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The state’s illegal market had flourished for decades, anchored in the storied “Emerald Triangle” region in the northern end of the state. Dicus said in 2023 his department served 411 search warrants for illegal marijuana grow sites countywide and recovered $370 million. “The reality is that Proposition 64, in the fine print, took illicit marijuana and moved it from a felony to a misdemeanor. In 2020, seven people were fatally shot at an illegal marijuana growing operation in a rural town in neighboring Riverside County. “We've invited organized crime to come back into California and compete for an illicit market.”
Persons: , Jerred Kiloh, , Kiloh, San Bernardino County Sheriff Shannon Dicus, Gavin Newsom, Dicus, we’ve, ” Dicus, Griffen Thorne, ” Kiloh, “ We've Organizations: ANGELES, United Cannabis Business Association, Authorities, El Mirage, San Bernardino County Sheriff, ” Democratic, Cannabis Locations: California, Los Angeles, San Bernardino County, Riverside County
“The CCP’s dangerous actions, China’s multi-pronged assault on our national and economic security, make it the defining threat of our generation,” Wray said. Xi promised Biden China wouldn’t interfere in the 2024 presidential election at that meeting, CNN reported exclusively this week. The high-level diplomatic contacts continued last week when national security adviser Jake Sullivan met Chinese Foreign Minister Wang Yi in Bangkok. “This is the cyberspace equivalent of placing bombs on American bridges, water treatment facilities and power plants,” he said. “If you have a cyberattack on that sort of technology, it could affect all signals at once,” Geddes said.
Persons: Christopher Wray, Rick Geddes, , Wray, Xi, ” Wray, Joe Biden, Biden, Biden China wouldn’t, Jake Sullivan, Wang Yi, Donald Trump, Kevin McCarthy, Mike Gallagher of, Raja Krishnamoorthi, Paul Nakasone, Gallagher, Geddes, ” Geddes Organizations: CNN, Cornell, Chinese Communist Party, Communist Party, CCP, South China, , Capitol, Republican, Democrat, US Cyber Command, Locations: Washington, Beijing, United States, China, Taiwan, South, Xi Jinping’s China, California, Biden China, Bangkok, Mike Gallagher of Wisconsin, Illinois
You may be eating predigested food. Here’s why
  + stars: | 2024-02-01 | by ( Sandee Lamotte | ) edition.cnn.com   time to read: +11 min
Aleksandr Zubkov/Moment RF/Getty ImagesBypassing the digestive systemMuch like the regurgitated food mother birds feed their babies in the nest, ultraprocessed food is quick and easy to digest, according to experts. “So the question is, which degree of processing remains compatible with human food system sustainability and global health? Some food processing may be goodHumans have processed food for centuries — the first evidence of fermentation was some 13,000 years ago. Alexander Donin/iStockphoto/Getty ImagesThe ingredients used in many ultraprocessed foods, however, have been subjected to much more than a bit of heat. “The other way I put it is that individuals who are trying to control their weight in today’s food environment are fighting an entire food system on their own.
Persons: starchy, , , Chris van Tulleken, van Tulleken, Aleksandr Zubkov, that’s, didn’t, David Katz, ” Katz, we’ve, ’ you’ve, it’s, Kevin Hall, Hall, ” Hall, Giulia Menichetti, Menichetti, Anthony Fardet, Fardet, ” Fardet, Alexander Donin, Marion Nestle, Paulette Goddard, ” Nestle Organizations: CNN, Industry, University College London, BBC, Getty, True Health Initiative, National Institute of Diabetes, Diseases, Harvard Medical School, Brigham, Women’s Hospital, Network Science Institute, Northeastern University, French National Institute for Agricultural Research, New York University Locations: Europe, United States, Bethesda , Maryland, Boston, Paris
Dry January “was the perfect eye-opener.”Now sober, Montejano has adopted several tactics to keep herself on track: talking to a therapist, journaling and drinking nonalcoholic beverages like mocktails. By comparison, a 12-ounce glass of beer contains about 5% alcohol, according to the CDC. “The nonalcoholic beverages have a lot of the cues that are associated with real alcoholic beverages,” she said. “Are you reaching those goals with nonalcoholic beverages?” she said. Ultimately, going sober can have social ramifications, so it’s important to surround yourself with people who can support you.
Persons: Corrina Montejano, Montejano, , , Ginger Hultin, nonalcoholic, Hilary Sheinbaum, Molson Coors, ” Sheinbaum, Hultin, Dr, Lara Ray, Dana Ellis Hunnes, you’re, Hunnes, Ray, they’re, Sanjay Gupta, I’ve, ’ ”, “ You’ve, Journaling, ” Montejano Organizations: CNN, US Centers for Disease Control, Heineken, Molson, US Department of, Tobacco Tax, Trade Bureau, UCLA, World Health Organization, ” WHO, UCLA Medical Center, US Food and Drug Administration, mocktails, CNN Health Locations: San Francisco, Seattle
WASHINGTON (AP) — The Senate has approved President Joe Biden’s nominee to lead the Environmental Protection Agency's air pollution office just as the agency is set to finalize rules over climate-changing emissions from power plants and cars and trucks. Joe Goffman is a longtime EPA official who has headed the air and radiation office on an acting basis since Biden took office three years ago. Goffman's 2022 nomination for the air post, one of the top jobs at EPA, lapsed last year without a Senate vote. She called the Clean Power Plan “a direct shot at American energy production" and an attempt to shut down coal- and gas-fired power plants, including those in her home state. An EPA plan to curb greenhouse gas emissions from power plants is little more than the "second iteration of the Clean Power Plan,'' Capito said.
Persons: Joe Biden’s, Joe Goffman, Biden, West Virginia Sen, Joe Manchin, Sen, John Barrasso, Bobbi, Michael Regan, Goffman, Joe, Regan, Tom Carper, ” Carper, Goffman “, Shelley Moore Capito, Obama, Barack Obama's, , Capito, Mr, Goffman's, , Fred Krupp, Krupp Organizations: WASHINGTON, , EPA, West Virginia, Delaware Democrat, , Republican, Democratic, Supreme, federal, Biden, Environmental Defense Locations: Wyoming, overburdened, West Virginia
FBI Director Christopher Wray on Wednesday warned Congress about a range of threats against the U.S., from Chinese hackers to heightened terrorist risks after the Oct. 7 attack on Israel. The FBI director has long warned about the Chinese government’s hacking capabilities. Cyberattacks and disinformation warfare can work in tandem, Wray warned. He also noted that AI can enhance foreign adversaries abilities to collect personal data and feed it into disinformation and influence operations. Heightened Terrorist Risk“We are, since Oct. 7, in a heightened threat environment from various forms of terrorist risk,” Wray warned, alluding to Hamas’ attack on Israel last year.
Persons: Christopher Wray, ” Wray, ” TikTok, Wray, , Organizations: Wednesday, U.S, Chinese Communist Party, FBI, Intelligence Locations: Israel, U.S, China, PRC, Iran
Throughout her come-up, though, Dunlap says some of the things she chose to spend money on were fairly consistent — even if she could have saved more by cutting back. "It means that my spending is reflecting my values and my hard-earned money is going to the things that I actually love." Fellow self-made millionaire and bestselling author Ramit Sethi calls it the "money dial" approach. It allows him to "spend extravagantly on the things I love, but cut way back mercilessly on the things I don't," he told CNBC Make It last year. "If I tell you, 'never spend money, never step foot in a restaurant,' that doesn't work, that's not sustainable, and frankly, it's not fun," she says.
Persons: Tori Dunlap, hasn't, Dunlap, TJ Maxx, She's, Ramit Sethi Organizations: New York Times, CNBC
Kyiv CNN —Aid to Ukraine is frozen in US Congress, and Kyiv could be dealing with a Trump presidency more sympathetic to Moscow. “I don’t worry much about it,” Kyrylo Budanov, the head of Ukraine’s defense intelligence directorate, told CNN in an exclusive interview in Kyiv. His agency has claimed notable successes, including raids on the Russian-occupied Crimea and attacks on Russian airfields, inflicting embarrassing wounds on the Kremlin. Ukrainian social media is bursting with footage from frontline troops showing drones spying on, attacking and even capturing Russian troops, although Moscow uses many of the same tactics. But as Ukraine’s long-held hopes for F-16 jets come to fruition – with Kyiv’s pilots already training on the aircraft – Budanov echoed Ukraine’s newest request.
Persons: Ukraine’s, isn’t, Kyrylo Budanov, Trump, ” Budanov, , ” Trump, Putin, Budanov, Zelensky, Valeriy Zaluzhny, Moscow, Organizations: CNN —, Trump, CNN, Ukraine, Republican Party, Russian Federation, Kremlin, Artillery, US Air Force’s Locations: Ukraine, Kyiv, Moscow, Russian, Crimea, Russia, Ukrainian, North Korea
CNN —FBI Director Christopher Wray on Wednesday warned that Chinese hackers are preparing to “wreak havoc and cause real-world harm” to the US. Chinese government-backed hackers, Wray said, are targeting things like water treatment plants, electrical infrastructure and oil and natural gas pipelines, Wray said. The Chinese hackers are working “to find and prepare to destroy or degrade the civilian critical infrastructure that keeps us safe and prosperous,” Wray said. The hearing comes in the wake of a big push by US and Chinese officials to ease tensions in the relationship between the two superpowers. We have made it easy on them,” Jen Easterly, who leads the US Cybersecurity and Infrastructure Security Agency, told lawmakers.
Persons: Christopher Wray, , ” Wray, Wray, Xi Jinping, Joe Biden, Xi, “ China’s, Jen, Paul Nakasone, ” Nakasone, CNN’s Evan Perez Organizations: CNN, Chinese Communist Party, National Security Agency, Infrastructure Security Agency, FBI, Justice Department Locations: China, Taiwan, America
Chinese government hackers are busily targeting water treatment plants, the electrical grid, transportation systems and other critical infrastructure inside the United States, FBI Director Chris Wray will tell House lawmakers on Wednesday in a fresh warning from Washington about Beijing's global ambitions. "China's hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities, if or when China decides the time has come to strike," Wray will say. The comments align with assessments from outside cybersecurity firms including Microsoft, which said in May that state-backed Chinese hackers have been targeting U.S. critical infrastructure and could be laying the technical groundwork for the potential disruption of critical communications between the U.S. and Asia during future crises. The following month, Mandiant said that suspected state-backed Chinese hackers had used a security hole in a popular email security appliance to break into the networks of hundreds of public and private sector organizations globally. The Chinese government has lashed out at the committee, demanding that its members "discard their ideological bias and zero-sum Cold War mentality."
Persons: Chris Wray, Wray, Mandiant, they're, Mike Gallagher of Organizations: Chinese Communist Party, Microsoft, U.S, Republican Rep Locations: United States, Washington, China, Asia, Mike Gallagher of Wisconsin
"In the first eleven months of 2023, auto shipments to Russia rose about six times that of 2022 in value terms." While he said it's still unclear exactly why Chinese cars are growing so quickly in Mexico, part of the reason is international automakers. Germany's Volkswagen was among the foreign car companies on track for their worst China market sales in years. Local vs. overseas marketsChinese car makers will likely increase their share of the domestic auto market to 75% by 2030, said Francoise Huang, senior economist at Allianz Trade. That would result in a nearly 40% drop in European car sales in China, she said.
Persons: Sarah Tan, Tan, Jorge Guajardo, Guajardo, it's, they've, BYD, Francoise Huang Organizations: Publishing, Getty, Ministry of Commerce, Moody's, D.C, Dentons Global Advisors, CNBC, Volkswagen, China, Allianz Trade, European Union Locations: LIANYUNGANG, CHINA, Lianyungang, Jiangsu province, China, BEIJING, Japan, Russia, Ukraine, Mexico, Belgium, Washington, U.S, Europe
An Artist Who Uses Plants as Camouflage
  + stars: | 2024-01-31 | by ( Chrystel Oloukoï | ) www.nytimes.com   time to read: 1 min
On View: An Artist Who Uses Plants as CamouflageAt the Solomon R. Guggenheim Museum in New York, Joiri Minaya is exhibiting works from her digital collage series “Divergences” in the group show “Going Dark: The Contemporary Figure at the Edge of Visibility.”I spoke with Minaya about her interest in plants and the politics of concealment →
Persons: Solomon, Minaya Organizations: Guggenheim Museum Locations: New York
CNN —At next year’s World Expo, a grand carnival showcasing different nations’ achievements, the US is planning something unusually quiet. Courtesy Trahan ArchitectsWorld Expos, or World’s Fairs as some are known, have celebrated some of the major inventions of their time, including stereoscopic photography, vulcanized rubber, the zipper, the internal combustion engine and IMAX. Courtesy Trahan ArchitectsTrahan’s design features an elongated outdoor space sandwiched between two triangular buildings. Courtesy Trahan ArchitectsBut as well as representing American interests overseas, the pavilion design also draws on the nature, culture and history of the Expo’s host country. Expo 2025, which marks the second time Osaka has hosted the event, is expected to welcome almost 30 million visitors.
Persons: , Trey Trahan, Thomas Edison, Nikola Tesla, George Westinghouse, Rahm Emanuel, Biden, Donald Trump, Trahan, “ wabi Organizations: CNN, Fairs, Trahan Architects, Architects World Expos, Chicago World’s, Expos, US State Department, ES Global, Imagination, Trahan Locations: Osaka, Japan, Tokyo, Chicago, Seattle, Philadelphia, Paris, , Los Angeles, New York, New Orleans, United States
AdvertisementWhen healthy plants received warning messages from damaged plants, they lit up like a light bulb, which the scientists recorded using a special microscope that detects certain chemicals as light. These compounds enter healthy plants through pore-like holes called stomata, and travel throughout the leaf, spreading the information around the plant. Scientists think healthy plants can use warning signals from damaged plants for defense. The scientists separated healthy plants from damaged plants but chemicals were able to pass between the plants via an air pump. There is no border between animals and plants," Toyota said.
Persons: , Masatsugu, Guido Mieth Organizations: Service, Business, Toyota, Saitama University, Nature Communications, Masatsugu Toyota, Saitama University Yes, Saitama University Toyota, Getty Locations: Saitama
WASHINGTON (AP) — Chinese government hackers are busily targeting water treatment plants, the electrical grid, transportation systems and other critical infrastructure inside the United States, FBI Director Chris Wray will tell House lawmakers on Wednesday in a fresh warning from Washington about Beijing's global ambitions. “China’s hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities, if or when China decides the time has come to strike,” Wray will say. The comments align with assessments from outside cybersecurity firms including Microsoft, which said in May that state-backed Chinese hackers have been targeting U.S. critical infrastructure and could be laying the technical groundwork for the potential disruption of critical communications between the U.S. and Asia during future crises. The following month, Mandiant said that suspected state-backed Chinese hackers had used a security hole in a popular email security appliance to break into the networks of hundreds of public and private sector organizations globally. The Chinese government has lashed out at the committee, demanding that its members “discard their ideological bias and zero-sum Cold War mentality.”
Persons: Chris Wray, Wray, , ” Wray, Mandiant, they’re, Mike Gallagher of Organizations: WASHINGTON, Chinese Communist Party, Microsoft, U.S, Republican Rep Locations: United States, Washington, China, Asia, Mike Gallagher of Wisconsin
The Justice Department and FBI identified the attacks and shut down aspects of the Volt Typhoon malware, Wray said. Microsoft in May warned that Volt Typhoon hackers had been active since 2021 and were targeting U.S. cyber infrastructure. The hacks have become increasingly sophisticated, Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, said at the hearing. She explained that Chinese hackers are able to "live within a computer's operating system" in a way that makes them difficult to identify. In July, Chinese hackers also compromised the email accounts of the U.S. ambassador to China and other officials.
Persons: Christopher Wray, Wray, they're, that's, Shou Zi Chew Organizations: FBI, Justice Department, Microsoft, Infrastructure Security Agency, Communist Party, NBC News, British Locations: China, U.S, London, Taiwan
SAN BERNARDINO, Calif. (AP) — Prosecutors filed murder charges Tuesday against five suspects in the fatal shootings of six men at a remote dirt crossroads in the Southern California desert after what investigators said was a dispute over marijuana. The suspects each face six felony counts of murder with a special circumstance allegation of multiple murders, the San Bernardino County District Attorney's Office said in a statement. “This mass murder, done in a dark secluded desert, clearly illuminates the violence and crime that exists as a direct consequence of illegal marijuana operations,” District Attorney Jason Anderson said in Tuesday's statement. San Bernardino County Sheriff Shannon Dicus said Monday that the bodies were found in an area known for black market cannabis about 50 miles (80 kilometers) northeast of Los Angeles. Dicus said in 2023 his department served 411 search warrants for illegal marijuana grow sites countywide and recovered 655,000 plants and $370 million.
Persons: — Prosecutors, Jose Nicolas Hernandez, Toniel Beaz, Duarte, Mateo Beaz, Jose Gregorgio Hernandez, Jose Manuel Burgos Parra, Toniel Beaz Duarte, Mateo Beaz Duarte, Office didn't, Michael Warrick, Warrick, Jason Anderson, Bernardino County Sheriff Shannon Dicus, Dicus, Baldemar Mondragon, Franklin Noel Bonilla, Kevin Dariel Bonilla, Franklin Bonilla Organizations: BERNARDINO, Calif, , San, San Bernardino County, Attorney's, Public, Office, Authorities, El, Trailblazer, Bernardino County Sheriff Locations: Southern California, San Bernardino, San Bernardino County, , Bernardino County, Los Angeles, Apple, Los Angeles County, Albarran, Adelanto, Hesperia, California, Riverside County
To make low ceilings feel taller, draw the eye upwards. Legless furniture and purposeful artwork can help draw the eyes up. She said that an easy way to achieve this is by drawing the eye up and off the ground. Keep your furniture low to the ground so the ceiling will appear further away when you are lounging on your sofa. "Tall plants, light fixtures, and vertically placed art also draw the eye up and help to create a feeling of height," Goerg told Business Insider.
Persons: Susann, Goerg Organizations: Business Locations: New Africa
And the company predicts a small improvement this year even as it plans for lower vehicle selling prices due to increased discounts. Cost cutting by simplifying engineering and manufacturing saved GM about $1 billion last year, Jacobson said, with another $1 billion expected this year. The company expects EV losses to ease this year and hit low-to-mid single digit profit margins in 2025 as it adds more EVs to its lineup. It also took a $1.7 billion accounting charge on the valuation of its electric vehicle inventory that is going to bring losses, Jacobson said. This year, the company expects $1.3 billion in higher labor costs and is prepared for about a $3 billion hit due to lower prices, Jacobson said.
Persons: Paul Jacobson, “ It's, ” Jacobson, Jacobson Organizations: DETROIT, , Motors, Detroit, North, United Auto Workers, GM, UAW, Chevrolet Bolt, Cruise, Revenue Locations: North American
Nucor CEO Leon Topalian debriefed the steelmaking company's Tuesday earnings report with CNBC's Jim Cramer, explaining why the company has been especially profitable over the past few years. "This represents the third most profitable year in Nucor's history behind 2022 and 2021," Topalian said in the company earnings call. "In fact, Nucor's combined net earnings over the past three years exceeds the combined net earnings of the last 20 years. This is a testament to the focus and dedication of our team as we execute our strategy to grow the core, Expand Beyond, and live our culture." Topalian said Nucor benefits from a number of government initiatives that boost demand for steel and incentivize domestic manufacturing.
Persons: Leon Topalian, CNBC's Jim Cramer, Nucor, Topalian, Tuesday's Organizations: Biden Locations: North America, U.S, Nucor, United States
Boeing is back in the headlines for all the wrong reasons again after the Alaska Airlines 737 Max 9 incident. Boeing workers participating in a "Quality Stand Down" at Boeing's 737 Max factory in Renton, Washington on January 25, 2024. One of the first Boeing 737 Max jets on the production line at the company's manufacturing facility in Renton, Washington, U.S., on Monday, Dec. 7, 2015. The airlines around the world that have already bought Boeing planes basically need to keep using those models, whatever the problems. Commercial pilots are certified on specific models and are not able to easily move from single-aisle to widebody versions of Boeing jets, let alone between a Boeing and an Airbus jet.
Persons: I’m, Dave Calhoun, we’ve, , , Calhoun, Max, Jason Redmond, Stan Deal, Ed Pierson, McDonell Douglas, Critics, ” Ron Epstein, McDonnell Douglas, Jim McNerney, Tammy Duckworth, Aaron Schwartz, ‘ We’re, Richard Aboulafia, Joshua Drake, Boeing Calhoun, Bank of America’s Epstein, it’s, Pierson, Max ”, Robert Clifford, people’s, ” Calhoun, David Ryder, Aboulafia, Boeing’s Organizations: New, New York CNN, Boeing, Alaska Airlines, National Safety Transportation Board, Pilots, Max, Alaska Air, Getty, Foundation for Aviation Safety, CNN, “ Boeing, Bank of America, General Electric, Procter, Gamble, McKinsey, Co, GE, Associated, Pentagon, Capitol, FAA, Airbus, Joshua Drake Photography, Blackstone Group, Nielsen, Bank of, Aviation, Bloomberg, Ethiopian Aircraft Accident, US National Transportation Safety Board, Internal Locations: New York, Renton , Washington, AFP, Alaska, Soviet Union, Pacific, Chicago, Seattle, Washington, DC, Mobile , Alabama, Wichita, Oklahoma, Carolina, South Carolina, Calhoun, Indonesia, Ethiopia, Renton , Washington , U.S
It wasn't just because TikTok users love to gossip — the platform suggested names of popular models as related searches at the bottom of Paré's video. When Business Insider viewed the video, TikTok suggested searching for "devon windsor suitcase" and "Taylor Hill" in different search bars. As TikTok looks to boost search activity , the company is automatically generating suggested queries in the search bars on videos. AdvertisementSince user comments help feed recommended searches, trolls flooding a creator's comments section with rude phrases or false claims can impact what the app recommends their followers view next. AdvertisementLike Bervell, several other TikTokers expressed frustration at their lack of control over the recommended searches, which can end up being "gossipy," he said, or completely unrelated to their content.
Persons: , TikTok influencer Taylor Paré, Devin Windsor, TikTok, Taylor, Paré, Julia McNamee, she's, Katarina Terentieva, influencers, Joel Bervell, Bervell, we're, Jahleane, It's, it's, Brett Dashevsky, Dashevsky Organizations: Service, Business, Industry, Group, Adobe Express, Google, BI, Economy, YouTube Locations: New York
CNN —Authorities in southern California have arrested five men in connection to the grisly killings of six people discovered shot – and some of whom were also burned – last week in a remote area of the Mojave Desert. The killings appear to be connected to illegal marijuana, authorities said, though they did not release many details, as the case is being reviewed by the district attorney’s office. Warrick said the man told them in Spanish he had been shot but did not know where he was. Authorities served multiple search warrants throughout the investigation and recovered several firearms and other evidence, the news release said. “We are confident that this appears to be a dispute over marijuana, which resulted in the murders,” Warrick said.
Persons: , Michael Warrick, Warrick, ” Warrick, Adelanto, , Franklin Noel Bonilla, Kevin Dariel Bonilla, Toniel Baez, Duarte, Mateo Baez, Jose Nicolas Hernandez Sarabia, Jose Gregorio Hernandez Sarabia, Jose Manuel Burgos Parra, , San Bernardino County Sheriff Shannon D, Dicus, ” CNN’s Cheri Mossburg Organizations: CNN, Authorities, Deputies, California, Patrol, Baldemar Mondragon, San, San Bernardino County, Attorney’s Office, San Bernardino County Sheriff Locations: California, San Bernardino County, Spanish, Adelanto, Los Angeles, Albarran, San Bernardino
Nikki Haley drew a sharp line Monday between her views on trade and the tariffs proposed by her rival, Republican front-runner Donald Trump. Think about that for a second," Haley said on CNBC's Squawk Box. "It's going to raise the cost of anything from baby strollers to appliances, under Donald Trump," she added. Over the weekend, Trump suggested tariffs were the way to force automobile manufacturers to build cars in the United States. This, and Trump's proposed tariffs if he were elected to a second term have left many Wall Street investors deeply concerned about what the global economy would look like in a second Trump administration.
Persons: Nikki Haley, Donald Trump, Haley, Trump, Donald Trump's, Michael Every, Reid Hoffman, Ken Langone, Stanley Druckenmiller Organizations: South Carolina Gov, Republican, National Taxpayers Union, The Washington Post, Rabobank, CNBC, Trump, U.S ., China Business Council, Wall, LinkedIn, South Carolina Locations: China, The, United States, America, U.S, New Hampshire, Iowa, New York City
Dutch health technology company Philips said on Monday it had reached an agreement on the terms of a settlement with the U.S. Food and Drug Administration (FDA) over a large-scale recall of ventilators. Philips said the costs of the so-called consent decree with the FDA led to a provision of 363 million euros ($393.5 million) in the fourth quarter of last year, and were expected to be about 1% of total revenues in 2024. The agreement sets out the improvements that Philips needs to make at its Respironics plants in order to be able to sell new respiratory devices in the U.S. again. Until the conditions are met, no new Respironics devices will be sold there, the company said. "We are fully committed to complying with the consent decree, which is an important step and provides a clear path forward," Chief Executive Roy Jakobs said in a statement.
Persons: Philips, Roy Jakobs Organizations: U.S . Food, Drug Administration, FDA, Philips Locations: Europe, U.S
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