US companies who import materials from China to manufacture goods in the US could be hit with most of the imposed tariffs proposed by the White House, analysts say. Ultimately, US consumers will see significant increases in prices.
Congressional aides and other experts say disagreements over vouchers and the education secretary's power to administrate the law have stalled efforts to reauthorize the Carl D. Perkins Career and Technical Education Act. The act, which directs federal support to career education programs, was last reauthorized in 2006.
US Treasury Secretary Steven Mnuchin is considering going to China to try to resolve trade differences, saying he is "cautiously optimistic" the countries can reach agreement. The Chinese Commerce Ministry says it is aware of US intent to visit and welcomes talks on trade and economic issues.
Kraft Heinz has teamed with Momofuku founder David Chang to distribute the restaurant brand's Momofuku Ssam sauce nationwide. The condiment, served in Chang's restaurants and available for purchase in a small number of retail stores including Whole Foods Market in New York City, will now be sold on Amazon.
A study in Stroke found male smokers under age 50 had an 88% higher risk of stroke than men who never smoked, with risk increasing the more they smoked. The findings, based on data from 615 men ages 15 to 49 with a history of stroke and 530 healthy men of similar age, showed smoking fewer than 11 cigarettes each day was associated with a 46% greater risk of stroke, while smoking at least two packs of cigarettes daily was linked to almost fivefold risk of stroke.
PwC audited Facebook's privacy practices for two years ending in February 2017, during the time of the Cambridge Analytica data breach, and provided a report to the Federal Trade Commission in April last year that states, "Facebook's privacy controls were operating with sufficient effectiveness to provide reasonable assurance to protect the privacy of covered information." Neither the FTC nor PwC has commented on the report.
Amazon's sales of packaged foods grew 48% to $650 million in the first quarter, compared to the same period last year, according to One Click Retail, which monitors online sales for around 10,000 brands. Newer products, including Bai beverages and Soylent meal replacements, are proving more popular than traditional brands on the platform, One Click Retail's Nathan Rigby said.
The restructuring of White House cybersecurity staff after the departure of two officials could cause disruption in the development of cybersecurity policy, says former Cybersecurity Coordinator Michael Daniel. The departure of Tom Bossert and Rob Joyce has caused concern and uncertainty among private sector representatives.
An FDA advisory committee voted 13-0 to back the approval of GW Pharmaceuticals' Epidiolex, a cannabidiol oral solution for the treatment of Lennox-Gastaut and Dravet syndromes in patients ages 2 and older. In clinical trials, Epidiolex reduced monthly seizures in patients by 40%, and the FDA is expected to make a decision on the drug by late June.
Executives from AT&T and Time Warner testified recently that the companies need to merge to keep up with tech giants such as Facebook and Google. AT&T's data capabilities would help Time Warner better serve consumers, Time Warner CEO Jeff Bewkes said.
The California Department of Water Resources says the second phase of reconstruction at the Oroville Dam is scheduled to begin May 8. Some roller-compacted concrete in the spillway will be covered by 3 feet of steel-reinforced structural concrete and have a drainage system added beneath it, while some roller-compacted concrete walls will be removed and replaced with structural concrete.
Walmart said it will double its renewable energy usage in the US with new power purchase agreements with wind farms owned by Geronimo Energy and Engie, and plans to add 130 on-site solar installations. The company, which aims to source 50% of its global electricity needs from renewables by 2025, said the wind agreements would offset almost all of the power used by its Walmart stores, Sam's Clubs and distribution centers in seven states.
FedEx has started a new route between its World Hub in Memphis, Tenn., and the FedEx APAC Hub in Guangzhou, China. "Adding volume and a faster, more direct connection to our Memphis hub will give Asia Pacific businesses a stronger competitive advantage in connecting to customers in North America and beyond," said Karen Reddington, president of Asia Pacific FedEx Express.
Amtrak will start offering new dining options for sleeping car passengers riding the Lake Shore Limited and Capitol Limited routes. The new choices include fresh food and hand-crafted entrees, such as chilled beef tenderloin, that can be eaten in a lounge car or delivered to travelers' rooms.
