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Economic Times
02-08-2025
- Health
- Economic Times
Nationwide butter recall in US as FDA issues urgent health warning to customers. Check details
AP The affected cases were distributed to 12 distribution centers across the United States and one center in the Dominican Republic. Issuing the second-highest risk warning, the US Food and Drug Administration (FDA) has recalled butter across the nation due to a potential undeclared allergen. Based in Missouri, Bunge North America Inc., a voluntary recall of 64,800 pounds of its NH European Style Butter Blend on July 14 was initiated. This is because milk may have not have been listed on the product, reports NewsWeek. The FDA later issued a Class II risk classification for the recall on Thursday. The FDA considers Class II recalls to be situations 'in which use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote.' A Class II risk classification (one of three) refers to a situation in which the "use of or exposure to a violative product may cause temporary or medically reversible adverse health consequences or where the probability of serious adverse health consequences is remote," according to the FDA. ALSO READ: Tropical Storm Gil strengthens to become hurricane, urgent alert issued for Hawaii, California travellers As defined in the law, milk is one of the nine major food allergens. The other items include eggs, fish, crustacean shellfish, tree nuts, peanuts, wheat, soybeans, and sesame. Allergic reactions vary in severity from mild symptoms, such as hives and lip swelling, to life-threatening complications, such as anaphylaxis, that may include fatal respiratory problems. The recalled item is NH European Style Butter Blend, totaling 64,800 Code: 1 00 78684 73961 2Lot Code: 5064036503Packaging: White paperboard cases, each containing 36 affected cases were distributed to 12 distribution centers across the United States and one center in the Dominican Republic. ALSO READ: Trading and cooking event update: How to make cooking recipe in Grow a Garden The FDA, on its website: "People with food allergies should read labels and avoid the foods they are allergic to. The law requires that food labels identify the food source of all major food allergens used to make the food." The Mayo Clinic, on its website: "Milk allergy is an atypical immune system response to milk and products containing milk. It's one of the most common food allergies in children. Cow's milk is the usual cause of milk allergy, but milk from sheep, goats, buffalo and other mammals also can cause a reaction. ALSO READ: Sydney Sweeney and her American Eagle ad campaign face social media storm: Story in 10 points "An allergic reaction usually occurs soon after you or your child consumes milk. Signs and symptoms of milk allergy range from mild to severe and can include wheezing, vomiting, hives and digestive problems. Milk allergy can also cause anaphylaxis — a severe, life-threatening reaction."Dr. Sebastian Lighvani, director of New York Allergy & Asthma PLLC, previously told Newsweek: "Every three minutes in the United States, someone ends up in an emergency room because of an allergic reaction after accidental ingestion of food. So even when we try hard, these reactions are happening. And if you look at the incidence of anaphylaxis, it has skyrocketed in the last five, 10, 20 years. And in the U.S., there's like a 300 to 400 percent increase in the rates of anaphylaxis to foods."
Yahoo
01-08-2025
- Business
- Yahoo
Should You Buy the Post-Earnings Pop in Roblox Stock?
Roblox (RBLX) shares closed over 10% higher on Thursday after the video game firm reported a strong Q2 reflecting its 'strategic investments in infrastructure, performance, discovery, and the virtual economy.' RBLX shares rallied today also because the company's management raised its booking guidance to a much better-than-expected $1.615 billion in the third quarter. More News from Barchart With UnitedHealth Under DOJ Investigation, Should You Buy, Sell, or Hold UNH Stock Now? Trump Won't Take Away Tesla's Subsidies. Does That Make TSLA Stock a Safe Buy Here? Can AMD Stock Hit $210 in 2025? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Roblox stock has been on an absolute tear over the past four months – and is now up more than 175% versus its year-to-date low set in early April. Is Q2 Report a Strong Enough Reason to Buy Roblox Stock? The RBLX earnings release brings several reasons for investors to consider owning this gaming stock for the long term. For example, the NYSE-listed firm said it ended the second quarter with 111.8 million daily active users (DAUs), up a whopping 41% on a year-on-year basis and well above the 106 million expected. Meanwhile, hours engaged went up 58% in Q2 to 27.4 billion as well. In the earnings release, CEO David Baszucki said Roblox wants to own at least 10% of the global gaming content market. His long-term target indicates commitment to continued momentum, which may translate to a further increase in RBLX share price over time. Canaccord Analysts Raise Price Target on RBLX Shares Roblox's strong second-quarter report made Canaccord Genuity analysts raise their price target on its stock to $160, indicating potential upside of another 17% from here. According to the investment firm, viral experiences like 'Grow a Garden' that drive cross-platform activity, artificial intelligence-powered discovery tools that boost engagement, and infrastructure investments that support scalability will drive RBLX stock up further in the second half of 2025. With revenue growing at a fast clip, the company's monetization potential through advertising and commerce is compelling, the analysts added. They agreed that Roblox shares are currently trading at a premium valuation, but said a rare blend of growth and margin expansion warrants owning them still. Other Wall Street Analysts Recommend Cutting Exposure to Roblox Not all Wall Street analysts are as constructive on Roblox stock as Canaccord Genuity, though. According to Barchart, the consensus rating on RBLX shares currently sits at 'Moderate Buy' with the mean target of $104.42 actually signaling potential downside of nearly 25% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
