Business & Markets: Page 59

International Trade

Mexico to implement 50% tariff on white corn imports

The 50% import tax will be in place until December 31.

Business & Markets

Sustainable meat startup Do Good Foods files for bankruptcy

Do Good Foods, a climate-forward food company that upcycles leftover grocery store food into animal feed, filed for bankruptcy.

Commodities

Corn, soybean futures up on fears of Corn Belt drought

Although USDA’s latest numbers maintained trend-line yield estimates, rising futures markets told a different story last week.

Legal News

DSM-Firmenich takes legal action against 2nd Chinese firm

Company alleges Shandong Haineng Bioengineering is unlawfully using its patented technology.

Business & Markets

USDA invests $320M to strengthen food supply chains

Investments will come through 4 programs designed to create economic opportunities for people and businesses in rural areas

Mergers & Acquisitions

Alltech, Finnforel Oy acquire Finland’s only fish feed factory

Raisioaqua is now operating as Alltech Fennoaqua Oy

International Trade

Bill would safeguard US exports during FAD outbreak

Safe American Food Exports Act would codify USDA’s role in negotiating regionalization agreements for animal products

Legal News

Midwest Veterinary Supply to pay $11M over misbranded drugs

Company also sentenced to one year of probation after it pleaded guilty to introducing misbranded drugs into interstate commerce

Mergers & Acquisitions

Bunge, Viterra merge to form $34B agribusiness

As part of the $18 billion deal, Bunge shareholders will own about 70% of the combined company.

Mergers & Acquisitions

Report: Bunge sealing $30+ billion merger with Viterra

Talks to merge the two companies were announced May 25.

Legal News

DSM-Firmenich alleges patent infringement, takes legal action

Company has initiated legal action against a Chinese supplier and intermediate manufacturer of biotin

Mergers & Acquisitions

MidOcean Partners acquires QualiTech

Transaction designed to boost investment in growth opportunities across all businesses

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