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-6.11471199707675E-05 -0.00036688271982391 -0.000183441359911955 0.000244588479882549 -0.00073376543964782 0.000489176959765098 -0.000489176959765272 0.0025681790387672
Stock impact report

McCormick dropping food dyes under pressure from RFK Jr, US regulators [FOX Business Network]

McCormick & Company, Incorporated (MKC) 
Last mccormick & company, incorporated earnings: 3/31 06:30 am Check Earnings Report
McCormick is working to reformulate products to remove certain ingredients like food dyes that have been scrutinized by Health and Human Services Secretary Robert F. Kennedy Jr. and some U.S. food regulators as part of an effort to make a healthier America. McCormick CEO Brendan Foley told analysts of the activity during an earnings call on Tuesday. "We are seeing a tick-up in reformulation activity," Foley said, regarding food dyes and sodium, the latter of which he added they've always been working on. Foley continued that such activity was occurring "across our customer base, but also a lot of new product activity, too." McCormick manufactures and distributes spices, seasoning mixes, condiments and other flavoring products to consumers and businesses. Foley said, however, that little of its portfolio makes use of food dyes. The reformulation activity comes as the Make America Healthy Again (MAHA) movement takes root across the country. The agenda aims to improve nutritio Show less Read more
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