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Just the Facts, from multiple news sources.

Business News

Business news, market updates, and economic developments

Nutrition Company Recalls Baby Formula After Botulism Warning

Nutrition Company Recalls Baby Formula After Botulism Warning

Summary

ByHeart, a baby nutrition company, has recalled two batches of its infant formula following an FDA investigation into infant botulism cases. While there is no confirmed link between the formula and the illnesses, ByHeart is taking cautious steps to ensure safety. The recall affects specific batches and consumers can get free replacements.

Key Facts

  • ByHeart recalled two batches of its Whole Nutrition Infant Formula.
  • The recall is a precaution after the FDA's investigation into 83 infant botulism cases.
  • No ByHeart products have tested positive for contamination.
  • The affected batches have specific codes and use-by dates for identification.
  • Infant botulism is serious but rare, and no direct link to formula has been found.
  • Parents are advised to watch for symptoms like constipation and weak cry and seek medical help if needed.
  • Consumers with recalled formula should stop using it and can get replacements.
  • ByHeart is working with the FDA and retailers to manage the recall.
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Salt-N-Pepa Inducted Into Rock and Roll Hall of Fame Amid Fight for Masters

Salt-N-Pepa Inducted Into Rock and Roll Hall of Fame Amid Fight for Masters

Summary

Salt-N-Pepa were inducted into the Rock & Roll Hall of Fame and used the occasion to talk about their ongoing legal battle with Universal Music Group over ownership of their master recordings. The rap duo claims that the company wrongly kept control of their music rights despite notices they filed to terminate UMG's ownership. They are seeking over $1 million in damages and want their music returned to streaming platforms.

Key Facts

  • Salt-N-Pepa were inducted into the Rock & Roll Hall of Fame, with Missy Elliott leading their tribute.
  • The duo is in a legal fight with Universal Music Group (UMG) over their master recordings.
  • The lawsuit, filed earlier this year, claims UMG did not honor copyright termination notices.
  • Salt-N-Pepa alleges their music was removed from streaming platforms due to this dispute.
  • They seek damages exceeding $1 million and a legal ruling to affirm their rights to the music.
  • UMG claims the recordings are not eligible for termination and has offered mediation and compensation.
  • The duo has expressed readiness for a mutually acceptable resolution.
  • Salt-N-Pepa stressed the importance of artist ownership and creative rights during their acceptance speech.
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YouTube TV Makes Promise Before Eagles-Packers on 'Monday Night Football'

YouTube TV Makes Promise Before Eagles-Packers on 'Monday Night Football'

Summary

YouTube TV announced it will remove ABC and ESPN channels because they couldn't reach a new agreement with Disney. If the channels are off YouTube TV for a long time, customers will get a $20 credit. Discussions to fix the issue are still ongoing.

Key Facts

  • YouTube TV plans to remove ABC and ESPN due to a failed agreement with Disney.
  • Disney and YouTube TV have not agreed on new terms for carrying these channels.
  • As of October 30, 2025, channels like ABC and ESPN are not available on YouTube TV.
  • A $20 credit will be given to customers if the channels don't return soon.
  • YouTube TV has promised customers this credit if no deal is made by the upcoming Sunday.
  • Viewers missed two weekends of college football and one Monday Night Football game.
  • There are ongoing talks to reach an agreement before another Monday Night Football game.
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Mega Millions Hits $900M: What to Know About Tuesday's Drawing

Mega Millions Hits $900M: What to Know About Tuesday's Drawing

Summary

The Mega Millions lottery jackpot has reached $900 million after no winner emerged in the recent draw. This is the eighth-largest jackpot in Mega Millions history. Players have the option to take the prize as a lump sum of $415.3 million or in 30 annual payments totaling $900 million, both before taxes.

Key Facts

  • The Mega Millions jackpot has reached $900 million after a long streak of no grand winners.
  • This jackpot marks the 38th time it has rolled over since the last grand prize was won on June 27.
  • The jackpot is the eighth-largest in Mega Millions history.
  • The odds of winning the jackpot are about 1 in 290.5 million.
  • Winners can choose between a lump sum of $415.3 million or 30 annual payments totaling the full jackpot amount.
  • Federal taxes automatically deduct 24% from the winnings, with potential additional state taxes.
  • The lottery ticket costs $5 and involves picking numbers from two sets of pools.
  • Jackpot drawings happen on Tuesdays and Fridays at 11 p.m. Eastern Time.
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Supermarket Billionaire Threatens New York Exit After Mamdani Win

Supermarket Billionaire Threatens New York Exit After Mamdani Win

Summary

John Catsimatidis, a wealthy owner of grocery stores in New York City, is considering moving his business to Florida after Zohran Mamdani was elected mayor. Catsimatidis is concerned about Mamdani's plan to introduce city-run grocery stores, which he believes could hurt private businesses. These new stores would not pay rent or taxes, which could give them an advantage over private competitors.

Key Facts

  • John Catsimatidis is a billionaire with a net worth of $4.8 billion and owns Red Apple Group.
  • Zohran Mamdani, the new mayor of New York City, plans to start city-run grocery stores to help reduce grocery costs.
  • These city-run stores would not pay rent or property taxes, allowing them to sell groceries at lower prices.
  • Catsimatidis is thinking about moving his business to Florida due to these new policies.
  • He previously threatened to move to New Jersey but stayed after a new governor was elected.
  • Business leaders in New York worry these policies could push companies out of the city, affecting jobs and services.
  • Catsimatidis also expressed concerns about increased shoplifting and reduced profits in his stores.
  • President Donald Trump commented on the situation, stating that Mamdani wants to take over Catsimatidis's grocery stores.
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Four Signs Your Coworkers Have No Life Outside of Work

Four Signs Your Coworkers Have No Life Outside of Work

Summary

A woman named Sara Lindquist from Minnesota shared insights on spotting coworkers who focus too much on their jobs and neglect personal lives. She became known for a TikTok video explaining four signs of this behavior, which went viral. These behaviors often lead to burnout and loss of personal identity, especially in certain high-demand professions.

Key Facts

  • Sara Lindquist is a career-wellness coach who talks about work-life balance.
  • She highlighted four signs that a coworker may not have a life outside of work.
  • These signs include making work their entire personality, taking work personally, avoiding rest, and lacking identity beyond their job.
  • This behavior is called "career enmeshment," where job performance affects self-worth.
  • Lindquist believes some professions, like law and tech, show these patterns more due to their high-pressure environments.
  • The video she posted gained over 1.7 million views and sparked widespread online discussions.
  • Lindquist advises setting healthy boundaries and valuing one’s identity outside of work to avoid these issues.
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Wendy's Set To Close Hundreds of US Restaurants: What We Know

Wendy's Set To Close Hundreds of US Restaurants: What We Know

Summary

Wendy's plans to close between 200 and 350 restaurants in the U.S. by 2026. The company will focus on closing locations that are not performing well. The goal is to help boost sales and profits for remaining restaurants.

Key Facts

  • Wendy's will close hundreds of restaurants in the U.S.
  • The company has about 6,000 locations nationwide.
  • Between 200 and 350 restaurants will shut down.
  • Closures will target locations that are not making enough money.
  • The plan aims to increase sales and profits at other, better-performing restaurants.
  • Closures will start this year and continue through 2026.
  • Specific locations set for closure were not disclosed.
  • Wendy's previously closed 140 restaurants in 2024.
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National Fried Chicken Sandwich Day: List of Restaurant Deals

National Fried Chicken Sandwich Day: List of Restaurant Deals

Summary

Various fast-food chains in the U.S. are offering deals for National Fried Chicken Sandwich Day. This unofficial holiday falls on November 9, and restaurants like Burger King, KFC, and Popeyes have special offers for customers, typically requiring a purchase and membership in their rewards programs.

Key Facts

  • National Fried Chicken Sandwich Day is on November 9.
  • Burger King offers a free Royal Crispy Chicken Sandwich with a $5 purchase for Royal Perks members on November 9.
  • Carl’s Jr. gives a free chicken sandwich with a $1 purchase the same day.
  • Jollibee provides buy-one-get-one-free chicken sandwiches for Jollibee Rewards members.
  • KFC offers a free chicken sandwich with any $1+ purchase from November 7-9 for KFC Rewards Members.
  • McDonald's sells $2 McCrispy Sandwiches on November 9 at certain locations.
  • Popeyes has a free chicken sandwich offer with a $10 purchase available until November 9 for rewards members.
  • Shake Shack offers a free Chicken Shack with a $10 purchase on any Sunday through their app or website.
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Deodorant is Getting More Expensive

Deodorant is Getting More Expensive

Summary

Deodorant prices are rising, which has caught the attention of many people online. Factors contributing to the increase include tariffs introduced by President Donald Trump and the overall cost of living pressures caused by inflation.

Key Facts

  • Deodorant prices are increasing, sparking online discussions.
  • President Trump announced new tariffs, raising the cost of many goods, including deodorant.
  • The Consumer Price Index, a measure of inflation, increased by 0.1 percent in September.
  • The U.S. annual inflation rate is at 3 percent, above the Federal Reserve's 2 percent target.
  • In August, Trump expanded tariffs on imported steel and aluminum to cover 400 more product categories.
  • High price margins in beauty products may also contribute to deodorant price increases.
  • Professor Jagmohan Raju noted that price increases might be due to manufacturers and retailers taking advantage of the situation.
  • There are discussions on social media about the rising costs of everyday items like deodorant.
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India is world’s second-largest shrimp producer. That is now under threat

India is world’s second-largest shrimp producer. That is now under threat

Summary

Shrimp farmers in India are facing challenges due to high tariffs imposed by the United States, affecting shrimp prices and profitability. India, as the second-largest shrimp producer globally, relies heavily on the U.S. market but fears losing it due to these tariffs. Farmers are taking risks by growing extra shrimp crops, which increases the chance of disease and financial loss.

Key Facts

  • India is the world's second-largest shrimp producer, after Ecuador.
  • The U.S. is a major market for Indian shrimp, taking 48% of its shrimp exports.
  • U.S. tariffs on Indian shrimp include duties totaling 58.26%.
  • Shrimp prices have fallen from 300 rupees to 230 rupees per kilogram.
  • The cost to produce shrimp remains high at 275 rupees per kilogram, resulting in losses.
  • Shrimp farming in India employs around 10 million people.
  • Farmers have expressed concerns about ongoing losses and potential market exit.
  • Importation of brood stock from the U.S. sometimes results in low-quality seeds that lead to disease.
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Shoppers are turning to Shein - but some still can't leave Primark

Shoppers are turning to Shein - but some still can't leave Primark

Summary

In the UK, Primark's sales have dropped as online retailers like Shein and Vinted attract more shoppers with lower prices and home delivery. While Primark remains popular for basic items, some customers prefer the convenience and affordability of online shopping. The trend shows changing consumer behavior towards fast fashion and online marketplaces.

Key Facts

  • Primark's UK and Ireland sales fell by 3.1% due to a weak consumer environment.
  • Online platforms like Shein and Vinted offer lower prices and home delivery, appealing to younger shoppers.
  • Shein uses artificial intelligence (AI) to identify trends and launch new styles quickly.
  • Some shoppers still visit Primark for basics like socks, T-shirts, and cotton buds.
  • Primark states that 85% of its products are priced at £10 or less.
  • A survey found that 46% of UK women aged 16 to 34 bought from Shein in the past year.
  • Shein has opened pop-up shops in London and a permanent store in Paris to bolster its presence.
  • Some shoppers are concerned about fast fashion's environmental impact.
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Trump calls for probe of meat packers over beef prices

Trump calls for probe of meat packers over beef prices

Summary

President Donald Trump has called on the Justice Department to investigate meat-packing companies over concerns that they might be keeping beef prices high in the United States. He believes these companies might be involved in activities like price fixing, which is making beef expensive for consumers. Trump's focus on beef prices follows political challenges related to voters' worries about the cost of living and his handling of the economy.

Key Facts

  • President Trump asked for an investigation into meat-packing companies to see if they are keeping beef prices high.
  • He suspects activities such as illicit collusion and price manipulation might be involved.
  • Beef prices have been rising faster than general food inflation, with mince and steak prices significantly up from last year.
  • The declining cattle inventory due to droughts and reduced herd sizes is impacting supply.
  • Few large companies dominate the meat processing industry, with four firms controlling over 80% of the market.
  • There have been lawsuits against these companies, alleging they conspired to raise beef prices.
  • The Biden administration had previously ordered actions against corporate consolidation in the food sector, which Trump later revoked.
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Tesla plans to pay Musk $1tn - do they really need him that much?

Tesla plans to pay Musk $1tn - do they really need him that much?

Summary

Tesla's shareholders have approved a pay plan for Elon Musk worth up to $1 trillion, contingent on meeting specific goals over the next decade. Musk will not receive a regular salary and must accomplish ambitious targets, including significantly increasing Tesla's market value and producing numerous vehicles and robots.

Key Facts

  • Tesla shareholders agreed to a pay package for Elon Musk worth up to $1 trillion.
  • Musk will not get a salary but can earn this amount if he meets certain goals over 10 years.
  • Key targets include delivering 20 million cars and one million robots, as well as raising Tesla's market value from $1.4 trillion to $8.5 trillion.
  • The deal aims to ensure Musk stays with Tesla due to the critical role he plays in the company’s future.
  • Some Tesla shareholders and analysts believe Musk’s leadership is crucial to Tesla’s success and market value.
  • Musk’s package has drawn mixed reactions due to his political involvement, but investors see it as a small impact on Tesla's earnings.
  • There is no restriction in the agreement on Musk's political activities or public statements.
  • The board may have the flexibility to adjust targets if certain challenges arise.
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With government jobs report delayed, what other data reveals about the economy

With government jobs report delayed, what other data reveals about the economy

Summary

A private report shows 42,000 new jobs were created last month, while another report states over 150,000 jobs were cut in October. There is discussion about whether the government’s job measurement methods are still effective.

Key Facts

  • A private report found 42,000 new jobs were created in the past month.
  • Another report indicates over 150,000 jobs were cut in October.
  • The number of job cuts in October is the highest in over 20 years.
  • Discussion exists on whether government job measurement methods are outdated.
  • The labor market data from the government is currently delayed.
  • Analysts are reviewing both official and private job reports to understand the economy better.
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What does Elon Musk do with all his money?

What does Elon Musk do with all his money?

Summary

Elon Musk, known for his significant wealth, leads a relatively modest personal life despite his net worth. He previously owned several expensive homes but sold them to focus on his work, especially related to Mars and Earth. Musk enjoys unique cars and owns a valuable private jet collection.

Key Facts

  • Elon Musk's net worth surpassed $500 billion, making him the first to reach this amount.
  • Musk claims to live a simple life, staying in a $50,000 Texas home when not staying with friends.
  • He sold a multimillion-dollar real estate portfolio in Bel-Air, California, in 2020.
  • He famously bought Twitter for $44 billion in 2022.
  • Musk has a collection of unique cars and private jets worth millions.
  • He insists on focusing on his work with Mars and Earth, saying possessions weigh him down.
  • Musk re-acquired the historic Gene Wilder house in 2025 after selling it previously.
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Honda profits tumble as Trump tariffs weigh on the carmaker

Honda profits tumble as Trump tariffs weigh on the carmaker

Summary

Honda reported a 37% drop in profits for the first half of the fiscal year due to factors such as tariffs imposed by President Trump and unfavorable currency exchange rates. Although the company saw record sales in motorcycles, especially in Asia, it faced challenges from a global chip shortage, impacting vehicle production in North America and Mexico. Honda adjusted its profit expectations for the fiscal year, lowering it significantly compared to the previous year.

Key Facts

  • Honda's profit fell by 37% for the first half of the fiscal year through September.
  • The reported profit was 311.8 billion yen ($2 billion), down from 494.6 billion yen ($3.2 billion) the previous year.
  • Sales totaled 10.6 trillion yen ($69 billion), a decrease of 1.5% from the previous year.
  • Honda lowered its profit forecast for the fiscal year to 300 billion yen ($2 billion).
  • Tariffs led by President Trump resulted in a 164 billion yen ($1.1 billion) decline in operating profit.
  • Record motorcycle sales were achieved in Asia, with over nine million units sold.
  • Global vehicle sales at Honda were 1.68 million, down from 1.78 million the previous year.
  • Production was impacted by a chip shortage due to issues with Dutch-based company Nexperia, affecting North American and Mexican operations.
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The savings account offering 50% interest - with a catch

The savings account offering 50% interest - with a catch

Summary

A savings account is being advertised with an unusually high interest rate of 50%, but there is a condition involved. The details of this savings option are available on a BBC Sounds episode.

Key Facts

  • A savings account is promoting an interest rate of 50%.
  • There is a catch or condition linked to this high interest rate.
  • More information about this savings account can be found in a BBC Sounds episode.
  • The article discusses personal finance matters.
  • The program was featured on BBC Sounds 14 minutes ago.
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UnitedHealthcare, Fairview Health Disagree Over Rates Amid Contract Talks

UnitedHealthcare, Fairview Health Disagree Over Rates Amid Contract Talks

Summary

UnitedHealthcare and Minnesota’s Fairview Health are in talks over contract terms for commercial policyholders. The discussions involve issues like rate changes and administrative practices, which could impact over 125,000 commercial patients if no agreement is reached. Medicare Advantage plans will stay in-network after a separate deal was made.

Key Facts

  • UnitedHealthcare and Fairview Health are negotiating a new contract for commercial insurance plans.
  • Fairview Health operates 10 hospitals, including the University of Minnesota Medical Center.
  • Over 125,000 commercial patients could be affected if a new agreement isn't reached by the end of the year.
  • Fairview wants rate increases to cover rising costs due to inflation, labor shortages, and the pandemic.
  • Without a deal, Fairview will be out-of-network for UnitedHealthcare’s commercial plans starting January 1, 2026.
  • Medicare Advantage plans remain in-network after a one-year agreement.
  • UnitedHealthcare claims Fairview's proposed rate hike would greatly increase costs for local employers.
  • UnitedHealthcare alleges Fairview uses false information in negotiations, similar to previous Medicare Advantage talks.
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Elon Musk is in line for a $1 trillion pay package - but what does that look like?

Elon Musk is in line for a $1 trillion pay package - but what does that look like?

Summary

Tesla CEO Elon Musk has been approved for a potential pay package worth $1 trillion. This amount is dependent on meeting specific goals set for the company.

Key Facts

  • Elon Musk is the CEO of Tesla, a company that makes electric cars and other energy products.
  • A pay package worth $1 trillion has been approved for him.
  • Musk's compensation depends on hitting specific company performance targets.
  • The amount is very large, and its scale is hard to comprehend.
  • The article includes a quiz to help readers understand what a trillion looks like.
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What’s in Elon Musk’s bumper $878bn pay package?

What’s in Elon Musk’s bumper $878bn pay package?

Summary

Elon Musk could receive up to $878 billion over the next decade if he meets specific performance goals at Tesla. These goals include boosting vehicle production and increasing the company's market value. Musk's payment plan ties him to Tesla for the next 10 years and has already been approved by a significant majority of shareholders.

Key Facts

  • Elon Musk's potential pay package is worth up to $878 billion, contingent on hitting performance targets.
  • The plan was approved by more than 75% of Tesla shareholders at a meeting.
  • Musk's targets include producing 20 million vehicles in 10 years and launching 1 million robotaxis.
  • Other goals include Tesla's market value increasing up to $8.5 trillion by 2035.
  • Musk is required to maintain Tesla's market valuation and accomplish several operational milestones to receive this payment.
  • Tesla shares rose by 2% after the announcement, with a 62% increase over six months.
  • The board believes this payment plan is crucial to keep Musk at Tesla and further develop technologies like AI.
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