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U.S. Dairy Delivers Sustainable Ingredient Solutions + Global Product Inspirations
Arlington, VA, July 10, 2020 (GLOBE NEWSWIRE) -- The versatility and functionality of U.S. dairy ingredients will be on display, virtually, at the Institute of Food Technologists (IFT) annual expo, being held next week. At a pre-IFT special access webinar held July 7, the U.S. Dairy Export Council (USDEC)’s leadership shed light on the U.S. dairy industry’s ambitious sustainability goals for 2050, announced upcoming scientific sessions and previewed exciting technical and innovation resources for IFT attendees to learn how U.S. Dairy delivers on consumer demand for global taste adventures, balanced nutrition and sustainable food production. Education around the industry’s sustainability efforts is a key component of USDEC’s virtual IFT presence this year, as it aims to shine a light on the aggressive new environmental stewardship goals set this spring which include becoming carbon neutral or better by 2050 in addition to optimizing water usage and improving water quality. These goals build on a decades-long commitment to producing nutritious dairy foods that can feed a growing global population in the most economically viable and socially responsible way. They align with the United Nations Sustainable Development Goals, specifically those focused on food security, human health and responsible stewardship of natural resources, including
Tesla rival Rivian snags $2.5 billion investment led by T. Rowe Price
Electric vehicle startup Rivian, which is backed by Amazon and Ford and aims to put an electric pickup and SUV in production in 2021, boosted its war chest further with a $2.5-billion investment round led by T. Rowe Price, Rivian said Friday.
The deal comes on the heels of electric-car maker Tesla’s meteoric rise in valuation and the recent public offering of Nikola Corp. Both Tesla and Nikola are planning electric pickups to rival Rivian.
The new round takes total investment in Rivian to at least $6 billion, including a $1.3 billion round in December led by T. Rowe Price and including Amazon, Ford and BlackRock, according to investor website Pitchbook.
Rivian’s latest fundraising was joined by Soros Fund Management, Coatue Management, Fidelity Management and Research Company, and Baron Capital Group. Amazon and BlackRock also participated.
Extreme heat – Montréal is entering Response mode 1 of its Response plan
MONTRÉAL, July 10, 2020 /CNW Telbec/ - Following recommendations of the Direction régionale de santé publique (DRSP), the Organisation de sécurité civile de l'agglomération de Montréal is announcing that it is entering Response mode 1 of its Extreme heat special response plan as of today, July 10. This phased plan based on weather conditions and effects on residents' health provides for the implementation of measures to ensure the well-being and safety of residents. The Response mode, which began this morning, includes a joint door-to-door operation by the Service de sécurité incendie and the Service de police de la Ville de Montréal in an effort to reach the most vulnerable populations and provide prevention tips in certain priority sectors. In addition, water bottles will be distributed to the homeless. Aquatic facilitiesMontréal will extend the opening hours of several aquatic facilities, including splash pads, pools and wading pools, so that residents can have places to cool off. An online map (in French) is available to help people quickly locate the facilities that are open. Note that some boroughs have opened splash pads temporarily due to the heat wave. Beaches The opening of beaches and other public and private natural environments has been authorized by the Direction régionale
A third of Canada’s foodservice workforce is still out of work
TORONTO, July 10, 2020 (GLOBE NEWSWIRE) -- Restaurants Canada is urging reforms to the federal wage subsidy that will better help foodservice businesses rehire workers as they continue to reopen and recover from the impacts of COVID-19. At least 400,000 people previously employed in the Canadian foodservice sector are still out of work, according to the results of the latest Labour Force Survey from Statistics Canada. This is still half of the jobs that the sector has lost since the start of the pandemic and a third of the foodservice industry’s workforce still not recovered. “Reforms to the federal wage subsidy are urgently needed to help foodservice businesses bring more Canadians back to work amid ongoing restrictions,” said David Lefebvre, Restaurants Canada Vice President, Federal and Quebec. “Forty-four per cent of restaurant operators who responded to our latest survey said they did not apply for the subsidy for at least one of their establishments because it would not meet the requirements.” Restaurants need reforms to the wage subsidy to rehire more Canadians Restaurants and other foodservice businesses are the fourth-largest source of private sector jobs in Canada. Collectively, the industry employs about 1.2 million people. At least this was the
Chamath Palihapitiya: Here's why you go short big tech stocks Facebook and Alphabet right...
Chamath Palihapitiya
Olivia Michael | CNBC
Former Facebook executive Chamath Palihapitiya on Friday laid out his bearish case for the social media giant as well as Google-parent Alphabet.
Palihapitiya, founder and CEO of investment firm Social Capital, said in a series of tweets that there are a handful of negative catalysts to drive these shares down over the next few years, including increased regulatory scrutiny, taxes and new product experiences.
"Big Tech's long term success is no longer about better products," Palihapitiya said in a Friday tweet. "They are incumbents and their success is now a multi-variate/multi-dimensional problem of competition, anti-trust, tax and regulatory multiplied by EVERY city, state, country and jurisdiction in which the operate."
Facebook and Alphabet have been relatively been a bright spot in a market that experienced unprecedented disruptions by the coronavirus pandemic. Shares of Facebook climbed 17% this year, while Alphabet gained more than 13%.
Investors piled into megacap technology companies this year for their insulation from the global health crisis. Thanks to the resilience of Big Tech, the Nasdaq Composite became the first major U.S. equity benchmark to hit a new record high.
