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USA: Thousands of tonnes of eggs will be imported from Turkey due to bird flu


According to the Department of Agriculture, about 18 million birds will be culled in December 2024 and 23 million in January 2025. In three years, the spread of the H5N1 virus has forced American farms to cull 158 million turkeys, chickens and, above all, laying hens (from FT: some retailers, including Walmart, are rationing egg sales to the public). This disease will affect inflation in the US

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Trump’s Achilles’ heel


What is Trump's Achilles' heel? It is produced by theenormous and growing public deficit, which obliges the US to find buyers of Treasury bonds for at least two trillion dollars more each year - compared to the previous year - in the hope of not having to increase the interest offered in order to attract investment. If Trump failed in this mission, if he failed to contain the burden of the national debt and to ensure its smooth financing, then he would also be doomed to fail in his most important promise to the voters: to confirm in 2026 the tax cuts for corporations already enacted in his first term (from 35% to 21%) and to strengthen them to 15%. This is where we Europeans come in, in two ways. First, because waving the threat of punitive tariffs for Trump and his team is a scheme to force other countries to buy and hold more US government bonds; in this way, the US could finance its growing public deficit while keeping interest rates on debt under control. In essence, Trump is trying to put Europe in front of a brutal alternative: buy more US debt as it is issued - and buy it despite low yields - or risk losing access to the US consumer market and what remains of the Pentagon's security umbrella. Read this article.

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Investors, such as hedge funds, have distanced themselves from the Magnificent Seven (which includes Amazon)


according to Lisa Shalett, chief investment officer of Morgan Stanley Wealth Management. The Bloomberg index tracking the Magnificent Seven has gained only 1% this year, with losses by Tesla, Microsoft and Alphabet offset by a 25.8% rally for Meta. The stocks of the Magnificent Seven rose more than 160% between the beginning of 2023 and the end of 2024. (The Magnificent Seven are : Apple, Microsoft, Alphabet, parent company of Google, Amazon, Tesla, Nvidia and Meta, parent company of Facebook).

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PFAS in drinking water: companies and the City of Paris denounce


Faced with the crisis of eternal pollutants, two drinking water distributors have decided to play the game of transparency and launch a counter-attack. Eau de Paris, the main public water company in France, and Atlantic'eau, the public water service in the Loire-Atlantique region, communicated on Thursday 13 February the results of their analyses on the presence of PFAS (per- and polyfluoroalkyl substances) in water to respond to the 'legitimate concerns' of their users. The Paris agency announces that it will file a complaint against X in the coming days. The latter concerns several offences: pollution of drinking water supply networks due to the spillage of substances, abandonment of waste and substantial degradation of the environment. The mayor of Paris, Anne Hidalgo, had declared the day before that she was preparing appeals with other authorities and local operators to obtain compensation for ecological damage and to have the staggering costs of the clean-up financed by the producers. "It is the polluters who have to pay, the chemical multinationals that market these pollutants whose toxicity they have known for decades," explains Dan Lert, president of Eau de Paris. Not the users, not the drinking water operators, not the local authorities. "...