3.8 • 950 Ratings
🗓️ 4 June 2025
⏱️ 6 minutes
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0:00.0 | Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning. |
0:08.2 | Warning labels, longer movie previews, and a new way to swipe. |
0:12.8 | Today is Wednesday, June 4th. It's good to have you here. I'm Julie Morgan. |
0:19.2 | Texas could soon require packaged food and drinks to display prominent warning labels on ingredients |
0:24.9 | that are not recommended for human consumption by authorities in the European Union, |
0:30.2 | the UK, Canada, and Australia. |
0:32.4 | A bipartisan bill dubbed Make Texas Healthy Again and backed by health secretary Robert F. Kennedy Jr. |
0:39.9 | Passed the state senate unanimously last month and was sent to the governor to be signed into law. |
0:46.0 | If signed, the bill would take effect on September 1st of this year, |
0:50.0 | and the new warning labels would be required starting in 2027. |
1:01.0 | This would apply to 44 ingredients such as synthetic food dyes, preservatives, and bleach flour. Products that would be impacted, barring changes in formulation include Doritos, Fruit Loops, M&Ms, Gatorade, and Mountain Dew. |
1:09.0 | The mandate would not apply to products not intended for |
1:12.8 | human consumption, food labeled, prepared, or served in restaurants or retail establishments, |
1:19.1 | and drug or dietary supplements. Products regulated by the Food Safety and Inspection Service, |
1:25.3 | which oversees meat, poultry, and eggs would also be exempt. |
1:29.1 | Sweeteners like high-fructose corn syrup and aspartame had been listed in the bill, |
1:34.4 | but were removed after industry pushback, according to the Texas Tribune. |
1:38.7 | A coalition of industry groups and companies such as PepsiCo, Mondalese, and Walmart called on Texas lawmakers to |
1:46.6 | scrap the new label requirement. The coalition wrote in a letter last month that this cast an |
1:52.0 | incredibly wide net, triggering warning labels on everyday grocery items based on assertions that |
1:58.4 | foreign governments have banned such items rather than on standards |
2:02.6 | established by Texas regulators or the FDA. |
... |
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