Yum China Holdings Up 5% As China Relaxes Covid-19 Curbs

Taste the Rainbow This Pride Month

At Lady Wong in the East Village, a delicate Indonesian rainbow cake made with natural dyes is a sweet way to celebrate.

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By Florence Fabricant

A Tea to Celebrate a Big Anniversary

Pearls are the traditional gift for a 30th anniversary, so the Republic of Tea is now offering Jasmine Pearls, a new tea, to commemorate its 1992 founding.

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By Florence Fabricant

Sigma Lithium Slide Continues

Sigma Lithium Corp. (SGML) shares are sliding more than 6 percent on Tuesday morning trade, continuing a bearish trend after reaching a year-to-date high on May 27. There were no corporate announcements on the day to influence the stock movement. U.S. stocks were trending mostly lower today.

Currently, shares are at $16.86, down 7.87 percent from the previous close of $18.30 on a volume of 320,775. For the 52-week period, the shares have traded in a range of $4.60-$19.99 on average volume of 401,988.

Dana Cowin Returns to Print With a Zine, Speaking Broadly

The former editor in chief of Food & Wine has named her new publication after her podcast.

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By Florence Fabricant

In Astoria’s Little Egypt, Making a Case for Tagines From Morocco

The seductively nuanced stews are the stars of a new Queens restaurant, Dar Yemma.

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Moroccan Flavors Served in Clay Pots

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By Pete Wells

Walmart Pulls Juneteenth-Themed Ice Cream From Stores, Issues Apology

Retail giant Walmart (WMT) was forced to remove its ice cream, commemorating Juneteenth, after it received huge backlash and was termed as “disrespectful” and “greedy.”

“Share and celebrate African-American culture, emancipation, and enduring hope,” the ice cream’s label read. The ice cream consisted of red velvet and cheesecake flavors and also featured a trademark logo by the word “Juneteenth.”

However, the ice cream was slammed on social media with several people accusing the retail giant of trying to profit off black people.

“Juneteenth holiday marks a celebration of freedom and independence,” the company said in a statement to FOX Television Stations. “However, we received feedback that a few items caused concern for some of our customers and we sincerely apologize. We are reviewing our assortment and will remove items as appropriate.”

Juneteenth is a federal holiday in the US that commemorates the emancipation of enslaved African-Americans. It is also often observed for celebrating African-American culture.

It commemorates June 19, 1865, when Union soldiers brought the news of freedom to enslaved Black people in Galveston, Texas, two months after the Confederacy had surrendered. Originating in Galveston, Texas, it has been celebrated annually on June 19 in various parts of the United States since 1865.

Last year, President Joe Biden signed a bill creating Juneteenth National Independence Day.

Eledon Pharmaceuticals Stock Slips 10%

Shares of Eledon Pharmaceuticals, Inc. (ELDN) are slipping over 10% on Tuesday morning. The company reported results from phase 2a trial of tegoprubart demonstrating safety, target engagement, and biomarker response in patients living with amyotrophic lateral sclerosis.

ELDN is currently trading at $3.24, down $0.39 or 10.74%, on the Nasdaq. The stock opened its trading at $3.72 after closing last trading day at 3.63. The stock has traded between $2.27 and $9.75 in the past 52-week period.

Tegoprubart is an investigational humanized monoclonal antibody that inhibits CD40 Ligand (CD40L), a membrane protein linked to increased peripheral immune responses and neuroinflammation in ALS. The 12-week trial included 54 patients with ALS at 13 treatment sites in the United States and Canada.

The company said tegoprubart successfully met the primary endpoints of safety and tolerability. Tegoprubart was well-tolerated, and no drug-related serious adverse events were observed.

Yum China Holdings Up 5% As China Relaxes Covid-19 Curbs

Shares of American Chinese fast-food chain Yum China Holdings, Inc. (YUMC) are up 5 percent on Tuesday’s trading continuing their upward movement since the past few days. On Tuesday, the stock was positively impacted by news of China relaxing certain Covid-19 restrictions in the country.

Currently at $45.45, the stock has traded between $33.25 and $69.67 during the past 52 weeks.