Tag: industry

  • Egg farmers facing the ‘worst bird flu outbreak’ in ‘history,’ industry leader fears

    Egg farmers facing the ‘worst bird flu outbreak’ in ‘history,’ industry leader fears

    American farmers and those in the agricultural business continue to reel over the spread of H5N1 bird flu, which apparently shows no sign of slowing to “disaster” status.

    “The real crisis is that we’re going through the worst bird flu outbreak that we’ve had in the last 10 years since 2015, potentially the worst bird flu outbreak that we’ve ever had in the history of this country,” Eggs Unlimited Vice President Brian Moscogiuri said on “Fox & Friends” Thursday.

    “We’ve lost 120 million birds since the beginning of 2022. In the last few months alone, since the middle of October, we’ve lost 45 million egg-laying hens,” he added. “We’ve lost a significant amount of production, more than 13%. So we’re just dealing with supply shortages. And it’s just a disaster right now because this virus is in three of the top egg-laying states in the country. It doesn’t seem like it’s stopping anytime soon.”

    According to the Centers for Disease Control and Prevention (CDC), bird flu detections have been made in dairy cattle, wild birds, poultry flocks and other mammals, while 68 human cases have been confirmed as well as one death.

    EGG PRICES AREN’T COMING DOWN ANYTIME SOON, EXPERTS SAY

    Companies recently started imposing limits on egg sales as the shortage caused by outbreaks persists, causing a frenzy among shoppers. Droves of viral videos have surfaced in recent weeks, showing shoppers stockpiling eggs. One video posted on TikTok claimed that an entire section of eggs at a Costco was gone in less than 10 minutes.

    A grocery store worker rearranges items in the depleted egg section on January 23, 2025 in Miami, Florida. (Getty Images)

    Other grocery and restaurant chains like Trader Joe’s, Korger, Whole Foods and Waffle House have been limiting customer purchases or adding egg surcharges as the nationwide supply dwindles.

    “We’re just trying to figure out, and the farmers are trying to figure out, how the virus is getting in… there’s several different catalysts, including wild migratory birds that have been flying over the country in the fall, in the spring each year… And we’re also wondering, is it in the ground? Is it in the air on these farms? Some of these farms that have been able to clean out and are working on repopulating have actually been hit again,” Moscogiuri said.

    “The farms really need help in identifying where the virus is coming in from, and then,” he expanded, “solutions to stopping the virus so that they can repopulate, resupply and ultimately help to bring the egg prices back down.”

    Since January, average egg prices have risen 15% and are up 53% year-over-year, data from the U.S. Department of Agriculture and Bureau of Labor Statistics shows.

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    Eggs Unlimited is one of the largest international suppliers of eggs, servicing major retailers, distributors and food service companies while also serving as a sort of egg “broker,” according to Moscogiuri. 

    Business is understandably “difficult” right now, he said. 

    “There’s less eggs available. Right now, we’re really focused on making sure that our customers are getting the orders and their supply, and making sure that they have eggs on their shelves. For consumers, [we’re] trying to limit their impact with the pricing and the supply chain shortages that we’re currently seeing right now.”

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    FOX Business’ Daniella Genovese contributed to this report.

  • Dem bill blames LA wildfire damage on fossil fuel emissions, holds oil and gas industry liable

    Dem bill blames LA wildfire damage on fossil fuel emissions, holds oil and gas industry liable

    California Democrats are attempting to make state oil and gas companies pay for damage caused by the Los Angeles wildfires, claiming that fossil fuel emissions are to blame for the deadly disaster.

    A new Democrat-introduced bill, the Affordable Insurance and Climate Recovery Act, if passed, would allow for “victims of climate disasters,” such as the L.A. fires, and insurance groups to sue oil and gas companies for damages under the claim that their emissions fueled the raging fires.

    Democrat state Sen. Scott Wiener, who introduced the bill this week, said that fossil fuel companies should pay for fire damage, because they are “driving the climate crisis.”

    “Californians shouldn’t be the only ones to pay the costs of devastating climate disasters. From last year’s floods to the fires in LA, we know that the fossil fuel industry bears ultimate responsibility for fueling these disasters,” state Sen. Scott Wiener wrote in a post on X announcing the legislation. 

    TRUMP MEETS WITH CALIFORNIA RESIDENTS, FIRE AND LAW ENFORCEMENT OFFICIALS TO SEE LA WILDFIRE DAMAGE FIRST HAND

    Flames from the Palisades Fire burn a building on Sunset Boulevard amid a powerful windstorm on Jan. 8, 2025, in the Pacific Palisades neighborhood of Los Angeles. (Apu Gomes)

    The bill, which received the backing of several state lawmakers, comes as Democrats have attempted to blame the recent fires on climate change rather than state and city policies, which have faced heightened criticism in the weeks following the deadly blaze.

    Just months before the wildfire, the city of Los Angeles slashed the fire department funding by over $17 million. The L.A. fire chief said that there are “not enough firefighters in L.A. County to address four separate fires of this magnitude.”

    NEWSOM THANKS TRUMP FOR COMING TO CALIFORNIA TO TOUR FIRE DAMAGE IN TARMAC FACE-OFF

    “We pay the highest taxes in California. Our fire hydrants were empty. Our vegetation was overgrown, brush not cleared. Our reservoirs were emptied by our governor because tribal leaders wanted to save fish. Our fire department budget was cut by our mayor. But thank god drug addicts are getting their drug kits,” actress Sara Foster wrote in a post on X. “@MayorOfLA @GavinNewsom RESIGN. Your far-left policies have ruined our state. And also our party.”

    US-POLITICS-TRUMP-CALIFORNIA-FIRE

    President Donald Trump and First Lady Melania Trump tour a fire-affected area in the Pacific Palisades neighborhood of Los Angeles on Jan. 24, 2025.  (Mandel Ngan)

    Trump used the power of his pen this week to sign an executive order to override the state’s environmental policies in order to create more water availability in the L.A. area. 

    In the executive order issued on Sunday, Trump called on federal agencies to override regulations potentially limiting water availability in the area, such as the Endangered Species Act (ESA), which seeks to minimize water infrastructure to protect certain fish species, such as the Delta smelt. 

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    The order comes just weeks after Trump accused Gov. Gavin Newsom, D-Calif., of caring more about protecting an endangered fish species than the state’s residents amid the wildfires.

  • Trump crypto czar David Sacks touts president’s executive order, says Biden drove industry offshore

    Trump crypto czar David Sacks touts president’s executive order, says Biden drove industry offshore

    President Donald Trump’s cryptocurrency czar, David Sacks, is celebrating after the president signed an executive order seeking to clarify regulations in the industry on Thursday, hailing his embrace of the industry while slamming the Biden administration for driving it away.

    In an exclusive interview with FOX Business’ “The Evening Edit” on Friday, Sacks said Trump’s actions showed he is following through on his campaign promise to make the U.S. the “crypto capital” of the world.

    Sacks said that Trump’s crypto EO directs his working group to produce a regulatory framework to encourage innovation and crypto in the U.S., rather than driving the industry to other countries.

    PROMINENT PRIVATE SECTOR INVESTMENTS MOUNT AMID TRUMP’S RETURN TO THE WHITE HOUSE

    “For the last four years, the Biden administration has basically prosecuted and persecuted crypto companies, really driving them offshore,” Sacks told host Edward Lawrence. “I’ve heard so many outrageous stories by founders, by entrepreneurs, the Biden administration would not tell them what the rules of the road were, and they would then get prosecuted. And what the industry wants more than anything else is regulatory clarity.”

    David Sacks

    David Sacks, CEO of Zenefits, speaks during 2016 TechCrunch Disrupt in San Francisco, California, U.S. September 13, 2016.  (REUTERS/Beck Diefenbach / Reuters)

    “They’re saying, just tell us what the rules are. We will abide by them,” Sacks said. And the Biden administration would never do that. And because of that, all the innovation was basically moving offshore, and America was about to lose this technology of the future.”

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    Trump’s order establishes the Presidential Working Group on Digital Asset Markets, which will develop a federal regulatory framework for digital assets, including stablecoins, and evaluate the creation of a strategic national digital assets stockpile. It will be chaired by the White House AI and crypto czar and include the treasury secretary, the chairman of the Securities and Exchange Commission (SEC), as well as other relevant department and agency heads.