stocks making the biggest moves after hours: Palantir Technologies, NXP Semiconductors, Chegg and more
▼ + stars: | 2024-02-05 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Palantir Technologies — Shares jumped 17% after Palantir posted a revenue beat in the fourth quarter. The company posted adjusted earnings of 8 cents per share, which was in line with analysts' expectations. NXP announced adjusted earnings of $3.71 per share, which was 8 cents above estimates from analysts polled by LSEG. The company reported adjusted earnings of $4.20 per share, topping analysts' estimates of $4.10 in earnings per share, per LSEG. In the first fiscal quarter, the company posted adjusted earnings of $1.05 per share, higher than consensus estimates of 95 cents per share, according to FactSet.

Persons: Palantir, Alex Karp, NXP, Cabot —, Cabot Organizations: Revenue, Semiconductors, LSEG, Vertex, Simon Property Locations: FactSet

☆ A couple started out with about $45 between them. Over their 23 years together, they've paid off $350,000 of debt.
▼ + stars: | 2024-02-05 | by ( Janet Manley | ) www.businessinsider.com time to read: +6 min

"We had about $45," Joe Coleman said. As a couple, they've taken on debt for a townhome, two houses, two boats, a tractor, three cars, and Mina Coleman's nursing degree. "We used the showers that they use in case of emergencies if somebody spilled chemicals in their eyes," Mina Coleman said. "You meet people that have more money than they know what to do with," Joe Coleman said. Advertisement"If we go down, we go down together," Mina Coleman said.

Persons: —, Joe, Mina Coleman, Joe Coleman, Mina Coleman's, they've, Jared Soares, they're, optimistically Jared Soares, She's, they'll Organizations: Service, Business, Bulgaria —, BI Locations: Montauk , New York, Bulgaria, Fairfax County , Virginia, Washington, Coast, Caribbean, Pacific, Bulgarian

“It breathed new life into Trump.”RISKY BETS THAT PAID OFFFrom the start, Trump president acted like the front-runner, declining invitations to multicandidate events and refusing to debate. “You've got to give credit to the Trump campaign,” said Saltsman, who chaired the 2024 campaign of Mike Pence, who was Trump's vice president. Beyond the endorsements, Trump's team also worked closely with state parties as they set delegate allocation rules, encouraging winner-take-all contests and other changes that would ultimately benefit a front-runner. THE LOYALTY FACTORAs the first nominating contests neared, Trump's team worked to harness the dedication of his loyal supporters. Trump’s team rewarded its volunteers with perks such as VIP tickets to his rallies and gold-embroidered hats.

Persons: Donald Trump, Trump, Nikki Haley, Democrat Joe Biden, Chip Saltsman, ”, Chris LaCivita, Biden, Ralph Reed, “, Reed, Trump's, Joe Biden, Jason Miller, Michael Telesca, you’ve, ” LaCivita, Ron DeSantis, winnable, DeSantis, Trump’s, DeSanctimonious, Taylor Budowich, MAGA, “ MAGA, ” Budowich, “ DeSantis, Gary Leffler, Leffler, Kevin McCarthy, Liz Cheney, McCarthy, Mike DuHaime, Chris Christie, “ You've, Saltsman, Mike Pence, " Miller, Brian Jack, Haley, Marc Short, ‘, LaCivita, John Goodrich, Goodrich, Hannah Fingerhut Organizations: White, U.S . Capitol, Trump, Republican, Nevada’s Republican, GOP, Democrat, Biden didn't, & Freedom Coalition, Trump's, Democratic, Biden’s Justice, Republican Party, Inc, Security, PAC, CNN, “ MAGA Inc’s, U.S . House, Mar, Former U.S . Rep, New, New Jersey Gov, Biden, South, Associated Press Locations: NASHUA, N.H, Washington, Iowa, New Hampshire, New York, East Palestine , Ohio, East Palestine, Lago, Florida, U.S, Georgia, Hickory , North Carolina, West Des Moines , Iowa, New Jersey, Europe, South Carolina, Des Moines, Des Moines , Iowa

☆ 8 more of our stocks report earnings next week. Here's what we want to see
▼ + stars: | 2024-02-03 | by ( Zev Fima | ) www.cnbc.com time to read: +13 min

The three major averages posted gains for the fourth week in row, lifted by strong quarterly earnings results for most of the Big Tech companies and a strong jobs report. A weaker ADP Employment report on Wednesday provided no read-through to the monster January jobs report Friday. Here's what we're keeping an eye on in the coming week: 1. Earnings: It's another big earnings week head for the portfolio, with 8 more of our companies reporting. Consistency is what we appreciate most from nat gas giant Linde , so we're hoping for another quarter of solid earnings growth Tuesday.

Persons: Estee Lauder, Eli Lilly, Mounjaro, Nelson Peltz, Estée Lauder, Tyson, CARR, Jacobs, Willis Towers Watson, Edwards, Walt Disney, Oscar Health, Philip Morris, Armour, BAX, BILL, Jim Cramer's, Jim Cramer, Jim, George Frey Organizations: Big Tech, Dow Jones Industrial, Nasdaq, PMI, Apple, Starbucks, Procter, Gamble, GE Healthcare, DuPont, Linde, Ford, General Motors, Trian Partners, Disney, ESPN, Wynn Resorts, Wynn, Vegas, Prix, Estée Lauder Companies, Caterpillar, McDonalds Corp, Allegiant Travel, Bowlero Corp, Tyson Foods, TSN, Air Products & Chemicals, IDEXX Laboratories, CNA Financial Corp, CNA, Timken Company, Graham Corporation, Mesa Laboratories, Sphere Entertainment, Loews Corp, Technologies, Vertex Pharmaceuticals, Semiconductors, Simon Property Group, Amkor Technology, FMC Corporation, FMC, BellRing Brands, Crown Holdings, ChampionX Corporation, Golub Capital BDC, Flexsteel Industries, Kilroy Realty Corp, Gladstone Capital Corp, Unibanco, S.A, Snack Foods Corp, Kimball Electronics, Skyline Corp, Cabot Corporation, Simpson Manufacturing Co, Varonis Systems, Co, GE HealthCare, Linde plc, LIN, Spotify Technology S.A, BP, Hertz Global Holdings, AeroSystems Holdings, Toyota Motor Corp, Cummins, CMI, Software Technologies, AGCO Corporation, Carrier Global Corporation, Lear Corp, CONSOL Energy, Centene Corporation, Gartner, Arcbest Corp, CTS Corporation, Energizer Holdings, Hamilton Lane Incorporated, KKR, Precision Drilling Corporation, Frontier Group Holdings, Waters Corp, Alfa Laval, Aramark Holdings Corp, FirstService Corporation, Garden Sports Corp, New Jersey Resources Corp, nVent Electric plc, PJT Partners, Resources, Sensata Technologies, Ford Motor Company, Enphase Energy, Grill, VF Corp, Edwards Lifesciences Corp, Gilead Sciences, Lumen Technologies, Cognizant Technology Solutions Corp, Weatherford International plc, Amcor plc, Arrowhead Pharmaceuticals, Advanced Energy Industries, Uber Technologies, CVS Health, Roblox Corporation, Ares Capital Corp, Bunge, XPO Logistics, Scotts Miracle, Gro Company, Berry Global, Flex LNG, Equinor ASA, Griffon Corporation, OneMain Holdings, Brookfield Asset Management, Emerson Electric Co, Hilton Worldwide Holdings, Reynolds Consumer Products, Silicon Laboratories, Brands, Sciences, CDW Corp, Fox Corporation, WYNN, PayPal, Arm Holdings plc, ARM, Axcelis Technologies, Mattel, Paycom, Annaly Capital Management, McKesson Corp, Health Corporation, O'Reilly Automotive, Allstate Corp, Fluence Energy, Power Systems, Digital Turbine, Blue Bird Corp, Everest Group, Omega HealthCare, Coty, COTY, ConocoPhillips, Cameco Corp, Philip Morris International, Spirit Airlines, Hershey Company, Lightspeed Commerce, Aurora Cannabis, Lincoln National Corp, P, Tenet Healthcare Corp, Asbury Automotive Group, Arrow Electronics, Baxter International, PetMed, Boyd Gaming Corp, FirstEnergy Corp, Motorola Solutions, Terex Corp, PepsiCo, Growth, AMC Networks, Owl, American Pipeline, TELUS International, Magna International, Newell Brands, Jim Cramer's Charitable, CNBC, Bloomberg, Getty Locations: U.S, China, Macau, Wynn Macau, Valvoline, VVV, ALFVY, Madison, New Jersey, Gilead, Ceridian, ORLY, Paycor, Aurora, Provo , Utah

☆ India set to clock up to 8% GDP growth as it boosts manufacturing capacity, minister says
▼ + stars: | 2024-02-02 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +4 min

Workers assemble mobile phones at a Dixon Technologies factory in Noida, India, on Jan. 28, 2021. Bloomberg | Bloomberg | Getty ImagesIndia could clock up to 8% annual GDP growth for several years as it focuses on boosting its manufacturing capabilities, a key government minister told CNBC on Thursday. watch nowHe spoke extensively about the country's mobile manufacturing ecosystem, claiming that 99% of the phones used in India were made within the country. The country exported $11 billion mobile phones last year, and they are likely to rise to between $13 billion and $15 billion in 2024, Vaishnaw said. Apple 's presence in India has grown exponentially since it first started manufacturing in the country in 2017.

Persons: Vaishnaw, Narendra Modi's, Nirmala Sitharaman, CNBC's, Apple, OnePoll, Joe Biden, India's Modi, Narendra Modi, Modi, Mandel Ngan Organizations: Dixon Technologies, Bloomberg, Getty, CNBC, Union, Railways, Communications, Electronics, Technology, CNBC's Sri, Deloitte, India, Apple, Samsung, Micron, U.S, India's, White, Afp Locations: Noida, India, Delhi, Mumbai, Chennai, China, Washington ,

☆ Jim Cramer considers buying this chemical stock on weakness ahead of earnings
▼ + stars: | 2024-02-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer releases the Homestretch audio feature in time for the last hour of trading on Wall Street. Tale of two tech winners: Meta is on the verge of having the largest gain in the history of the stock market. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

Persons: Jim Cramer, it's, Jim, Linde, Stanley Black, Decker, Estee Lauder, Jim Cramer's Organizations: CNBC, Nvidia, Apple, Charitable Trust, Meta, Walgreens, Costco, Abbott Labs, Constellation Brands, Jim Cramer's Charitable Locations: Meta

☆ Oil giant Shell posts full-year profit beat, announces $3.5 billion share buyback
▼ + stars: | 2024-02-01 | by ( Sam Meredith | ) www.cnbc.com time to read: +2 min

British oil giant Shell on Thursday beat expectations for full-year profit, announcing a 4% increase to its dividend and a $3.5 billion share buyback program. Shell reported adjusted earnings of $28.25 billion for the full-year 2023, a 29% drop compared to its highest-ever annual profit of $39.9 billion the year prior. Analysts had expected Shell's full-year 2023 net profit to come in at $27.5 billion, according to an LSEG-compiled consensus. Shell announced a 4% increase in dividend per share for the fourth quarter and said a share buyback program of $3.5 billion will be carried out over the next three months. The firm added it had now completed another $3.5 billion of share buybacks announced in November last year.

Persons: Shell, Wael Sawan, Sawan, Brent Organizations: Shell, Brent, U.S, West Texas Intermediate, Exxon Mobil, Chevron, BP Locations: Nakuru, Kenya, British, London, Singapore

☆ Some tianeptine products recalled as CDC links drug to ‘cluster of severe illness’
▼ + stars: | 2024-02-01 | by ( Amanda Musa | ) edition.cnn.com time to read: +4 min

Neptune Resources, which makes some tianeptine products, has issued a nationwide recall, according to an announcement posted this week. Products that contain tianeptine are sold under several brand names, including Pegasus and Zaza, the CDC says. The FDA has issued a warning urging consumers not to purchase or use tianeptine products due to serious risks including seizures, loss of consciousness and death. In recent years, at least two deaths related to tianeptine products marketed as dietary supplements have been reported to the FDA, data shows. Nine people said they had used tianeptine previously; six ingested tianeptine along with other substances, including alprazolam, kratom, tramadol, trazodone and gabapentin.

Persons: ”, Zaza, Dr, Sanjay Gupta Organizations: CNN, Centers for Disease Control, Neptune Resources, Resources, Food and Drug Administration, FDA, Pegasus, CDC, Neptune, Jersey Poison Control, CNN Health Locations: Neptune, Europe, Asia, Latin America, United States, Jersey

☆ You may be eating predigested food. Here’s why
▼ + stars: | 2024-02-01 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +11 min

Aleksandr Zubkov/Moment RF/Getty ImagesBypassing the digestive systemMuch like the regurgitated food mother birds feed their babies in the nest, ultraprocessed food is quick and easy to digest, according to experts. “So the question is, which degree of processing remains compatible with human food system sustainability and global health? Some food processing may be goodHumans have processed food for centuries — the first evidence of fermentation was some 13,000 years ago. Alexander Donin/iStockphoto/Getty ImagesThe ingredients used in many ultraprocessed foods, however, have been subjected to much more than a bit of heat. “The other way I put it is that individuals who are trying to control their weight in today’s food environment are fighting an entire food system on their own.

Persons: starchy, “, ”, Chris van Tulleken, van Tulleken, Aleksandr Zubkov, that’s, didn’t, David Katz, ” Katz, we’ve, ’ you’ve, it’s, Kevin Hall, Hall, ” Hall, Giulia Menichetti, Menichetti, Anthony Fardet, Fardet, ” Fardet, Alexander Donin, Marion Nestle, Paulette Goddard, ” Nestle Organizations: CNN, Industry, University College London, BBC, Getty, True Health Initiative, National Institute of Diabetes, Diseases, Harvard Medical School, Brigham, Women’s Hospital, Network Science Institute, Northeastern University, French National Institute for Agricultural Research, New York University Locations: Europe, United States, Bethesda , Maryland, Boston, Paris

Because anti-smoking groups aren’t just fighting the tobacco companies these days. They have fractured over tobacco harm reduction — the idea that people who cannot or will not quit smoking should be provided with alternatives, notably e-cigarettes, which deliver nicotine without burning tobacco. They argue that e-cigarettes will lead to a new generation addicted to nicotine, even if they are not smoking. It focuses largely, but not entirely, on reduced-risk nicotine products, a category that includes e-cigarettes, oral tobacco, and “heat not burn” products that warm up tobacco without burning it. There are no safe tobacco products; all fall along what’s called a continuum of risk.

Persons: Cliff Douglas, Philip Morris, Douglas, “, ” Douglas, Bloomberg Philanthropies, American Heart Association —, Michael Bloomberg, that’s, General’s, ”, Charles Gardner, Joanna Cohen, Ellen MacKenzie, Yolonda Richardson, Deborah Arnott, “ I’m, Michael Cummings, they’ve, Marc Gunther Organizations: Foundation, Philip, Philip Morris International, American Cancer Society, American Lung Association, Centers for Disease Control, Bloomberg, Tobacco, American Heart Association, Truth Initiative, Rockefeller, UBS Optimus, Bloomberg School of Public Health, Johns Hopkins University, Campaign, Reuters, FDA, Centers for Disease, Medical University of South, Associated Press, Philanthropy, AP Locations: United States, – California , Massachusetts , New Jersey , New York, Rhode, San Francisco, —, British, Medical University of South Carolina, vaping

☆ Beautycounter’s founder sold the $1 billion business and lost her job—now she’s back as CEO: 'Failure is not an option'
▼ + stars: | 2024-01-31 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +4 min

Gregg Renfrew built a billion-dollar brand, only to end up on the outside looking in after investors brought in a replacement CEO. Renfrew, 55, founded clean beauty brand Beautycounter in 2011 with the mission of disrupting the cosmetics industry by only selling products made without "questionable or harmful chemicals." Along the way, Renfrew and Beautycounter raised more than $93 million from investors, according to Crunchbase. Renfrew: It was really, really difficult. I sold the business right before the world opened up with Covid and so much was changing and swirling around.

Persons: Gregg Renfrew, Beautycounter, Carlyle, Renfrew, Marc Rey, Martha Stewart, Rey, burnishing, Renfrew's, Carlyle Roberto Marques, it's, It's, you've Organizations: CNBC, Ulta, Carlyle Group Locations: Renfrew, New York, Denver, U.S, Washington

☆ Trump vs. Biden: Goldman Sachs names the global stocks to play the U.S. elections
▼ + stars: | 2024-01-31 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

As the U.S. presidential election comes into the spotlight, Goldman Sachs has assessed the potential impact on global markets by changes in regulation, taxation, and other government policies. However, it sees U.S. subsidiaries of foreign companies potentially gaining if Trump delivers on a cut to corporation taxes. On average, European companies generate 25% of sales in the U.S., but most come from U.S.-based businesses rather than exports from the EU, according to Goldman Sachs. As these companies run substantial U.S. operations and assets, Goldman also sees them as benefiting from potential U.S. corporate tax cuts under Trump. However, they flagged that Biden has mentioned increasing the rate of corporate tax, "which would have an impact on US-exposed companies."

Persons: Goldman Sachs, Donald Trump, Trump, DAX, Sharon Bell, Joe Biden, Goldman, Biden, Michael Bloom Organizations: U.S, Ukraine, Trump, Eurostat, Stocks, Intercontinental Hotels Group, Boeing, Aero, BAE Systems, Kerry Group, Goldman, Republican Locations: United States, U.S, Europe

☆ More cancers linked to tainted water at Camp Lejeune, sweeping new study finds
▼ + stars: | 2024-01-31 | by ( Brenda Goodman | ) edition.cnn.com time to read: +9 min

Drinking water at Camp Lejeune was heavily contaminated with a number of cancer-causing industrial chemicals, including trichloroethylene or TCE, vinyl chloride and benzene, from 1953 to 1985. “I’m well aware that there are many legal issues surrounding Camp Lejeune. Courtesy Michael PartainPartain and a veteran, Jerry Ensminger, 71, have spent years working to get the government to recognize and compensate sick veterans who served at Camp Lejeune. A link between male breast cancer and the chemical contamination at Camp Lejeune has been suspected for years. “This is yet more evidence that the water at Camp Lejeune affected our health,” Partain said.

Persons: Camp Lejeune, they’ve, “, ”, Michael Partain, Aaron Bernstein, ATSDR, ” Bernstein, ” Partain, ” Michael Partain, Jerry Ensminger, Michael Partain Partain, Ensminger’s, Janey, Partain, ’, aren’t, Lejeune, Dr, Sanjay Gupta, Bernstein Organizations: CNN — Military, Lejeune, Marines, Navy, US Centers for Disease Control, Research, Camp Lejeune, Agency, Toxic Substances, CDC, Department of Justice, US Department of Veterans Affairs, Camp Pendleton, CNN, CNN Health, Camp Locations: North Carolina, California, Camp, Camp Lejeune, Camp Pendleton, United States

☆ Brazil Authorities Crack Down on Illegal Pesticides Trade
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +2 min

The parallel trade in pesticides, which would represent about 20% of the entire Brazilian market, according to a lobby group, highlights supply chain risks faced by global grain traders in farm powerhouse Brazil. Increasingly, criminals are using structures involving front companies that arrange false invoices, produce fake labels, smuggle and move the illegal products. For example, authorities tested batches of seized insecticide Thiamethoxam that showed a 95% concentration of the active ingredient, whereas the highest concentration allowed in Brazil is 50%, the PRF said. Last year, the industry welcomed a new law setting harsher penalties for those producing, storing or shipping illegal pesticides in Brazil. The new law was signed as seizures of illegal pesticides rose threefold in eight years, to 195.7 tons in 2023, according to PRF data.

Persons: Ana Mano, Criminals, Brazil's, Aurora Ellis Organizations: Ana Mano SAO PAULO, Reuters, Basf, Bayer Locations: Brazil, China, India

Search resuls for: "Chemicals"

25 mentions found