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President Biden Pardons National Thanksgiving Turkey
National Turkey Federation (NTF) Chairman Phil Seger presented the National Thanksgiving Turkey named “Peanut Butter” to President Joseph R. Biden, Jr. today during the National Thanksgiving Turkey Presentation. “Peanut Butter” and his alternate, “Jelly,” received a formal pardon from the president and will now reside on the campus of Purdue University in West Lafayette, Indiana. The National Thanksgiving Turkey Presentation is a time-honored American tradition dating back to 1947.
“It is an honor to participate in this truly unique tradition, and I thank President Biden for welcoming the National Turkey Federation..."
NRF Responds to Stay Granted for OSHA Vaccine Mandate
The National Retail Federation today issued the following statement regarding the 5th U.S. Circuit Court of Appeals’ decision to extend a stay for the Occupational Safety and Health Administration’s COVID-19 employer-based vaccination and testing emergency temporary standard.
“We are pleased with the decision by the 5th U.S. Circuit Court of Appeals preventing the Biden administration from doing anything to enforce the OSHA ETS unless and until an appeal is made or another court says otherwise. The court agrees that this is neither a workplace hazard nor an emergency..."
Bipartisan Infrastructure Bill is a Win for the Cattle Industry
Late last evening, the U.S. House of Representatives passed the bipartisan Infrastructure Investment and Jobs Act of 2021. The National Cattlemen’s Beef Association (NCBA) is pleased to see the passage of this bill, as infrastructure investments are fundamental to the success of the U.S. cattle industry. NCBA Executive Director of Government Affairs Allison Rivera issued the following statement in response:
“The infrastructure package includes several key provisions that NCBA has long advocated for, including funding for the modernization of..."
NPPC Congratulates Rod Snyder on EPA Appointment
The National Pork Producers Council today applauds the political appointment of Rod Snyder as senior adviser for agriculture to U.S. Environmental Protection Agency (EPA) Administrator Michael Regan. Snyder, a long-time friend of agriculture and the pork industry, has worked at the intersection of agriculture and environmental issues for nearly two decades, most recently serving as president of Field to Market: The Alliance for Sustainable Agriculture.
The following statement can be attributed to NPPC President Jen Sorenson...
NRF Statement on Biden Administration’s China Trade Policy
The National Retail Federation today issued the following statement from Senior Vice President of Government Relations David French in response to United States Trade Representative Katherine Tai’s announcement on the Biden administration’s China trade policy.
“American businesses across the country continue to be severely impacted by the tariffs put into place by the previous administration. Today’s long-awaited announcement proved the Biden administration’s trade strategy on China to be lackluster at most, and will further inflict unnecessary damage to the American economy and retail supply chains.
“The continuation of these harmful..."
Ranchers Seek Positive Action from Incoming Bureau of Land Management Director
The Public Lands Council (PLC) and National Cattlemen’s Beef Association (NCBA) today issued the following statement on the Senate confirmation of Tracy Stone-Manning as Director of the Bureau of Land Management (BLM):
“The BLM has been without Senate-confirmed leadership for multiple years, so last night's confirmation is an important step for an agency that manages hundreds of millions of acres across the West. Public lands ranchers are ready to get to work with Director Stone-Manning, especially because the mission of the BLM is critical to the..."
Portillo's Announces Filing of Registration Statement for Proposed Initial Public Offering
Portillo's Inc. ("Portillo's") today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Portillo's has applied to list its shares of Class A common stock on the Nasdaq Global Select Market under the ticker symbol "PTLO." The offering is subject to...
Kroger Chairman and CEO Rodney McMullen Delivers Opening Keynote at Groceryshop
The Kroger Co. Chairman and CEO Rodney McMullen took the stage in Las Vegas at Groceryshop, a leading U.S. event for the retail, grocery, and consumer packaged goods industries, for its annual conference during the opening keynote themed Kroger Delivers the Future of Grocery Shopping Now.
McMullen shared the company's continued focus on leading with fresh and accelerating with digital by leveraging its complementary assets to create innovative solutions for customers, a continually improving workplace for associates, and a more sustainable operation for the planet...
Blue Apron Files Registration Statement for Fully Backstopped Rights Offering
Blue Apron Holdings, Inc. today filed a registration statement with the Securities and Exchange Commission for its previously announced proposed fully backstopped equity rights offering, which represents $45.0 million of its planned $78.0 million capital raise.
As part of the $78.0 million capital raise, the company previously disclosed a planned $30.0 million investment by RJB Partners LLC, an affiliate of Joseph N. Sanberg, and a $3.0 million investment by Matthew B. Salzberg, Blue Apron’s co-founder and former board chair, on the same terms as...
Kraft Heinz Statement on SEC Settlement
“Kraft Heinz reached a settlement with the U.S. Securities and Exchange Commission on September 3rd, concluding and resolving in its entirety the previously disclosed SEC investigation relating to activities in our procurement area prior to 2019. As reflected in the SEC’s Order, those activities included misconduct by certain procurement employees who engaged in manipulation of supplier agreements in order to achieve group and individual performance targets tied to bonuses. The impact of the 59 transactions at issue in the Order did not affect the Company’s reported Adjusted EBITDA by more than 1 percent in..."
Perspectives: Looking at Volatility in Natural Gas Markets with APPI Energy
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Rising Inflation, Relentless Pandemic Dampen U.S. Consumer Confidence