Trump Signs Law to Launch Dollar 2.0

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

LA County sues Pepsi, Coca-Cola over plastic bottles

JAIMIE DING
October 31, 2024

LOS ANGELES (AP) -- Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.

In a lawsuit filed Wednesday, the county alleged PepsiCo and Coca-Cola companies have misled the public about the recyclability of their plastic bottles and downplayed the negative environmental and health impacts of plastic disposal.

"Coke and Pepsi need to stop the deception and take responsibility for the plastic pollution problems your products are causing," LA County supervisor Lindsey Horvath said in a statement. "Los Angeles County will continue to address the serious environmental impacts caused by companies engaging in misleading and unfair business practices."

Coca-Cola owns brands like Dasani, Fanta, Sprite, Vitamin Water, and Smartwater, while PepsiCo owns Gatorade, Aquafina, Mountain Dew, and more. The two companies have been ranked as the world's top plastic polluters for five consecutive years, and Coca-Cola has taken the number one spot for six years, according to global environmental group Break Free From Plastic.

PepsiCo produces approximately 2.5 million metric tons of plastic and Coca-Cola produces approximately 3.224 million metric tons of plastic annually, according to Break Free from Plastic.

A European Union consumer protection group and environmental organizations filed a legal complaint against Coca-Cola, Nestle, and Danone last November, accusing them of being misleading when representing packaging as 100% recycled or 100% recyclable.

The LA lawsuit said Coca-Cola and PepsiCo have employed "disinformation campaigns" for consumers to purchase single-use plastic, believing them to be recyclable and less harmful to the environment.

It alleged that both companies promised to create a "circular economy" for its bottles, in which plastic bottles can be recycled and reused an endless number of times, while in reality plastic bottles can only be recycled once, if at all.

The American Beverage Association, which PepsiCo and Coca-Cola are a part of, denied the lawsuit's accusations about their plastic bottle recycling labels.

"The allegation that our packaging is not and will not be recycled is simply not true," the group's spokesperson William Dermody said in a statement.

Dermody said California had a 71% bottle recycling rate in 2023, one of the highest in the country, and that their bottles are "designed to be recycled and remade and can include up to 100% recycled plastic."

In 2022 alone, an estimated 121,324 to 179,656 tons of plastic waste leaked into the land and ocean in California, and plastics make up seven of the top 10 litter products found on beaches, the lawsuit states.

A big part of the problem is microplastics.

Plastics that have leaked into the environment eventually disintegrate into tiny pieces of plastic measuring five millimeters or less. They can affect soil and plant growth, marine and fish life, and are nearly impossible to remove from the environment, the lawsuit states.

Some Australian researchers, on behalf of the World Wildlife Fund, calculated in 2019 that many people each week consume roughly 5 grams of plastic from common food and beverages, and microplastics have been found in body tissues and organs. Though research is still limited overall, there are growing concerns that microplastics in the body could potentially be linked to heart disease, Alzheimer's and dementia, and other problems.

The lawsuit is seeking a court order to stop the companies' "unfair and deceptive business practices" as well as restitution for consumers and civil penalties of up to $2,500 per violation.

In February 2020, environmental nonprofit Earth Island Institute filed a lawsuit in California asking for damages and an order for Coca-Cola, PepsiCo, Nestle USA, Procter & Gamble and six other companies to clean up the plastic waste they should be held responsible for.

New York state also sued PepsiCo last November for its role in creating the plastic waste that littering the Buffalo River, which empties into Lake Erie and supplies the city of Buffalo's drinking water.

Continue Reading...

Popular

What's Going On With Snowflake Shares Wednesday?

Snowflake Inc. (NYSE:SNOW) is in the spotlight Wednesday ahead of third-quarter earnings after the market closes.

Netflix Stock Slides As Alarm Bells Ring Related To Potential HBO Max Bundle

Netflix Inc (NASDAQ:NFLX) shares slipped on Wednesday amid cost concerns related to a potential HBO Max bundle.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

AppLovin's Merchant Boom Hints At Q4 Upside, Analyst Says

AppLovin Corp (NASDAQ: APP) sees strong adoption of its Axon ad tech, setting up for potential Q4 upside surprise.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

5 Financial To-Dos Before the End of 2025

As 2025 winds down, here are some moves to help you finish the year strong financially. Morningstar’s director of personal finance and retirement planning, Christine Benz, discusses strategies.

American Eagle Outfitters Stock Smashes 52-Week High On Holiday Momentum

American Eagle Outfitters (AEO) stock hits 52-week high after reporting strong Q3 results and raised guidance for holiday season.

Retire Comfortably with These New Monthly Income ETFs? - Ad

Retirement should be freedom, not stress. Yet outdated advice and tiny returns leave many trapped. Kelly G. broke free with a revolutionary income strategy once reserved for the wealthy - hitting her "Freedom Number" faster than she dreamed. You might already have enough too.

San Francisco sues nation's top food manufacturers over ultraprocessed foods

The city of San Francisco filed a lawsuit against some of the nation's top food manufacturers on Tuesday, arguing that ultraprocessed food from the likes of Coca-Cola and Nestle are responsible for a public health crisis.

The Next Biggest Bull Run In Over 50 Years - Ad

Gold has hit all-time highs, breaking $4,000 an ounce - but history shows it could be on the verge of its biggest bull run in over half a century... triggered by a likely major event, eerily similar to what happened in the 1970s. (It's NOT inflation or anything you're likely expecting.) Now, a top analyst says you can capture ALL of the upside without touching a risky miner or a boring exchange-traded fund. He sees extraordinary potential gains long term with very little risk.

Costco becomes biggest company yet to demand refund of Trump tariffs

WASHINGTON (AP) — Costco is joining other companies that aren't waiting to see President Donald Trump's most sweeping import taxes. They're going to court to demand refunds on the tariffs they've paid.

Nvidia's Most Valuable List for 2026 - Ad

Many companies partnering with Nvidia have seen their own stocks go up... That includes ASML, up 4,501%... Synopsys, up 3,745%. And Taiwan Semiconductor, which has soared as much as 9,793%. You won't find these companies anywhere in Nvidia's official Partner Network. That's why I call them Nvidia's "Unauthorized" Silent Partners. In 2026, a new set of them is poised to benefit.

US air travelers without REAL IDs will be charged a $45 fee

Air travelers in the U.S. without a will be charged a $45 fee beginning in February, the Transportation Security Administration announced Monday.

Salesforce Q3 Preview: Record Revenue Predicted, Can Shares Recover After 30% Drop In 2025?

Salesforce shares are down in 2025. The company's Q3 results and Q4 guidance could see shares volatile in the last month of the year.

$270,000 Drug. One Competitor. Billion-Dollar Market. - Ad

Phase 3 trial targets recurrent pericarditis with an oral therapy that could disrupt the only approved treatment. And their heart failure program launches in 2026.

Noem Says National Guard Shooting Suspect Was Radicalized In US

DHS Secretary Kristi Noem says that the suspect in the fatal shooting of a National Guard member in Washington was radicalized domestically.

Real-Time Finance Hits Wall Street - Ad

A new ETF built for the payments revolution is now trading. Seconds-level settlement and a 0.50% fee* make it one of the cleanest structures yet.

JPMorgan Forecasts Bitcoin Bottom, Anticipates $28.3 Trillion Challenge To Gold By 2026

Analysts at JPMorgan have pinpointed the lowest point of the ongoing Bitcoin (CRYPTO: BTC) price fall and also projected a substantial chall

Trump Withdraws Support For 'Wacky' Marjorie Taylor Greene In Sudden, Fiery Split: 'I Can't Take...'

President Donald Trump said he is withdrawing his endorsement of longtime ally Rep. Marjorie Taylor Greene — here's what happened.

The New Payments ETF Is Live on NASDAQ: - Ad

Money is moving to real-time rails, and a newly listed ETF now gives investors direct exposure. Fast settlement. Institutional custody. Simple access.

California revokes 17,000 driver's licenses. But the state disputes it is over immigration concerns

California plans to revoke 17,000 commercial driver’s licenses given to immigrants after the Trump administration raised concerns about people in the country illegally receiving licenses to drive a semitruck or a bus. But Gov. Gavin Newsom said that isn't the reason.

3 Companies Nvidia Needs for their $24 Trillion Conquest - Ad

Nvidia's charging into two seismic tech frontiers projected to be worth over $24 TRILLION! And they're in a race to dominate first. But here's the dirty secret Nvidia won't admit... They can't do it alone. Nvidia needs 3 Silent Partners... This $24 trillion pivot hinges on them.

Silver Soars To Record Highs: It's Up 95% In 2025, The Best Year Since 1979

Silver prices surge over 5% as investors rush to secure metal amid tight supplies and global shortage concerns, driving up stocks and mining equities.

Strategy Inc, Beyond Meat, Credo Technology, Synopsys And Apple: Why These 5 Stocks Are On Investors' Radars Today

U.S. markets slipped on Monday, with the Dow Jones falling 0.9% to 47,289.33, the S&P 500 easing 0.5% to 6,812.63, and the Nasdaq edging down nearly 0.4% to 23,275.92. These are the top stocks that gained the attention of retail traders and investors through the day:

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

Barrick's Breakup Rumors, North America Versus The World

Barrick Mining (NYSE: B) may split into two companies, one focused on North America and another on Africa and Asia.

The $43B Big Pharma Story is Starting Over-With a New Player - Ad

Big Pharma once paid $43B for a small biotech with a similar platform. Now, a new company is following that same playbook, leveraging its patented delivery technology to attract partnerships and near-term revenue potential.

A lost generation of news consumers? Survey shows how teenagers dislike the news media

NEW YORK (AP) — Cat Murphy, a college student, has wanted to be a journalist since she was 11. Many of her friends don't understand why.

OpenAI's Partners Rake Up $96 Billion Debt as AI Industry's Borrowing Trend Escalates

Companies supplying data centers, chips, and processing power to OpenAI have racked up a staggering $96 billion in debt to fund their operations.

Copper Is Tight, Silver Is Rising - And This Early Nevada Play Hits the Timing Perfectly - Ad

AI, electrification, battery storage, and data centers are pushing copper and silver demand sharply higher, even as supply stays tight. This region in Nevada offers rare multi-metal potential, and a new company has secured land in a district the surging district. It's one of the cleanest timing setups in the sector right now.

Stock Of The Day: Is American Airlines Breaking Out?

Trading in American Airlines is quiet on Tuesday. But the shares may be breaking out. A classic ‘ascending triangle' pattern has formed.

Stock Market Today: S&P 500, Nasdaq Futures Rise After Breaking 5-Day Winning Streak—MongoDB, CrowdStrike, American Eagle In Focus

U.S. stock futures rose on Tuesday after declining on Monday. Futures of major benchmark indices were higher. On Monday, the month of December kicked off with benchmark indices declining after a five-day winning streak.

Retire Comfortably with These New Monthly Income ETFs? - Ad

Retirement should be freedom, not stress. Yet outdated advice and tiny returns leave many trapped. Kelly G. broke free with a revolutionary income strategy once reserved for the wealthy - hitting her "Freedom Number" faster than she dreamed. You might already have enough too.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright markethundred.com
Privacy Policy | Terms of Service