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Bloomberg: The China Show 6/2/2025

Bloomberg: The China Show 6/2/2025

Bloomberg2 days ago

'Bloomberg: The China Show' is your definitive source for news and analysis on the world's second-biggest economy. From politics and policy to tech and trends, Yvonne Man and Annabelle Droulers give global investors unique insight, delivering in-depth discussions with the newsmakers who matter. (Source: Bloomberg)

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South Korea Takes a Left Turn
South Korea Takes a Left Turn

Wall Street Journal

time19 minutes ago

  • Wall Street Journal

South Korea Takes a Left Turn

South Koreans took a left turn in Tuesday's presidential election, continuing their decades-long pattern of moving between right and left and back again. Lesson for the right in the rout by leftist Lee Jae-myung: Don't attempt a political coup and expect to be rewarded by voters. The election was supposed to be held in 2027, but President Yoon Suk Yeol was impeached after he declared martial law in December. Mr. Yoon was frustrated by legislative opposition to his agenda and decided to take a page from the strongman playbook. Bad idea.

Erika Jayne's Ex Tom Girardi Sentenced to Over 7 Years in Prison
Erika Jayne's Ex Tom Girardi Sentenced to Over 7 Years in Prison

Yahoo

time35 minutes ago

  • Yahoo

Erika Jayne's Ex Tom Girardi Sentenced to Over 7 Years in Prison

Originally appeared on E! Online Tom Girardi will be spending several years behind bars. Nine months after Erika Jayne's estranged husband was found guilty of four counts of wire fraud related to an embezzlement scheme at his law firm Girardi Keese, he was sentenced to more than seven years in federal prison, according to U.S. attorney Bilal A. Essayli. 'This self-proclaimed 'champion of justice' was nothing more than a thief and a liar who conned his vulnerable clients out of the millions of dollars,' Essayli said in a June 3 press release. 'My office will vigorously prosecute corrupt lawyers and those who assist them in criminal activities.' In addition to Girardi's time behind bars, the 86-year-old has been ordered to pay a $35,000 fine and $2,310,247 in restitution to the victims of his embezzlement scheme, in which he was convicted of stealing millions of dollars from his clients—including relatives of victims of a 2018 plane crash that killed 189 people—to pay for both his law firm's and his own personal expenses. More from E! Online Ellen Pompeo Detained for Hour by TSA and Bomb Squad Over Erewhon Sunflower Seeds Angelina Jolie and Brad Pitt's Daughter Shiloh Debuts New Name Vanessa Bryant Seemingly Addresses Pregnancy Speculation 'Mr. Girardi, once a self-proclaimed 'legal legend' who purported to fight corporate greed, will now find himself on the opposite end of justice as he serves out his lengthy prison sentence,' the FBI's Los Angeles Field Office Assistant Director in Charge Akil Davis said in the release. 'Years of hard work went into this case by agents and prosecutors motivated to pursue justice for the victims who were betrayed by Girardi after putting their trust in his corrupt law firm in their time of need and while enduring personal hardship.' Girardi, who had pleaded not guilty to the charges ahead of his trial, has been ordered by the court to surrender to federal authorities by July 17. E! News has reached out to Girardi's attorney for comment and has not heard back. Though Jayne had been previously named in a 2020 fraud lawsuit as a person who aided and abetted her estranged husband's alleged crimes, she was found in 2022 to have 'no actual knowledge' of Girardi's dealings, according to court documents obtained by E! News. Read on to see where Jayne falls within E! News' official ranking of all the Real Housewives. 159-162. The Real Housewives of D.C.158. Kimberly Bryant, The Real Housewives of Orange County157. Tammy Knickerbocker, The Real Housewives of Orange County156. DeShawn Snow, The Real Housewives of Atlanta155. Elizabeth Lyn Vargas, The Real Housewives of Orange County154. Jennie Nguyen, The Real Housewives of Salt Lake City153. Quinn Fry, The Real Housewives of Orange County152. Jen Armstrong, The Real Housewives of Orange County151: Annemarie Wiley, The Real Housewives of Beverly Hills150. Katie Rost, The Real Housewives of Potomac149. Charrisse Jackson Jordan, The Real Housewives of Potomac148. Shamari DeVoe, The Real Housewives of Atlanta147. Peggy Sulahian, The Real Housewives of Orange County146. Nneka Ihim, The Real Housewives of Potomac145. Noella Bergener, The Real Housewives of Orange County144. Siggy Flicker, The Real Housewives of New Jersey143. Amber Marchese, RHONJ142. Karent Sierra, The Real Housewives of Miami141. Cristy Rice,The Real Housewives of Miami140. Jules Wainstein, The Real Housewives of New York City138-139. Teresa Aprea and Nicole Napolitano, RHONJ137. Nina Ali, The Real Housewives of Dubai136. Taleen Marie, The Real Housewives of Dubai135. Eva Marcille, RHOA For the latest breaking news updates, click here to download the E! News App

Doritos, Mountain Dew could get warning labels in this state
Doritos, Mountain Dew could get warning labels in this state

USA Today

time40 minutes ago

  • USA Today

Doritos, Mountain Dew could get warning labels in this state

Doritos, Mountain Dew could get warning labels in this state Texas Gov. Greg Abbott has yet to indicate if he plans to sign the bill into law. Show Caption Hide Caption FDA redefines what foods can be labeled as 'healthy' Foods will be required to contain certain ingredients and be under specific limits for added sugar, saturated fat and sodium to be marketed as "healthy." Scripps News A bipartisan bill out of Texas, awaiting Gov. Greg Abbott's signature, could change food and drink packaging as we know it nationwide. Texas Senate Bill 25 passed unanimously in the state senate before being forwarded to Abbott's desk on June 1, where it is under review. Among provisions for education on nutrition and health, one set of proposed regulations would require that packaging for food or drink items contain warnings about ingredients "not recommended for human consumption." The commonly used ingredients listed in the bill are legal to use in the U.S., but most are subject to some sort of ban or more stringent regulation in other countries State lawmaker Rep. Lacey Hull told Bloomberg that Secretary of Health and Human Services Robert F. Kennedy Jr. called her to voice his support for the bill, which aligns with initiatives in his "Make America Healthy Again" movement. HHS press secretary Emily G. Hilliard told USA TODAY in an email that, "Secretary Kennedy encourages states to promote healthy practices and enhance consumer transparency in food labeling. Americans deserve to know what's in their food so they can make informed choices for themselves and their families." While the bill managed to reach across a contentious political aisle, it is not universally popular. John Hewitt, Senior Vice President of State Affairs for the Consumer Brands Association, urged the governor not to sign it in a statement shared with USA TODAY, saying, "The ingredients used in the U.S. food supply are safe and have been rigorously studied following an objective science and risk-based evaluation process. The labeling requirements of SB 25 mandate inaccurate warning language, create legal risks for brands and drive consumer confusion and higher costs." Gov. Abbott has yet to indicate if he plans to sign the bill into law. In a statement to USA TODAY on Tuesday, June 3, press secretary Andrew Mahaleris said, 'Governor Abbott will continue to work with the legislature to ensure Texans have access to healthy foods to care for themselves and their families and will thoughtfully review any legislation they send to his desk.' What's in Texas Senate Bill 25 about food labels? Texas Senate Bill 25 would require that specific warning labels be placed on products intended for human consumption if they use certain ingredients like bleached flour, food dyes, sweeteners, oils and preservatives. Because manufacturers generally aim for uniformity and efficiency, as reported by Bloomberg, they will often expand practices employed to comply with state laws nationwide, meaning this change could impact the packaged food industry on a larger scale. The bill would require that manufacturers display the warning label prominently if their product contains one of 44 listed ingredients, most of which have some form of ban, warning or regulation in other Western countries despite being legal in the U.S. The proposed label reads as follows: "WARNING: This product contains an ingredient that is not recommended for human consumption by the appropriate authority in Australia, Canada, the European Union, or the United Kingdom." Manufacturers, and in some cases retailers, would also be required to post a similar statement on websites on which applicable products are offered for sale. This requirement would not apply to products not intended for human consumption; food prepared, served, or sold in restaurants or retail locations; drugs or dietary supplements; or agricultural products on which pesticides or other such chemicals were used in their production, storage or transportation. Regulations set by federal agencies like the U.S. Department of Agriculture's (USDA) Food Safety and Inspection Service (FSIS), Food and Drug Administration (FDA) or Surgeon General would supersede these state-level rules, meaning products already overseen or required to utilize certain labels by these agencies would not need an additional warning. The FDA deeming ingredients safe or setting new guidelines for their use would also exempt them from labeling. Which ingredients are listed in the bill? acetylated esters of mono- and diglycerides (acetic acid ester) anisole azodicarbonamide (ADA) butylated hydroxyanisole (BHA) butylated hydroxytoluene (BHT) bleached flour blue 1 (CAS 3844-45-9) blue 2 (CAS 860-22-0) bromated flour calcium bromate canthaxanthin certified food colors by the United States Food and Drug Administration citrus red 2 (CAS 6358-53-8) diacetyl diacetyl tartaric and fatty acid esters of mono- and diglycerides (DATEM) dimethylamylamine (DMAA) dioctyl sodium sulfosuccinate (DSS) ficin green 3 (CAS 2353-45-9) interesterified palm oil interesterified soybean oil lactylated fatty acid esters of glycerol and propylene glycol lye morpholine olestra partially hydrogenated oil (PHO) potassium aluminum sulfate potassium bromate potassium iodate propylene oxide propylparaben red 3 (CAS 16423-68-0) red 4 (CAS 4548-53-2) red 40 (CAS 25956-17-6) sodium aluminum sulfate sodium lauryl sulfate sodium stearyl fumarate stearyl tartrate synthetic trans fatty acid thiodipropionic acid titanium dioxide toluene yellow 5 (CAS 1934-21-0) yellow 6 (CAS 2783-94-0) Which foods could be impacted? Packaged and processed foods of all kinds could be impacted by the bill. If it passes, consumers will begin seeing the warning on labels developed and copyrighted beginning in 2027. Chips, candy and snack products like Doritos, Ruffles, Lay's flavored chips, microwaved popcorn, M&Ms, Sour Patch Kids and Skittles would need to be labeled, along with cereals like Froot Loops and Cap'n Crunch. Sweets like Twinkies or Hostess snack cakes and packaged cookies like Oreos and Chips Ahoy! contain the offending ingredients, along with frozen dinners, instant noodles, some breads and even processed meats like sausages and hot dogs. Drinks like Mountain Dew, Gatorade, Capri Sun, Hawaiian Punch and Juicy Juice would also be affected. RFK Jr.'s push for ingredient reviews, tighter regulations In April, the FDA and RFK announced plans to "phase out" petroleum-based synthetic dyes previously allowed under FDA regulations from the U.S. food and drug supply by the end of 2026. No formal agreement or legislation was passed officially banning the substances. Instead, HHS and the FDA have a "mutual understanding" with the food industry that the dyes will be progressively removed, according to Kennedy. Are food dyes getting banned in the US?: What know to about 8 dyes being phased out During an April 22 press conference, FDA Commissioner Marty Makary said the agency intended to revoke the approval of some dyes and work with industry leaders to substitute petrochemical dyes with "natural" ones. A press statement released by the FDA also said it plans to establish a "national standard and timeline for the transition from petrochemical-based dyes to natural alternatives." The FDA will authorize four new natural color additives and expedite the approval of more, according to its statement. The agency will also partner with the National Institutes of Health to research the effect food additives have on children's health and development.

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