Afternoon Coffee: FDA to Review ‘Healthy’ Food Regulations, Wholesale Trade Rises in March

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The U.S. Food and Drug Administration will reportedly reexamine what “healthy” food means and how companies can label products advertised as healthy. The agency said it would reevaluate its regulations on food nutrient content claims and will ask for the public’s opinion in the process.

Wholesale trade increased 0.7% in March to $403.7 billion from February, the U.S. Census Bureau reported today. Wholesale trade is, however, down from March 2015 numbers by 2%.

Small businesses were slightly more optimistic in April, according to the National Federation of Independent Business optimism index, which rose 1 point to 93.6 last month. It was a larger rise than economists predicted and reversed a downward trend seen in previous months.

The U.S. Army Corps of Engineer denied a permit for a large coal export terminal in Washington, called the Gateway Pacific Terminal. The proposed $665 million project was rejected because it would have restricted water access and fishing rights to the Lummi Nation of American Indians.

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