FDA Escalates Recall of Inspire Medical’s Nerve-Stimulating Implant for Sleep Apnea
The FDA has issued a Class I recall for Inspire Medical’s nerve-stimulating implant used in treating obstructive sleep apnea due to a manufacturing defect. Despite no reported injuries, up to 32 devices may be impacted. Inspire Medical continues to expand its therapy offerings amidst the recall, with a projected revenue growth of 26% for 2024.
Key Events on July 9 Throughout History
Discover the historical events that took place on July 9, including the establishment of the Bombay Stock Exchange in 1875, the inauguration of the first Wimbledon Championship in 1877, the devastating megatsunami in Lituya Bay in 1958, and the appointment of Florence Blanchfield as the first female officer in the US Army in 1947. These events have left a lasting impact on our world, shaping our financial markets, sports history, and military milestones.
Three Ferraris Crash Out on First Day of Italian Rally
Three Ferraris crashed out on the first day of the $46,000 Italian rally, leaving enthusiasts disappointed. The event, exclusive to modern Ferraris like the 296 GTB and LaFerrari, saw two crashes and a fire, raising concerns about the fate of other participants. Despite the setbacks, the rally continues with remaining supercars navigating the challenging Italian landscape.
FTC Report Reveals Prescription Drug Middlemen’s $1.6 Billion Revenue from Cancer Drugs
A recent FTC report exposes how prescription drug middlemen generated nearly $1.6 billion in additional revenue from cancer drugs by directing business to affiliated pharmacies. The report highlights the influence of major PBMs like CVS Caremark and Express Scripts in driving up drug costs, disadvantaging smaller pharmacies, and inflating prices for critical medications like cancer drugs. The findings are expected to prompt Congressional action to address rising drug costs and hold the industry accountable.
Fed Chair Powell’s Testimony and Economic Outlook in Focus
Fed Chair Powell’s upcoming testimony is set to provide valuable insights into the economic state of small businesses in the US. Market watchers are eager to decipher any indications regarding monetary policy, although major market shifts are not expected. Other central bank speakers scheduled for today will contribute to the overall market sentiment.
Federal Reserve Chair Powell Highlights Ongoing Risks in Commercial Real Estate Sector
Federal Reserve Chair Jerome Powell emphasizes the ongoing risks in the commercial real estate sector that banks are facing, highlighting the importance of accurate risk assessment and management. Powell stresses the need for banks to have sufficient capital, liquidity, and robust systems in place to navigate the complexities of this risk. While major financial institutions are well-equipped to handle the commercial real estate risk, smaller banks with significant local concentrations may face greater challenges. Supervisors and regulators are closely monitoring these banks to ensure effective risk mitigation measures are in place. Powell reassures that efforts are underway to address and navigate through this challenge, emphasizing proactive risk management strategies.
Beloved Smoky BLT Quarter Pounder Returns to McDonald’s Menu
The beloved Smoky BLT Quarter Pounder with Cheese is making a triumphant return to McDonald’s menus nationwide. Featuring a 100% fresh beef patty, American cheese, Applewood Smoked bacon, Roma tomatoes, lettuce, and a special smoky BLT sauce, this fan-favorite burger is back by popular demand. Don’t miss out on the limited-time offer starting this Wednesday!
IGT Enhances Instant Ticket Offering in Spain with ONCE Partnership
IGT announces a five-year partnership with ONCE to produce instant ticket games for the Spanish lottery market. ONCE’s Director of Operations expresses excitement about reintroducing IGT’s diverse game content. IGT’s COO looks forward to expanding the lottery portfolio in Spain. Learn more about IGT’s global leadership in the gaming industry.
Recall Issued for Power Adapters Sold with Hatch Baby Rest 1st Generation Sound Machines
Learn about the recent recall of Power Adapters for Rest 1st Generation sound machines by Hatch Baby due to a potential shock hazard. Find out how to get a free replacement and ensure your safety by following the recommended steps.
Israeli Container Line Zim Faces Stock Drop Amidst Ceasefire Talks in Gaza
Israeli container line Zim experiences an 18% drop in stock value as potential ceasefire in Gaza sparks investor concerns and sell-offs in the shipping sector. Geopolitical developments impact shipping industry sensitivity, highlighting risks of operating in conflict-prone areas. Market turbulence underscores global trade interconnectedness and maritime asset vulnerability to geopolitical tensions, emphasizing need for robust risk management strategies.