CNBC

The fluorescent red of Flamin’ Hot Cheetos, the brilliant teal of Mountain Dew Baja Blast and the colorful rainbow of Skittles may soon be dimmed. The Food and Drug Administration is phasing out the use of petroleum-based synthetic dyes by the end of next year, the agency announced on Tuesday. “For the last 50 years, American children have increasingly been living in a toxic soup of synthetic chemicals,” FDA Commissioner Marty Makary said at a press conference.

Tesla reported a miss on the top and bottom lines in its first-quarter earnings report on Tuesday as automotive revenue plunged 20% from a year earlier. Here are the key numbers:

We're going LIVE with Senior Markets Correspondent Bob Pisani to answer all of your questions about the latest stock market moves. Tune in Wednesday at 1 p.m. ET. Have a question for Bob? Leave a comment👇

As investors face tariff uncertainty, President Donald Trump remains committed to the strategy — even suggesting tariff revenue could offset the federal income tax. "There is a chance that the money from tariffs could be so great that it would replace" the income tax, Trump said in an interview with Fox earlier this month. It's an idea that Trump floated during his presidential campaign last year in a meeting with Republican lawmakers. (Changes to the income tax would require Congressional legislation.)

President Donald Trump stands "strongly behind" Secretary of Defense Pete Hegseth, White House press secretary Karoline Leavitt said Tuesday, despite new reports that he discussed highly sensitive military information on a Signal chat with family and friends. Hegseth is "doing a tremendous job, and he is bringing monumental change to the Pentagon," said Leavitt. "There's a lot of people in the city who reject monumental change, and I think, frankly, that's why we've seen a smear campaign against the Secretary of Defense," she added.

Meta's core online advertising business could take a $7 billion hit this year due to President Donald Trump's tough China tariffs impacting retailers in the country. That's according to a MoffettNathanson research note published Tuesday that analyzes the potential impact of China-linked retailers like Temu and Shien slashing their Facebook and Instagram advertising budgets amid the U.S. and China trade dispute. The MoffettNathanson analysts pointed to Meta's latest annual report in which the company revealed that its China revenue was $18.35 billion in 2024, equating to a little over 11% of total its total sales. Like other analysts, MoffettNathanson believe Temu and Shien comprise the bulk of Meta's China business, and if those online retailers cut back on their ad campaigns this year, the social networking giant's 2025 ad sales could be impacted by $7 billion.

Treasury Secretary Scott Bessent told investors in a closed-door meeting Tuesday he expects "there will be a de-escalation" in President Donald Trump's trade war with China in the "very near future," a person in the room told CNBC. Full details: cnb.cx/4cIRFdT

Here's how the insurance business model works. cnb.cx/42nsWsg

The broad public and investors have something in common these days: They don't have a lot of love for either Tesla or CEO Elon Musk. Tesla’s stock has undergone a withering sell-off, and the CNBC All-America Economic survey finds more than 47% of the public have a negative view of the company. Another 27% are positive on the electric vehicle maker, while 24% are neutral. Find more: cnb.cx/4jgbITy

Chevron is not seeing indications that the U.S. is close to a recession even as President Donald Trump's tariffs weigh on expectations for oil demand, CEO Mike Wirth said Tuesday. Full details: cnb.cx/3GhgZvL