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Analysis-Trump threatens new Iran escalation and risks repeating old mistakes

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Taco Bell Lettuce Supplied by Taylor Farms Investigated as Source of US Cyclospora Outbreak Nationwide

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Taco Bell Lettuce Supplied by Taylor Farms Investigated as Source

Shredded iceberg lettuce supplied by Taylor Farms and sold at select Taco Bell restaurants has been identified as a potential source of a growing multistate outbreak of cyclosporiasis, according to multiple people familiar with the investigation, as case counts continue to climb across the country.

The link was first reported by The Washington Post on July 16, citing two people familiar with the ongoing investigation. CNN separately confirmed the connection through a source familiar with the matter. Neither the Food and Drug Administration nor the Centers for Disease Control and Prevention has publicly confirmed Taylor Farms or Taco Bell as the source, and officials have continued to describe the link as a potential one rather than a confirmed cause.

The outbreak, caused by a microscopic parasite that leads to cyclosporiasis, has expanded rapidly since it began in May. According to CDC data published Tuesday, nearly 7,000 cases have been confirmed or are under investigation nationwide since May 1, with confirmed cases running more than six times higher than they were at the same point last year. At least 141 hospitalizations have been reported, though no deaths have been linked to the outbreak. Separate reporting has cited slightly different case tallies, with one count putting confirmed cases at 1,645 and more than 5,100 additional cases still under investigation, underscoring how quickly the numbers have been shifting as health officials continue gathering data.

While cases have been reported across the country, the outbreak connected to the lettuce is considered a regional cluster centered in the Midwest. The CDC has identified at least 400 cases tied specifically to this cluster across four states — Michigan, Ohio, West Virginia and Kentucky — corresponding to where the affected Taco Bell locations are believed to be located, according to a source who spoke with CNN. Officials cautioned that the lettuce supplied to those restaurants may have also been distributed to other locations beyond the four states currently linked to the cluster.

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Michigan has emerged as the epicenter of the outbreak, with the state’s health department reporting more than 4,300 cyclospora cases as part of its investigation, a tally that exceeds the CDC’s own case count for the broader outbreak. State health officials said they had interviewed more than 1,000 people as part of their investigation and had previously flagged lettuce or salad greens as a potential source even before the specific link to Taylor Farms and Taco Bell was reported. The department acknowledged some uncertainty in attributing every illness to a single source, saying it could not say with certainty that every case was connected to the same exposure, but noted that the sharp, concentrated rise in cases strongly suggested that the vast majority of the illnesses stemmed from a shared outbreak. If confirmed, health officials said the cluster would represent the largest cyclospora outbreak recorded in the United States.

Taco Bell responded to the growing scrutiny with a statement Thursday, saying the company had taken proactive steps in response to conversations with public health officials. “Based on ongoing conversations with public health officials, and out of an abundance of caution, Taco Bell has taken immediate action to voluntarily remove potentially impacted lettuce from a supplier in select states,” the company said. The chain added that the ingredient in question was being permanently removed from its supply chain nationwide and would be replaced within 24 hours in the affected states. In an earlier statement issued Tuesday, a Taco Bell spokesperson said the company had voluntarily and temporarily removed limited ingredients from some restaurants as a precaution, while noting that public health officials had not at that point confirmed a link to Taco Bell or to any specific ingredient, supplier, restaurant or retailer.

Taylor Farms did not respond to requests for comment from multiple news outlets, including CNN and NBC News, regarding the investigation. Yum Brands, the parent company of Taco Bell, also did not immediately respond to requests for comment.

Cyclosporiasis is caused by consuming food or water contaminated with the cyclospora parasite and is not typically spread through direct person-to-person contact. The illness has previously been linked to fresh produce in past outbreaks, according to the CDC. Symptoms of the infection can include watery diarrhea, cramping, bloating, loss of appetite and low-grade fever, with symptoms sometimes persisting for weeks if untreated.

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Federal health officials have said multiple investigations are currently underway related to the broader rise in cyclospora cases this year, including some tied to the large Midwest cluster, some limited to individual states, and others involving cases that have not yet been connected to any identified cluster. The CDC has also noted that case counts are likely to continue rising as more data comes in, citing a reporting lag of up to six weeks between when a person first becomes ill and when their case is officially reported to health authorities.

This is not the first time Taylor Farms has been connected to a foodborne illness investigation. The company was linked to a 2013 cyclosporiasis outbreak that sickened more than 600 people across roughly two dozen states, with many of those illnesses concentrated in Iowa and Nebraska among people who had eaten at other restaurant chains. That outbreak was eventually traced to a salad mix produced at a Taylor Farms processing facility in Mexico. The company has also been connected to a more recent E. coli outbreak tied to sliced onions in 2024.

Taylor Farms supplies grocery stores and restaurants across the country, and it remains unclear exactly how many of its products or locations may ultimately be tied to the current outbreak. Health officials have said the investigation remains active and that additional details, including formal confirmation of the outbreak’s source, are expected as testing and interviews continue in the coming days.

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Canadian Factory Sales Rise 1.3% to Record in May

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Canadian Factory Sales Rise 1.3% to Record in May

OTTAWA—Factory sales in Canada reached a record high in May, extending the recovery by the country’s manufacturers despite lingering trade concerns that supports a rebound for the economy after recent weakness.

Manufacturing shipments rose 1.3% from the month before to a seasonally adjusted 78.09 billion Canadian dollars, the equivalent of about US$55.55 billion, Statistics Canada said Wednesday. Compared with a year earlier, sales were up 13.4%.

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Gold set for biggest weekly fall in six as Iran war fans inflation worries

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Gold set for biggest weekly fall in six as Iran war fans inflation worries
Gold rebounded on Friday but was set for its biggest weekly loss in six, as renewed U.S.-Iran clashes lifted oil prices, stoked inflation concerns and strengthened expectations that interest rates could stay higher for longer.

FUNDAMENTALS

Spot gold gained 0.5% to $3,988.57 per ounce by 0103 GMT, having touched its lowest since July 1 earlier in the session. U.S. gold ‌futures for ⁠August ⁠delivery were steady at $3,992.70.

Iran and the United States exchanged intensifying fire on Thursday in a week-long escalation that has largely unravelled last month’s truce.

Oil prices have jumped about 12% so far this week as the escalating U.S.-Iran conflict stoked supply concerns.

Non-yielding gold typically struggles when interest rates are high because investors favour investments that offer better returns. The metal is down over 3% ⁠for the ‌week so far.

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Dallas Federal Reserve President Lorie Logan became the first of Fed Chairman Kevin Warsh’s new colleagues to call publicly for ⁠a rate hike.
Fed Vice Chair Philip Jefferson also suggested he would be open to raising rates if there is no near-term improvement in inflation.
Inflation is proving persistent across a broad range of goods and services, and remains the focus of monetary policy given a stable labour market, Kansas City Fed President Jeff Schmid said.
The number of Americans filing claims for unemployment benefits fell last week.

U.S. retail ‌sales increased marginally in June as lower gasoline prices weighed on receipts at service stations.

China can stabilise economic growth this year by accelerating already-budgeted national infrastructure investment projects, ⁠economists and one government adviser said, reducing the likelihood of large-scale fiscal stimulus.

Britain on Thursday targeted what it said were illicit gold and finance networks fuelling Sudan’s war, imposing sanctions on 11 individuals and entities.

Elsewhere, spot silver gained 0.2% to $55.60 per ounce, platinum eased 0.1% to $1,616.10 and palladium rose 0.4% to $1,254.62. All three metals were headed for a weekly loss.

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DATA/EVENTS (GMT)

0701 China Total Social Financing Jun

0701 China M2 Money Supply YY Jun

0702 China New Yuan Loans Jun

1230 US Housing Starts Number Jun

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1230 US Import Prices YY Jun

1315 US Industrial Production MM Jun

1400 US U Mich Sentiment Prelim Jul

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Negative Breakout: These 8 stocks cross below their 200 DMAs

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The Economic Times

In the Nifty500 pack, eight stocks’ close prices crossed below their 200 DMA (Daily Moving Averages) on July 16, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is below its long-term trend line. Traders use the 200 DMA as a key indicator to determine the overall trend in a particular stock. Take a look:​

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U.S. burrito chain Chipotle opens first eatery in Mexico

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U.S. burrito chain Chipotle opens first eatery in Mexico

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US appeals court keeps in place Pentagon’s escort policy for journalists

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US appeals court keeps in place Pentagon’s escort policy for journalists

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Lester Group offloads $20m Forrestfield warehouse

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Lester Group offloads $20m Forrestfield warehouse

The deal is believed to be part of a broader portfolio sale worth about $50 million.

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MSCI rejig could bring $2.3 billion into Indian stocks

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MSCI rejig could bring $2.3 billion into Indian stocks
Mumbai: The upcoming MSCI rebalancing of its Standard Index could trigger passive inflows of about $2.3 billion into Indian stocks, with as many as 12 additions and three deletions likely in the August review, according to JM Financial. The global index provider is scheduled to announce the changes on August 12 after trading hours. The rebalancing will be effective August 31.

Index changes result in flows into these stocks because trillions of dollars in global passive funds shape their portfolios based on their benchmarks. When a stock is added or removed, index-linked ETFs and mutual funds are forced to buy or sell to mirror the index composition.

JM said Adani Green Energy, Groww (Billionbrains Garage Ventures) and Adani Energy Solutions are high-probability candidates for inclusion in the MSCI India Standard Index. Ather Energy is a medium-probability candidate, while Lenskart Solutions and Steel Authority of India (SAIL) are low-probability candidates for inclusion.

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Nvidia Stock Falls as It Fights to Stay Above $5 Trillion Market Cap

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Nvidia Stock Falls as It Fights to Stay Above $5 Trillion Market Cap

Nvidia Stock Falls as It Fights to Stay Above $5 Trillion Market Cap

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Target recalls 200,000 Cat & Jack toddler sandals over pearl choking hazard: CPSC

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Target recalls 200,000 Cat & Jack toddler sandals over pearl choking hazard: CPSC

Target is recalling more than 200,000 children’s sandals over the potential risk of “serious injury or death” from a choking hazard.

About 211,000 Cat & Jack Toddler Girls’ Sequerah Sandals are affected by the recall, the U.S. Consumer Product Safety Commission (CPSC) announced Thursday.

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The choking hazard concern is due to the possibility of decorative pearls falling off the shoes.

GENERAL MILLS PULLS MORE THAN 735,000 PILLSBURY ROLLS FROM SHELVES OVER POSSIBLE GLASS CONTAMINATION

Cat & Jack Children’s Sandals recalled by Target

About 211,000 Cat & Jack Toddler Girls’ Sequerah sandals are affected by the recall. (U.S. Consumer Product Safety Commission)

“The sandals’ decorative pearls can fall off, posing a risk of serious injury or death from a choking hazard,” the CPSC said.

Ticker Security Last Change Change %
TGT TARGET CORP. 140.21 +1.92 +1.39%

The sandals are tan and have two raffia straps with gold buckles and plastic pearls. The brand name is printed on the soles and bottoms of the shoes.

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BMW RECALLS NEARLY 30K VEHICLES OVER ENGINE STARTER DEFECT THAT COULD CAUSE FIRE

Target store in New Mexico

The choking hazard concern is due to the possibility of decorative pearls falling off the shoes. (iStock / iStock)

The shoes were sold in sizes 5T through 12T.

The sandals were sold at Target stores across the country and online at the retailer’s website from January 2026 through May 2026 for about $20.

Target has received 23 reports of pearls falling off the shoes.

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Shoppers push carts in a Target store

Target has received 23 reports of pearls falling off the shoes. (Michael Nagle/Bloomberg via Getty Images / Getty Images)

No injuries have been reported so far with the recall.

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Consumers are urged to stop using the recalled sandals immediately, keep them away from children and contact Target for a full refund.

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