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☆ Russia appeared to waste a Lancet drone on decoy of a Ukrainian Su-25 aircraft, video shows
▼ + stars: | 2023-12-02 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

A video appears to show a Russian Lancet drone striking a Ukrainian Sukhoi Su-25 jet. AdvertisementRussia attacked what appeared to be a decoy of a Ukrainian Sukhoi Su-25 jet at an air base. A video circulating on social media shows the strike filmed from above, as well as footage from the attacking Russian Lancet drone. Earlier today, Russian channels released a video reportedly showing a Lancet attack drone striking a Ukrainian Su-25 at Kryvyi Rih Air Base. Decoy Su-25 vs Ukrainian Su-25It is a remarkably accurate decoy, possibly using donor parts from a retired Su-25, but the nacelles give it away.

Persons: Ukrainian Sukhoi Su, —, Ukrainian Su Organizations: Service, Base, Center for Naval, Kryvyi Locations: Russian, Ukrainian Sukhoi, Russia, Ukraine, Ukrainian, Dnipropetrovsk Oblast

☆ Remember when Fran Fine’s fashion broke the ’90s TV show mold?
▼ + stars: | 2023-11-30 | by ( Marie Lodi | ) edition.cnn.com time to read: +6 min

Still, not many have had the cultural impact of “The Nanny” herself, Fran Fine. Over the years, fan accounts like What Fran Wore and the Fran Fine Fashion Database have documented all of the character’s roughly 700 outfits. Drescher in character as Fran Fine in a promotional photo for "The Nanny", pictured with the show's other principcal cast members. CBS/Getty ImagesCooper says that when she first envisaged Fran’s aesthetic, it didn’t reflect early ‘90s fashion trends. It’s no wonder that after all these years, fans of “The Nanny” and fashionable TikTokers continue to cosplay as Fran in swarms.

Persons: Cher Horowitz, Dionne Davenport, “, Carrie Bradshaw, ’, Rachel Green, ”, Fran Fine, Fran, Fran Drescher, Fran Wore, Drescher, Charles Shaughnessy, Maxwell Sheffield, Daniel Davis, Niles, Lauren Lane, Babcock, Madeline Zima, Grace Sheffield, Benjamin Salisbury, Tom, Maggie Sheffield, Brenda Cooper, Shawn Holly Cookson, Terry Gordon, Cooper, Todd Oldham, Dolce, Gabbana, Bob Mackie, Anna Sui, Brenda Cooper’s, Moschino, Leger, ” Cooper, Neiman Marcus, —, ” Moschino, Jennie Walker, ” Walker, Kate Spade, Gucci, Vivienne Westwood, Cooper didn’t, suede, “ Organizations: CNN, City, Flushing, Brighton Sheffield, CBS, Getty, Vogue, “ Locations: Versace, Italian, LA

☆ Novo Nordisk sues two pharmacies for allegedly selling tainted Wegovy, Ozempic knockoffs
▼ + stars: | 2023-11-30 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Compounding pharmacies prepare custom-made versions of commercially available treatments to meet the specific needs of a patient. Novo Nordisk first sued Brooksville Pharmaceuticals over copycat versions of Wegovy and Ozempic in July. Including the newest lawsuits, Novo Nordisk has filed 12 legal actions against compounding pharmacies, medical spas and weight loss clinics allegedly selling dupes of Wegovy and Ozempic. That puts patients "at risk of taking drug products that are less effective than expected based on their labeling," according to Novo Nordisk. Several states have also threatened to take legal action against compounding pharmacies that make or distribute unapproved variations of Novo Nordisk's weight loss treatments.

Persons: Eli Lilly, Jason Brett, Novo Organizations: Novo Nordisk, Wells Pharmacy Network, Brooksville Pharmaceuticals, Nordisk, Wells Pharmacy, Novo, U.S . Food, Drug Administration, FDA, CNBC PRO Locations: Oslo, Norway, Florida, U.S, Danish, Ozempic

☆ Inside David Solomon's evolution of Goldman Sachs
▼ + stars: | 2023-11-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at a fascinating deep dive into the state of Goldman Sachs, including an interview with CEO David Solomon. The big storyLong live GoldmanJon Krause for InsiderDid Goldman Sachs need to die to survive? The prestigious Wall Street bank has drawn plenty of bad headlines over the past few years, often focused on CEO David Solomon. AdvertisementMichael Kovac/Getty ImagesMcLean's story provides a fascinating look at not just Goldman Sachs' evolution but Wall Street's. Goldman COO John Waldron told McLean it's a "big, big issue" at the bank.

Persons: —, we've, it's, Goldman Sachs, David Solomon, What's, Goldman Jon Krause, Solomon, Bethany McLean, McLean, he's, hasn't, Michael Kovac, Banks, Goldman, John Waldron, McLean it's, wouldn't Goldman, Jerome Powell, Carlos Barria, Mark Zuckerberg, Jeff Bottari, Mark, TikTok, Ian Grandjean, Chatbots, Frederick Banting, Travis Barker, King Charles III, Yuna, Condoleezza Rice, Claude Monet, Ina, Terri Peters, Ina Garten, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Business, Enron, Brookings Institution, UBS, Moody's, Facebook, Google, Meta, Apple Locations: Washington, Roman, New York City, San Diego, London, New York

☆ Is that $35 Apple Watch real? How misleading TikTok influencer videos could be the next big headache in e-commerce
▼ + stars: | 2023-11-13 | by ( Dan Whateley | ) www.businessinsider.com time to read: +8 min

Tyler linked his post to a $34.88 smartwatch available on TikTok Shop from a merchant called MoonMates, which did not represent the item as Apple-made. Because the video featured a TikTok Shop tag, Tyler was likely eligible for a commission on any watch sales his video generated. Others may do it unintentionally because they're not entirely sure whether a steeply discounted TikTok Shop product is authentic. If false video reviews proliferate across TikTok Shop, it could pose an existential risk for the nascent e-commerce platform. TikTok user Vincent Patritto went viral in September after promoting a pair of Crocs that were available on TikTok Shop.

Persons: Austin Tyler, Tyler, TikTok, they're, Brett Hollenbeck, Hollenbeck, it's, Vincent Patritto, they've, Patritto, Lululemon Athletica, Influencers, aren't Organizations: Apple, Apple Watch, Shop, UCLA's Anderson School of Management, New, Prime, YouTube, Expedia, UCLA

☆ Check out how different the inside of fake AirPods look compared to the real thing
▼ + stars: | 2023-11-13 | by ( Haley Tenore | ) www.businessinsider.com time to read: +4 min

Jon Bruner, head of marketing at Lumafield, shared some CT scans of real and counterfeit AirPods. On Tuesday, Bruner shared some photos to X showing CT scans of a real pair of AirPods compared to some counterfeitsLumafield calls the engineering of the AirPods Pro a "marvel of miniaturization." AdvertisementAdvertisementLumafield reviewed some key differences between the batteries, circuitry, and overall quality in the real and counterfeit AirPods. The real AirPods scanned were a pair of AirPods Pro, the most expensive of Apple's wireless earbud lineup. Jon Bruner/LumafieldThe fake AirPods also have fewer microphones, so you won't get as good sound quality as you would with the real AirPods, according to Lumafield.

Persons: Jon Bruner, —, Bruner, Lumafield, it's, you've Organizations: Service

☆ Nvidia CEO Jensen Huang, known for his leather jacket, has his wife and daughter to thank for his signature style
▼ + stars: | 2023-10-30 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Nvidia CEO Jensen Huang credited his style to his wife and daughter in a recent interview. The interest in his signature style comes as the chip maker attempts to cash in on the AI hype. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementJensen Huang, the CEO of Nvidia, is rarely seen in public without his shiny black leather jacket — but he doesn't take credit for his signature style. AdvertisementAdvertisementThe CEO of the chip giant is married to Lori Huang, who he met when he was 16 in an electrical engineering class.

Persons: Jensen Huang, —, Ryan Patel, Patel, Huang, Lori Huang, Huang isn't, Nvidia didn't Organizations: Nvidia, Service, Wilson Jackets, Bloomberg, Google, Microsoft

☆ Fashion brands want you to be able to identify fake designer merchandise
▼ + stars: | 2023-10-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

‘It’s almost seen as a hack’These tactics are all part of the industry’s hope to neutralize the booming counterfeit market, with some estimates asserting that fake fashion and luxury items account for 60% or more of the multi-trillion-dollar trade in fake goods. Sympathy for brands “can be hard for consumers in general, particularly those who are deeply steeped in TikTok culture,” Scafidi said. According to Business of Fashion, the average price for a women’s designer handbag in the US spiked 27% from 2019 to 2022. Last year saw record-breaking profits for the luxury sector, with around 95% of brands seeing growth, according to an estimate by consulting firm Bain & Company. “Right now, vintage is on trend, and we actually see new replicas of vintage items — items that were made in the ’80s or ’90s,” Thompson said.

Persons: Louis Vuitton, Cartier, Birkin, Miu Miu, Chanel, ”, Simon Lock, LVMH, Maison, OTB, ‘ It’s, dupes, Counterfeiters, Sarah Davis, “ it’s, what’s, Susan Scafidi, “, Leah Abucayan, ” Scafidi, Fashionphile, Davis, Hunter Thompson, “ It’s, ” Thompson, ” Davis, Scafidi, Romain Carrere, “ We’re, ” Carrere, it’s Organizations: CNN, luxe, Ordre Group, Burberry, Prada Group, Dior, Prada, YouTube, Social, Fashion Law, Business of Fashion, Bain & Company, Technology, Blockchain Locations: Fashionphile, Europe, —

☆ Russia is painting decoy Tu-95 strategic bombers on the tarmac of its main bomber air base, report says
▼ + stars: | 2023-10-01 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Russia is painting silhouettes of its valuable Tu-95 strategic bombers on the tarmac of an air base. The decoys could be an attempt to confuse possible Ukrainian strikes, The War Zone reported. AdvertisementAdvertisementRussia is painting the silhouettes of its prized Tu-95MS strategic bombers at its main bomber base as a decoy, a report says. Satellite imagery obtained by The War Zone shows the two-dimensional painted decoys on the tarmac of Engels-2, a strategic bomber base east of Saratov in Russia. However, The War Zone notes that they are unlikely to be effective, given that it is easy to spot as fake even in commercially available satellite imagery.

Persons: — Organizations: Service, Planet Labs, 116th Mechanized Brigade, 110th Mechanized Brigade Locations: Russia, Engels, Saratov, Ukraine, Moscow, Russian

☆ Russia's inflatable decoy tanks are 'not credible' and need to be way better to trick Ukraine, expert says
▼ + stars: | 2023-09-27 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

Russia is using inflatable tanks as decoys in Ukraine. The Russian decoys are too obvious and unlikely to trick Ukraine, he said. However — the imagery becomes a lot less intimidating once you realize that they are inflatable decoys and not real war machines. A Ukrainian UAV spots Russian inflatable decoys of T-72 tanks. Decoys — whether they're inflatable, wooden knockoffs , or high-quality lookalikes — can be highly effective on the battlefield, de Bretton Gordon continued.

Persons: —, Hamish de Bretton Gordon, they're, de Bretton Gordon, Bretton Gordon, Corbis, Gordon, Chris Panella, Anton Gerashchenko Organizations: Service, British Army Locations: Russia, Ukraine, Ukrainian

☆ Ukrainian drone video captures inflatable Russian tanks on the battlefield, highlighting the role decoys and deception are playing in the war
▼ + stars: | 2023-09-25 | by ( Chris Panella | ) www.businessinsider.com time to read: +3 min

A new video shows a Ukrainian drone spotting a field full of inflatable Russian T-72 tanks. It's not the first time either side has employed decoys to confuse the enemy and waste weapons. Ukraine previously saw deflated Russian rubber tanks in Zaporizhzhia and lured Russian missiles with wooden HIMARS last year. AdvertisementAdvertisementA new aerial video from the war in Ukraine captured by a drone shows what appears to be inflatable decoys of Russian tanks on the battlefield. AdvertisementAdvertisementEven before the war, Moscow prioritized the development of rather uncanny stand-ins — even entire radar stations — that can be inflated and transported quickly on the battlefield, deceiving enemy forces.

Persons: —, Kyiv's Organizations: Service, Mobility Artillery Systems Locations: Ukrainian, Ukraine, Zaporizhzhia, Russian, Russia, Moscow

☆ Insider Today: Your knockoff's hidden cost
▼ + stars: | 2023-09-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

Tech: What could become of VMware employees when Broadcom's acquisition closes. What could become of VMware employees when Broadcom's acquisition closes. AdvertisementAdvertisementSo, instead of visiting the company's website, you head to one of the many e-commerce sites offering knockoffs. 3 things in techRaghu Raghuram VMwareLeaked email: The fate of VMware employees as Broadcom acquisition closes. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Sen, Mitt Romney, Chelsea Jia Feng, Insider's Jennifer Ortakales Dawkins, Counterfeits, Birkin, Dow Jones, Michael M, Ray Dalio, Raghu, —, chatbot, Brooks Kraft, Vivek, crowdfunding, Joe Raedle, JW Anderson, Molly Goddard, Julia Pugachevsky, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Tech, VMware, Yorkers, Bridgewater Associates, Broadcom, Apple, Brooks Kraft LLC, Burberry, Riot Fest Chicago, Foo Fighters, Postal Service, Cutie, Happy National Hispanic, Costa Rica Blue Locations: Wall, Silicon, New York, Queens, Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Spain, New York City, San Diego, London

☆ How knockoffs took over America
▼ + stars: | 2023-09-14 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +10 min

But these fake products have major financial and societal impacts that can lead to lost sales, jobs, and livelihoods. US Customs and Border Protection officers inspect boxes of counterfeit products at the Los Angeles/Long Beach Seaport complex. Edward Berthelot/GettyWhy sales of counterfeit goods have soaredE-commerce has been a breeding ground for knockoffs. AdvertisementAdvertisementAccording to the US Sentencing Commission , the maximum sentence for selling counterfeit goods is 10 years in prison. In 2020, Amazon established its Counterfeit Crimes Unit, which works with brands to identify and remove counterfeit products.

Persons: Daniel Shapiro's, Hugo Boss, counterfeiters, Spencer Platt, Getty, Shapiro, Jason Armond, Gabrielle Chanel, Michael Kors, Gucci, Chanel, Zers, Edward Berthelot, Superfakes, They've, Wang Zhao, I'm, counterfeits, It's Organizations: Service, Red, Puma, Fila, eBay, US Department of Homeland Security, International Chamber of Commerce, Frontier Economics, Customs, Border Protection, Los, United States Intellectual, United Nations Office, Drugs, UN, Seaport, Economic Cooperation, Development, US Chamber of Commerce, US Customs, Protection, US, Commission, Nike, Amazon Locations: Wall, Silicon, Manhattan, Los Angeles, Long, Beijing, Europe, China

☆ Here’s why Apple’s charger switch is such a big deal
▼ + stars: | 2023-09-13 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +6 min

CNN —Apple retired its Lightning charger on Tuesday exactly 11 years to the day it was first announced. The EU’s decision is part of a greater effort to tackle e-waste overall, but could it generate more in the short term as people phase out their Lightning cables. But knockoffs abound, and some USB-C chargers are much safer than others. Among CNN Underscored’s top recommendations for USB-C chargers are from big brands, including Anker, Belkin, Apple, Amazon and Google. Retiring the Lightning cable could even generate, in the short term, a surge of e-waste as iPhone users toss their useless Lightning cables in a drawer.

Persons: CNN —, pare, ”, Ben Wood, Apple’s, Greg Joswiak, ” Joswiak, David McQueen, ” McQueen, Thomas Husson, Anker, Belkin, ” Wood, Apple Organizations: CNN, CNN — Apple, Apple, European Union, CCS Insight, ABI Research, Forrester Research, Google Locations: EU

☆ How Temu makes money from super-cheap goods like $10 smartwatches
▼ + stars: | 2023-08-14 | by ( Devan Burris | ) www.cnbc.com time to read: +1 min

Bargain e-commerce company Temu has had a whirlwind 2023. By February 2023, the 5-month-old company made its TV debut during Super Bowl LVII, airing two commercial spots totaling an estimated $14 million. Temu's popularity is largely due to its ultra-cheap knockoffs. On top of the steep discounts, users are bombarded by coupons, free shipping countdowns, flash sales and discount wheels. Temu's rise in popularity has also courted scrutiny from the U.S. government, accusing the website of exploiting de minimis shipping rules to undercut U.S. retailers.

Persons: Temu, Yeezy, Neil Saunders, They're, Pinduoduo Organizations: Walmart, Apple, GlobalData, U.S . Locations: Boston, China, U.S

☆ Remember when Marissa Cooper wore fake Chanel on ‘The O.C’?
▼ + stars: | 2023-08-02 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

CNN —Before Blair Waldorf wore Oscar de la Renta to her high school prom, Marissa Cooper — the sun-kissed It Girl of “The O.C.,” which turns 20 on August 5 — was wearing Chanel to second period. Some fans have counted that she debuted six different Chanel bags in the first season alone. In an interview with Page Six in 2018, Welker said she resorted to buying fake Chanel bags to keep up appearances. Michael Yarish/Fox/Alamy Stock PhotoToday, the genre of high school TV drama has undergone a sartorial shift. “Those Chanel bags that (Cooper) carried, those weren’t something I could have on my budget,” she reportedly said.

Persons: Blair Waldorf, Oscar de la Renta, Marissa Cooper, —, Chanel, Cooper, Mischa Barton, Ryan Atwood’s, Imogen Heap, Julie Cooper, Alexandra Welker, Welker, ”, Michael Yarish, Heidi Bivans —, HBO Max, Miu Miu, Jean Paul Gaultier, “, ” Welker, Page Organizations: CNN, Fox, Alamy, HBO, Warner Media Discovery, “ Locations: Newport Beach , Orange County, Coperni, Downtown LA

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ Temu sellers are now even copying product photos, descriptions, and entire Amazon storefronts, lawsuits allege
▼ + stars: | 2023-07-11 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Amazon sellers told Wired that sellers on the ultra-cheap marketplace Temu are copying their listings. Sellers told the publication that their Amazon sales have recently declined. According to an article by tech publication Wired, Amazon sellers have discovered their products are being sold on the ultra-cheap marketplace Temu for less. While the site has been known to sell counterfeit and knockoff goods, in some cases, Temu sellers have copied product photos, descriptions, and keywords directly from the original Amazon listings. In 2020, Amazon established its Counterfeit Crimes Unit, which works with brands to identify and remove counterfeit products.

Persons: Sellers, Temu, they've, sneakerheads, Nike Air Jordan knockoffs, Shein, Ralph Lauren, Oakley, Martens Organizations: Service, Wired, Temu, Bloomberg, Nike Air Jordan, Amazon Locations: Wall, Silicon, Europe, China

☆ Knockoff designer bags and shoes are more believable than ever. Here's how 'superfakes' became so difficult to tell apart from the real thing.
▼ + stars: | 2023-07-08 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +5 min

"Superfakes" are gaining popularity as high-quality designer knockoffs. Designer brands have been combatting knockoffs for decades, but a rising category of "superfakes" can trick the most experienced experts. Here's how superfakes became so difficult to tell apart from the real thing. However, any product that intentionally replicates a brand's product, using its logo, name, or intellectual property is considered a knockoff. Both designer brands and third-party marketplaces have invested millions in combating counterfeits, but the issue is so widespread that it's impossible to stop them all.

Persons: knockoffs, Gen Z, superfakes, Couture, Tommy Hilfiger, Gucci, Dior, Superfakes, Yves Forestier, They've, TikTok, Hermes Birkin, Charles Gross Organizations: Social, Service, Counterfeit, New York Times Locations: Wall, Silicon, New York City, Paris, France, Italy

☆ Fake Rolex watches make up half of the luxury replica market, exec says
▼ + stars: | 2023-07-05 | by ( Phil Rosen | ) www.businessinsider.com time to read: +2 min

Half of replica watches are Rolex replicas, according to Watchfinder's CEO. The exec told Bloomberg that the brand sees the highest demand on replica markets. Meanwhile, prices for luxury watches have fallen near two-year lows on secondary markets. The replica watch market is getting more and more sophisticated, and roughly half the market is comprised of Rolex fakes, according to the chief executive of Watchfinder & Co. "You see replica or clone watches — very, very high quality watches — of virtually all of the big luxury brands," van de Vall told Bloomberg.

Persons: Arjen van de Vall, van de Vall, it's, Joe Biden, Michael Gapen Organizations: Bloomberg, Morning, Rolex, Watchfinder, JPMorgan, Bank, America's Locations: Swiss

☆ Novo Nordisk says high-dose experimental obesity pill leads to 15% weight loss
▼ + stars: | 2023-06-26 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +4 min

Novo Nordisk 's high-dose experimental obesity pill helped overweight or obese adults lose around 15% of their body weight, according to new late-stage clinical trial results. Novo Nordisk told Reuters it plans to file for Food and Drug Administration approval of the drug later this year. But the highest dose of Rybelsus is 14 milligrams, while the company's experimental obesity pill has a far larger dose of 50 milligrams. Other companies are also developing oral weight loss treatments to appeal to those who don't want weekly injections. Pfizer is also developing its own weight loss pill, called danuglipron, which patients take twice a day.

Persons: Eli Lilly, Dr, Filip Knop, Knop, Eli Lilly's, Elon Musk Organizations: Novo Nordisk, Reuters, Food and Drug, Pfizer, University of Copenhagen, Novo, Companies, Novo Nordisk's Ozempic, National Institutes of Health Locations: Danish

☆ Fake Jordans are all over Temu even after the knockoffs were removed from Shein
▼ + stars: | 2023-06-16 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +3 min

Sneakerheads on social media accused fast fashion giant Shein of selling fake Air Jordans. But on Temu, a bargain Chinese shopping app, similar Air Jordan knock-offs are proliferating, as both sites struggle to audit their third-party sellers. However, similar sneakers are still available on the ecommerce site Temu, which has grown in popularity as an online dollar store. When Insider searched the site for "Air Jordans," it returned more than 1,000 results which included several similar styles. The fake Jordans highlight an ongoing problem for e-commerce companies with marketplaces open to third-party vendors.

Persons: Shein, —, Air Jordan, Jordan, Temu Organizations: Service, TMZ, Air, Nike, Temu

☆ A New Yorker thought she found her 'dream' $8,000 couch on the curb, but her viral video raised concerned comments about bed bugs and whether it was a dupe
▼ + stars: | 2023-05-21 | by ( Jordan Hart | ) www.businessinsider.com time to read: +2 min

A New Yorker thought she found her "dream couch" on the side of the road, so she brought it home. Her video documenting the find garnered over 30 million views as users weighed in on the couch worth up to $8,000. While some praised Joy for the find, others raised concerns of bed bugs and its authenticity. Others were more concerned about the risk of bed bugs and mold after Joy said the couch had been rained on when she found it. "Getting rid of bed bugs can cost thousands of dollars."

☆ China wants its AI to only say nice things about the communist party. Good luck with that.
▼ + stars: | 2023-04-24 | by ( Alistair Barr | ) www.businessinsider.com time to read: +4 min

AI systems must reflect China's "socialist core values," according to new rules reported by The New York Times. Proposed regulations could make it harder for Alibaba, Baidu and other Chinese tech companies to chase OpenAI. Bytedance and Tencent are also competing in the new AI race against Google and Facebook. A new wave of AI models is already beginning to disrupt Western business and society by automating some tasks and convincingly lying about important topics. Tencent, Bytedance, Baidu, Alibaba, Sensetime, and other big Chinese tech companies have the technical prowess to develop their own generative AI models.

☆ Adidas reports 'extraordinary' demand for Argentina jerseys
▼ + stars: | 2022-12-16 | by ( ) www.reuters.com time to read: +1 min

Dec 16 (Reuters) - As Lionel Messi dreams of getting his hands on a maiden World Cup trophy in Qatar, his fans struggle to get theirs on jerseys of the Argentina team as sportswear giant Adidas grapples with a global shortage of stock due to the extraordinary demand. "Due to extraordinary demand for the Adidas Argentina World Cup jerseys across the globe, we have very low stock in some countries," a spokesperson for the brand told Reuters. "We are working to get more jerseys to fans so they can celebrate an incredible journey for the national team." Argentina was the only Adidas-sponsored team to advance beyond the last 16 at the tournament in Qatar. Yet the company is experiencing higher demand compared to the 2018 World Cup in Russia, according to the spokesperson, who added that its football sales have grown by 30% this year.

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