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FDA clears Taylor Farms lettuce from Cyclospora outbreak; Samsung cuts 739 US jobs; Apple hikes iPhone prices in Japan.

Market News
20 Jul 2026
Seeking Alpha
View Source
Neutral
pluang ai news

The FDA has confirmed no positive Cyclospora samples from Taylor Farms lettuce, reversing earlier concerns that led to recalls by Taco Bell and Walmart. Samsung is cutting 739 U.S. jobs as it moves its American headquarters from New Jersey to Texas to boost collaboration, with some layoffs in Plano, Texas. Apple raised iPhone prices in Japan by up to 11%, increasing costs by ¥8,000 to ¥20,000 ($49 to $123) without public explanation. Meanwhile, Fervo Energy shares rose 5% after Jefferies upgraded the stock to Buy, citing a 40% drop from IPO highs as a buying opportunity.

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