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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
RetailRecalls

John Deere issues largest tractor recall in 20 years over failing brakes

By
Michael Hirtzer
Michael Hirtzer
and
Bloomberg
Bloomberg
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By
Michael Hirtzer
Michael Hirtzer
and
Bloomberg
Bloomberg
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September 26, 2024, 1:23 PM ET
Screenshot of the recalled John Deere tractor.
John Deere has recalled the above tractor models as of September 26.Courtesy John Deere
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Deere & Co. is recalling almost 165,000 compact utility tractors in the US and Canada due to a braking issue that can cause a crash, according to a Consumer Product Safety Commission notice Thursday.

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The world’s largest farm machinery maker has received four reports of the tractor’s brake linkage failing, with one person hospitalized, the CPSC said. It’s the biggest recall since at least 2000 for Deere, according to CPSC data. Deere didn’t immediately respond to a request for comment.

Consumers are urged to respond to the recall for tractor models 1023E, 1025R, and 2025R, with 147,900 sold in the US and about 16,800 in Canada between November 2017 and July of this year. 

The recall comes after former President Donald Trump said Monday that, if he’s re-elected, he’d impose tariffs on products that Deere said it would soon make in Mexico.

Shares of Deere, which makes most of its revenue from larger farm machinery and not its compact lines, were up more than 1% at midday in New York.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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