The United States and European Union have penned a framework agreement on transatlantic trade in which they agree US commodities including cattle, soy and wood pose zero deforestation risk. The US has been assigned a "low risk" status along with EU states. A new "neglibible status" is being discussed in Europe. If this status come in to being than the US would seek this status. A product is considered "neglible risk" when due diligence processes find there is no cause for deforestation concern.

The former frontman of the heavy metal band Black Sabbath died on Tuesday at the age of 76. Ozzy Osbourne, legendary frontman of the English band Black Sabbath, singer-songwriter, and TV personality, died on Tuesday at the age of 76. A pioneer of heavy metal music, Osbourne leaves behind a musical legacy spanning more than five decades. BMG manages the classic Black Sabbath song catalog outside North America.

Labor talks at U.S. ports on the East Coast and Gulf of Mexico are a looming risk for retailers, manufacturers and other shippers already grappling with longer transit times and higher costs. The International Longshoremen's Association contract covering 45,000 dockworkers at three dozen ports stretching from Maine to Texas expires on Sept. 30. If there is no deal by then, the union could call a strike that would hit during the vital holiday container shipping season and labor-friendly U.S. President Joe Biden's bid for reelection. The ILA on Monday called off this week's planned start of talks with the U.S. Maritime Alliance, citing one member of that employer group's use of automation technology in violation of prior agreements.