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☆ Factories are heading for a 'dark' future — and it's not what you think
▼ + stars: | 2023-10-30 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

Factories have been transformed by automation, with robots now taking on a considerable proportion of jobs once done by people – lifting heavy loads, assembling parts, and more. Some manufacturers are edging toward a future of factories focused on "lights out" or "dark" production. In such a setting, factories have near-total to full automation, with robots able to continue running overnight when humans are no longer there. The company is working to prepare and pack fruit with a lineup of robots that can operate with little to no supervision. Will the future of manufacturing truly be "dark"?

Persons: packer, Atif Syed, Syed, Helge Wundermann Organizations: CNBC, University College London Locations: England

☆ US Halts Exports of Most Civilian Firearms for 90 Days
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

WASHINGTON (Reuters) -The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co., Smith & Wesson Brands and Vista Outdoor, could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: WASHINGTON, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Vista, Overseas, Commerce Locations: U.S, Washington, Ukraine, Israel

☆ US halts exports of most civilian firearms for 90 days
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Joshua Roberts/File Photo Acquire Licensing RightsWASHINGTON, Oct 27 (Reuters) - The U.S. has stopped issuing export licenses for most civilian firearms and ammunition for 90 days for all non-governmental users, the Commerce Department said on Friday, citing national security and foreign policy interests. The Commerce Department declined to comment beyond the posting on its website. U.S. companies that sell firearms, including Sturm Ruger & Co. (RGR.N), Smith & Wesson Brands (SWBI.O) and Vista Outdoor (VSTO.N), could be impacted by the export ban. Overseas customers include distributors and stores that sell firearms. The pause does not affect previously issued export licenses, Commerce said.

Persons: Joshua Roberts, Johanna Reeves, Reeves, Sturm, Smith, Chris Sanders, Karen Freifeld, Sandra Maler Organizations: of Commerce, REUTERS, Rights, U.S, Commerce Department, Dola, Export, Sturm Ruger, Co, Wesson Brands, Overseas, Commerce, Thomson Locations: Washington , U.S, U.S, Washington, Ukraine, Israel

☆ Google paid $26 billion in 2021 to become the default search engine on browsers and phones
▼ + stars: | 2023-10-27 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

Google paid $26.3 billion to be the default search engine on mobile phones and web browsers in 2021, according to a slide made public Friday in a federal antitrust trial against the company. The number is a more granular look into how much Google pays partners, including Apple , to be the default search engine on their products. Bernstein previously estimated Google could pay Apple as much as $19 billion this year for the out-of-the-box default placement on Apple devices. Google has argued that users can still opt to change their default search engine with a few clicks. The slide included numbers dating back to 2014, when Google booked revenue of roughly $47 billion for the division and paid about $7.1 billion for the default status.

Persons: Sundar Pichai, Tim Cook, Joe Biden, Bernstein, UCWeb Organizations: Apple, White, Washington , D.C, Google, U.S . Department of Justice, LG, Motorola, Samsung, Mobile, Verizon, Mozilla, Opera, DOJ, TAC, U.S . Securities, Exchange Commission, Big Tech Locations: Washington ,, U.S

☆ Pharmacy staff from Walgreens, CVS say they’re at a breaking point — here’s what their days look like
▼ + stars: | 2023-10-27 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +7 min

Those investments include enabling teams to schedule additional support as needed, enhancing pharmacist and technician recruitment and hiring and strengthening pharmacy technician training, according to the spokesperson. The pharmacist typically begins the shift by completing several paperwork tasks, which take about five to 10 minutes. The pharmacist and a pharmacy technician then juggle administering shots with several other tasks. The technician typically handles the first part of that task, which involves processing new prescription orders from doctors. One CVS pharmacy technician said they typically come to their store location at 7:50 a.m., 10 minutes before their eight-hour shift starts.

Persons: Mandel Ngan, weren't, Brian Snyder, —, Spencer Platt Organizations: AFP, Getty, Walgreens, CVS, CNBC, Reuters Locations: Washington ,, Somerville , Massachusetts, Brooklyn, New York City

☆ The NBA is shooting for a new media rights deal worth up to $60 billion, nearly triple its previous pact, that will pay teams and players millions more
▼ + stars: | 2023-10-27 | by ( James Faris | Margaret Fleming | ) www.businessinsider.com time to read: +11 min

Media analysts widely expect the league to select at least three distributors for its next media rights deal after the current setup expires in 2025. Comcast's NBCUniversal could be a frontrunner for a spot in the NBA's new media deal alongside Amazon, Nispel said. NBA players could be poised to earn sky-high paydaysThe NBA's last media deal — the $24 billion contract it struck in 2014 — was nearly triple the value of its previous pact. The pressure is now on the NBA to deliver a media deal that satisfies teams, athletes, and fans. Still, Macquarie media analyst Tim Nollen is optimistic about the size of the NBA's next media rights deal.

Persons: Jessica Reif Ehrlich, disruptors, Brandon Nispel, Nispel, —, Shirin Malkani, who's, Perkins, Leron Rogers, that's, Mark Patricof, Tim Nollen, Nollen, Reif Ehrlich, Ehrlich Organizations: NBA, Media, ESPN, Warner Bros, TNT, Disney, Apple, NBC, Comcast, Wall Street, Bank of America, NFL, MLB, NHL, KeyBanc Capital, Amazon, Flagship, ABC, Prime, Industry, Patricof, Macquarie, Diamond Sports

☆ Brazilian Oil Industry Gets Support From New Congressional Caucus
▼ + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +3 min

By Anthony BoadleBRASILIA (Reuters) - Brazilian lawmakers have set up a congressional caucus to represent Brazil's oil and gas industry, led by state-run producer Petrobras, and to back the company's plans to explore offshore fields near the mouth of the Amazon River. Petrobras has planned to explore in the so-called Northern Brazilian Equatorial Margin, following major discoveries in neighboring Guyana and Suriname. We have to explore for oil at the mouth of the Amazon," Pazuello said. The Parliamentary Front in Support of Oil, Gas and Energy, as the caucus is called, was launched on Tuesday with 217 members, or 42% of the lower chamber of Congress. He said the launch of the caucus received unprecedented support in Congress and was a non-partisan effort.

Persons: Anthony Boadle BRASILIA, Eduardo Pazuello, Luiz Inacio Lula da Silva's, Pazuello, Equinor, Washington Quaquá, Jair Bolsonaro, Anthony Boadle, Rod Nickel Organizations: Reuters, Petrobras, Wednesday, Mines and Energy Ministry, Gas, Energy, Lula's Workers Party Locations: Para, Guyana, Venezuela, Suriname, Brazil, Rio de Janeiro

☆ He knew 'nothing' about selling alcohol when he launched Patrón—then he sold it for $5.1 billion
▼ + stars: | 2023-10-25 | by ( Tom Huddleston Jr. | ) www.cnbc.com time to read: +3 min

When John Paul DeJoria first started selling tequila, he knew plenty about business — but "nothing whatsoever" about the liquor industry, he says. He was convinced he had a product superior to anything else on the market, and he knew he could sell it. Today, Patrón is one of the top-selling tequila brands in the world, selling roughly 3 million cases each year. Forbes currently estimates his net worth at roughly $3 billion. We knew nothing about the business, but we knew it was the best tequila in the world.

Persons: John Paul DeJoria, He'd, DeJoria —, —, hairstylist Paul Mitchell, John Paul Mitchell, DeJoria's, Martin Crowley, DeJoria, Francisco Alcaraz, Clint Eastwood Organizations: CNBC, John Paul Mitchell Systems, Bacardi Limited, Forbes Locations: Mexico, Mexican, Los Angeles, Patrón

☆ West’s latest China corporate risk: medical graft
▼ + stars: | 2023-10-23 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

An employee wearing a face mask is seen at a workshop of computed tomography (CT) scanners of medical device firm Siemens Healthineers in Shanghai, China, February 24, 2020. REUTERS/Aly Song Acquire Licensing RightsLONDON, Oct 23 (Reuters Breakingviews) - China corporate risk has spread to Western medical device companies. According to BMI analysts, about two-thirds of Chinese medical devices used by local hospitals and clinics are imported from Western groups. That implies a direct hit to the order and revenue growth for medical device firms. Domestic brands, which have historically lagged in the advanced end of the medical device market, took the whole of last decade just to hike their share from around 20% to 30%, Deloitte says.

Persons: Aly, Philips, George Hay, Oliver Taslic Organizations: Siemens, REUTERS, Reuters, Volkswagen, Philips, GE Healthcare, BMI, National Health Commission, Siemens Healthineers, Reuters Graphics Reuters, Deloitte, GE, Healthineers, Thomson Locations: Shanghai, China, People’s Republic, Beijing, United States

☆ The S&P 500 just hit a key level. That could trigger a big shift in this $2 billion ETF
▼ + stars: | 2023-10-23 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

On Friday, the S & P 500 closed below its 200-day moving average for the first time since March 17. If the total-return version of the index closes below that level for five straight days, then the $2 billion Pacer Trendpilot US Large Cap ETF (PTLC) will automatically sell some of its all-stock portfolio to shift to a 50-50 split between equities and Treasury bills. And if the 200-day moving average itself then starts to fall, the fund will go to 100% T-bills. Still, the fund's rule tied to the 200-day moving average is an example of how the move of a stock or index across a widely-followed indicator can cause volatility. Year to date, the fund is up just under 5% — well below the gain of more than 11% for the SPDR S & P 500 ETF Trust (SPY) .

Persons: rebalance, Sean O'Hara, O'Hara Organizations: Trust, ETF Distributors, Pacer, Nasdaq Locations: technologystocks

☆ Opinion | A Brief History of a Problematic Appetizer
▼ + stars: | 2023-10-22 | by ( Ian Urbina | ) www.nytimes.com time to read: +3 min

In some parts of the world, frequent illegal incursions by Chinese ships into other nations’ waters are heightening military tensions. A recent investigation that my team and I conducted revealed a worrying range of human rights and environmental crimes tied to Chinese ships and processing plants. Chinese ships have also fished in North Korean waters, breaking U.N. sanctions, and engaged in violence, wage theft, forced labor, severe neglect of deckhands and human trafficking. Like the boats that supply them, Chinese processing plants rely on forced labor, from North Korea and from Uyghur and other Muslim minorities in China. But it has also stretched the distance between producers, movers and consumers, making it harder to know whether what you’re consuming is tainted by forced labor or environmental crimes.

Persons: Ruggiero Seafood, Ruggiero Organizations: Argentine, Sysco, Walmart Locations: China, United States, North Korea, U.S

☆ Analysts bail on solar stocks after SolarEdge warning of weak earnings
▼ + stars: | 2023-10-20 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +4 min

Solaredge 's warning on Thursday of weakening European demand was another red flag following what has already been a tumultuous year for the solar industry. Several Wall Street investment banks downgraded SolarEdge and slashed their price targets in reaction to the preannouncement. Deutsche Bank downgraded SolarEdge , along with peer solar stocks Sunrun and Sunnova , to a hold rating from buy. Analyst Corinne Blanchard halved SolarEdge's price target to $150 from $300, although this still implies 32% potential upside from the stock's Thursday close. Besides waning European demand, Blanchard highlighted that U.S. demand has also declined and may not bottom until early 2024.

Persons: Solaredge, Zvi Lando, Enphase, SunPower, Sunrun, bode, Gordon Haskett, Don Bilson, Corinne Blanchard, Blanchard, Goldman Sachs, SolarEdge, Goldman, Brian Lee, Oppenheimer, Roth, Philip Shen, Julien Dumoulin, Smith, Michael Bloom Organizations: Deutsche Bank, Bank of America Locations: California, SolarEdge, U.S

Homeland Security, as well as companies that help identify counterfeit products such as Israel’s BrandShield. Fake weight-loss drugs will be a key focus in the agency’s annual counterfeit medicines report, due next year, the official said. “We have counterfeit products and stolen products,” the official said. "We will look online and if we find something that infringes (obesity drug trademarks) we'll get it taken down,” said Yoav Keren, BrandShield CEO. When a consumer buys those fakes, “what you get are expired drugs, counterfeit drugs, or nothing,” he added.

Persons: George Frey, Eli Lilly, BrandShield, Novo’s Ozempic, ”, Jim Mancuso, Mancuso, Europol, Novo, Lilly, “, Ozempic, Yoav Keren, MHRA, Eli, Mounjaro, Patrick Wingrove, Aurora Ellis Organizations: Novo Nordisk, Pharmacy, REUTERS, Novo Nordisk’s, Pharmaceutical Security Institute, drugmakers Novo Nordisk, Europol, Interpol, U.S . Homeland Security, U.S . Food, Drug Administration, U.S . Department of Homeland, Coordination Center, PSI, Medicines, Healthcare, Agency, Health Organization, Ireland’s, Products Regulatory Authority, Reuters, Thomson Locations: Provo , Utah, U.S, America, Europe, Germany, Egypt, Russia, North America

☆ Here are Friday's biggest analyst calls: Nvida, Amazon, SolarEdge, Sunrun, IBM, Crocs, Meta, Disney & more
▼ + stars: | 2023-10-20 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Bank of America reiterates Meta as buy Bank of America said it's bullish heading into earnings next week. UBS upgrades Merck to buy from neutral UBS said Merck has an "undemanding" valuation and robust pipeline. UBS reiterates Ralph Lauren as buy UBS said the stock is best positioned for AI. UBS reiterates McDonald's as buy UBS said the stock remains attractively valued. Bank of America reiterates IBM as buy Bank of America said it's standing by its buy rating heading into earnings next week.

Persons: JPMorgan, Jefferies, Goldman Sachs, Goldman, it's, Merck, Stephens, Ralph Lauren, McDonald's, Cognizant, TSMC, Deutsch, Redburn, Raymond James Organizations: JPMorgan, Nvidia, Disney, Bank of America, Meta, UBS, Merck, Deutsche Bank, Union Pacific, Deutsche, IBM, Citi, Taiwan Semiconductor, Management, Deutsche Bank downgrades, Microsoft, Brands, Mattel, Disney Princess, of America Locations: China

But the recent shift toward e-cigarettes that can’t be refilled has created a new environmental dilemma. U.S. teens and adults are buying roughly 12 million disposable vapes per month. But the quantities used in vaping devices are too small to warrant salvage. Disposable e-cigarettes currently account for about 53% of the multi-billion U.S. vaping market, according to U.S. government figures, more than doubling since 2020. The company has incinerated more than 1.6 million pounds of vaping waste in recent years, mostly unsold inventory or discontinued products.

Persons: ”, Yogi Hale Hendlin, Michael Garland, ” Garland, Brian King, “, New York Sheriff Anthony Miranda, Bob Cappadona, Daniel Ryan, Shelly Fuller, ” Fuller, Joseph Frederick, Matthew Perrone Organizations: WASHINGTON, University of California, Environmental, Agency, EPA, FDA, Regulators, New, Veolia, Centaurus High, ”, Twitter, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: U.S, San Francisco, Monroe County , New York, Arkansas, New York City, New York , California, Monroe County, “, New York, Gum Springs , Arkansas, Boulder County , Colorado, Boulder

☆ Corporate America weighs risks of the Ozempic effect
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +3 min

Walmart (WMT.N) expects revenues from its health and wellness products to increase in the second half of the year, mainly due to the popularity of weight-loss drugs. PepsiCo (PEP.O) Chief Financial Officer Hugh Johnston has said the company is "not seeing any impact" yet from the popularity of weight-loss drugs. Abbott Laboratories (ABT.N), which makes glucose monitoring products, has said that the market was overestimating the impact to its sales from growing popularity of the drugs. Abbott CEO Robert Ford has said that diabetes patients could end up using glucose monitors with the weight-loss drugs in the long term. DRUG DISTRIBUTORSCencora (COR.N), formerly called AmerisourceBergen, Cardinal Health (CAH.N) and McKesson (MCK.N) have flagged potential boost to revenues this year owing to the growing demand for weight-loss drugs.

Persons: George Frey, Eli Lilly's, Hugh Johnston, Johnson, Joseph Wolk, Robert Ford, Bhanvi, Mrigank Organizations: Novo Nordisk, Pharmacy, REUTERS, Walmart, PepsiCo, Abbott Laboratories, Insulet Corp, Cardinal Health, Thomson Locations: Provo , Utah, U.S, Bengaluru

☆ Stocks making the biggest moves after hours: SolarEdge, Knight-Swift Transportation and more
▼ + stars: | 2023-10-19 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

The company reported adjusted earnings per share of $1.46, surpassing analysts' expectations of $1.41 per share. Knight-Swift Transportation — Shares soared 14% after the freight transportation company reported a beat on the top and bottom lines for the third quarter. The company's revenue of $2.02 billion exceeded analysts' expectations of $1.89 billion. Western Alliance posted third-quarter earnings of $1.97 per share, while analysts polled by FactSet forecast $1.91 per share. CSX — The transportation company's shares dipped about 1% after the company's third-quarter earnings fell short of analysts' estimates.

Persons: Zvi Lando, LSEG, Darla Mercado Organizations: Enphase Energy, Swift, Western Alliance, FactSet, CSX, Revenue

☆ Why Carlyle is making big private credit investments in Hollywood companies like New Regency and 'South Park' creators' Park County
▼ + stars: | 2023-10-19 | by ( Reed Alexander | ) www.businessinsider.com time to read: +6 min

The investment speaks to Carlyle's underlying thesis in this space, said the managing director, Ben Fund, who sits on the Carlyle Credit Opportunities team. "It is amazing how much people love some of this high-quality content," Fund told Insider, speaking about famous sitcoms or films from recent decades. Streamers also need unique original titles to lure subscribers, but "it's a lot more expensive and risky to create new content than it is to license content," Fund said. Finding strategies to support Hollywood through volatile timesCarlyle's big moves come as private asset managers step up their lending game in Hollywood. For Carlyle, Fund said, this creates opportunity — and he added that such companies often have "real pride" and a "real legacy" to uphold.

Persons: Carlyle, Smith, Ben Fund, Trey Parker, Matt Stone, Arnon Milchan, Yariv, Austin Butler, Jodie Comer, Michael Shannon, it's, we're, hasn't Organizations: Washington DC, New Regency, New, Carlyle Credit, Bloomberg, Hollywood, Fund, Netflix, Content Partners, ICM Partners, CAA Locations: New, Carlyle, Park County, California, Hollywood

☆ Netflix and others have pulled back on hard-hitting documentaries as streamers seek more true crime and 'nothing too political'
▼ + stars: | 2023-10-17 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

"Beyond Utopia" attracted interest at Sundance from streamers like Amazon's Prime Video and Netflix. Interest peaked four years ago at the Sundance Film Festival, fueled by Amazon and Netflix, which paid a record $10 million for the Alexandria Ocasio-Cortez doc "Knock Down the House." In the crime realm, WME advised, Netflix was seeking films based on big, well-known cases and scams like "Dahmer" and "Tinder Swindler." Filmmakers point to streamers' self-censorship and 'cold feet' over sensitive topicsSome filmmakers said there are still champions at the streamers for documentaries that push the envelope. "Beyond Utopia" is among a number of recent films that have been snubbed by the big streamers, despite winning awards and buzz.

Persons: Madeleine Gavin, It'll, It's, Gavin, Hulu, Peter Broderick, Hulu didn't, Sundance fests, Broderick, WME, Dahmer, Ted Hope, Hope, Vanessa Hope, Taiwan's, he'd've, Oscar, Bryan Fogel, Jamal Khashoggi, Thom Powers, it's, Keith Ochwat, Ochwat Organizations: Sundance, Netflix, PBS, Sundance Film, Amazon, Alexandria, Paradigm Consulting, Amazon Prime, Apple, Hulu, Hollywood, Gravitas Ventures, & $ Locations: Joy, Congo, arthouses, Hulu, China, Park City, Syria, Russian, Ukraine, Venice

☆ Rite Aid joins companies going bankrupt amid opioid litigation
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +1 min

A woman shops inside of a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. REUTERS/Lucas Jackson/File Photo Acquire Licensing RightsCompanies Rite Aid Corp FollowOct 16 (Reuters) - Drugstore chain Rite Aid (RAD.N) is the latest U.S. company to seek bankruptcy protection following pressure from lawsuits alleging that they helped fuel the opioid crisis. Litigation against drugmakers, pharmacies and distributors, claiming that drugmakers downplayed the risks of opioids and that distributors and pharmacies failed to prevent them from being diverted to the illegal market has resulted in more than $50 billion in total settlements. Here is a list of companies forced to file for bankruptcy protection, mainly due to U.S. opioid lawsuits and settlements. Reporting by Pratik Jain and Leroy Leo in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.

Persons: Lucas Jackson, drugmakers, Pratik Jain, Leroy Leo, Arun Koyyur Organizations: Rite, REUTERS, Companies Rite Aid, U.S . Centers for Disease Control, Prevention, drugmakers, Thomson Locations: New York City , New York, U.S, Bengaluru

Rite Aid, one of the largest U.S. pharmacy retailers, stumbled under its high debt, revenue declines, increased competition, and opioid litigation, according to its court filings. Founded in 1962, Rite Aid employs 45,000 people at more than 2,000 retail stores in 17 states, and will remain open for business during the bankruptcy. Rite Aid, which has denied wrongdoing, said it hopes to reach an "equitable" settlement of opioid litigation in bankruptcy. A woman shops inside a Rite Aid store underneath a DeepCam security camera in New York City, New York, U.S., June 25, 2020. Rite Aid closed 200 stores before its bankruptcy, and it expects to close more as its Chapter 11 case proceeds.

Persons: Lucas Jackson, McKesson, Jeffrey Stein, Elizabeth Burr, Leroy Leo, Abinaya Vijayaraghavan, Mariam Sunny, Arun Koyyur, Marguerita Choy, Bill Berkrot Organizations: Rite Aid, Rite, Endo International, REUTERS, Bankruptcy, District of, MedImpact Healthcare Systems, Elixir ., Rite Aid . Rite, Aid, Thomson Locations: U.S, New York City , New York, District of New Jersey, Bengaluru

☆ How an alleged scammer sold fake airplane parts to United, Delta, and more — and fooled a whole industry
▼ + stars: | 2023-10-13 | by ( Taylor Rains | ) www.businessinsider.com time to read: +5 min

The plot involved acquiring used parts, restoring them, and then selling them with forged paperwork, according to legal and regulatory filings. AdvertisementAdvertisementGlobal airlines have been flying with fake engine parts for years — and the industry is just now finding out. United confirmed the same in September after revealing it found fake parts on its planes. How to fool an airlineWhile companies scramble to find the fake parts, investigators are trying to figure out how the scheme happened. The Federal Aviation Administration launched a voluntary audit program for suppliers after some 120 convictions involving fake parts were made between 1990 and 1996.

Persons: —, Safran, AOG Technics, AOG, Jose Alejandro Zamora Yrala, Mary Schiavo Organizations: Major, Service, TAP Air, Bloomberg, Workers, General Electric, CFM International, Airbus, Boeing, European Union Aviation Safety Agency, United, Southwest, Reuters, AOG, Wall Street, Convair, Federal Aviation Administration, FAA, Department of Transportation Locations: London, Southwest, Delta, AOG, Europe

WASHINGTON (AP) — Four months after U.S. regulators tried to block imports of Elf Bar, the top-selling Chinese disposable e-cigarette remains widely available thanks to a simple but effective tactic: a name change. In May, it directed customs officials to seize incoming shipments of Elf Bar and EBDesign, two of the company's U.S. brand names. Elf Bar generated U.S. sales of over $271 million in the past year, according to retail data tracker Nielsen. Public records show how quickly Elf Bar was able to rebrand itself when the FDA announced its import ban in May. “FDA has confiscated more heads of romaine lettuce than it has illegal e-cigarettes in the last five years,” said Jenson.

Persons: ”, Desmond Jenson, Brian King, ” King, Nielsen, EBCreate, Rob Handfield, Jenson, “, Matthew Perrone Organizations: WASHINGTON, Washington D.C, Drug Administration, FDA, Public Health Law Center, Associated Press, AP, U.S . Patent, iMiracle, iMiracle Shenzhen Technology, Nevera HK Limited, Shenzhen, U.S, North Carolina State University . “ Customs, Border Patrol, Department of Justice, Regulators, Twitter, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group Locations: Washington, Philadelphia , New York, U.S, Los Angeles, Houston, iMiracle Shenzhen, Hong Kong, Mexico, Shenzhen, romaine

[1/2] A 0.25 mg injection pen of Novo Nordisk's weight-loss drug Wegovy is shown in this photo illustration in Oslo, Norway, September 1, 2023. REUTERS/Victoria Klesty/Illustration/File Photo Acquire Licensing RightsOct 12 (Reuters) - Novo Nordisk (NOVOb.CO) warned on Thursday of a surge in counterfeit versions of its weight-loss drug Wegovy and diabetes drug Ozempic offered online, as German authorities gave more details of complex European trades in a fake drug case. "Novo Nordisk has seen a significant increase in illegal online sales," the company said in a statement, referring to products that contain the active ingredient semaglutide. The warning came after Germany's federal drug regulator on Wednesday urged pharmacies and drug distributors to be vigilant following the discovery of wholesale batches of fake Ozempic. The FDA has warned patients to refrain from using a compounded drug if an approved drug is available.

Persons: Victoria Klesty, Ozempic, Novo, Danish drugmaker, Eli Lilly, Lilly, Maggie Fick, Ludwig Burger, Jan Harvey, Susan Fenton Organizations: REUTERS, Novo Nordisk, Nordisk, Prosecutors, U.S . Food, Drug Administration, U.S, FDA, Thomson Locations: Oslo, Norway, Victoria, Loerrach, Swiss, Basel, British, Austria, Germany, Europe, Danish, U.S, United States, Britain

"Its permission to make products using propylene glycol (PG) is cancelled, and it is allowed to make and sell all other products." The Marion factory in Uttar Pradesh was closed in March, after an analysis last year by Uzbekistan's health ministry of two cough syrups made by Marion, Ambronol and DOK-1 Max. India's pharmaceuticals department told parliament that tests had also shown that a sample of propylene glycol (PG), an ingredient of cough syrups taken from Marion's factory contained EG. Reuters has reported that DEG and EG have been used by unscrupulous actors as a substitute for propylene glycol because they are cheaper. Uzbek state prosecutors told a court in Tashkent that distributors of the contaminated Marion syrups paid officials a bribe of $33,000 to skip mandatory testing there.

Persons: Anushree, Shashi Mohan Gupta, Gupta, Rajeev Singh Raghuvanshi, Marion, syrups, Marion syrups, Krishna N, Saurabh Sharma, Clarence Fernandez Organizations: Marion Biotech, Emenox, REUTERS, Reuters, World Health Organization, WHO, EG, Thomson Locations: Uzbekistan, Noida, India, DELHI, Uttar Pradesh, Gambia, Cameroon, Marion, Ambronol, Tashkent

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