Tyson Foods Inc. (NYSE: TSN) reports improved poultry health after reintroducing certain antibiotics, resulting in better weight gain and reduced mortality rates. CEO Donnie D. King notes this shift, part of a broader efficiency strategy, has strengthened their chicken business. Tyson remains committed to avoiding antibiotics critical to human medicine, reflecting its balanced approach amid rising costs and surplus supply.
Zoetis Inc (NYSE: ZTS) beats revenue expectations with 10% Y/Y increase. U.S. segment up 16%, international up 3%. FY24 guidance revised higher. ZTS shares up 4.66%.
The latest U.S. labor market report showed a remarkable rise in nonfarm payrolls in May, with a surprising gain of 339,000, marking the strongest pace of employment growth since January 2023.