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Kraft Heinz to remove all artificial dyes from its foods

Kraft Heinz to remove all artificial dyes from its foods

UPI5 days ago

June 17 (UPI) -- The Kraft Heinz company announced Tuesday it has begun the process to fully drop any artificial dyes being used in its foods in the United States.
What this may visually mean for its colorful powdered mix creations like Kool-Aid and Jell-O is unclear, but the company says its goal is to have all Food, Drug and Cosmetic colors out of its product portfolio by the end of 2027.
"The vast majority of our products use natural or no colors," said Kraft Heinz North America President Pedro Navio in a press release, "and we've been on a journey to reduce our use of [Food, Drug and Cosmetic] colors across the remainder of our portfolio."
Navio also pointed out that the company had already taken out "artificial colors, preservatives, and flavors" from its Kraft Mac & Cheese, and that its Heinz Tomato Ketchup has never had artificial dyes.
The company further noted in the release that almost 90% of Kraft Heinz's American products are already free of such colors and is" mobilizing a team" to help rid the dyes from the rest of its edibles.
The move comes after an April announcement from the U.S. Food and Drug Administration and Department of Health and Human Services that it will take measures to remove all petroleum-based synthetic dyes from American foods.
"Above all, we are focused on providing nutritious, affordable, and great-tasting food for Americans and this is a privilege we don't take lightly," added Navio.

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Here's how Iran could retaliate after US strikes on its nuclear program
Here's how Iran could retaliate after US strikes on its nuclear program

The Hill

timean hour ago

  • The Hill

Here's how Iran could retaliate after US strikes on its nuclear program

Iran has spent decades building multi-tiered military capabilities at home and across the region that were at least partly aimed at deterring the United States from attacking it. By entering Israel's war, the U.S. may have removed the last rationale for holding them in reserve. Thet could mean a wave of attacks on U.S. forces in the Middle East, an attempt to close a key bottleneck for global oil supplies or a dash to develop a nuclear weapon with what remains of Iran's disputed program after American strikes on three key sites. A decision to retaliate against the U.S. and its regional allies would give Iran a far larger target bank and one that is much closer than Israel, allowing it to potentially use its missiles and drones to greater effect. The U.S. and Israel have far superior capabilities, but those haven't always proven decisive in America's recent history of military interventions in the region. Ever since Israel started the war with a suprise bombardment of Iran's military and nuclear sites on June 13, Iranian officials from the supreme leader on down have warned the U.S. to stay out, saying it would have dire consequences for the entire region. It should soon be clear whether those were empty threats or a grim forecast. Here's a look at what Iran's next move might be. The Strait of Hormuz is the narrow mouth of the Persian Gulf, through which some 20% of all oil traded globally passes, and at its narrowest point it is just 33 kilometers (21 miles) wide. Any disruption there could send oil prices soaring worldwide and hit American pocketbooks. Iran boasts a fleet of fast-attack boats and thousands of naval mines that could potentially make the strait impassable, at least for a time. It could also fire missiles from its long Persian Gulf shore, as its allies, Yemen's Houthi rebels, have done in the Red Sea. The U.S., with its 5th Fleet stationed in nearby Bahrain, has long pledged to uphold freedom of navigation in the strait and would respond with far superior forces. But even a relatively brief firefight could paralyze shipping traffic and spook investors, causing oil prices to spike and generating international pressure for a ceasefire. The U.S. has tens of thousands of troops stationed in the region, including at permanent bases in Kuwait, Bahrain, Qatar and the United Arab Emirates, Arab Gulf countries just across the Persian Gulf from Iran — and much closer than Israel. Those bases boast the same kinds of sophisticated air defenses as Israel, but would have much less warning time before waves of missiles or swarms of armed drones. And even Israel, which is several hundred kilometers (miles) further away, has been unable to stop all of the incoming fire. Iran could also choose to attack key oil and gas facilities in those countries with the goal of exacting a higher price for U.S. involvement in the war. A drone attack on two major oil sites in Saudi Arabia in 2019 — claimed by the Houthis but widely blamed on Iran — briefly cut the kingdom's oil production in half. Iran's so-called Axis of Resistance — a network of militant groups across the Middle East, is a shadow of what it was before the war ignited by Hamas' Oct. 7, 2023, attack on Israel out of the Gaza Strip — but it still has some formidable capabilities. Israel's 20-month war in Gaza has severely diminished the Palestinian Hamas and Islamic Jihad groups, and Israel mauled Lebanon's Hezbollah last fall, killing most of its top leadership and devastating much of southern Lebanon, making its involvement unlikely. But Iran could still call on the Houthis, who had threatened to resume their attacks in the Red Sea if the U.S. entered the war, and allied militias in Iraq. Both have drone and missile capabilities that would allow them to target the United States and its allies. Iran could also seek to respond through militant attacks further afield, as it is widely accused of doing in the 1990s with an attack on a Jewish community center in Argentina that was blamed on Iran and Hezbollah. It could be days or weeks before the full impact of the U.S. strikes on Iran's nuclear sites is known. But experts have long warned that even joint U.S. and Israeli strikes would only delay Iran's ability to develop a weapon, not eliminate it. That's because Iran has dispersed its program across the country to several sites, including hardened, underground facilities. Iran would likely struggle to repair or reconstitute its nuclear program while Israeli and U.S. warplanes are circling overhead. But it could still decide to fully end its cooperation with the International Atomic Energy Agency and abandon the the Nuclear Nonproliferation Treaty. North Korea announced its withdrawal from the treaty in 2003 and tested a nuclear weapon three years later, but it had the freedom to develop its program without punishing airstrikes. Iran insists its program is peaceful, though it is the only non-nuclear-armed state to enrich uranium up to 60%, a short, technical step away from weapons-grade levels of 90%. U.S. intelligence agencies and the IAEA assess Iran hasn't had an organized military nuclear program since 2003. Israel is widely believed to be the only nuclear-armed state in the Middle East but does not acknowledge having such weapons. ___ Gambrell reported from Dubai, United Arab Emirates.

Business leaders from Bill Ackman to Jason Calacanis react to the US strike on Iran's nuclear sites
Business leaders from Bill Ackman to Jason Calacanis react to the US strike on Iran's nuclear sites

Business Insider

time3 hours ago

  • Business Insider

Business leaders from Bill Ackman to Jason Calacanis react to the US strike on Iran's nuclear sites

President Donald Trump on Saturday confirmed that US warplanes had executed "massive precision" airstrikes on three Iranian nuclear sites, in what he described in a press conference as a "spectacular military success." The military operation marks a significant escalation in the tensions between Iran and Israel and represents a new level of US involvement in the international conflict. Business leaders from Bill Ackman to Jason Calacanis reacted to the news. Bill Ackman Billionaire hedge fund manager Ackman, a longtime ally of the president's, was among the first to publicly react to the news with a post on X. "Thank you to our great military for its superb execution on ridding Iran of its nuclear threat," Ackman wrote shortly after the news broke. "All Americans are eternally grateful for you." Thank you to our great military for its superb execution on ridding Iran of its nuclear threat. All Americans are eternally grateful for you. — Bill Ackman (@BillAckman) June 22, 2025 He continued later, writing in a separate post: "To state the obvious, @realDonaldTrump's actions tonight are a lot better than relying on the IRGC's 'commitment' to not develop nuclear weapons." Jason Calacanis Serial entrepreneur Calacanis posted on X, "Five months into Trump's term, we're at war." In a subsequent post, he elaborated, saying that his initial statement was "just an observation, published without judgement." "We don't have the intelligence that our leaders have, so I will reserve judgement until we know more," Calacanis wrote. "It should be obvious to everyone, however, that no president can just stop conflicts on day one. We now have three conflicts were involved in." It's just an observation, published without judgement We don't have the intelligence that our leaders have, so I will reserve judgement until we know more. It should be obvious to everyone, however, that no president can just stop conflicts on day one. We now have three… — @jason (@Jason) June 22, 2025 Spencer Hakimian The founder of the hedge fund Tolou Capital Management responded to the strikes in a series of posts on social media, describing the US military operation as "completely undetectable," given that no flight trackers showed US military aircraft over Iran within 30 minutes of the strikes. "Say what you want," Hakimian wrote. "The United States military is A1 and there's not a close competitor at the moment." In a separate post, Hakimian added: "The most escalatory thing that Iran can do is not to bomb U.S. military bases in the Middle East. It's to close the Strait of Hormuz. And if that happens, Oil goes above $100 in the blink of an eye. Iran is no military match for the United States. But they can wreak havoc via inflation. Just like Russia in 2022." The most escalatory thing that Iran can do is not to bomb U.S. military bases in the Middle East. It's to close the Strait of Hormuz. And if that happens, Oil goes above $100 in the blink of an eye. Iran is no military match for the United States. But they can wreak havoc… — Spencer Hakimian (@SpencerHakimian) June 22, 2025 Shaun Maguire Maguire, a partner at Sequoia Capital, praised Trump as the "Greatest President of my lifetime." "You may just not realize it yet," Maguire wrote in a post on X, alongside a picture of Trump with his fist in the air after he was wounded during an assassination attempt in Butler, Pennsylvania. "Bulletproof instincts and nerves of steel." James Fishback A vocal supporter of Trump and cofounder of Azoria investment firm, Fishback praised the US strikes — and criticized those who expressed concern over the rising geopolitical tensions — in a series of posts on X. "Iran can't possibly think this is the start of a U.S. offensive. Trump's been clear from the start: they can't have a nuke. We just accomplished that. We're done here," Fishback said in one post. "If Iran chooses to retaliate against a clearly telegraphed, one-and-done strike, they'd be signing their own death warrant. Trump was right." In a separate post, he added: "The Fordow nuclear site was a uranium enrichment facility, not a mosque. Not everything is Islamophobia. Calm down. Leave your weird identity politics out of this."

Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites
Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites

USA Today

time3 hours ago

  • USA Today

Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites

NEW YORK - A U.S. attack on Iranian nuclear sites on Saturday could lead to a knee-jerk reaction in global markets when they reopen, sending oil prices higher and triggering a rush to safety, investors said, as they assessed how the latest escalation of tensions would ripple through the global economy. The attack, which was announced by President Donald Trump on social media site Truth Social, deepens U.S. involvement in the Middle East conflict. That was the question going into the weekend, when investors were mulling a host of different market scenarios. In the immediate aftermath of the announcement, they expected the U.S. involvement was likely to cause a selloff in equities and a possible bid for the dollar and other safe-haven assets when trading begins, but also said much uncertainty about the course of the conflict remained. Updates: U.S. hits Iran nuclear facilities, braces for counterattack While Trump called the attack "successful", few details were known. He was expected to address the nation later on Saturday. "I think the markets are going to be initially alarmed, and I think oil will open higher," said Mark Spindel, chief investment officer at Potomac River Capital. "We don't have any damage assessment and that will take some time. Even though he has described this as 'done', we're engaged. What comes next?" Spindel said. "I think the uncertainty is going to blanket the markets, as now Americans everywhere are going to be exposed. It's going to raise uncertainty and volatility, particularly in oil," he added. Spindel, however, said there was time to digest the news before markets open and said he was making arrangements to talk to other market participants. How will oil prices and inflation be affected? A key concern for markets would center around the potential impact of the developments in the Middle East on oil prices and thus on inflation. A rise in inflation could dampen consumer confidence and lessen the chance of near-term interest rate cuts. "This adds a complicated new layer of risk that we'll have to consider and pay attention to," said Jack Ablin, chief investment officer of Cresset Capital. "This is definitely going to have an impact on energy prices and potentially on inflation as well." While global benchmark Brent crude futures have risen as much as 18% since June 10, hitting a near five-month high of $79.04 on Thursday, the S&P 500 has been little changed, following an initial drop when Israel launched its attacks on Iran on June 13. Before the U.S. attack on Saturday, analysts at Oxford Economics modeled three scenarios, including a de-escalation of the conflict, a complete shutdown in Iranian oil production and a closure of the Strait of Hormuz, "each with increasingly large impacts on global oil prices." Israel-Iran timeline: How Israeli attack and Iranian retaliation unfolded In the most severe case, global oil prices jump to around $130 per barrel, driving U.S. inflation near 6% by the end of this year, Oxford said in the note. "Although the price shock inevitably dampens consumer spending because of the hit to real incomes, the scale of the rise in inflation and concerns about the potential for second-round inflation effects likely ruin any chance of rate cuts in the U.S. this year," Oxford said in the note, which was published before the U.S. strikes. In comments after the announcement on Saturday, Jamie Cox, managing partner at Harris Financial Group, agreed oil prices would likely spike on the initial news. But Cox said he expected prices to likely level in a few days as the attacks could lead Iran to seek a peace deal with Israel and the United States. "With this demonstration of force and total annihilation of its nuclear capabilities, they've lost all of their leverage and will likely hit the escape button to a peace deal," Cox said. Economists warn that a dramatic rise in oil prices could damage a global economy already strained by Trump's tariffs. Still, any pullback in equities might be fleeting, history suggests. During past prominent instances of Middle East tensions coming to a boil, including the 2003 Iraq invasion and the 2019 attacks on Saudi oil facilities, stocks initially languished but soon recovered to trade higher in the months ahead. On average, the S&P 500 slipped 0.3% in the three weeks following the start of conflict, but was 2.3% higher on average two months following the conflict, according to data from Wedbush Securities and CapIQ Pro. What will this mean for the US dollar? An escalation in the conflict could have mixed implications for the U.S. dollar, which has tumbled this year amid worries over diminished U.S. exceptionalism. In the event of U.S. direct engagement in the Iran-Israel war, the dollar could initially benefit from a safety bid, analysts said. "Do we see a flight to safety? That would signal yields going lower and the dollar getting stronger," said Steve Sosnick, chief market strategist at IBKR in Greenwich, Connecticut. "It's hard to imagine stocks not reacting negatively and the question is how much. It will depend on Iranian reaction and whether oil prices spike." (Reporting by Saqib Iqbal Ahmed, Lewis Krauskopf, Suzanne McGee and Saeed Azhar; Editing by Megan Davies, Diane Craft, Peter Henderson, Marguerita Choy and Jamie Freed)

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