SoftBank, Temasek Among eFishery Investors Facing Near Wipeout
The company, which deploys feeders to fish and shrimp farmers in Indonesia, incurred several hundred million dollars in losses between 2018 and 2024 and misrepresented its financial figures for years, according to the documents and a person familiar with the matter who asked not to be identified because the information isn't public.
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Business Insider
an hour ago
- Business Insider
FDA recommends Walmart recall certain Great Value raw frozen shrimp
Certain raw frozen shrimp products processed by PT. Bahari Makmur Sejati, doing business as BMS Foods, a company located in Indonesia, and sold at Walmart (WMT) stores in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Missouri, Mississippi, Ohio, Oklahoma, Pennsylvania, Texas and West Virginia. These products include the following product names, lot codes, and best by dates: Great Value brand frozen raw shrimp, lot code: 8005540-1, Best by Date: 3/15/2027; Great Value brand frozen raw shrimp, lot code: 8005538-1, Best by Date: 3/15/2027 and Great Value brand frozen raw shrimp, lot code: 8005539-1, Best by Date: 3/15/2027. FDA is actively investigating reports of Cesium-137 contamination in shipping containers and frozen shrimp products processed by BMS Foods of Indonesia. The U.S. Customs & Border Protection alerted FDA to the detection of Cs-137 in shipping containers at four U.S. ports. FDA collected multiple samples for radionuclide analysis, with results confirming the presence of Cs-137 in one sample of breaded shrimp. All containers and product testing positive or alerting for Cs-137 have been denied entry into the country. The agency continues to coordinate with CBP to prevent any contaminated products from reaching consumers and is working with Indonesian seafood regulatory authorities to investigate the root cause of the contamination. Although testing to date has not confirmed the presence of contamination in any product in commerce, the product appears to have been prepared, packed, or held under insanitary conditions whereby it may have become contaminated with Cs-137 and may pose a safety concern. To date, FDA has learned that Walmart has received implicated raw frozen shrimp, imported after the date of first detection of Cs-137 by CBP, but from shipments that did not alert for Cs-137. FDA has recommended Walmart recall this product. Elevate Your Investing Strategy:
The Hill
9 hours ago
- The Hill
FDA warns of potentially radioactive frozen shrimp sold at Walmart
The Food and Drug Administration (FDA) is warning consumers not to eat, sell or serve frozen shrimp sold at Walmart due to potential radioactive contamination. The FDA was alerted by U.S. Customs & Border Protection (CBP) about the detection of Cesium-137, a radioactive isotope, in shipping containers at four U.S. ports: Los Angeles, Houston, Savannah, Ga., and Miami. The FDA collected multiple samples for analysis and the results confirmed the presence of Cs-137 in one sample of breaded shrimp distributed by Indonesia's BMS Foods, the agency said in a news release on Tuesday. 'Containers and product testing positive or alerting for Cs-137 have been denied entry into the country,' the FDA said in the update. 'The agency continues to coordinate with CBP to prevent any contaminated products from reaching consumers and is working with Indonesian seafood regulatory authorities to investigate the root cause of the contamination.' None of the shrimp that has entered the U.S. food supply has tested positive for Cs-137, the FDA said. The FDA suggested that all products from BMS Foods sent after the firm's containers tested positive for Cs-137 should be recalled, despite the products not testing positive for the radioactive isotope. Consumers should not eat or serve the following Great Value shrimp products sold at Walmart stores in Alabama, Arkansas, Florida, Georgia, Kentucky, Missouri, Misssisipi, Ohio, Oklahoma, Pennsylvania, Texas and West Virginia: Great Value brand frozen raw shrimp, lot code: 8005540-1, Best by Date: 3/15/2027 Great Value brand frozen raw shrimp, lot code: 8005538-1, Best by Date: 3/15/2027 Great Value brand frozen raw shrimp, lot code: 8005539-1, Best by Date: 3/15/2027. 'FDA has not detected Cs-137 in any product above the current derived intervention levels for Cs-137 (1200 Bq/kg); however, FDA has concluded that the level detected in the breaded shrimp sample could represent a potential health concern for those exposed to this level of Cs-137 from consumption of the shrimp over an extended period of time combined with radiation that exists in the environment and from other sources such as medical procedures,' the agency said on Tuesday.
Yahoo
11 hours ago
- Yahoo
Walmart shrimp recalled due to possible radioactive contamination, FDA says
The FDA is advising Walmart customers to throw out certain Great Value brand shrimp products. The U.S. Food and Drug Administration is warning the public about possibly radioactive shrimp being sold at Walmart locations. On Tuesday morning, the FDA advised Walmart customers in a press release not to 'eat, sell, or serve certain imported frozen shrimp' from an Indonesian distributor, BMS Foods, due to possible contamination with the radioactive isotope, Cesium-137. U.S. Customs and Border Protection detected Cesium-137, also known as Cs-137, in shipping containers at four ports in the United States. The FDA tested a sample of frozen shrimp from Indonesia's BMS Foods, which came back positive for Cs-137. No shrimp that has tested positive for Cs-137 has entered the U.S. food supply, per the FDA. The following Great Value brand frozen shrimp products have been recalled and should not be consumed or served: Great Value brand frozen raw shrimp, lot code: 8005540-1, best by date: March 15, 2027 Great Value brand frozen raw shrimp, lot code: 8005538-1, best by date: March 15, 2027 Great Value brand frozen raw shrimp, lot code: 8005539-1, best by date: March 15, 2027 The frozen shrimp product, per the FDA's press release, appears to have been 'prepared, packed, or held under insanitary conditions whereby it may have become contaminated with Cs-137 and may pose a safety concern.' For customers who've recently purchased any of the affected frozen shrimp products as described above, the FDA recommends that they be thrown out immediately. 'Distributors and retailers should dispose of this product and should not sell or serve this product,' the FDA warned. The FDA has also added Indonesia's BMS Foods to a new import alert for chemical contamination. Products from the firm will no longer enter the U.S. until they've 'resolved the conditions that gave rise to the appearance of the violation.' Solve the daily Crossword
