MH Daily Bulletin: February 7

February 7, 2023 • Posted in Daily Bulletin

News relevant to the plastics industry:

At M. Holland

  • M. Holland will be exhibiting at MD&M West in Anaheim on Feb. 7-9. Stop by Booth #4115 to meet our Healthcare team and discuss how M. Holland’s line of medical-grade resins can help you develop safe and effective medical products and packaging.


More than half of new U.S. electric-generating capacity in 2023 will be solar

Supply Chain

  • The death toll from earthquakes in Turkey and Syria rose to more than 5,000, prompting a massive international rescue operation.
The Countries Hit by the Most Earthquakes

Domestic Markets

  • Goldman Sachs lowered its U.S. recession odds from 35% to 25% within the next 12 months, citing strength in the labor market.
  • Americans have spent about 35% of the extra savings they accumulated during the pandemic.
  • In the latest news from quarterly earnings season:
    • Budget carrier Spirit Airlines saw operating revenue rise 41%, fueled by a strong rebound in travel.
    • Tyson Foods missed quarterly projections following an 8.5% average price decline for its beef products.
  • Sales are slowing sharply for pharmaceutical companies that made windfalls on COVID-19 medicines the past two years.
  • Bed Bath & Beyond plans to raise over $1 billion by selling stock in a last-ditch effort to save itself from bankruptcy.
  • Amazon plans to close some Fresh supermarkets and Go convenience stores in a push to cut costs.
  • Many airlines will not be able to meet looming U.S. deadlines for retrofitting airplane components to safeguard against interference from 5G technology, a trade body said.
  • U.S. farmers are planning a major boost to corn planting this year as a result of falling fertilizer prices.

International Markets


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