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RNC Day 3 will feature JD Vance’s first speech as VP nominee
Wednesday, the third night of the Republican National Convention, with the night expected to focus on foreign policy.
Vance’s speech, the final one of the night, will be eagerly watched by Republicans, given his recent breakout on the national scene. He is only 39 years old and was only first elected to the Senate in 2022, and his 2016 book, “Hillbilly Elegy,” shot to the top of the Amazon bestseller list this week when former President Donald Trump announced his selection.
Republicans are expected to focus Wednesday on foreign policy, and Vance’s worldview has come into focus since his selection. In May, he told “Face the Nation” that the U.S. “could learn from” some of far-right Hungarian Prime Minister Viktor Orbán’s controversial policies, including how to eliminate what he views as a left-wing bias at American universities. And at the Munich Security Conference earlier this year, Vance said it wouldn’t be realistic for the U.S. to continue providing the same level of assistance to Ukraine moving forward.
The Republican National Convention is occurring amid one of the most dramatic weeks in politics in history. President Biden continues to face calls to step aside for the Democratic nomination in May, with Democratic Senate candidate Rep. Adam Schiff of California — a close ally of former House Speaker Nancy Pelosi — becoming the most prominent member of the Senate to call for Mr. Biden to step aside.
Additionally, both campaigns are reeling after a gunman on Saturday’s assassination attempt of Trump. A bullet grazed his ear — described by Eric Trump as a “flesh wound” — and a sniper took out the gunman, identified as a 20-year-old Pennsylvania man, but his motive remains unclear days after the shooting. A bystander was also killed, and two other people who were shot are now in stable condition after being critical for days.
Trump made his first public appearance since the assassination attempt on Monday, the first night of the RNC.
Follow below for live updates of the RNC Day 3:
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Tupperware files for bankruptcy amid slumping sales
Tupperware and some of its subsidiaries filed for Chapter 11 bankruptcy protection, the once-iconic food container maker said in a statement late Tuesday.
The company has suffered from dwindling sales following a surprise surge during the COVID-19 pandemic, when legions of people stuck at home tried their hands at cooking, which increased demand for Tupperware’s colorful plastic containers with flexible airtight seals.
A post-pandemic rise in costs of raw materials and shipping, along with higher wages, also hurt Tupperware’s bottom line.
Last year, it warned of “substantial doubt” about its ability to keep operating in light of its poor financial position.
“Over the last several years, the Company’s financial position has been severely impacted by the challenging macroeconomic environment,” president and CEO Laurie Ann Goldman said in a statement announcing the bankruptcy filing.
“As a result, we explored numerous strategic options and determined this is the best path forward,” Goldman said.
The company said it would seek court approval for a sale process for the business to protect its brand and “further advance Tupperware’s transformation into a digital-first, technology-led company.”
The Orlando, Florida-based firm said it would also seek approval to continue operating during the bankruptcy proceedings and would continue to pay its employees and suppliers.
“We plan to continue serving our valued customers with the high-quality products they love and trust throughout this process,” Goldman said.
The firm’s shares were trading at $0.5099 Monday, well down from $2.55 in December last year.
Tupperware said it had implemented a strategic plan to modernize its operations and drive efficiencies to ignite growth following the appointment of a new management team last year.
“The Company has made significant progress and intends to continue this important transformation work.”
In its filing with the U.S. Bankruptcy Court for the District of Delaware, Tupperware listed assets of between $500 million and $1 billion and liabilities of between $1 billion and $10 billion.
The filing also said it had between 50,000 and 100,000 creditors.
Tupperware lost popularity with consumers in recent years and an initiative to gain distribution through big-box chain Target failed to reverse its fortunes.
The company’s roots date to 1946, when chemist Earl Tupper “had a spark of inspiration while creating molds at a plastics factory shortly after the Great Depression,” according to Tupperware’s website.
“If he could design an airtight seal for plastic storage containers, like those on a paint can, he could help war-weary families save money on costly food waste.”
Over time, Tupper’s containers became popular that many people referred to any plastic food container as Tupperware. And people even threw “Tupperware parties” in their homes to sell the containers to friends and neighbors.
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JD Vance echoes Trump, blames Democrats for apparent assassination attempt
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