Category: 3. Business

Certain cheese products are being recalled due to a possible Listeria contamination, according to the U.S. Food and Drug Administration.

Around 11,530 products from The Ambriola company, under names such as Boar’s Head and Member’s Mark, are being pulled from several states, including Texas.

No illnesses have been reported in connection with this recall, and no other products are affected, the FDA stated.

The recalled cheese was distributed between Nov. 3- 25, 2025.

“We take food safety very seriously and immediately alerted stores and distributors to remove the affected products from shelves,” said Phil Marfuggi, chief executive officer. “We are working closely with the FDA and continuing to test our products and facilities to fully understand the situation.”

If you have one of the products, the FDA said you can either return it to the store where you bought it for a refund or throw it away.

Owners with questions can contact Ambriola at 1-800-962-8224, Monday through Friday, from 8 a.m. to 3 p.m.

Listeria monocytogenes can cause serious and sometimes fatal infections in children, older adults and those with weakened immune systems.

Pregnant women are also at risk, as the infection can cause miscarriages and stillbirths, the FDA said.

Short-term symptoms in healthy individuals include high fever, severe headaches, abdominal pain, diarrhea and nausea.

You can find the specific products and expiration dates here.

---

Read more on KSAT:

The bank component of the financing involved a credit agreement providing for new senior secured credit facilities consisting of a USD1bn senior secured term loan “A” facility, a USD2bn senior secured term loan “B” facility and a USD500 million senior secured revolving credit facility. The bond piece consisted of Rule 144A/Regulation S offerings of USD1.5bn aggregated principal amount of 6.250% Senior Secured Notes due 2032 and USD1bn aggregated principal amount of 7.250% Senior Notes due 2033. 

Genmab is an international biotechnology company dedicated to improving the lives of people with cancer and other serious diseases through innovative antibody medicines. For over 25 years, its passionate, innovative and collaborative team has advanced a broad range of antibody-based therapeutic formats, including bispecific antibodies, antibody-drug conjugates, immune-modulating antibodies and other next-generation modalities. Genmab’s science powers eight approved antibody medicines, and the company is advancing a strong late-stage clinical pipeline, including wholly owned programs, with the goal of delivering transformative medicines to patients.

The A&O Shearman team was led by partners Harald Halbhuber (New York, capital markets), Michael Chernick (New York, debt finance) and Ryan Robski (Toronto/New York, capital markets), and associates Katya Bogdanov (Toronto/New York, capital markets), Ilya Mamin, Joe Tambasco (both New York, capital markets), Nick Slagter and Jahanvi Pandit (both Toronto/New York, capital markets) and Penelope Yan, Becky Hval, Jordan Tan (all New York, debt finance).

Other A&O Shearman lawyers involved in the transaction include partners Derrick Lott and Clare O’Brien (both New York, M&A), Larry Crouch (Silicon Valley, tax), Matthew Brown (Washington D.C., tax), Niels de Ru (Amsterdam, debt finance), Godfried Kinnegim and Rens Bondrager (both Amsterdam, tax), and associates Katherine Teng and Jake Shaughnessy (both New York, M&A), Daniel Kachmar and Brandon Fawbush (Washington D.C., tax), Joy Kloosterman (Amsterdam, tax), Sophia Evenhuis and Michaël Guenneguez (both Amsterdam, global financial markets), Mercedeh Naseri (Amsterdam, debt finance), Sy Ro (New York, funds) and Stephanie Li (Washington D.C., funds).

Firm News  |  January 9, 2026

---

Gibson Dunn advised Diginex Limited, a leading provider of Sustainability RegTech and data management solutions, on the signing of a definitive agreement to acquire PlanA.earth GmbH, one of Europe’s leading AI-powered carbon accounting and decarbonization platforms.

Our corporate team includes partners Robert Giannattasio and Christopher Lang.

US Treasury Secretary Scott Bessent said his risky US gamble on Argentina’s currency has paid off.

Bessent said American financial support had been repaid and the US no longer held any Argentine pesos in its exchange stabilisation fund.

The US had purchased the then-plunging currency last year in an effort to stave off further turmoil and boost the party of President Javier Milei, a key ally of President Donald Trump, in the run-up to national midterm elections.

The move sparked criticism from Democrats, who accused Bessent of risking taxpayer money on a country with a long history of financial turmoil.

In the end, Bessent said the manoeuvre had been a success.

“Stabilising a strong American ally – and making tens of millions in profit for Americans – is an America First homerun deal,” he wrote in an announcement on social media.

When the US moved to intervene in September, people were dumping the peso, mindful of the shocks they had experienced after previous elections and rattled by signs that Milei’s party might experience an upset in the mid-terms.

Bessent promised to do “what was needed” to stave off further drops in September. He announced a month later that the US had purchased pesos and agreed to extend a swap line to Argentina, allowing the country to exchange pesos for dollars.

The move helped to halt the falls in the currency, which saw further gains after Milei’s party clinched a landslide victory in the mid-term elections, though it has drifted lower more recently.

Argentina’s central bank said it settled the swap line in December. It ultimately traded just $2.5bn in pesos for dollars of a possible $20bn, according to a government report on deal.

The report said the US had also separately provided $872m in support involving reserves held at the IMF.

The Treasury Department did not immediately respond to a request for comment on that transaction.

“Getting your money back is a straight forward definition of a success,” said Brad Setser, senior fellow at the Council on Foreign Relations, even if he said tens of millions in profit was “small change” given the sums involved.

But he said big challenges continue to face the Argentine economy, given how much it spent last year from its reserves to prop up the currency.

“It’s been a short term success – Bessent got his money back,” he said. “I do remain worried that the Argentines are relying too heavily on the expectation that Secretary Bessent will ride to the rescue … and therefore aren’t showing enough urgency in their plans to rebuild their own reserves.”

Kettering University and the Michigan Economic Development Corp. (MEDC) have named 19 Kettering students to represent the University’s latest class of Michigander Scholars. The innovative Michigander Scholars program offers scholarships of $5,000 and up to $10,000 to qualifying scholars who complete a Co-op (or internship) and/or accept a full-time position as a computer, electrical, or process engineer, or as a software developer (or a similar job title) with a participating company.

Employers such as Ford, GM, BorgWarner, Bosch, Hemlock Semiconductor, Magna, Mahle, Nissan, Our Next Energy Inc., and ZF are investing in this growing talent pipeline to ensure a steady flow of skilled professionals ready to contribute to next-generation mobility, energy, and manufacturing sectors.

The Michigander Scholars program strengthens Michigan’s innovation ecosystem by connecting high-achieving students in tech and engineering with the state’s leading employers. Through career mentorship, industry engagement, and paid experiential learning, including Kettering University’s signature Co-op program, the initiative fosters early and ongoing relationships between students and companies that shape Michigan’s future economy.

The first of its kind in the United States, this program represents an unprecedented public-private partnership with some of Michigan’s leading advanced manufacturing employers and universities. This MEDC initiative is a vital talent retention strategy that fills in-demand jobs in the semiconductor and electric vehicle industries, which are essential to Michigan’s economic growth.

This class of Michigander Scholars includes:

FORD MOTOR COMPANY

• Leonardo Durasevic, Chesterfield, Dakota High School, Class of 2028, Mechanical Engineering
• Yusef El-Sheikh, Canton, Plymouth High School, Class of 2028, Electrical Engineering
• Sumukh Kallur, Novi, Novi High School, Class of 2028, Mechanical Engineering
• Briana Lapuz, Farmington Hills, Mercy High School, Class of 2027, Electrical Engineering
• Josiah Thompson, Macomb Township, Parkway Christian School, Class of 2028, Computer Science
• Brandon White, Livonia, Churchill High School, Class of 2029, Electrical Engineering

GENERAL MOTORS

• Jordan Ceperov, Saline, Saline High School, Class of 2028, Mechanical Engineering
• Paul Ibegbu, Canton, Divine Child High School, Class of 2028, Computer Engineering
• Alyssa Shelton, Fenton, Hartland High School, Class of 2026, Mechanical Engineering*
• Ashmit Swarnkar, Novi, Detroit Catholic Central High School, Class of 2027, Mechanical Engineering
• Evan Thompson, Highland, Milford High School, Class of 2028, Computer Science
• Aaliyah Washington, Lansing, Waverly High School, Class of 2027, Industrial Engineering
• Alexander Yolles, Fair Lawn, New Jersey, Fair Lawn High School, Class of 2024, Electrical Engineering*

HEMLOCK SEMICONDUCTOR

• Elijah Rowland, Owosso, Flushing High School, Class of 2027, Mechanical Engineering

MAGNA

• Maddison Bourbeau, Grand Blanc, Grand Blanc High School, Class of 2027, Mechanical Engineering
• Kianna Lucas, Spring, Texas, Class of 2026, Engineering
• Giuseppe Waller, Ypsilanti, Plymouth Christian Academy, Class of 2028, Mechanical Engineering

MAHLE

• Andrew Johnson, Columbiaville, Lapeer High School, Class of 2027, Mechanical Engineering

MOBIS

• Aidan Petras, Sterling Heights, Stevenson High School, Class of 2026, Computer Engineering

* Student was awarded a $10,000 full-time scholarship and will complete a Co-op (or internship) and/or accept a full-time position as a computer, electrical, or process engineer, or as a software developer (or a similar job title) with a participating company.

The Airbus A350-900 entered commercial service with Emirates in January 2025. And now, 12 months on, an additional five routes have been announced on the equipment. It’ll fly from Dubai to Cape Town, Copenhagen, Phuket, Rome Fiumicino, and Taipei. It comes as the Gulf giant removes the A380 from Copenhagen, while Etihad Airways adds a brand-new unusual European route.

According to ch-aviation.com, Emirates’ commercial fleet consists of 272 aircraft. Some 260 of these are passenger-configured, while 12 are freighters (including one frame that’s undergoing conversion). Its passenger subfleet consists of 118 Boeing 777-300ERs, 116 A380s, 16 A350-900s, and ten 777-200LRs.

Emirates’ Five New A350 Routes

They are as shown above and summarized below. Some caution is needed. None of the routes are new to Emirates’ network, but all are new to seeing the A350. However, there are three significant developments.

First, the type means Copenhagen will have a twice-daily frequency for the first time. It’ll help compete with Etihad, whose Copenhagen frequency recently rose to daily, with the route to see the 787-9 rather than the A321LR during the summer. Second, Emirates will fly three times daily to Cape Town for the first time in seven years. Third, the ever-popular tourist resort gateway of Phuket will have three daily flights for the first time.

Phuket’s development is particularly notable. Emirates’ expansion comes as Etihad’s frequency jumped to more or less three daily in late 2024 and increased to four daily departures in late 2025. The A321LR, which currently serves Phuket daily, will operate half of Etihad’s flights from April.

Emirates Plans 25 A350 Routes In 2026 (For Now)

The Gulf carrier currently has 16 A350-900s. Each frame is in a three-class layout, with business, premium economy, and economy seats. They’re in two configurations: 298 seats—which is the airline’s lowest-capacity equipment—and 312 seats. When combined, the Airbus twinjet will be deployed to 25 airports from Dubai. This is what’s known as of January 9, and it will, of course, change.

Seven additional airports are due to see it in 2026. There are the five places mentioned above, along with two more. On January 11, the type will take off for Montreal, with the daily service replacing the 777-200LR. The 298-seater will be deployed, providing a much-improved offering compared to what is currently used.

On February 8, the A350 will be deployed to London Gatwick. When other equipment is included, the type’s arrival means Emirates will have a total of four daily flights to the UK’s second-busiest airport and 12 to 13 to London. The additional service to Gatwick will arrive at 8:50 pm (9:30 pm during the summer) and leave at the highly unusual time of 11:55 pm. It’ll be the airline’s latest departure from Europe to Dubai.

Pure Speculation: Will Seattle Be Emirates First A350 Destination In The US?

The A350 has replaced or will replace the 777-200LR on multiple routes. That is not surprising. After all, they have similar total capacities, while the 200LRs are pretty old (they average nearly 18 years) and will be replaced. While its A350s are significantly more expensive ownership-wise, they burn far less fuel. And they benefit from having premium economy cabins—especially important on long-haul routes—and the airline’s latest products.

Is it a coincidence that Emirates has just revealed that the 200LR will replace the 777-300ER to Seattle? The long route’s seat load factor is not impressive, with the downgauge cutting 8% of the available seats, which should help with loads and yields. The equipment switch means Seattle loses premium economy—something the A350 has. I’d not be surprised to see the Airbus twinjet flying to Seattle.