Nestle Gets a Third of Sales From Foods Considered Unhealthy
Nestle SA said a third of its sales missed an independent definition of healthy as it applied a nutritional rating test across its portfolio.
Bloomberg Business
Chicken Grown in Bioreactors Clears First US Regulatory Hurdle
Alternative foods startup Eat Just Inc. cleared an initial regulatory hurdle to selling chicken grown in bioreactors to the American public.
Fox News Producer Says She Was Pushed to Lie About Dominion
A Fox News producer says the network’s lawyers coerced her into giving misleading testimony in Dominion Voting Systems Inc.’s $1.6 billion lawsuit over the network’s unfounded claims of fraud in the 2020 presidential election.
Nvidia’s Next-Gen AI Chips Are Coming to AWS and Google Cloud
Riding the surge of hype around ChatGPT and other artificial intelligence products, Nvidia Corp. introduced new chips, supercomputing services and a raft of high-profile partnerships Tuesday intended to showcase how its technology will fuel the next wave of AI breakthroughs.
Biden’s Made-in-USA Mandate for Tax Credit Sparks Solar Dispute
The Biden administration is preparing to decide how much American-made equipment must be used in renewable projects in order to get an extra tax credit under the new climate law, addressing a key dispute between energy developers and solar panel manufacturers.
Distressed Markets are Hurting Most from Rich-World Bank Turmoil
Bond markets in some of the world’s most vulnerable economies are flashing default warnings as turmoil in the US and European banking systems makes it even tougher for fragile emerging nations to borrow and repay debt.
Volkswagen Warns of Significant Drop in Earnings From Car Loans and Leases
Volkswagen AG’s financial-services division forecast a substantial drop-off in annual profit as better access to semiconductors and other components leads to normalization in the used-car market.
Bitcoin Rally Stalls at $28,000 Ahead of Fed While Altcoins Gain
Bitcoin has lost its bullish momentum ahead of a key meeting Wednesday by the U.S. central bank, with the largest digital asset by market value lagging the gains posted by smaller cryptocurrencies such as Ether and XRP.
FTX’s LedgerX Attracts Bids From Firms Including Miami Exchange
FTX has attracted bidders including Miami International Securities Exchange for its crypto-derivatives platform, LedgerX, one of the few solvent pieces of Sam Bankman-Fried’s former empire.
Russia Says Its Pledged Oil Cuts Will Last Through June
Russia has decided to keep its oil production at a reduced level through June, taking into account the current market situation, according to Deputy Prime Minister Alexander Novak.
