$2.5T has been wiped from US stocks
U.S. stocks have lost $2.5 trillion in market value. The available content gives no details about when it happened or what caused the decline. (reddit.com)
An undercover investigation by Animal Justice Project has put Arla, one of the UK’s largest dairy companies, under renewed scrutiny. Footage from 15 farms supplying the company reportedly shows cows kicked or hit with metal bars, cattle dragged by machinery or made to walk in shackles, and animals kept in filthy conditions. An independent expert identified up to 360 possible breaches of welfare laws and farm-assurance standards. The farms supply products and businesses connected to Tesco, Morrisons and Starbucks. Arla says it has opened an urgent investigation; Tesco suspended farms in its supply chain while investigating, and Morrisons and Starbucks called the footage deeply concerning. The revelations follow an earlier undercover probe that led Arla to suspend a Yorkshire supplier.
The investigation also places the allegations within the growth of industrial dairy farming in Britain. The number of farms keeping some or all cattle indoors has more than doubled in a decade, as has the number of “megadairies,” which can house up to 2,600 cows. Arla sources from such farms, including a Cornwall operation previously linked to slurry pollution. Large cattle units are also associated with substantial waste: nearly one in five of the largest intensive farms had been linked to pollution incidents, according to the investigation’s analysis. The environmental concerns extend overseas, where demand for soya feed connects British dairy to deforestation in Brazil’s Amazon and Cerrado regions. The findings argue that Arla’s welfare record and supply-chain oversight deserve closer public attention, alongside scrutiny of the wider industry’s impacts.
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U.S. stocks have lost $2.5 trillion in market value. The available content gives no details about when it happened or what caused the decline. (reddit.com)
Chip stocks plunged as Wall Street headed for its worst post-midterm Election Day performance since 1896. The provided page contains no further details about the selloff or its causes. (finance.yahoo.com)
California Gov. Gavin Newsom commuted the death sentences of all 548 people on the state’s death row to life in prison. The move is largely symbolic because California has not executed anyone since 2006, but it could reduce court costs. (bbc.com)
California Gov. Gavin Newsom commuted the death sentences of all 548 people on the state’s death row to life without parole, citing his opposition to capital punishment. Prosecutors and victims’ advocates are expected to challenge the blanket commutation, which affects about one-quarter of death sentences nationwide. (nytimes.com)
A selloff in AI stocks rattled Wall Street. The S&P 500 fell more than 3%. (apnews.com)
An anonymous seller is auctioning about $500 million in data center loans, including debt tied to OpenAI’s Stargate project and operators Vantage and CyrusOne. The sale reflects growing investor concern that AI infrastructure spending and data center projects face mounting financial and political risks. (bloomberg.com)
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