Wall Street Breakfast FDA reels in radioactive shrimp at Walmart
6 snips
Aug 20, 2025 Walmart faces a shrimp recall in 13 states due to radioactive contamination, raising safety concerns for consumers. In tech news, an OpenAI competitor boasts a $90M revenue run rate. Canva is making waves with a share sale that values it at $42 billion as it gears up for its IPO. Additionally, the U.S. expands tariffs on hundreds of steel and aluminum products, including auto parts, while individual investors are predicted to pull back on stock purchases this month.
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Radioactive Shrimp Prompts Recall And Import Alert
- Walmart recalled Great Value raw frozen shrimp after an FDA test found cesium-137 in one sample that did not enter U.S. commerce.
- The FDA added BMS Foods of Indonesia to an import alert while its investigation continues.
Manus Hits $90M Run Rate
- Butterfly Effect-backed Manus reached a $90 million annual revenue run rate and is now based in Singapore.
- Manus is being compared to advanced agentic AI from OpenAI, Google, and Anthropic.
Canva Valuation Jumps To $42B
- Canva initiated an employee stock sale valuing the company at $42 billion, up 30% from 2024's valuation.
- The company reports 240 million monthly active users and about $3.3 billion annualized revenue.