American foods giant with a global portfolio
Fresh data show China’s May retail sales stalled while investment contracts widen, signaling a slowdown in domestic demand. Yet exports are proving resilient thanks to AI-related demand and renewables, and industrial output edges higher, painting a nuanced picture of a faltering domestic economy still buoyed by external demand.
The new SNAP cost-sharing rules require states with high payment error rates to cover a portion of benefit costs starting in October 2027. Several states face bill totals in the billions, raising the possibility that some may withdraw from the program. The Trump-era changes aim to curb waste, while critics warn of deeper harm to vulnerable families.
Grocery volumes have declined while prices stay elevated, signaling that higher costs are shifting consumer behavior. Retailers and manufacturers are using promotions and value-focused tactics to regain unit growth, with Bain’s data showing volume declines despite inflation aiding sales in the sector.
The FDA has upgraded Amy’s Kitchen Organic Lentil Soup – Light Sodium recall to Class II after a lid defect raised spoilage concerns. Separately, General Mills has recalled Pillsbury roll doughs for potential glass contamination, and Midwest Poultry Services has halted shipments as nearly 1.6 million dozen eggs are recalled over Salmonella fears. No illnesses are confirmed yet.
FDA warns cetirizine tablets may be contaminated with ranitidine; four lots recalled nationwide. Customers urged to stop use and contact supplier for guidance. No reports of adverse events yet.
General Mills has shifted to natural colorings derived from fruits, vegetables and spices in most U.S. cereals. About 90% of U.S. retail products are now free of artificial dyes, with remaining items set to convert by end-2027. Kellogg has followed suit, and other major brands have pledged to remove synthetic dyes amid regulatory and consumer pressure.
A wave of higher tariffs has escalated the US-Canada dispute, with Canada retaliating dollar-for-dollar as talks collapse. Canadians are shifting consumer habits, favoring local products, and businesses warn of rising costs. Trump pushes for broader punitive actions as the standoff deepens.