 |
|
|
|||||
The FDA has issued a recall for more than 67,000 cases of deodorant which are sold nationwide. The products, Power Stick roll-on deodorants, are made by the Easton, Pennsylvania-based company A.P. Deauville. Per an enforcement notice, the recall includes three separate products: the Power Stick For Her Roll-On Antiperspirant Deodorant in the scent power fresh,” the Power Stick Invisible Protection Roll-On Antiperspirant Deodorant in the scent spring fresh,” and the Power Stick Original Nourishing Invisible Protection Roll-On Antiperspirant Deodorant.Over 20,000 cases of each product were recalled. The enforcement notice marked the reason for the recall as “cGMP deviations”, which stands for Current Good Manufacturing Practice. Per the FDA website, failure to meet CGMP regulations can lead to products being recalled.The FDA notes, “Adherence to the CGMP regulations assures the identity, strength, quality, and purity of drug products by requiring that manufacturers of medications adequately control manufacturing operations. This includes establishing strong quality management systems, obtaining appropriate quality raw materials, establishing robust operating procedures, detecting and investigating product quality deviations, and maintaining reliable testing laboratories.”The recall was announced on July 10 and is ongoing. While the products did not meet FDA standards, an exact reason for the recall was not disclosed. No injuries have been reported.According to the enforcement report, the products were distributed nationwide. They are regularly sold at Dollar Tree, Amazon, and Walmart.
Category:
E-Commerce
Now that President Donald Trump’s so-called “big, beautiful bill” is the law, you’re probably wondering how much you’ll save on your taxes when you file next year. The Tax Policy Center (TPC), a nonpartisan think tank staffed by the Urban Institute and the Brookings Institution, has crunched the numbers. Here’s a rundown. What does the new tax bill do? Trump’s One Big Beautiful Bill Act (OBBBA) offers Americans a number of tax benefits by extending the 2017 Tax Cuts and Jobs Act (TCJA), making many of the changes permanent, plus adding some new short- and long-term tax rules. Those changes include certain business and international tax rules, and revenue-raising provisionsincluding the repeal of various energy tax incentives, according to the TPC. What is the average 2026 tax savings from Trump’s “Big, Beautiful Bill”? An analysis from the TPC shows the new law would reduce taxes for Americans by about $2,900 on average in 2026, with some 85% of households receiving a tax cut in 2026. That figure will drop to just 70% in 2030, after some provisions are phased out. But notably, almost 60% of the tax benefits would go to those in the top quintile, or one-fifth of earners, with incomes of $217,000 or more. It’s fair to say that higher-income Americans are more likely to see larger tax benefits than lower-income Americans. Overall, about 4% of households would see their taxes go up in 2026; that percentage would increase to about 10% in 2030. How much will each income bracket save on their 2026 taxes? According to the data compiled by the Tax Policy Center, here’s how much the average 2026 tax savings will be for each of the five quintiles of income, as well as the top 1% and 0.1%: Bottom 20% ($0 to $34,600 income range): $150 Second quintile ($34,601 to $66,800): $750 Third quintile ($66,801 to $119,200): $1,780 Fourth quintile ($119,201 to $217,100): $3,460 Top 20% ($217,101 and higher): $12,540 Top 1% ($1,149,000 and higher): $75,410 Top 0.1% ($5,184,900 and higher): $286,440 What are some specific tax benefits included in the new bill? There are a number of new tax write-offs and credits, including: the No Tax on Tips provision (which allows eligible tipped workers to deduct a portion of their income from tips on their federal income taxes), a car loan deduction, a deduction for charitable donations, and a child credit.
Category:
E-Commerce
Figma is targeting a fully-diluted valuation of up to $16.4 billion in its initial public offering, as the cloud-based design software firm prepares for a debut on the NYSE that could inject fresh momentum into a resurgent market for tech listings. The San Francisco-based company, along with some investors, is eyeing proceeds of up to $1.03 billion by selling nearly 37 million shares priced between $25 and $28 each, it said on Monday. The listing could be a major milestone for Figma, coming more than a year after its $20 billion sale to Adobe failed due to regulatory hurdles in Europe and the UK. An equities rally and a bunch of strong debuts recently have helped remove the IPO market overhang. Figma is expected to start trading close on the heels of stablecoin giant Circle, which debuted with eye-popping gains last month and has continued surging since. As a major technology player that appears supportive of bitcoin, Figma has already drawn attention on social media. The company had around $70 million invested in Bitwise’s bitcoin exchange-traded fund as of March 31 and intends to allocate a further $30 million to bitcoin, its filing showed. Figma expects to list under the symbol “FIG”. Morgan Stanley, Goldman Sachs, Allen & Co and J.P. Morgan are among the underwriters for the offering. It was valued at $12.5 billion in a tender offer last year that allowed employees and early investors to cash out a portion of their stake. ‘Big swings’ Figma is a cloud-based design platform that allows users to collaboratively create and edit apps, websites and software interfaces. Its customers include ServiceNow, Workday and SAP. Its revenue rose 46% in the first three months of 2025, while net income jumped three-fold. “Figma’s product is its primary marketing engine. Its collaborative nature fosters viral, bottoms-up adoption, leading to a best-in-class sales efficiency,” said Tomasz Tunguz, founder of venture capital firm Theory Ventures. The company has also signaled it may take “big swings” with M&A, with co-founder and CEO Dylan Field saying it is prepared to “make decisions that may not seem immediately rational.” Still, the listing will take place at a time when the industry landscape is shifting. While Figma is sharpening its focus on AI, it has also warned that design tools driven by the technology could make some customers less reliant on its platform. The company has noted that restrictive immigration policies could impact its ability to recruit talent, citing past adjustments to hiring practices due to changes in visa assessment frameworks. A majority of its revenue in 2024 came from outside the United States, exposing it to potential demand softness if international clients tighten their purse strings in response to tariffs. Renewed trade tensions could also add to the caution among IPO investors, risking further disruption. Against this backdrop, investor attention remains firmly on companies with solid fundamentals and a clear path to profitability, said Leslie Marlow, a corporate attorney at Blank Rome. Niket Nishant, Reuters
Category:
E-Commerce
All news |
||||||||||||||||||
|
||||||||||||||||||