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- US eases oil sanctions as Iran denies Vance claim on nuclear inspectors
Iran's foreign ministry says it made "no new commitments" on nuclear inspections after talks in Switzerland. [TheTopNews] Read More.48 mins ago - Do you know your ‘sweat score’? The rise of hydration techHydration tracking gadgets are flooding the market but is it too much information? [TheTopNews] Read More.54 mins ago
- Thousands of bottles of blood pressure medication recalled nationwide
More than 11,000 bottles of blood pressure medication are being recalled nationwide due to a manufacturing defect, according to the Food and Drug Administration.The 11,460 bottles of chlorthalidone tablets, USP, 25 mg, are being recalled because of "failed dissolution specifications." Dissolution tests measure the release rate of a drug and its active ingredient from the tablet or capsule used as a dosage when it's placed into a liquid to assess the performance and quality of various drug formulations and batches, according to pharmaceutical company Pion.The recalled drugs were manufactured by Inventia Healthcare Limited of India – which initiated the voluntary recall – and distributed in the U.S. by Rising Pharma Holdings of East Brunswick, New Jersey.500K PACKAGES OF MACARONI AND CHEESE SOLD AT ALDI RECALLED OVER UNDECLARED SOY LECITHINFOX Business reached out to Inventia Healthcare and Rising Pharma for comment.The Cleveland Clinic said that chlorthalidone is used to treat high blood pressure by helping kidneys remove fluid and salt from a user's blood through their urine.It's considered a diuretic drug and may also be used to reduce swelling related to heart, kidney or liver disease.DEADLY LISTERIA OUTBREAK SPARKS EXPANDED CHEESE RECALL ACROSS MULTIPLE STATESThe recall was initiated voluntarily by the company on June 5 and is ongoing, according to the FDA's recall page.It covers 25 mg chlorthalidone tablets sold in either 100 or 1000 tablets per bottle as prescribed by a doctor.CDC URGES PARENTS TO STOP USING NARA ORGANICS INFANT FORMULA AFTER THREE BABIES HOSPITALIZED WITH BOTULISMThe 100 tablet bottles covered by the recall have a batch code of RISA24001, while the 1000 tablet bottles have a batch code of RISB24002.The expiration date for bottles covered by the recall is April 2027.GET FOX BUSINESS ON THE GO BY CLICKING HERE [TheTopNews] Read More.2 hours ago - Coca-Cola takes its fight with the IRS to federal appeals court with $20B on the...Coca-Cola and the IRS are heading to court with $20 billion on the line amid a years-long dispute over the beverage company's reporting of profits made in the U.S. and overseas.The soda giant is taking its case to a federal appeals court in Miami as it looks to resolve a tax liability stemming from how Coca-Cola and its foreign subsidiaries disclosed profits from 2007 to 2009 using an accounting practice known as transfer pricing.The case centers on an agreement between the company and the IRS from 1996 about how the company would report foreign profits, as Coca-Cola's U.S. corporation licenses its intellectual property – ranging from recipes, brand names and trademarks – to foreign subsidiaries that manufacture concentrates used to make its beverages for foreign markets.Coca-Cola argues that it structured its operations to comply with the 1996 agreement using a "10-50-50" method that lets foreign suppliers keep 10% of the gross sales, with the U.S. parent company and foreign subsidiary splitting the remaining profits.COCA-COLA SHUTTING DOWN CALIFORNIA FACILITY AFTER MORE THAN A CENTURY"Far from seeking to evade its tax obligations, Coca-Cola carefully structured its operations to adhere to a method that the IRS had repeatedly blessed," the company said in a court filing, per The Wall Street Journal.The outlet reported that the IRS counters that the 1996 agreement was retroactive to 1987 but didn't apply to future years, and that it only offered protection from penalties for the use of the 10-50-50 method as opposed to immunity. The IRS said in its own filing that the "combination of two non-promises does not add up to a promise, as Coca-Cola wishes."COCA-COLA'S YELLOW CAPS ARE BACK – WHAT THEY MEAN AND WHY THEY'RE COMPARED TO MEXICAN COKEWhile the company's tax filings from 2007 to 2009 were the focus of the IRS' initial case, Coca-Cola has continued to use the accounting method as the legal dispute has played out.The IRS prevailed over Coca-Cola in a Tax Court ruling in 2020, which resulted in the company paying $6 billion in taxes and interest as the judge ruled the parent company's deals with foreign subsidiaries were structured improperly to keep profits overseas in lower tax jurisdictions.COCA-COLA OFFICIALLY ROLLS OUT CANE SUGAR SODA ACROSS US MARKETS FOLLOWING TRUMP'S URGING: REPORTThat money could go back to Coca-Cola with interest if the company prevails with its appeal, though it could face an even larger tax bill if it's defeated… [TheTopNews] Read More.2 hours ago
- Cottage Cheese Shortages Are Driven by TikTok and ‘Protein-Maxxing’
TikTok and “protein-maxxing” are driving a cottage cheese squeeze that’s left some consumers desperate. [TheTopNews] Read More.3 hours ago - Tesla crash that killed a woman under US federal investigationA Tesla driver on Friday said he was using ‘self-driving’ technology after his vehicle sped into a Texas home. [TheTopNews] Read More.4 hours ago
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