The FDA has issued a Class II recall for frozen cooked shrimp due to potential cesium contamination. The recall affects products distributed by H & N Group to around 30 locations in the Houston and Gulf Coast areas.
Key Facts
The recall is classified as Class II by the FDA, meaning the product might cause temporary or reversible health effects.
The affected product is Frozen Cooked Medium Shrimp, Peeled & Deveined, Tail Off-White Shrimp, sold in 1-pound bags.
Around 3,780 units, packaged in 378 cases, are part of the recall.
The shrimp was found to be potentially contaminated with Cesium-137, a radioactive substance.
Distribution was limited to a single retail company with about 30 locations.
The recall began on February 9, 2026, and received its Class II status on February 18, 2026.
H & N Group, based in Vernon, California, voluntarily initiated the recall.
The FDA is monitoring the recall, which is still ongoing.
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Toy companies in the U.S. are facing uncertainty due to tariffs on imports, mainly from China, which have increased prices and affected profits. Rick Woldenberg, head of Learning Resources, sued the Trump administration over these tariffs, and the case may soon be decided by the U.S. Supreme Court. Many companies are hoping for stable trade policies to avoid further price increases.
Key Facts
Tariffs on imports, especially from China, have hit the toy industry hard, increasing costs for companies.
Rick Woldenberg, CEO of Learning Resources, filed a lawsuit against the Trump administration challenging the tariffs.
The U.S. Supreme Court is expected to make a decision soon on the tariff case.
Some products were exempted from tariffs, and the average tariff rate for Chinese imports is now around 20%.
Companies like Basic Fun and Glo Pals have raised their prices to cope with increased costs.
Many businesses hope for stable trade policies to avoid further price hikes.
The White House plans to find other ways to impose tariffs if the Supreme Court rules against the current measures.
The government might have to refund some of the money collected from businesses if the tariff case is lost.
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The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Coca-Cola Beverages Northeast, claiming the company discriminated against men by holding a work event that only invited female employees. This is the first such lawsuit during President Trump's second term, where he has focused on changing diversity policies. The EEOC claims that the event violated federal laws that require equal opportunity in the workplace.
Key Facts
A Coca-Cola distributor is being sued for alleged sexual discrimination by excluding men from a work event.
The event involved a two-day networking trip in Connecticut open only to women.
Female employees who attended were paid their normal wages without using time off.
The EEOC claims this action violates Title VII of the Civil Rights Act of 1964.
The lawsuit marks the first related to workplace diversity during President Trump's second term.
The EEOC is also examining other companies like Nike and Northwestern Mutual for similar issues.
The agency is ensuring that all employees have equal access to employer-sponsored events.
Coca-Cola Beverages Northeast has not responded to requests for comment.
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The Institute for Fiscal Studies (IFS) suggests that UK Chancellor Rachel Reeves' borrowing rules need changes because they lead to ineffective policy decisions. They recommend using a new system to evaluate the government's financial health, rather than focusing on a single financial target. The Treasury defends the current rules, saying they help maintain low interest rates and support growth.
Key Facts
The Institute for Fiscal Studies (IFS) is a think tank that analyzes financial policies in the UK.
The IFS argues that current borrowing rules are too rigid and lead to poor decision-making.
These rules require borrowing or debt to stay below a specific limit.
The Treasury believes these rules help keep interest rates low and support investment in growth.
IFS suggests using a "fiscal traffic lights" system to better assess financial health.
This system would provide a broader evaluation of the government's financial position.
There is a call for changes to the fiscal framework before the next general election.
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The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Coca-Cola Beverages Northeast. The suit claims sexual discrimination because a company event only allowed women to attend. This is the first workplace diversity lawsuit filed by the EEOC during President Trump's second term.
Key Facts
The lawsuit is about an event that excluded male employees.
The U.S. Equal Employment Opportunity Commission is the agency that filed the lawsuit.
The event took place in September 2024 in Connecticut.
Female employees who attended were excused from work duties and received regular pay.
Male employees were not invited to the event.
Coca-Cola has not yet responded to requests for comments on the lawsuit.
This case marks the first lawsuit of its kind by the EEOC during President Trump's second term.
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Two farms in Senegal supply a large portion of the UK's vegetables, particularly during winter. The hot and dry climate near the Sahara Desert does not seem ideal for farming, but the availability of river water allows for successful cultivation. These farms export significant amounts of produce to UK supermarkets.
Key Facts
Two British-run farms in north Senegal supply many vegetables to the UK.
Most of the workers on the farms are women.
The farms grow crops like corn, green beans, and spring onions.
The area is near the Sahara Desert, but water from the Senegal River supports the farms.
Each winter, the UK gets a high percentage of its fresh produce from these farms.
The Saint-Louis area in Senegal provides abundant sunlight and labour.
The larger farm started with an entrepreneur using Google Earth to scout locations.
Vegetables are exported weekly by ship to the UK from Dakar port.
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eBay has purchased Depop, a second-hand clothing app popular with younger generations, for $1.2 billion. The acquisition is part of eBay's strategy to attract more young users interested in buying and selling used clothing.
Key Facts
eBay bought Depop, which is a second-hand clothing app, for $1.2 billion.
Depop was founded in the UK and bought by Etsy in 2021.
Nearly 90% of Depop's active buyers are under the age of 34.
Depop has over three million active sellers on its platform.
eBay aims to reach younger customers with this new acquisition.
Depop is one of the fastest-growing fashion resale marketplaces in the U.S.
Etsy, which previously bought Depop, has seen its share price increase by 15% after selling it.
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California is considering a one-time tax on billionaires to counteract federal budget cuts affecting healthcare funding. This proposal has sparked debate, with some business leaders opposing it due to concerns about its impact on California's economy. The tax would need voter approval, and Senator Bernie Sanders is supporting the campaign to gather enough signatures for it to be on the ballot.
Key Facts
California may introduce a 5% tax on individuals with over $1 billion in assets.
The tax aims to recover funds lost due to the One Big Beautiful Bill Act (OBBBA) by President Trump, requiring more eligibility checks for Medicaid.
Senator Bernie Sanders is campaigning for the tax to be included in the November ballot.
Business leaders worry the tax will harm California's economy and encourage billionaires to leave the state.
Google cofounders Larry Page and Sergey Brin have reportedly moved to Florida, possibly to avoid the tax.
Governor Gavin Newsom, despite a budget deficit, is not supporting the tax measure.
California's economy heavily relies on its tech industry, and losing tech billionaires might destabilize it.
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President Trump's adviser, Kevin Hassett, criticized a Federal Reserve study that claimed U.S. businesses and consumers are bearing the majority of costs from tariffs. Hassett called for disciplinary action against the economists involved, arguing that the study presented a partisan viewpoint. The study aligns with other reports indicating high tariff costs are passed on to U.S. buyers.
Key Facts
Kevin Hassett is the director of the National Economic Council and an adviser to President Trump.
Hassett criticized a Federal Reserve study that said U.S. firms and consumers bear 90% of tariff costs.
The study was conducted by the New York Federal Reserve and is consistent with findings from other research groups.
Hassett described the study as an embarrassment and suggested economists involved should be disciplined.
President Trump's administration has been critical of the Federal Reserve, focusing mainly on interest rate issues.
The Supreme Court is reviewing a legal challenge related to President Trump's global tariffs.
Inflation in the U.S. recently decreased, according to the Department of Labor.
Hassett claims tariffs have benefited consumers by increasing real wages.
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Go Raw LLC is recalling a specific batch of their Quest brand Cat Food Chicken Recipe Freeze Dried Nuggets because it may have low levels of thiamine (vitamin B1). The recall affects products sold in 10 states, and there has been one reported illness in a cat that has now recovered.
Key Facts
Go Raw LLC is recalling one lot of Quest Cat Food due to low thiamine levels.
Thiamine deficiency in cats can cause digestive and nervous system problems.
The affected product comes in 10-ounce bags with lot code C25288.
The product was sold in stores in Illinois, Texas, California, Michigan, Rhode Island, Pennsylvania, Oregon, Washington, Utah, and Colorado.
Customers can return the recalled cat food for a full refund.
The company received a report of illness, but the affected cat has recovered.
Pet owners noticing symptoms in their cats are advised to contact a veterinarian.
For questions, customers can contact Go Raw LLC by phone or email.
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The Federal Reserve officials are divided on interest rate decisions, according to the minutes from their January meeting. Some members suggest raising rates if inflation remains high, while others support keeping rates steady or making further cuts. Economic signs show job growth and stable inflation, but concerns about tariffs and future inflation persist.
Key Facts
Federal Reserve officials are split on what to do about interest rates.
Some want to raise rates if inflation stays high, while others prefer keeping rates steady or cutting them further.
The labor market seems to be stabilizing, but not everyone agrees on the strength of job recovery.
Businesses are dealing with tariff-related costs, which may affect inflation.
AI-related technology gains may help reduce inflation pressure.
Recent data shows an increase of 130,000 jobs and a slight drop in the Consumer Price Index.
President Trump plans to nominate Kevin Warsh as the new Fed chair, with Jerome Powell's term ending in May.
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More Americans cannot pay their car loans, with the rate higher than during the 2008 financial crisis. The serious delinquency rate on subprime auto loans has hit 6.9 percent. Total auto debt now stands at $1.67 trillion.
Key Facts
The 60-day delinquency rate on subprime auto loans is now 6.9 percent, surpassing the 2008 peak of 5 percent.
Auto debt in the U.S. has increased by $312 billion over the past five years, reaching a total of $1.67 trillion.
Subprime financing, which is riskier, accounts for about 14 percent of all auto loans, totaling $234 billion.
Higher vehicle prices and interest rates are significant factors in the inability to pay auto loans.
Car prices climbed during the pandemic due to supply chain issues, leading to high levels of debt.
Experts say that defaults on auto loans are a warning sign for the broader economy and could hint at future economic trouble.
Rising defaults could mean fewer people are able to get to work, impacting local economies.
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Berkshire Hathaway, led by CEO Warren Buffett, invested $350 million in The New York Times six years after selling its newspapers. The company also increased its shares in Chevron and reduced its holdings in Bank of America and Apple. These changes in investments came during Buffett's last quarter as CEO before Greg Abel took over.
Key Facts
Warren Buffett's company, Berkshire Hathaway, invested $350 million in The New York Times.
The investment comes six years after Buffett sold all of Berkshire's newspapers.
Buffett previously predicted a decline for newspapers but believed national brands like The New York Times could succeed.
Berkshire Hathaway also increased its investment in Chevron to over 130 million shares.
The company sold off roughly 50 million Bank of America shares but still holds about 81 million shares in the bank.
Berkshire reduced its Apple holdings by approximately 10 million shares but retains nearly 228 million shares.
These investment changes were part of Warren Buffett's last quarter as CEO before Greg Abel succeeded him in January.
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Bayer’s Monsanto unit has proposed a $7.25 billion settlement to resolve lawsuits claiming its Roundup weedkiller caused non-Hodgkin lymphoma, a type of cancer. The settlement, if approved by the court, would involve annual payments over 21 years and allow affected people exposed before the announcement to file claims.
Key Facts
Bayer’s Monsanto subsidiary proposed a $7.25 billion settlement for Roundup cancer lawsuits.
The lawsuits claim Roundup caused non-Hodgkin lymphoma, a cancer of the immune system’s white blood cells.
Payments would be made over 21 years if the settlement is approved by a court.
People diagnosed with non-Hodgkin lymphoma exposed to Roundup before the announcement can file claims.
Bayer says the settlement does not mean it admits fault or wrongdoing.
Bayer’s total estimated legal costs for these cases would rise from €7.8 billion to €11.8 billion ($9.2 billion to $13.9 billion).
Bayer bought Monsanto in 2018 and is facing thousands of lawsuits related to Roundup.
Roundup remains available for sale, and Bayer says its products are safe and well tested.
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Senator Bernie Sanders and Governor Gavin Newsom disagree over a plan to introduce a new tax on billionaires in California. Sanders supports the tax, while Newsom opposes it, citing concerns about its impact on the state's economy.
Key Facts
The proposed tax targets billionaires in California.
Senator Bernie Sanders supports the tax plan.
Sanders will campaign in Los Angeles to gain support for the proposal.
Tech industry leaders in Silicon Valley oppose the tax, threatening to leave the state.
Governor Gavin Newsom is against the tax, fearing it could harm the state's finances.
Sanders is a well-known democratic socialist and has criticized wealth inequality for years.
Newsom believes the tax could make California less competitive compared to other states.
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BAE Systems, a large defense company, reported record sales in 2025, but workers at some of its UK sites are on strike over pay issues. The company made a profit of £2.6 billion, but union members are demanding larger pay increases, saying the company should share more of its profits with employees. BAE says its current offer is fair and aims to resolve the strike with minimal disruption.
Key Facts
BAE Systems reported a record profit of £2.6 billion for 2025.
Sales at BAE increased by 10% to a record £30.7 billion.
Workers at BAE sites in Warton and Samlesbury are on strike over pay.
The union, Unite, wants a 5.2% pay increase for workers.
BAE offered its employees a 3.7% pay raise for 2026.
Unite represents 5,000 workers, and over 1,200 are on strike.
The company expects its profits to grow by about 10% in 2026.
BAE claims its current pay offer is among the best in the market.
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The Trump family company has applied for trademark rights to use President Donald Trump's name on airports and related items. This move relates to discussions about naming Palm Beach airport after him and ensuring his name is not misused.
Key Facts
The Trump Organization applied for trademarks on airports using President Trump's name.
The trademarks include items like buses, umbrellas, travel bags, and flight suits found at airports.
The company does not plan to charge fees for using the name at the proposed Florida airport.
The trademark applications were influenced by a Florida bill proposing to rename Palm Beach airport after Trump.
There is also a discussion involving a tunnel between New York and New Jersey and Dulles International Airport potentially bearing Trump's name.
The Trump Organization claims the applications aim to protect the Trump name from unauthorized use.
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Stephen Colbert is in a public disagreement with CBS over what content he can share on his late-night show. He claimed CBS stopped him from airing an interview with a political candidate, James Talarico, which CBS denied.
Key Facts
Stephen Colbert hosts "The Late Show" on CBS.
Colbert claimed CBS stopped him from airing an interview with James Talarico, a political candidate.
CBS denied that their lawyers told Colbert he couldn't show the interview.
Colbert responded to CBS's denial by discarding their statement playfully during a show.
The issue touches on a topic known as 'equal time,' which refers to providing equal airtime to political candidates.
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IKEA is planning to open new stores in several U.S. cities by 2026, including locations in Chicago, Tulsa, Fort Collins, and Los Angeles. This move is a response to increasing store closures in the retail sector and comes despite economic challenges such as inflation. The company aims to continue expanding in the U.S. market with a focus on smaller store formats and increased accessibility.
Key Facts
IKEA will open new stores in Chicago, Tulsa, Fort Collins, and Los Angeles in 2026.
These openings are part of a total of ten new store locations planned for that year.
Los Angeles will get its first city-center IKEA store in Culver City.
Tulsa will see its first IKEA store, marking the company's entry into Oklahoma.
Other planned locations include Gurnee Mills in the Chicago area.
Previously announced locations are Houston–Webster; Chantilly/Dulles; Rockwall; Phoenix; University Park in Dallas; and Huntsville, Alabama.
IKEA opened 14 new retail locations in fiscal year 2025.
IKEA reported $5.3 billion in total sales last year, with $1.9 billion from online sales.
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A label inside a bag from the American manufacturer Tom Bihn, made in 2004, refers to a "president" as an "idiot." This label recently gained attention on social media. The company founder, Tom Bihn, said the message might have been intended as a personal joke and not aimed at a political figure.
Key Facts
A label inside a bag by Tom Bihn calls a "president" an "idiot," and this message resurfaced online.
The label was made in 2004 and includes French text.
Tom Bihn's founder stated it may have been a joke about himself and not aimed at a specific leader.
The label was initially unnoticed by Bihn due to his limited French language skills.
Tom Bihn, founded in 1972 and based in Seattle, ships bags internationally.
The Pew Research Center reported declining positive views of the U.S. in many countries by 2025.
Some believe the label may have referred to then-French President Jacques Chirac, though Bihn disagreed.
The resurgence of the label coincides with varied international perceptions of the U.S.
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