Crude oil prices have fallen below $100 a barrel for the first time in months amid recession concerns and slowing demand – a rapid turnaround from soaring levels. Recent data revealed that more than 5 million barrels of oil that were part of a U.S. emergency reserves release to lower fuel prices were exported to Europe and Asia last month.
Walmart announced additional charges for some of its suppliers to transport goods to its warehouses and stores in response to increasing transportation costs, saying the fees can help keep prices low for consumers. The move comes after the nation's largest retailer slashed its full-year profit outlook, blaming rising costs of labor and fuel. Many big-box retailers are rethinking their business model, with Amazon recently agreeing to add Grubhub to its list of Prime services in the U.S., aiding the e-commerce giant in acquiring a small stake in the food-ordering company.
The Food and Drug Administration said it had temporarily suspended its ban on sales of Juul Lab Inc.’s products Tuesday as the e-cigarette maker appeals the agency’s June decision saying its products were not safe, especially for youth. Critics of the ban have argued it “makes a mockery of public health” as the number of youth who vape has dropped nearly 60% in the past two years. Nearly 90% of youth don’t vape and 95% don’t vape frequently, according to the latest National Youth Tobacco Survey.
Concerns are rising among some unauthorized immigrants in the U.S. as they fear deportation if they cross state lines to obtain care after abortion bans past 15 weeks of pregnancy took effect in Florida and Mississippi Tuesday. The new state bans have worried infertility patients and doctors that it could make it easier to restrict in vitro fertilization. Lobbyists pressuring Congress on telehealth are also pleaing to stay away from abortion matters as they fear it could erase wins throughout the sector. After the ruling, companies like Amazon, Disney and Apple pledged to cover travel costs for employees who live in states where the procedure is now illegal, but now it remains unclear if they will be able to do this legally while protecting employees.
Ice cream products from Big Olaf Creamery in Sarasota, Florida have been linked to a multi-state listeria outbreak, according to the Centers for Disease Control and Prevention. Numbers last week indicated that nearly two dozen people have been sickened with listeria and one has died. More than 900 million units of U.S. products have already been recalled in the first quarter of 2022, marking the highest number in the past 10 years and eclipsing average annual figures recorded.
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