Danone CEO downplays threat of weight loss drugs on food producers

Danone CEO downplays threat of weight loss drugs on food producers

Pots of Activia yoghurt, manufactured by Danone SA, sit on display. Bloomberg | Getty Images The CEO of French consumer goods giant Danone downplayed the threat of obesity drugs on its food business, arguing that consumers were likely to turn to healthy products as part of their new weight loss regime. Antoine de Saint-Affrique said … Read more

Citi on what’s next for cocoa and coffee prices after a record rally

Citi on what’s next for cocoa and coffee prices after a record rally

A worker picks cocoa fruit at the Somos Cacao farm in Ragonvalia, Norte de Santader department, Colombia, on Friday, March 22, 2024. Bloomberg | Bloomberg | Getty Images Citi says a record-breaking rally for cocoa and coffee prices could yet have further room to run, citing adverse weather conditions and demand expectations. In New York, … Read more

Drug similar to Ozempic slowed Parkinson’s disease in small trial

Drug similar to Ozempic slowed Parkinson’s disease in small trial

The coronal view of a human brain of a patient suffering from Parkinson’s disease Sherbrooke Connectivity Imaging Lab | Getty Images A highly popular class of drugs for diabetes and obesity is showing early potential to help patients with Parkinson’s disease, too.  An older diabetes treatment called lixisenatide helped slow the progression of motor disability … Read more

Shares of Volvo Cars up 6% to November highs on record sales month

Shares of Volvo Cars up 6% to November highs on record sales month

Volvo’s EX90 electric vehicle photographed in Sweden on Nov.9, 2022. Mikael Sjoberg | Bloomberg | Getty Images Sweden’s Volvo Cars on Thursday climbed to its highest level since November, after the automaker reported record single-month sales for March and solid electric vehicle growth in Europe. The company’s shares rose by 6.2% at 12:20 p.m. in … Read more

Jim Cramer’s top 10 things to watch in the stock market Thursday

Jim Cramer’s top 10 things to watch in the stock market Thursday

My top 10 things to watch Thursday, April 4 The Dow bounces back Wednesday after a three-session losing streak. As of Wednesday’s close, the 30-stock average is on pace for its worst weekly loss since October. Is activist investor Nelson Peltz done with Club name Disney ? Does it matter to the stock? Disney shares … Read more

Ford to delay all-electric SUV to focus on hybrid vehicles

Ford to delay all-electric SUV to focus on hybrid vehicles

Ford CEO Jim Farley at a battery lab for the automaker in suburban Detroit, announcing a new $3.5 billion electric vehicle battery plant in the state to produce lithium iron phosphate batteries, Feb. 13, 2023. Michael Wayland/CNBC DETROIT – Ford Motor is delaying production of a new all-electric three row SUV, as it shifts to … Read more

New CSX Baltimore crisis rail delivers first diverted cargo shipments

New CSX Baltimore crisis rail delivers first diverted cargo shipments

Just days after CSX announced a new rail line in response to the Port of Baltimore closure, the Baltimore-bound containers that were diverted to the Port of New York and New Jersey are back being unloaded in Baltimore. “We will keep this in play for the duration of the port closure,” said Mark Schmidt, vice … Read more