DIRS.INFO The most relevant business & tech news

☆ 3M raises full-year profit forecast aided by cost cuts, price hikes
▼ + stars: | 2023-10-24 | by ( Kannaki Deka | ) www.reuters.com time to read: +2 min

3M hiked prices to offset high raw material and labor costs, and undertook a workforce reduction amid waning demand for consumer electronics. And if needed, we'll continue doing that," 3M Chief Financial Officer Monish Patolawala said on a call with analysts. The company's cost-cutting push helped it beat estimates but 3M is still faced with weak demand for consumer electronics, especially in China and Europe. 3M now expects full-year adjusted earnings per share to be in the range of $8.95 to $9.15 per share, versus prior forecast of $8.60 to $9.10. The company's adjusted profit for the third quarter came in at $2.68 per share, above analysts' estimates of $2.34.

Persons: Brendan McDermid, we'll, Monish Patolawala, Morgan, Kannaki, Maju Samuel Organizations: New York Stock Exchange, REUTERS, U.S, Barclays, 3M, Thomson Locations: New York City, U.S, China, Europe, J.P, Bengaluru

☆ Industry could save $437 bln a year via energy efficiency efforts
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, Oct 24 (Reuters) - Global industry could save around $437 billion a year from 2030 via energy efficiency savings and could also achieve big reductions in carbon emissions, a study showed. Companies could undertake regular energy audits, review the ideal size of industrial assets, connect sites and machines to reap energy synergies and use more efficient engines, the report said. "Since renewables can only provide a part of the answer, the critical role energy efficiency plays in accelerating the energy transition toward reaching net-zero emissions by 2050 is undeniable." Last week, the U.S. Energy Information Administration (EIA) said global energy consumption will likely increase through 2050 and outpace advances in energy efficiency, boosted by population growth and higher living standards, among other factors. Non-fossil fuel-based resources, including renewables, will produce more energy through 2050, but that growth is not likely to be enough to reduce global energy-related CO2 emissions, it said.

Persons: Tarak Mehta, Christoph Steitz, Jane Merriman Organizations: Energy Efficiency Movement, ABB, Germany's DHL, Sweden's Alfa Laval, Microsoft, Reuters, Companies, U.S . Energy Information Administration, Thomson Locations: FRANKFURT

(AP) — The U.S. Environmental Protection Agency on Monday proposed banning the cancer-causing chemical trichloroethylene, which can be found in consumer products including automobile brake cleaners, furniture care and arts and crafts spray coating. “Today, EPA is taking a major step to protect people from exposure to this cancer-causing chemical.”Massachusetts Sen. Edward Markey, who has led the effort to ban TCE, welcomed the move. Political Cartoons View All 1215 Images“With this rule, we can see a future where we will no longer be manufacturing, processing and distributing a chemical known to be deadly,” Markey said. The chemical presents an “unreasonable risk of injury to health or the environment” in 52 of 54 uses in industrial and consumer products, the EPA has found. The 2016 law required the EPA to evaluate chemicals and put in place protections against unreasonable risks.

Persons: TCE, Michal Freedhoff, Massachusetts Sen, Edward Markey, ” Markey, “, Anne Anderson, Jimmy, Anne, ” Anderson, Frank, Matthew Daly Organizations: Environmental Protection Agency, of Chemical Safety, “, EPA, Woburn, Andersons, Chemical, Press Locations: WOBURN, Mass, U.S, United States, Massachusetts, Woburn ., America, Woburn, Washington

☆ Are vampires real? Scientists have linked diseases and decomposition to all the historical tropes of Nosferatu
▼ + stars: | 2023-10-21 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +11 min

Vampires were very real to people in the past, but there are many ways science can explain their characteristics, whether they come from folklore or fiction. But many modern notions of vampires started with the 1700s media frenzy and continued with "Dracula" and other tales. "It's not like a vampire disease where people are wandering the earth for years and years getting to look more and more like vampires," he said. AdvertisementAdvertisementWhile sunlight sapped the count's powers, it was not until the 1922 film "Nosferatu" that the sun's rays killed vampires. As scientists began to learn and understand more about the body and death, stories about vampires started to evolve.

Persons: —, Varney, Michael Hefferon, They're, Hefferon, Michael Bell, Bram Stoker, Dracula, Stoker, Vlad the, Abraham Van Helsing, Vlad III, Vlad, Bram Stoker's, Emily Gerard, Marion McGarry, Charlotte, Charlotte Stoker's, McGarry, sickles, Mercy Bell, she'd, bloating, John Polidori, debonair Lord Ruthven, Lord Byron, Ruthven Organizations: Service, Getty, Dermatology Locations: Serbia, Vienna, Berlin, Paris, London, Romania, Serbian, Austria, Poland, Exeter , Rhode Island

☆ Analysts' comments on China's export permits for some graphite products
▼ + stars: | 2023-10-20 | by ( ) www.reuters.com time to read: +3 min

Here is what analysts are saying about the measure:IVAN LAM, SENIOR ANALYST, COUNTERPOINT RESEARCH:"In addition to China, other countries and regions also implement graphite export controls. Graphite has a wide range of applications in industry, and the demand for its use is growing. KANG DONG-JIN, ANALYST AT HYUNDAI SECURITIES IN SEOUL:"It's not that China would suddenly stop export graphite, but it would be more intensely regulated and reviewed. It is still unclear how far China would take this graphite export curb, which would determine the supply chains. "With this new graphite export curb, South Korean firms - or South Korea in general, which heavily rely on China for graphite imports, would need to seek alternatives, such as mines from the United States or Australia, but it would likely increase cost burden for many."

Persons: Aly, IVAN LAM, CHRISTOPHER RICHTER, you've, KANG DONG, JIN, Brenda Goh, Daniel Leussink, Heekyong Yang, Miyoung Kim, Nivedita Organizations: REUTERS, Rights, EU, Thomson Locations: Port, Shanghai, China, Rights SINGAPORE, Russia, Ukraine, TOKYO, SEOUL, South Korea, United States, Australia, Tokyo, Seoul

Ricardo Pires, a spokesman for UNICEF, says his organization urgently needs access to Gaza to facilitate the movement of supplies and relief workers. In response, Israel sealed border crossings with Gaza as it began targeting Hamas positions. Pires says UNICEF currently has amassed supplies in Egypt that are ready for delivery into Gaza once the Rafah crossing – the sole border crossing with Egypt – reopens. Biden told reporters the U.S. plans to coordinate with the Egyptian government to repair the roads into Gaza. “Water supplies are reaching a life-threatening low across Gaza amidst the sustained blockade,” Slater says.

Persons: Biden, Ricardo Pires, ”, Joe Biden, –, Pires, Egypt –, ” Pires, “ They’re, Meredith Slater, ” Slater, Slater, Elis Organizations: UNICEF, West Bank, The New York Times, Palestinian Ministry of Health, ”, ActionAid USA, ActionAid International, Jewish Federations of America Locations: Gaza, Israel, U.S, Egypt, Rafah

☆ These 6 global stocks are nearing the dreaded 'death cross' chart pattern
▼ + stars: | 2023-10-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Bearish signals, indicating potential selling pressure in the near future, have gripped a handful of global stocks that look close to forming what's known as a "death cross" chart pattern. A death cross is a price chart pattern that forms when a stock's 50-day moving average crosses below its 200-day moving average. The death cross is also used as a bear market predictor. Analysts are also generally bullish, with 11 out of 14 rating the stock as a buy. The median price target of all analysts compiled by FactSet points to a 47.5% upside for the stock.

Persons: Mitsumi, Thierry Pieton, FactSet Organizations: CNBC Pro, Magna International, Renault, Magna, U.S, RBC Capital, RBC, Scotiabank Locations: Belgian, French

☆ Eli Lilly sues online pharmacies to ban US imports of fake Mounjaro
▼ + stars: | 2023-10-19 | by ( Patrick Wingrove | Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | ) www.reuters.com time to read: +2 min

Eli Lilly logo is shown on one of the company's offices in San Diego, California, U.S., September 17, 2020. Lilly is accusing the online pharmacies of infringing its trademark for Mounjaro, falsely associating themselves with Lilly and approved tirzepatide, and making false or misleading statements in their advertisements related to tirzepatide. “The unapproved drug products are dangerous research chemicals that are not approved for human consumption and have no connection to Eli Lilly or Mounjaro,” Lilly said in its lawsuit. Lilly is the only company with U.S. Food and Drug Administration approval to sell tirzepatide products. The suit comes exactly one month after Eli Lilly sued 10 U.S. medical spas, wellness centers and compounding pharmacies at federal courts in Arizona, Florida, Georgia, Minnesota, South Carolina and Utah for selling products claiming to contain tirzepatide.

Persons: Eli Lilly, Mike Blake, drugmaker, Britain’s Biolabshop, Audrey Beauty, Lilly, Mounjaro, ” Lilly, Patrick Wingrove, Bill Berkrot Organizations: REUTERS, U.S . International Trade Commission, Labs, Mew Mews Company, ITC, Federal Register, U.S . Food, Drug Administration, FDA, Thomson Locations: San Diego , California, U.S, Indianapolis, Poland, Arizona , Florida, Georgia, Minnesota, South Carolina, Utah, Nordisk’s

☆ This faux-leather jacket is made by bacteria
▼ + stars: | 2023-10-19 | by ( Jacopo Prisco | ) edition.cnn.com time to read: +7 min

“A yellow leather jacket” might not be your first answer, but it’s exactly what came out of a collaboration between Danish fashion brand Ganni and Mexican biomaterials company Polybion. “We were impressed by the fact that a lot of people love the jacket because the material did not resemble leather,” said Alexis Gómez-Ortigoza, Polybion’s co-founder. “We isolated our first bacteria from that drink.”Kombucha is an increasingly popular fermented tea drink, and the bacterial biomass used to make the jacket, called Celium, comes from that jar. “We feed the bacteria with fruit waste, which is extremely abundant here in central Mexico,” said Gómez-Ortigoza. Although it shares some similarities with leather, Celium is an organic material that's meant to have its own look and feel.

Persons: ”, Alexis Gómez, Polybion’s, “, Axel, Bárbara González, Gómez, Polybion, Ortigoza, Lauren Bartley, Ganni, Michelle Obama, Bartley, Kate Goldsworthy, who’s, Kate Fletcher Organizations: CNN, Ganni’s Sustainability, University of the Arts London, Royal Danish Academy, Copenhagen, Oslo Metropolitan University Locations: Mexican, Mexico, Celium, France, Norway

☆ Merck KGaA raises prospect of return to sales growth next year
▼ + stars: | 2023-10-19 | by ( Ludwig Burger | ) www.reuters.com time to read: +3 min

A logo of drugs and chemicals group Merck KGaA is pictured in Darmstadt, Germany January 28, 2016. The market for semiconductor materials sold by the company's Electronics division, should "recover incrementally in 2024", Merck added. The company reaffirmed that sales would be broadly flat this year, at between 20.5 billion euros ($21.6 billion) and 21.9 billion euros, compared with 22.2 billion last year. The outlook for adjusted core earnings of 5.8 billion to 6.4 billion euros this year, down from 6.85 billion in 2022, was also confirmed. Higher interest rates have dampened investor appetite for risky biotech drug ventures, compounding a decline in coronavirus-related activities.

Persons: Ralph Orlowski, Belen Garijo, Morgan, Merck, JP Morgan, Garijo, Ludwig Burger, Rachel More, Elaine Hardcastle Organizations: Merck, REUTERS, company's Electronics, Lonza, Reuters, Thomson Locations: Darmstadt, Germany, FRANKFURT, coronavirus, Swiss

☆ Common contaminants linked to accelerated weight gain in children
▼ + stars: | 2023-10-19 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

The research network aims to examine the lifetime impact of exposure in the womb to chemical contaminants in air, water and food. Both DDT and HCB contamination in people occurs “mainly through bioaccumulation in the food chain via fish, fish products, meat (and) dairy products,” Montazeri said. The July 2022 report also found PFAS exposure was sufficiently associated with decreased infant and fetal growth as well as decreased antibody response to vaccines in both adults and children. Pregnant people can take steps to reduce their exposure to various chemicals in commercial products, food and water. “Phthalates and phenols come from plastics and personal care products,” Montazeri said.

Persons: ”, Parisa Montazeri, “, Montazeri, Leonardo Trasande, HCB, ” Montazeri, Trasande Organizations: CNN, Barcelona Institute, Global Health, BMI, NYU Langone Health, Environmental, US Centers for Disease Control, CDC, US Environmental Protection Agency, National Academies of Sciences, Engineering, Medicine, Getty, NYU’s Grossman School of Medicine, National Sanitation Foundation Locations: Spain, United States, PFAS

PORTLAND, Ore. (AP) — Federal regulators have approved the expansion of a natural gas pipeline in the Pacific Northwest over the protest of environmental groups and top officials in West Coast states. The Federal Energy Regulatory Commission gave it the green light in a vote on Thursday. The pipeline belongs to TC Energy of Calgary, Canada — the same company behind the now-abandoned Keystone XL crude oil pipeline. The agency’s final environmental assessment revised that number downward by roughly half in calculations contested by environmental groups. In a joint letter to the federal agency the day before its vote, Democratic U.S.

Persons: Senators Ron Wyden, Jeff Merkley, Patty Murray, Maria Cantwell, Washington, ”, Audrey Leonard, Leonard, fracking Organizations: —, Federal Energy Regulatory Commission, TC Energy, Keystone, Federal Energy Regulatory, Democratic U.S, Senators, Columbia Locations: PORTLAND, Pacific Northwest, West Coast, Idaho , Washington and Oregon, Calgary, Canada, Kootenai County , Idaho, Walla Walla County , Washington, Sherman County , Oregon, Idaho, Washington, Oregon, California, Washington , Oregon, California , Oregon

☆ EPA orders Norfolk Southern to perform additional cleanup following Ohio derailment
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

The EPA said it also ordered Norfolk Southern to conduct additional investigations into oily sheen, or film, on water and sediments in two creeks in East Palestine. "Through this order, Norfolk Southern will take a thorough look at the waterways to ensure there are no lasting impacts from the derailment," EPA Regional Administrator Debra Shore said. Norfolk Southern said the order "formalizes the continuation of work that has been ongoing since the derailment under a different regulatory scheme. Norfolk Southern remains cooperative, working with EPA and Ohio EPA at the site, and will continue to address derailment-related impacts in the waterways of Sulphur and Leslie Runs." In February, EPA issued a Superfund unilateral administrative order, compelling Norfolk Southern to eliminate spilled materials and contaminated soil from the location of train derailment.

Persons: Alan Freed, Leslie, Debra Shore, Leslie Runs, Sherin Elizabeth Varghese, Rahul Paswan, Leslie Adler Organizations: REUTERS, Environmental Protection Agency, Norfolk Southern Corp, EPA, Norfolk, Norfolk Southern, Ohio EPA, Thomson Locations: East Palestine , Ohio, U.S, Norfolk Southern, East Palestine, Ohio, Pennsylvania, Sulphur, Norfolk, Bengaluru

As climate change intensifies extreme heat, farms are becoming less hospitable to nesting birds, a new study found. Political Cartoons View All 1211 ImagesThe study concluded that species of higher conservation concern in the U.S. — those closer to being listed as federally threatened or endangered — were more vulnerable to extreme heat events in agricultural settings. But across the board, birds in forests were 14% more likely to achieve reproductive success in times of extreme heat. However, Rosenberg cautioned that more data might be needed to confirm that species of higher conservation concern were more vulnerable, since the overwhelming majority of the data involved species of low conservation concern. The researchers predicted how different bird species might fare in each landscape during extreme heat events.

Persons: ”, Katherine Lauck, Davis, Ken Rosenberg, Rosenberg, David Bird, Bird, “, Lauck, ___ Read, Melina Walling Organizations: University of California, Bird, Cornell, of Ornithology, McGill University, AP Locations: U.S, NestWatch, ___

ATLANTA (AP) — The U.S. Food and Drug Administration is considering a ban on certain hair-straightening chemicals that have been used by Black women for years and that research shows may increase the risk of uterine cancer. But Black hair stylists say such products — specifically the ones being looked at by the FDA, which contain formaldehyde and formaldehyde-releasing chemicals — have fallen out of favor, especially among younger generations. The possible rule would apply to both salon-grade and at-home products, FDA spokesperson Courtney Rhodes said. Pressley said in an Oct. 6 statement that the FDA's possible action is “a win for public health — especially the health of Black women." The risks for Black women could shift with better regulation of chemical hair straighteners, said Dr. Kimberly Bertrand, an author of the Boston University study.

Persons: “, ”, Kayleigh Butler, Courtney Rhodes, Jasmine Garcia, Jasmine Nicole Xclusives, —, Ayanna Pressley, Shontel Brown, Pressley, Kimberly Bertrand, Dr, Yolanda Lenzy, cosmetologist, there's, who’ve, Lenzy, Robert Wood Johnson Organizations: ATLANTA, U.S . Food, Drug Administration, FDA, Associated Press, Reps, Ayanna Pressley of Massachusetts, National Institutes of Health, Boston University, Environmental Research, U.S . Centers for Disease Control, Associated Press Health, Science Department, Robert Wood Johnson Foundation, AP Locations: U.S, Atlanta, Ayanna Pressley of, Ohio

But the recent shift toward e-cigarettes that can’t be refilled has created a new environmental dilemma. U.S. teens and adults are buying roughly 12 million disposable vapes per month. But the quantities used in vaping devices are too small to warrant salvage. Disposable e-cigarettes currently account for about 53% of the multi-billion U.S. vaping market, according to U.S. government figures, more than doubling since 2020. The company has incinerated more than 1.6 million pounds of vaping waste in recent years, mostly unsold inventory or discontinued products.

Persons: ”, Yogi Hale Hendlin, Michael Garland, ” Garland, Brian King, “, New York Sheriff Anthony Miranda, Bob Cappadona, Daniel Ryan, Shelly Fuller, ” Fuller, Joseph Frederick, Matthew Perrone Organizations: WASHINGTON, University of California, Environmental, Agency, EPA, FDA, Regulators, New, Veolia, Centaurus High, ”, Twitter, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: U.S, San Francisco, Monroe County , New York, Arkansas, New York City, New York , California, Monroe County, “, New York, Gum Springs , Arkansas, Boulder County , Colorado, Boulder

German Chancellor Olaf Scholz's coalition unveiled in July a strategy toward de-risking Germany's economic relationship with China, calling Beijing a "partner, competitor and systemic rival". German investment in Asia excluding China is rising as a share of overall investment. "No company is going to say that it will leave China," said Sandra Ebner, senior economist at Union Investment, Germany's second-largest fund manager. "But what companies are increasingly doing is to produce in China for China and to position themselves around China for the remaining Asian or global market." In July, German Economy Minister Robert Habeck travelled to India with a delegation of executives to discuss opportunities for German companies.

Persons: Thomas Nuernberger, Nuernberger, Olaf Scholz's, Volker Treier, Munk, Ferdinand Munk, Scholz, Angela Merkel's, Martin Brudermueller, Max Zenglein, Juergen Matthes, Markus Horn, Matthias Bianchi, Joe Biden, Wolfgang Niedermark, Jan Roennfeld, Roennfeld, Sandra Ebner, BDI's Niedermark, Robert Habeck, Christoph Steitz, Sarah Marsh, Maria Martinez, Aditya Kalra, Sarita Chaganti Singh, Xinghui, Orathai, Brenda Goh Organizations: Reuters, Commerce and Industry, Volkswagen, Mercedes, Benz, BASF, IW Institute, Big, Mercator Institute for China Studies, Economic Institute, Horn, German Association of, Indonesian Chamber of Commerce, Union Investment, Thomson Locations: FRANKFURT, BERLIN, Berlin, Beijing, China, Taiwan, India, Asia, Germany, Europe, Vietnam, South Korea, Indonesia, South China, European, Thailand, United States, Mexico, Indonesian, Eastern Germany, Malaysia, Frankfurt, New Delhi, Xinghui Kok, Singapore, Bangkok, Shanghai

☆ A rate cut will be bad news for stocks, JPMorgan warns — and outlines where to invest
▼ + stars: | 2023-10-19 | by ( Ganesh Rao | ) www.cnbc.com time to read: +3 min

However, Gimber believes Fed cuts in 2024 would likely coincide with declining corporate earnings, creating headwinds for stocks. Analysts are predicting 12% earnings growth for the S & P 500 as a whole in 2024. A further rate cut is also being priced in by November next year, according to data from CME's FedWatch Tool . "You have this disconnect at the moment: 12% earnings growth expected for next year and still the Fed expected to cut multiple times. It's about resilience in equities," Gimber said.

Persons: Hugh Gimber, Gimber, CNBC's, Dow Jones Organizations: Federal Reserve, Asset Management, –, Catalyst, JPMorgan, Treasury Locations: Brazil, Mexico, South Africa

☆ Risky biotech M&A therapy will heal more fractures
▼ + stars: | 2023-10-19 | by ( Jonathan Guilford | ) www.reuters.com time to read: +8 min

NEW YORK, Oct 19 (Reuters Breakingviews) - How can a suitor offering $1 billion see eye-to-eye with a seller asking for $2 billion? Such contingent value rights, or CVRs, are a way to get around the inherent uncertainty of an unproven drug. Its $74 billion takeover of Celgene in 2019 included a $6.4 billion payout dependent on a trio of drug approvals. There have been only 27 biotech market debuts this year, raising $2.2 billion, according to LSEG data. Given the nagging fissures in valuation perspectives, however, more dealmakers are apt to try this risky M&A therapy.

Persons: Schulman, Sidley, Bristol Myers, Myers, CVRs, Andrew Weisenfeld, IPOs, ”, Dan Lepanto, biopharma, Eli Lilly’s, Bristol Myers Squibb, Jeffrey Goldfarb, Sharon Lam, Streisand Neto Organizations: Reuters, Dow, Marion Laboratories, LyondellBasell Industries, Mirati Therapeutics, JPMorgan, Sanofi, Health Partners, Nasdaq Biotechnology, Reuters Graphics Reuters, Reuters Graphics, Leerink Partners, Therapeutics, Public, Bristol Myers, U.S . Food, Drug Administration, Thomson Locations: Celgene, Genzyme, U.S

☆ Hydrogen Demand Is Set to Boom, but Growth Faces Big Hurdles
▼ + stars: | 2023-10-18 | by ( Yusuf Khan | ) www.wsj.com time to read: +5 min

A new report from consulting firm McKinsey forecasts a fivefold rise in hydrogen demand to 600 million metric tons a year by 2050, if climate change is limited to 1.5 degree Celsius. Using green hydrogen as fuel for steelmaking can cut emissions by up to 95%, according to H2 Green Steel, a Swedish low-carbon steel startup. Higher interest rates have made securing funding for big infrastructure projects more expensive, with fewer willing to put up the cash, according to Franc. Last week, $7 billion of subsidies dedicated to hydrogen projects in the U.S. were announced by the Energy Department. Faster permitting times are needed to bring more hydrogen projects online, as well as the renewable energy to power their electrolyzers, industry experts say.

Persons: BRIDGET BENNETT, ”, Pierre, Etienne Franc, ” Franc, Jason Cheng, Regulators haven’t, Margery Ryan, Johnson, Todd Anderson, Bram Smeets, Ole Rolser, you’ve, Ryan, “, Yusuf Khan Organizations: REUTERS, McKinsey, Business, Green, ”, Platinum Investment, Energy Department, Regulators, The Wall, International Energy Agency, U.S, Dakotas Locations: Las, Swedish, Franc, U.S, Woodbine , Ga, Midwest, Texas, West, Gulf Coasts

☆ Deutsche Bank just cut its price target on nearly 30 global stocks ahead of earnings — and upgraded 1
▼ + stars: | 2023-10-18 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Ahead of the upcoming earnings season, Deutsche Bank has cut price targets on nearly 30 European stocks this week and upgraded just one to "buy." The bank's biggest cut to price target was for Denmark's energy giant, Orsted . In online food delivery, Deutsche Bank said its proprietary data shows demand stabilizing for takeaway apps across markets it monitors. Elsewhere in the European utility sector, the investment bank struck a positive tone in its outlook despite the price target cuts. Deutsche Bank analysts prefer integrated utilities like RWE , Enel , SSE , and E.ON , reiterating "buy" ratings on the stocks but lowering their price targets by 2% and 12%.

Organizations: Deutsche Bank, E.ON, Fineco Bank Locations: Swiss, Enel

☆ What to Know About the 4 Food Additives Banned by California
▼ + stars: | 2023-10-18 | by ( Dana G. Smith | More About Dana G. Smith | ) www.nytimes.com time to read: +1 min

California has banned four common food additives — Red Dye No. 3, potassium bromate, brominated vegetable oil and propylparaben — through the California Food Safety Act. After that, any person or entity that manufactures, sells or distributes food products in California that contain the additives can be fined up to $5,000 for a first violation and up to $10,000 for each additional violation. Here’s what to know about the ingredients, why they were banned and what it means for you, whether you live in California or elsewhere. What are the additives, and what food products are they in?

Persons: Gavin Newsom, Dye Organizations: California Food, ”, California State Locations: California

BOISE, Idaho (AP) — The November execution of a man on Idaho’s death row was delayed on Wednesday because the state’s parole board has granted a hearing to consider changing his sentence to life in prison. An Idaho judge last week issued a death warrant for Thomas Creech, the state’s longest-serving death row inmate. Creech was convicted of killing two people in Valley County in 1974 and sentenced to death. Creech’s attorneys with the nonprofit Federal Defender Services of Idaho petitioned the parole board to schedule the sentence review hearing. A spokesperson for the Ada County Prosecutor’s Office, which pursued Creech’s death warrant, declined to comment to the newspaper on Wednesday.

Persons: Thomas Creech, Creech, David Jensen, Christian ” Organizations: Idaho Department of Correction, Federal Defender Services of Idaho, Idaho Statesman, Office Locations: BOISE, Idaho, An Idaho, Valley County, Ada

☆ PaintJet puts robots to work in construction and maintenance as labor shortage drags on
▼ + stars: | 2023-10-18 | by ( Lora Kolodny | ) www.cnbc.com time to read: +5 min

Hegeman tells CNBC, "With painting, the labor shortage hits you right in the face. It was not so much a challenge to sell and book work, but it was always a challenge to do the work. Instead of selling or renting its robots out to construction crews, the startup offers an end-to-end service and maintains control of the entire painting process. PaintJet can use any commercially available paint in its machines, but also makes and sells its own line of paints. Hegeman said the company is also developing capabilities to handle more tasks in construction and maintenance with robotics including pressure washing, caulking and sanding.

Persons: Nick Hegeman, Steve Wasilowski, Sonia Chacko, Hegeman, PaintJet, Ryan Gembala, It's Organizations: Hegeman, CNBC, SRI, Foreman Technologies, Dynamo Ventures Locations: Hendersonville , Tennessee, Nashville, Virginia, Metaprop, New York, Chattanooga, San Francisco

☆ The top 10 things to watch in the stock market Wednesday
▼ + stars: | 2023-10-18 | by ( Jeff Marks | ) www.cnbc.com time to read: +4 min

U.S. stock are under pressure in premarket trading Wednesday, with S & P 500 futures down 0.47%. Revenues at its wealth management division rise 4.6% but fall short of analysts' forecasts, sending shares tumbling by 2.6% in premarket trading. Morgan Stanley reduces its price target to $600 a share, down from $630, while Citi lowers to $575 a share, from $630. 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: Morgan Stanley, Jefferies, Goldman Sachs, Wells Fargo, Sherwin, Williams, Jim Cramer's, Jim Cramer, Jim Organizations: Treasury, West Texas, Club, Procter, Gamble, Abbott Laboratories, Citi, Nvidia, Visa, Mastercard, Journal, Coterra Energy, Occidental Petroleum, Antero Resources, Starbucks, JPMorgan, Meta, Bank of America, Dow Inc, Huntsman Corp, LyondellBasell Industries, Albemarle, Westlake Corporation, Jim Cramer's Charitable, CNBC Locations: China

Search resuls for: "Chemicals"

25 mentions found