The U.S. Food and Drug Administration (FDA) is providing notice that the stay of the effective date for the final rule amending the color additive regulations to allow for the safe use of soy leghemoglobin as a color additive in ground beef analogue products is now lifted. The final rule was published in the Federal Register on Aug. 1, 2019, with an effective date of Sept. 4, 2019. The agency received multiple comments before the deadline of Sept. 3, 2019, including one submission containing objections to the final rule and request for a hearing. Under the law, the effective date of the final rule was stayed until the FDA took final action on the objections.
The FDA reviewed the objections by the Center for Food Safety (CFS), a public advocacy organization, and concluded that they did not raise genuine and substantial issues of fact and did not provide any substantive evidence that would justify a hearing or otherwise provide a basis for revoking the amendment to the regulations. Therefore, the request for the hearing was denied and the final rule adding the regulation is now effective.
General Mills has reported results for the fourth quarter and fiscal year that ended May 31, 2020.
According to The Wall Street Journal, Bayer AG said it would pay up to $10.9 billion to settle tens of thousands of lawsuits with U.S. plaintiffs alleging the company’s Roundup herbicide causes cancer, a milestone in the German company’s legal battle that has been weighing down its share price for nearly two years.
According to Reuters, U.S. supermarket operator Albertsons decided to go ahead with a downsized $800 million initial public offering (IPO) on June 25, the culmination of multiple attempts by its private equity owner Cerberus Capital Management LP to cash out.
PepsiCo has published its 2019 Sustainability Report, highlighting progress toward its sustainability goals and reaffirming the company’s plan to help build a more sustainable food system.
According to Reuters, U.S. grocery retailer Albertsons has said its initial public offering would be on target to raise up to $1.32 billion.
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