Bob Evans Farms Alleges Tyson, Others Inflated Chicken Prices

Moderna slows trial enrollment to include minorities at risk of COVID-19 – CNBC

Sept 4 (Reuters) – Moderna Inc is slowing enrollment slightly in its large clinical trial for coronavirus vaccine candidate to ensure it has sufficient representation of minorities most at risk for the disease, CNBC reported, citing the company’s chief executive.

Shares of the company fell 7% in morning trading.

“I would rather we have higher diverse participants and take one extra week,” CEO Stephane Bancel told CNBC.

Trump says Serbia and Kosovo reach 'breakthrough,' agree to normalize economic ties

  • Serbia and Kosovo have agreed to normalize economic ties, Trump said on Friday.
  • Serbia committed to moving its embassy to Jerusalem.
  • Kosovo and Israel agreed to normalize ties and establish diplomatic relations.

Serbia and Kosovo have agreed to normalize economic ties, U.S. President Donald Trump said on Friday, hailing what he called a "major breakthrough" more than a decade after Kosovo declared independence from Serbia in 2008.

Trump, speaking in the Oval Office before a meeting with the leaders of Serbia and Kosovo, said Serbia had also committed to moving its embassy to Jerusalem, and Kosovo and Israel had agreed to normalize ties and establish diplomatic relations.

This story is developing. Please check back for updates. 

‘Violent Trump’ Ad Ties The President To U.S. Hate Explosion

A blistering new political ad attacks President Donald Trump as the stoker in chief of racist violence in America.

The ad, by the Really American anti-Trump PAC, underscores national surges in hate crimes against Blacks, Muslims and Jews. And it juxtaposes the worsening situation in America with a mashup of Trump’s disparaging remarks about immigrants and calls to violence against his detractors, including: “Knock the crap out of ’em.”

The ad concludes with a self-own by Trump when he bashed Barack Obama in 2016 in his Republican National Convention speech: “The irresponsible rhetoric of our president, who has used the pulpit of the presidency to divide us by race and color, has made America a more dangerous environment than frankly I have ever seen.”

The ad concludes: “End the nightmare.” 

Really American is currently targeting its ads in the battleground states of Ohio and Pennsylvania. Its first 28 attack videos since mid-June garnered 60 million views, according to the PAC.

Check the latest ad above.

European Economics Preview: Germany Factory Orders Data Due

Factory orders and construction Purchasing Managers’ survey reports from Germany are the major reports due on Friday.

At 2.00 am ET, Destatis is set to release Germany’s factory orders data for July. Orders are forecast to grow 5 percent on month, but slower than the 27.9 percent increase seen in June.

At 2.45 am ET, France’s current account data is due for July.

At 3.00 am ET, the Czech Statistical Office is scheduled to publish retail sales for July. Economists expect sales to grow 3.6 percent on year, reversing a 1.9 percent drop in June.

In the meantime, industrial production from Hungary and GDP data from Slovakia are due.

At 3.30 am ET, IHS Markit releases Germany’s construction PMI data for August.

At 4.30 am ET, UK CIPS/Markit construction PMI data is due. The index is seen rising to 58.5 in August from 58.1 in July.

At 6.00 am ET, second quarter GDP data is due from Ireland. GDP had advanced 1.2 percent sequentially in the first quarter.

Juul to slash more than half its workforce with 1,200 job cuts

Juul said it would make a “significant” cut to its global workforce and explore pulling out of some European and Asia-Pacific markets to save cash and weather a tumultuous period for the e-cigarette industry.

The company, partly owned by Marlboro maker Altria Group, is planning to lay off about 1,200 employees, more than half its workforce, the Wall Street Journal reported, citing people familiar with the matter.

“No final decisions have been made and we will continue to go through our evaluation process,” a Juul spokesman said Thursday.

E-cigarette sales have slowed in the US, Juul’s home market, as increased regulatory scrutiny following a rise in teenage vaping and a ban on the sale of popular flavors have hit demand.

“It has seemingly become even easier to sell combustible cigarettes than vapor products,” Juul said in a blog post.

Altria’s 35 percent stake in Juul, valued at $12.8 billion in December 2018, dwindled to about $4.2 billion at the end of last year.

Juul said some European and Asia Pacific markets had not provided enough return to justify additional investments. The company pulled out of South Korea this year after it failed to gain traction amid government health warnings.

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Bob Evans Farms Alleges Tyson, Others Inflated Chicken Prices

Bob Evans Farms Inc. sued U.S. chicken producers includingTyson Foods Inc.,Pilgrim’s Pride Corp. andSanderson Farms Inc. for allegedly inflating prices over a decade.

Producers limited the supply of broiler chickens from 2008 to 2017 through a series of unlawful cooperation agreements, Bob Evans Farms said in an antitrust lawsuit filed Friday in federal court in Chicago.