New York—Attorney general of the state of New York Eric T. Schneiderman issued subpoenas in July to leading energy drink makers PepsiCo, Inc., maker of AMP; Monster Beverage Corp. and Living Essentials LLC, maker of 5-hour Energy drinks, the Wall Street Journal reports. The accuracy of these companies’ marketing and advertising on behalf of these products is being called into question.
S&P 500 stock shares of Dean Foods spiked 34% on August 8th, when the company announced it would put forth an IPO for 20% of its WhiteWave Foods division, which houses the Horizon Organic milk and Silk Soy brands.
Utah—Natural products industry champion Senator Orrin Hatch (R-UT) is one step closer to keeping his seat in Congress. In a sweeping victory over opponent Dan Liljenquist, Hatch won his party’s nomination with 67% of the vote.
Washington, D.C.— NASFT’s 58th Summer Fancy Foods Show was held at the Walter E. Washington Convention Center from June 17-19, hosting over 2400 exhibitors from all over the world, in what was its final appearance in the nation’s capital before returning to New York’s Javits Center for 2013.
The American Herbal Products Association (AHPA) was informed last night (June 19) that the U.S. Food and Drug Administration plans to disseminate a revised draft guidance on new dietary ingredients (NDIs) used in dietary supplements.
The guidance, originally issued July 5, 2011, was widely criticized by the industry, which claimed that it was a flawed attempt by the agency to reinterpret the NDI section of the Dietary Supplement Health and Education Act of 1994 (DSHEA).
Lakewood, CO—Natural and organic retail chain Natural Grocers by Vitamin Cottage will try to raise $115 million through the sale of common stock on the New York Stock Exchange (NYSE). The company filed as Natural Grocers by Vitamin Cottage Inc., and would like to trade on the NYSE under the symbol “NGVC.”