Category: Business Wires

MEXICO CITY — The United States announced Wednesday that it had suspended all government operations in the Mexican state of Michoacan because of a “threat to U.S. interests,” including a halt to the inspections of avocados required for their export.

While the U.S. Embassy did not specify the nature of the threat in its security alert, Michoacan Gov. Alfredo Ramírez Bedolla said on social media that the temporary halt to inspections was intended to safeguard workers following recent arrests linked to extortion. The inspections are necessary for avocados to be shipped to the United States and their suspension could disrupt exports.

The western state of Michoacan is the leading exporter of avocados to the U.S. and has a high level of organized crime activity with at least four cartels — designated as terrorist organizations by the Trump administration — operating in the region. Besides trafficking drugs, cartels also make money through extortion, including of the avocado industry.

Michoacan State Security Secretary Antonio Cruz told The Associated Press that one of the arrests mentioned by the governor was of “El Poncho,” the alias of Alfonso Fernández Magallón, leader of a local cartel operating in the avocado-growing region around Los Reyes.

U.S. Ambassador to Mexico Ronald Johnson welcomed the arrest, which came over the weekend. The U.S. government had offered a $5 million reward for Fernández Magallón’s arrest.

Cruz said his department was unaware of any direct incidents involving the avocado inspectors. Nevertheless, 300 security personnel were deployed to the Los Reyes area as a preventive measure.

The governor said the priority was to “ensure the security conditions necessary for these operations to resume normally,” as has happened in the past.

Mexico supplies approximately 80% of U.S. avocado imports — a product known in the region as “green gold.” Its cultivation generates around 200,000 jobs in Michoacán alone.

In 2025, Mexico sold $3.65 billion worth of avocados to the United States, and in the first four months of this year, those exports rose by 35% compared to the same period in the previous year.

The U.S. Department of Agriculture sends inspectors in Mexico to monitor plantations and packing houses to ensure that exported produce is free of pests. Threats and violence against the inspectors have caused the U.S. to suspend inspections in the past.

WASHINGTON — The Food and Drug Administration has approved a new kind of flu vaccine for older people, the first made with the same mRNA technology that was key to ending the COVID-19 pandemic, manufacturer Moderna said.

The shot, named mFlusiva, is intended for adults age 50 or older. Other brands of flu shots already have begun arriving in pharmacies ahead of fall vaccination season, and Moderna said late Wednesday that it expects some of its new version to be available soon at select retailers.

While there already are multiple flu vaccine options in the U.S., including three specifically recommended for people age 65 or older, tens of thousands of Americans die from influenza every year, and older adults are among the most vulnerable.

Flu vaccines must be updated annually to best match circulating strains of the virus. Vaccines made with the Nobel Prize-winning mRNA technology are faster to manufacturer than other types, and experts say this additional option might help if the shape-shifting flu virus mutates in a way that requires suddenly brewing new doses.

Moderna said the FDA granted full approval for mFlusiva’s use in people ages 50 to 64, based on a study of 40,000 people that found 27% fewer flu cases among people who got the new shot compared with those who got a different common flu vaccine brand. For people 65 or older, the Cambridge, Massachusetts-based manufacturer said the FDA granted what’s called accelerated approval for the shot — based on a smaller study showing it generated a strong immune response compared with an existing high-dose vaccine for seniors — while it conducts an additional study.

Moderna’s data showed no major safety issues although the shot did cause some temporary reactions including injection site pain, fever, headache, tiredness and aches that occurred somewhat more than with today’s flu shots.

The FDA action comes after a highly unusual public dispute over mFlusiva earlier this year. A then-top FDA official blocked the company’s application, a sign of the agency’s heightened vaccine scrutiny under Health Secretary Robert F. Kennedy Jr. Days later, the agency changed course after Moderna publicly challenged the ruling — and in June a panel of independent advisers to the FDA unanimously recommended the vaccine’s approval.

CAIRO — Iran and the Gulf Arab state of Oman have made progress toward a deal to reopen the Strait of Hormuz, a potential breakthrough that could help wind down the war in the Middle East, regional officials said Tuesday.

Under the emerging agreement, ships would enter the Persian Gulf through an Iranian-controlled route and exit through a route controlled by Oman, with service fees charged for providing security and preserving the maritime environment, two regional officials told the Associated Press.

They said negotiations are still underway and that the final agreement could take a different form, with any deal linked to lifting the U.S. blockade on Iran’s ports. The officials spoke on condition of anonymity to discuss the sensitive negotiations unfolding behind closed doors.

Any agreement formalizing Iran’s control of the strait would mark a significant strategic victory for Tehran. For that reason, the U.S. could seek to block the deal by refusing to lift the blockade. The strait was an open international waterway before the U.S. and Israel attacked Iran on Feb. 28.

A U.S. official familiar with the negotiations said that any “temporary” routes established through the strait would not involve approvals by Iran or charges. The official, who was not authorized to comment publicly and spoke on condition of anonymity, said the U.S. remains committed to returning to the status quo in which “no party controls the lanes or the ability to transit through them.”

U.S. President Donald Trump is under mounting pressure to end an unpopular war that has driven up gas prices ahead of midterm elections and drawn down U.S. supplies of some munitions. In recent days, he has again whipsawed between threatening massive strikes and voicing support for diplomatic efforts.

In an exchange with reporters on Monday, Trump reiterated his public stance that he’s opposed to tolling in the strait. “I’m not going to let them charge,” Trump said. “Anybody’s going to charge, we’ll charge.”

U.S. and Iranian officials confirm progress without giving details

Iranian Foreign Ministry spokesperson Esmail Baghaei said the bilateral talks with Oman are focused on “establishing safe inbound and outbound shipping lanes,” routes that “uphold sovereign rights while also addressing the national security considerations of both Iran and Oman.”

“The final results of these negotiations will be announced once concluded,” he added, in remarks carried by Iran’s state-run IRNA news agency.

U.S. Secretary of State Marco Rubio, speaking to reporters at the State Department, said, “There’s been progress made in those talks, but not finality yet. We’re hoping that will happen very shortly.”

Rubio has previously ruled out any deal that would give Iran control over the strait, saying last month that it would create a “very dangerous precedent” for other parts of the world.

Treasury Secretary Scott Bessent told CNBC that “there is a chance we may have a deal today or tomorrow to open the strait and move towards a more normalized position in this conflict.”

Asked whether there would be tolls for movement through the strait, Bessent said: “I think it would be freedom of movement.”

The potential agreement between Iran and Oman was first reported by the New York Times.

Cargo ship reports strike in Strait of Hormuz

Meanwhile, a cargo ship reported being “hit by an unknown projectile” in the strait off the coast of Oman, the United Kingdom Maritime Trade Operations Center said, without providing further information on the ship, including what flag it was sailing under or whether it was carrying cargo.

The ship sustained damage, according to British maritime security firm Ambrey, which did not elaborate.

In recent weeks, Iran had repeatedly attacked ships using a route running close to Oman that is overseen by the U.S. military and intended to bypass Tehran’s control.

CHICAGO — Chipotle Mexican Grill said Tuesday that it had removed jalapeños from some of its restaurants after determining the peppers could potentially be tied to a salmonella outbreak public health officials are investigating.

In a brief statement, Chipotle maintained that the “health and safety of our guests and employees is our highest priority” — and that it had pulled the jalapeños out of an abundance of caution and “replaced them with product from different growers” in all locations where a previous common lot had been distributed.

The company did not specify where the initial peppers came from but noted that the jalapeños in question were sent across multiple states to several retailers.

The Minnesota Department of Health on Tuesday confirmed that it was investigating a salmonella outbreak tied to several Mexican-style, quick-service restaurants — with jalapeños as the suspected source. Officials identified 110 cases in the state. Chipotle made up the majority of those where they were able to reach affected consumers for an interview — who ate at the chain between mid-June and mid-July — but not all.

“Based on all the evidence so far, the food that made people sick was served at other restaurants as well,” Carlota Medus, senior epidemiologist supervisor in the MDH’s Health Foodborne Diseases Unit, said in a statement.

Medus said Chipotle had been cooperative over the course of the investigation — and that given the measures the company put in place, his department was not concerned about the chain at this time. Still, he said it was “too soon for us to know if the outbreak is ongoing” and that it’s possible contaminated food is being served elsewhere.

MDH noted that other states are contributing to the investigation, without elaborating further. On the federal level, the Food and Drug Administration is conducting the traceback probe — covering but not limited to jalapeños.

The FDA on Tuesday confirmed it initiated its traceback investigation “of multiple ingredients” on July 22, in response to a cluster of salmonella illnesses identified by both state officials and the Centers for Disease Control and Prevention. In a statement, the agency said it appreciated Chipotle’s cooperation and that it would “provide additional information if and when there is an actionable public health update.”

The CDC did not respond a request for further comments Tuesday afternoon.

Symptoms of salmonella poisoning include diarrhea, fever, severe vomiting, dehydration, and stomach cramps. Most people who get sick recover within a week. Infections can be more severe in young children, older adults, and people with weakened immune systems, who may require hospitalization.

Shares of California-based Chipotle Mexican Grill plunged nearly 10% on Tuesday.

WASHINGTON — Twenty-five states sued the Trump administration Monday over its latest tariffs, calling them a pretext for replacing import taxes the Supreme Court struck down in February.

The United States last month imposed double-digit tariffs on 59 countries and the European Union, charging that they had not done enough to crack down on imports produced by forced labor. The new tariffs took effect just as the clock ran out on temporary tariffs President Donald Trump had turned to after the Supreme Court defeat.

“After losing at the Supreme Court, the administration is once again trying to illegally raise taxes on families and businesses with a new round of tariffs,” said New York Attorney General Letitia James.

Joining New York in the lawsuit announced Monday are Arizona, California, Colorado, Connecticut, Delaware, Hawaii, Illinois, Kentucky, Massachusetts, Maryland, Maine, Michigan, Minnesota, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, Virginia, Vermont, Washington, and Wisconsin.

Pennsylvania Gov. Josh Shapiro, who joined the suit in his official capacity, posted about in on X Monday afternoon.

“Donald Trump is once again trying to impose his disastrous and illegal tariffs. So we’re taking him to court — again. The President’s tariffs have injected unnecessary chaos and confusion into Pennsylvanians’ lives — and have raised prices across the board for our farmers, small businesses, and families,” Shapiro said. “We’ve won in court before to protect Pennsylvanians from the costs of Trump’s disastrous trade war — and the Supreme Court has already ruled his tariffs unlawful — so now we’re going back to court to stop him yet again.”

Trump, who argues that high tariffs will revive American manufacturing, last year overturned decades of U.S. policy that favored lower tariffs and ever-freer trade. Invoking the 1977 International Emergency Economic Powers Act, or IEEPA, he imposed double-digit tariffs on imports from almost every country, saying America’s longstanding trade deficit amounted to a national emergency.

But the Supreme Court ruled that IEEPA did not authorize tariffs. The decision forced the administration to send refunds to importers who’d paid the tariffs. Eager to make up the lost revenue, Trump turned to temporary 10% worldwide tariffs. But they expired at midnight July 24.

Now he’s tapping more durable tariffs under Section 301 of the Trade Act of 1974, which permits the president to impose import taxes and other sanctions against countries found to engage in unfair trade practices. Trump used Section 301 to impose big tariffs on China in his first term, and they survived court challenges.

The administration this time invoked Section 301 to impose the forced-labor tariffs, which range from 10% to 12.5% and hit countries that provide 99% of American imports.

“The United States is using its lawful authority to obtain the elimination of unreasonable acts, policies, and practices that burden U.S. commerce,” White House spokesperson Kush Desai said. “A foreign country’s failure to impose and effectively enforce a prohibition on the importation of goods produced with forced labor is unreasonable and burdens U.S. commerce, including American workers, and must be addressed. Section 301 tariffs have proven to be a legally durable tool since the President’s first term, and they remain so now.”

The states’ lawsuit follows two other lawsuits filed in The Court of International Trade in July by small businesses that also challenged the 301 tariffs.

Both of those lawsuits argue that the government didn’t adequately establish its case against each specific economy or spell how the tariffs will eliminate the specified practice they are being levied for, as required by Section 301.