Mad cow disease found in California; no human threat seen

A woman picks up a box of Australian beef as local and Australian beef are displayed on a stand at Lotte Mart in SeoulWASHINGTON (Reuters) – U.S. authorities reported the country’s first case of mad cow disease in six years on Tuesday, swiftly assuring consumers and global importers that there was no danger of meat from the California dairy cow entering the food chain. Agriculture Secretary Tom Vilsack gave assurances that the finding posed “no risk to the food supply or to human health”, a line that seems to have been accepted by major foreign buyers. Fears of a potential backlash among consumers and big importers of U.S. …

Lilly quarterly sales, profit beats forecasts

(Reuters) – Eli Lilly & Co’s quarterly profit fell on plunging sales of its Zyprexa schizophrenia drug, but results handily topped Wall Street forecasts, helped by strong sales of anti-depressant Cymbalta and demand for the company’s animal health products. The earnings beat, relative to investor expectations, was also due to cost controls, surging demand in China for its products and because Zyprexa’s decline was not as steep as had been feared, said company spokesman Mark Taylor. The Indianapolis drugmaker said on Wednesday it earned $1.01 billion, or 91 cents per share in the first quarter. …

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