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This market veteran offers a grim assessment on markets if Joe Biden's tax plan goes through should he win the presidency.
(Bloomberg) -- China said samples of imported shrimp tested positive for the coronavirus, raising questions again over whether the pathogen can spread through food or frozen products.The virus tested positive on both the inside and outside of the shrimp packaging, said China’s General Administration of Customs. The samples were from three Ecuadorian plants, and imports from those processors will be halted, it said.“The test result doesn’t mean the virus is contagious, but reflects the loopholes in companies’ food safety regulations,” said Bi Kexin, director of the food import and export safety bureau in the customs department. “Customs will further strengthen control of the origins of imported cold-chain food.”China last month pointed to imported salmon as a possible culprit for Beijing’s fresh Covid-19 outbreak, sparking a boycott of the fish as supermarkets took the produce off their shelves. China also began mass testing of cold food imports at ports, and blocked shipments from meat plants abroad that reported infections among workers.Evidence suggests that it’s extremely unlikely for the virus to be transmitted through food, said Gorjan Nikolik, associate director of seafood at Rabobank.“It’s a typical food scare” he said. “I expect them to be very short-lived.”Low RiskChinese officials have also agreed with global experts that imported food poses a low risk of transmitting the virus. That’s led to confusion overseas over why China is continuing to test and halt shipments.The tests are “an important measure to prevent the risk of the virus being transmitted from imported cold chain food channels,” Bi said. “This is a necessary measure taken to protect the health of the people and does not interrupt normal international trade.”Employees in some countries are still working even after becoming infected with the virus, raising the risk of food contamination, Bi said. Because there are epidemic clusters at some overseas facilities, China halted meat imports from a total of 23 plants, including Brazil, the U.K., the U.S. and Germany, he said.For shrimp, China is a much bigger buyer than it is for salmon, Rabobank’s Nikolik said. Chinese purchases are on the same scale as the U.S. and Europe, and Ecuador is a leading supplier, he said.China’s customs authorities also tested a total of 227,934 samples and the rest of the samples were negative, it said. The shrimps that tested positive were delivered to ports in Dalian and Xiamen and have been destroyed, it said.(Updates with Rabobank comment)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- U.S.USA TODAY
An Arizona teacher is dead after contracting COVID-19. Two others tested positive after teaching in the same classroom. They hope schools stay closed.
There has been a wave of calls to boycott Goya Foods after its CEO Robert Unanue said we are "truly blessed" to have a leader like Donald Trump.
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The maternal mortality rate has been on the rise since the 1990s — especially among women of color
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Perched on the May River, the grandeur of 135 Gascoigne Bluff Road is evident from the moment you pull up to this nine bedroom home, recently listed with Sotheby's International Realty. The Lowcountry hideaway sits on five acres and comes with a pool, tennis court, gym, and home theater. Flanked by centuries-old live oak trees and offering picturesque vistas of and access to the water, you'll likely be spending as much time as possible outside. Though, when you do head in, you've got nearly 11,500-square-feet at the ready, with no architectural flourish or design detail overlooked. Let's step inside and see what marvels await down by the river.
- PoliticsYahoo Money
Treasury Secretary Steven Mnuchin on Thursday hinted that a second round of stimulus checks could be passed by the end of the month.