Louisiana at risk: Federal funding accounted for nearly 40% of overall revenue in almost half of U.S. states as of 2022, the latest figures available. Louisiana leads the nation for federal funding making up the greatest share of state revenue (50.5%) followed by Alaska and Arizona. Read more from Axios.
Goodbye to bright hues: Food manufacturers may have to find new dyes after the Food and Drug Administration announced Tuesday it would phase out the use of petroleum-based synthetic dyes by the end of next year. Food and beverage companies use additives like red dye 40 to give cereal, chips, sports drinks and other products bright hues that attract shoppers. But backlash against artificial colorants has been brewing in the U.S. for more than a decade. Read more from CNBC.
Uncertainty over tariffs: U.S. business activity slowed to a 16-month low in April and prices charged for goods and services soared amid uncertainty caused by tariffs. The survey from S&P Global on Wednesday also showed that President Donald Trump’s protectionist trade policy and an immigration crackdown were slowing U.S. goods exports and tourism. Read more from Reuters.