The attorneys general for 11 Midwestern states, including Minnesota, have urged the Justice Department to investigate market concentration and potential price fixing by meatpackers in the cattle industry during the coronavirus pandemic.
U.S. meat supplies are dwindling due to coronavirus-related production shutdowns. As a result, some stores like Costco and restaurants like Wendy's are limiting sales. U.S. beef and pork processing capacity is down 40 percent from last year.
The stay-home orders to prevent the spread of the novel coronavirus have had a devastating effect on the economy. Many companies are struggling or have gone out of business, but some have adjusted to the change in consumer demand and are thriving. Allison Kaplan, editor in chief of Twin Cities Business, tells us about some of the Minnesota businesses that are doing well right now.
MPR News host Cathy Wurzer talked with Bill George about how the corporate sector is weathering the pandemic — and what changes could come to business in a post-pandemic world.
Within weeks, the outbreaks around slaughterhouses have turned into full-scale disasters. The virus is killing, sickening and frightening workers and devastating their extended families.
Under "stay-at-home" requirements, people are buying more groceries for cooking their meals at home and many of us are thinking more often about what we like to eat. The Intelligence Squared series hosted a debate about one thing many people like to eat — meat.
SBA data show that demand is still very high for the loans, and that smaller amounts are going out this time. But large, multimillion-dollar loans are still eating up a good chunk of the money.
The clothing retailer's troubles predate the health crisis. Other stores, like J.C. Penney and Neiman Marcus, are also struggling to survive extended closures.
Unemployment numbers for April will be out this week.They are expected to show a jobless rate of over 16 percent, the highest level since 1948. Also in April, the stock market had its best month since 1987. Businesses, which closed to stop the spread of the novel coronavirus, are beginning to open up, but how quickly will consumers return? Businesses, households and governments are all racking up lots of debt. What does it all mean? MPR senior economics contributor Chris Farrell offers his thoughts on the current state of the economy.
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