Zurich: FDA again rejects Galderma’s Relfydess application

 

Switzerland-based Galderma Group AG said on July 1, 2026, that the U.S. Food and Drug Administration has again declined to approve its wrinkle-treatment neuromodulator Relfydess (RelabotulinumtoxinA) for sale in the United States. The decision, delivered in a Complete Response Letter following a pre-license inspection of Galderma’s manufacturing facility, cited unresolved...

Washington: Trump reports $1.2 billion crypto income

 

President Donald Trump reported about $1.2 billion in income from cryptocurrency-related ventures in 2025, according to his annual financial disclosure released by the U.S. Office of Government Ethics on June 30, 2026. The 927-page filing indicates that digital assets have become one of the most lucrative segments of his business...

California Bans 'Sell By' Labels to Reduce Waste

 

California enacted Assembly Bill 660 this week, banning consumer-facing "Sell By" labels and requiring manufacturers to use standardized wording starting Wednesday. The law requires products to display either "Best if Used By" or "Use By" on consumer-facing packaging and applies to items manufactured on or after July 1. State officials and...

Major Egg Producers Settle Over Alleged Price Manipulation

 

Baltimore — On Tuesday the U.S. Department of Justice, joined by 17 state attorneys general, announced settlements and a lawsuit alleging that Cal‑Maine Foods, Versova/Centrum, and Hickman's Egg Ranch coordinated bidding from June 2022 through March 2025 to influence Urner Barry price quotes, prompting combined settlements that include donations of...

United States orders Amazon to pay FCRA penalties

 

WASHINGTON — The Federal Trade Commission announced on June 30, 2026, that Amazon.com Inc. will pay $2.25 million in civil penalties to settle allegations it violated the Fair Credit Reporting Act. In a complaint filed in federal court by the Department of Justice on the FTC’s behalf, regulators alleged that...

Miami investors sue Citadel, Virtu over Genius Group trading

 

On June 30, 2026, investor rights law firm Grant & Eisenhofer P.A. filed a class action lawsuit in the U.S. District Court for the Southern District of Florida against Citadel Securities LLC and Virtu Americas LLC. The complaint, brought on behalf of lead plaintiff Aron Reynolds and a proposed class...

United States retailer exits bankruptcy, becomes Exemplar Luxury

 

United States – Saks Global, the parent company of Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy on June 26, 2026, and rebranded as Exemplar Luxury Group (ELG). The move capped a turbulent five-month, court-supervised restructuring that began in January after the company suffered...

United States insurance regulators targeted in Oracle hack

 

The National Association of Insurance Commissioners (NAIC), which supports state insurance regulation across all 50 U.S. states, has confirmed it was compromised in a hacking campaign exploiting an Oracle PeopleSoft zero-day vulnerability, tracked as CVE-2026-35273. Oracle issued an out-of-band advisory on June 11, 2026, after Google and others observed active...

Qatar Strait disruptions threaten 2026 global LNG supply

 

Shell PLC, in its LNG Outlook 2026, warns that global liquefied natural gas trade could stagnate or even contract in 2026 because of severe shipping disruptions in the Strait of Hormuz. The chokepoint, vital for exports from Qatar and other Middle Eastern producers, has seen tanker movements sharply reduced since...

United States paper giant to close four plants

 

MEMPHIS, Tennessee – International Paper, one of the world’s largest producers of fiber-based packaging and pulp, has announced plans to permanently close four facilities across the United States, resulting in approximately 330 layoffs. The Memphis-based company said late Friday that it will shut down a sheet plant in Aurora, Illinois,...