Day: July 9, 2024

The U.S. Department of Agriculture (USDA) recently announced that some frozen ready-to-eat chicken products are being recalled over listeria-related concerns.

In a press release published on Friday, the USDA explained that the Canada-based importer Al Safa US LLC is recalling over 2,000 pounds of chicken kebabs and patties. Officials are concerned that the food items may contain the bacteria Listeria monocytogenes, which causes listeriosis.

The chicken products were prepared in Canada on June 5 before being imported to the U.S. later that month. According to the USDA, the two impacted products are the following:

THOUSANDS OF POUNDS OF LIQUID EGG PRODUCTS RECALLED BY MANUFACTURER: ‘SHOULD BE THROWN AWAY’

“The products subject to recall bear establishment number ‘866’ inside the Canadian mark of inspection,” the agency added. “These items were shipped to retail locations nationwide.”

According to officials, an issue was detected when the USDA’s Food Safety and Inspection Service (FSIS) investigators performed “routine product testing” in an Al Safa facility.

“The results indicated the product may be contaminated with Listeria monocytogenes,” the press release said.

The FSIS asks consumers who purchased the product to dispose of the packages or return them for a refund.

FDA RECALLS MUSHROOM-INFUSED ‘MICRODOSING’ CHOCOLATE BARS AFTER HOSPITALIZATIONS

“FSIS is concerned that some product may be in consumers’ freezers,” the statement read. “Consumers who have purchased these products are urged not to consume them.”

The USDA noted that no illnesses associated with the products have been reported yet, but listeriosis can prove deadly to pregnant women, older adults and people with weakened immune systems.

“Listeriosis can cause fever, muscle aches, headache, stiff neck, confusion, loss of balance and convulsions sometimes preceded by diarrhea or other gastrointestinal symptoms,” the USDA explained.

“Persons in the higher-risk categories who experience flu-like symptoms within two months after eating contaminated food should seek medical care and tell the health care provider about eating the contaminated food.”

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Fox News Digital reached out to Al Safa for comment, but did not immediately hear back.

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Hedge fund manager Bill Ackman kicked off fundraising for a new U.S.-listed closed-end fund on Tuesday, an effort people familiar with the matter say could bring in as much as $20 billion, more than double his assets under management, some of that from retail investors.

Last month, Ackman sold 10% of his firm, Pershing Square Capital Management, which has posted mostly strong double digit returns since 2019 after a spell of losses.

The new fund, Pershing Square USA Ltd, will offer lower fees for investors and quicker access to capital than traditional hedge funds, regulatory filings show. There will be no management fee charged for the first year after the fund’s initial public offering and no performance fees ever.

It will be listed on the New York Stock Exchange and be available to anyone who can invest in the U.S., including pension funds, endowments and retail investors. Roughly 80% is expected to be raised by institutions, with retail investors making up the rest, a filing made Tuesday shows.

BILL ACKMAN EYES IPO OF PERSHING SQUARE

Ackman, a heavy user of social media platform X, referenced the fundraising on Tuesday when he messaged his 1.3 million followers “I am going to be busy for the next few weeks. $PSUS!!”

Investors, including ones unable to write the multimillion-dollar checks Wall Street hedge funds traditionally demand, can pay $50 a share for the new vehicle. At the end of June, Pershing Square Capital Management oversaw $18.7 billion in assets, according to a company document. This includes some $15 billion in assets in Pershing Square Holdings, the 10-year old closed-end fund listed in Amsterdam and London.

BILLIONAIRE BILL ACKMAN SAYS BIDEN SHOULD DROP OUT DUE TO AGE

Ackman built his reputation as an activist investor with noisy campaigns at companies ranging from railway Canadian Pacific to payroll and tax services company ADP. He owned stakes in Chipotle Mexican Grill, Hilton Worldwide Holdings and Restaurant Brands International at the end of the first quarter.

Citigroup, UBS Investment Bank, BofA Securities and Jefferies are global coordinators and bookrunners for the initial public offering.

Ackman’s recent string of strong returns – Pershing Square Holdings earned 27% last year, 27% in 2021, 70% in 2020 and 58% in 2019 (It dropped 8.8% in 2022 when the market tumbled) – follow a reorganization of the firm.

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Taking the advice he usually gives to companies to perform better personally, Ackman re-engineered the way he invests and reversed double-digit losses in 2015 and 2016 followed by smaller declines in 2017 and 2018.

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