Latest news with #Colgate-PalmoliveCo.
Wall Street Journal
15-05-2025
- Health
- Wall Street Journal
Ken Paxton's Fluoride Toothpaste Conspiracy
It's harder to tell the difference these days between Republicans and left-wing Democrats. Take Ken Paxton, the Texas Attorney General and Senate candidate whose idea of a good government cause is to sue . . . toothpaste makers. Mr. Paxton said last week he is investigating Colgate-Palmolive Co., which makes the Colgate brand paste, and Procter & Gamble, which makes Crest. Their offense? He says they've been 'marketing toothpaste products to parents and children in ways that are misleading, deceptive, and dangerous.' He's out to nail what he thinks is the vast fluoride toothpaste conspiracy. Mr. Paxton claims there is a 'statistically significant association' between children who ingested too much fluoride and lower IQ scores. He says the Centers for Disease Control and Prevention recommends only a 'rice-sized 'smear'' for three-years old and the American Dental Association (ADA) recommends 'no more than a pea-sized amount' for children between three and six. Guess who else endorses the pea-sized amount? The toothpaste sellers, who put the same recommendation clear as day on their children's toothpaste labels. The label on Crest Kids toothpaste says 'use a pea-sized amount in children under 6.' Mr. Paxton says he must act to ensure the toothpaste makers are not 'putting Texas families in peril through their false, misleading, and deceptive marketing.' But the CDC website says fluoride 'helps both children and adults prevent cavities.' The addition of fluoride to drinking water since 1962 is '1 of 10 great public health achievements of the 20th century.'
Yahoo
25-04-2025
- Business
- Yahoo
Colgate Cuts Sales, Profit View as Tariffs Add $200 Million Cost
(Bloomberg) -- Colgate-Palmolive Co. cut its growth and profit outlooks as tariffs are expected to add $200 million in costs this year. Trump Gives New York 'One Last Chance' to End Congestion Fee Why Car YouTuber Matt Farah Is Fighting for Walkable Cities Backyard Micro-Flats Aim to Ease South Africa's Housing Crisis The Racial Wealth Gap Is Not Just About Money To Fuel Affordable Housing, This Innovation Fund Targets Predevelopment Costs Organic sales are now expected to grow 2% to 4%, the toothpaste-maker said in a statement. Its previous long-term growth target was 3% to 5%. Analysts expected 3.4%. 'As we look ahead, uncertainty and volatility in global markets, including the impact of tariffs, remain challenging,' Chief Executive Officer Noel Wallace said. Numerous corporate chiefs have warned this earnings season that tariffs will result in higher costs for everyday items, with companies passing on increased input expenses to shoppers. Higher costs could further dampen consumer demand. For Colgate, tariffs will drive raw and packaging materials costs higher as commodity prices increase, according to its presentation. The gross margin, excluding some items, is expected to be little changed from the 60.6% Colgate reported last year. Previously, the company had seen it expanding, while advertising spending was steady as a percentage of sales. Analyst had forecast a minor expansion to almost 61%. Those changes will result in low-single digit earnings growth, whereas it previously projected low- to mid-single digit expansion. First-quarter organic sales growth fell short of analyst expectations as its North America business fell more than expected. Analysts has forecast the Asia Pacific division would grow 2.6%. It fell 3.1%. Shares edged lower in premarket trading. The stock was up 2% this year through Thursday's close. As More Women Lift Weights, Gyms Might Never Be the Same Why US Men Think College Isn't Worth It Anymore Eight Charts Show Men Are Falling Behind, From Classrooms to Careers India's 110% Car Tariffs Become Harder to Defend in Trump Era The Mastermind of the Yellowstone Universe Isn't Done Yet ©2025 Bloomberg L.P. Sign in to access your portfolio
