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European Commission · ChinaThe European Commission has launched an investigation into China’s medical devices market amid alleged unfair practices from the Chinese regime towards European Union companies.
The probe was “in response to measures and practices in the Chinese procurement market for medical devices which discriminate unfairly against European companies and products,” the Commission announced in a press release on April 24.
The probe is the first under the EU I…See the Story
EU Launches Investigation Into China’s Medical Device Market
100% Right coverage: 1 sources
United States · United StatesThe U.S. Food and Drug Administration (FDA) is not sure whether any intact highly pathogenic avian influenza is present in milk sold in grocery stores, an FDA official told a conference on April 25.
“Does any live virus survive the pasteurization process? … This is the key question for us,” Donald Prater, acting director of the FDA’s Center for Food Safety and Applied Nutrition.
FDA officials announced earlier this week that testing on milk from…See the Story
FDA Admits It Doesn’t Know If Retail Milk Contains Live Bird Flu
100% Right coverage: 1 sources
Taxes · United StatesLOS ANGELES—A Burbank man who allegedly evaded the payment of nearly $5.8 million in federal taxes over several years by using a shill to illegally collect Medicare reimbursement payments made to his blood-testing company was indicted this week by a federal grand jury.
Armen Muradyan, 58, is charged in downtown Los Angeles with one count of tax evasion.
He has been in federal custody since his April 9 arrest at Los Angeles International Airport,…See the Story
Burbank Man Indicted for Allegedly Evading Nearly $5.8 Million in Taxes
100% Right coverage: 1 sources
Meta · United StatesFacebook owner Meta registered nearly $4 billion in losses for its metaverse and AI research wing in the first quarter, with the company’s stock crashing by more than 11 percent in a single day.
Meta reported its first-quarter 2024 earnings on Wednesday, revealing that its “Reality Labs” division suffered massive losses. Reality Labs is the company’s research and development wing focusing on immersive technologies like metaverse, virtual reality…See the Story
Metaverse Loses $4 Billion, Facebook Stock Tumbles
100% Right coverage: 1 sources