Florida and Alabama recently banned the sale of cultivated meat and seafood. Federal lawmakers are also looking to restrict it.
Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Posted inBusiness, Maine, News
Climate change likely to bring rewards – and risks – for Maine farmers
Warming temperatures and a longer growing season will benefit agriculture in the state, but pathogens, pests and extreme weather also are likely to accompany the milder winters, according to the Maine Climate Council.
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Posted inBusiness
California advances measures targeting AI discrimination and deepfakes
With strong privacy laws already in place, California is in a better position to enact impactful regulations than other states.
Posted inBusiness, Maine, News
Company behind controversial $500 million fish farm in Belfast suing city
The Belfast City Council voted to withdraw its decision to seize a parcel of mudflats, which it had done in part to guarantee Nordic Aquafarms had access to Penobscot Bay.
Posted inBusiness, Nation & World, News
Inflation pressures lingering from pandemic are keeping Fed rate cuts on pause
In the U.S., a big reason why inflation remains above the Fed’s target is that distortions stemming from the pandemic are still keeping prices elevated.
Posted inBusiness, Nation & World, News
Fed indicated rates will remain higher for longer. What does that mean for you?
The central bank kept its key rate at a 20-year high of roughly 5.3%, where it has been since last August.
Posted inBusiness, Nation & World
American Airlines profit cut augurs bleaker summer travel season
Airlines in the U.S. and Europe had previously expected fares to surge this summer.
Posted inBusiness, Maine, News
State regulators reject settlement with Electricity Maine over customer complaints
The Public Utilities Commission turns down a proposed settlement with Electricity Maine, saying it falls short of what’s needed to punish the company, and orders staff to renew its efforts to find a resolution to the long-running dispute.
Posted inBusiness, Nation & World
Nissan warns owners of 84,000 older vehicles about risk of exploding air bag inflators
The urgent request comes after one person in a Nissan was killed by an exploding front-passenger inflator, and as many as 58 people were injured since 2015.
Posted inBusiness, Maine, News
Former worker accuses Puritan Medical Products of ‘heinous racism’ in federal lawsuit
Dupreme Ammonds, of Hartland, alleges managers at the Pittsfield swab-making facility did not address complaints about racial harassment and civil rights violations he faced over 14 months at the company.