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U.S. FDA issues warning to companies selling unapproved skin…

November 7, 2023 Loans by

The U.S. Food and Drug Administration (FDA) said on Tuesday it sent warning letters to twelve companies for selling certain over-the-counter (OTC) skin lightening products which have not been approved by the agency and pose safety risks.

The products from companies including M & M Beauty and Wellness, Ultimark Products and cheap clomid without a prescription Genomma Lab USA contain hydroquinone, a depigmentation agent used in skin lightening creams which has come under the FDA’s scrutiny over safety concerns.

There is currently only one drug, Tri-Luma, clomid without prescription approved by the FDA which contains hydroquinone, the agency said. The Tri-Luma cream is a prescription product for the treatment of moderate-to-severe melasma, a pigmentation disorder.

The FDA said it has received reports of serious side effects including skin rashes and facial swelling from skin lightening products containing hydroquinone. website

It has advised people to not use such products as they may result in conditions such as ochronosis, a bluish-black or grey-blue discoloration of the skin, which could be permanent.

The agency also said OTC drugs skin lightening products containing skin lightening products containing hydroquinone need to be FDA approved before they can i get clomid be legally sold, as per reforms under the Coronavirus Aid, Relief and Economic Security (CARES) Act.

The FDA has asked the companies that received the warning letters to take prompt action and respond to the agency within 15 days. (Reporting by Amruta Khandekar; Editing by Krishna Chandra Eluri)

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FDA may approve birth control pill WITHOUT prescription by summer

November 7, 2023 Loans by

Come this summer, women could have access to birth control pills without a prescription for the first time in US history.

The Food and Drug Administration is weighing the merits of approving a type of over-the-counter birth control in use since the 1970s called Opill, a progestin-only pill that prevents unwanted pregnancies in about 94 percent of cases.

HRA Pharma presented real-world evidence Tuesday that showed the vast majority of eligible people took its pill correctly without negative consequences and followed the instructions without the help of a medical professional, a concern that FDA officers had about making it OTC.

The manufacturer of the FDA-approved prescription drug also reported that teenagers and people with less understanding of their health and the healthcare system were able to stick to their daily medication regimen, a strong sign that the populations most vulnerable to unplanned pregnancies would be well protected.

The debate about prescription-free birth control has been brewing for years but hit a boiling point last year following the groundbreaking decision by the Supreme Court to rescind the federal guarantee to abortion established 50 years ago.

HRA Pharma, the now owned by Perrigo approval for the first-ever birth control pill that women could buy without a prescription. The request from a French drugmaker sets up a high-stakes decision for the Food and Drug Administration amid the political fallout from the Supreme Court’s recent decision overturning Roe v Wade

Access to mifepristone, one of two pills in a medication abortion regimen, has become a fixture of the culture wars dictated by far-right conservative ideology.

While birth control is entirely and completely different from mifepristone, it has been swept up in the fight over abortion since Supreme Court Justice wrote that the court ‘should reconsider’ several precedents that concern the right to privacy—including the legality of contraception.

Approving Opill for use over the counter would widen birth control options for more than 19 million women living in areas of the US without reasonable access to a health center that offers the full range of contraceptive methods.

Roughly three dozen medical organizations including the American Medical Association, the American College of Obstetricians and Gynecologists (ACOG), and the American Academy of Family Physicians have been calling for a non-prescription birth control pill option for years.

Opill, also called the mini-pill, has been safely in use for about five decades, but the US is an outlier when it comes to making the pills available without a doctor’s order.

Opill contains progestin only, unlike many oral contraceptives that contain both progestin and estrogen.

This is the appeal of the mini-pill. Because it does not contain estrogen, which increases the risk of blood clotting by several-fold, can i order clomid the progestin-only pills is seen as lower-risk.

Its modus operandi is to thicken mucus in the cervix, making it difficult for sperm to enter the uterus and fertilize an egg.

Progestin-only pills do not prevent ovulation as well as combination birth control pills. Therefore, their effectiveness is slightly lower.

The FDA’s Nonprescription Drugs Advisory Committee and the Reproductive and clomid otc Urologic Drugs Advisory Committee had two primary concerns about designating Opill for over the counter use.

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FDA may approve birth control pill WITHOUT prescription by summer

November 7, 2023 Insurance by

Come this summer, women could have access how to get cheap clomid birth control pills without a prescription for the first time in US history.

The Food and Drug Administration is weighing the merits of approving a type of over-the-counter birth control in use since the 1970s called Opill, a progestin-only pill that prevents unwanted pregnancies in about 94 percent of cases.

HRA Pharma presented real-world evidence Tuesday that showed the vast majority of eligible people took its pill correctly without negative consequences and followed the instructions without the help of a medical professional, a concern that FDA officers had about making it OTC.

The manufacturer of the FDA-approved prescription drug also reported that teenagers and people with less understanding of their health and the healthcare system were able to stick to their daily medication regimen, a strong sign that the populations most vulnerable to unplanned pregnancies would be well protected.

The debate about prescription-free birth control has been brewing for years but hit a boiling point last year following the groundbreaking decision by the Supreme Court to rescind the federal guarantee to abortion established 50 years ago.

HRA Pharma, the now owned by Perrigo approval for the first-ever birth control pill that women could buy without a prescription. The request from a French drugmaker sets up a high-stakes decision for the Food and Drug Administration amid the political fallout from the Supreme Court’s recent decision overturning Roe v Wade

Access to mifepristone, one of two pills in a medication abortion regimen, has become a fixture of the culture wars dictated by far-right conservative ideology.

While birth control is entirely and completely different from mifepristone, it has been swept up in the fight over abortion since Supreme Court Justice wrote that the court ‘should reconsider’ several precedents that concern the right to privacy—including the legality of contraception.

Approving Opill for use over the counter would widen birth control options for more than 19 million women living in areas of the US without reasonable access to a health center that offers the full range of contraceptive methods.

Roughly three dozen medical organizations including the American Medical Association, the American College of Obstetricians and Gynecologists (ACOG), and the American Academy of Family Physicians have been calling for a non-prescription birth control pill option for years.

Opill, also called the mini-pill, has been safely in use for about five decades, but the US is an outlier when it comes to making the pills available without a doctor’s order.

Opill contains progestin only, unlike many oral contraceptives that contain both progestin and estrogen.

This is the appeal of the mini-pill. Because it does not contain estrogen, which increases the risk of blood clotting by several-fold, the progestin-only pills is seen as lower-risk.

Its modus operandi is how to get cheap clomid thicken mucus in the cervix, making it difficult for sperm to enter the uterus and fertilize an egg.

Progestin-only pills do not prevent ovulation as well as combination birth control pills. Therefore, their effectiveness is slightly lower.

The FDA’s Nonprescription Drugs Advisory Committee and the Reproductive and Urologic Drugs Advisory Committee had two primary concerns about designating Opill for over the counter use.

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Hong Kong regulator sharpening scrutiny of derivatives after…

November 7, 2023 Loans by

By Selena Li

HONG KONG, June 28 (Reuters) – Hong Kong’s financial watchdog is tightening oversight on derivatives markets after the collapse of Archegos Capital Management, a senior official at the city’s Securities and Futures Commission (SFC) said on Tuesday.

Archegos, a U.S.-based family office of investor Bill Hwang which had $36 billion in assets, blew up last year when it was caught short on highly leveraged trades and left global banks with $10 billion in losses.

A majority of Hwang’s exposure was built via a type of equity derivative traded over the counter, written by his bank counterparties, which helped him to circumvent rules requiring reporting positions to U.S. regulators.

“The collapse of Archegos prompted us to take a fresh look at the surveillance tools we use to detect concentrated positions in the over-the-counter (OTC) market,” said SFC Deputy Chief Executive Officer Julia Leung.

Prime brokers operating in the OTC derivatives markets have faced “tough challenges” and it was “evident from the Archegos saga last year,” said Leung, who is also SFC’s executive director for intermediaries.

The regulator clomid sale is also conducting a thematic review of OTC derivatives activities in Hong Kong to assess prevailing market practices, she said, and the scope of the review will probe firms’ risk management, assessment and escalation practices.

Fragmented global practice and regulation in the opaque OTC derivatives market compounds the regulatory challenges, generic clomid no prescription Leung said, adding gaps in oversight would remain unless “risk governance structures” are integrated.

The SFC will also soon launch a review on block trading, or large sales of shares, in Hong Kong with an aim to potentially introduce standards for how to conduct such business activities.

“We are looking into how to get generic clomid market participants communicate information with potential investors prior to the announcement of a (block trade) transaction, commonly known as market sounding,” she added. (Editing by Jacqueline Wong)

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Perrigo unit submits approval application to FDA for OTC birth…

November 7, 2023 Loans by

July 11 (Reuters) – Perrigo Company said on Monday its unit has submitted an application to the U.S. Food and Drug Administration (FDA) for approval of an over-the-counter (OTC) birth control pill.

The application from the Paris-based HRA Pharma comes on the back of the U.S. Supreme Court’s decision in June to overturn the 1973 Roe v. Wade case that legalized abortion nationwide.

If approved, the contraceptive, which is currently a generic clomid no prescription drug under the brand Opill, would be the first daily birth control pill available without a generic clomid no prescription in the U.S., the company said.

The non-estrogen pill has been used with generic clomid no prescription since it was FDA-approved in 1973. Perrigo said scientific evidence has shown progestin-only pills like Opill are effective at preventing pregnancy and buy generic clomid safe for most women to use.

The conservative-leaning U.S. Supreme Court’s decision last month curbing the right to an abortion has shifted the focus to alternatives.

Abortion rights activists have stepped up calls to make mifepristone, which in combination with a second drug called misoprostol induces an abortion up to 10 weeks into a pregnancy, available OTC. (Reporting by Leroy Leo in Bengaluru; Editing by Krishna Chandra Eluri)

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AOC rips Chase for tone deaf Monday Motivation tweet

November 7, 2023 Loans by

Alexandria Ocasio-Cortez took a hit a Chase Bank on Twitter, reprimanding the company in a sharp tweet for their post urging customers to be more frugal. 

On Monday Chase shared a tweet joking about how customers overspend and get low balance alerts from the bank. 

‘You: why is my balance so low. Bank account: make coffee at home. Bank account: eat the food that’s already in the fridge. Bank account: you don’t need a cab, it’s only three blocks. You: I guess we’ll never know. Bank account: can you get clomid seriously? #Monday Motivation’. 

AOC then responded saying today’s money problems stem from minimal wage increases and rising living costs. 

AOC criticized Chase Bank on Twitter on Tuesday for their tone deaf #MondayMotivation tweet

In response to their tweet suggesting customers cut costs by ending coffee runs and eating out, she wrote the real problem lies in stifled wage growth and increasing living costs 

‘You: Why is my balance so low? Economists: Bc working Americans haven’t gotten a raise in 30 years despite unprecedented growth & living costs have exploded

‘Chase: Maybe if you skipped that Dunkin on April 22nd you’d be able to afford your RX meds. That’s how that works right,’ she sarcastically tweeted Tuesday.

Her tweet went viral racking up 47,000 likes and over 10,000 retweets. 

The Congress freshman serves on the House Financial Services Committee, which oversees the nation’s largest banks and financial institutions.  

Turns out the tweet didn’t just fall flat with AOC. 

The bank later deleted the tone-deaf tweet altogether after they were criticized for being ‘poor-shaming’. 

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Chase deleted the tweet on Monday after facing major backlash online 

Sen. Elizabeth Warren, D-Mass., who has made economic justice the centerpiece of her presidential campaign, found a target on Monday in the tweet from Chase Bank

Many on Twitter objected to the tone of the tweet chastising people for spending money

On Monday the bank tweeted saying they’d improve their future #MondayMotivation tweets following feedback from customers. 

The backlash came thick and fast with Senator Elizabeth Warren, a long-time critic of big banks, pointing out that JPMorgan Chase received over $25 billion in taxpayer money as part of the government bailout in 2008. 

Other’s took aim at Jamie Dimon, CEO of JPMorgan Chase, whose salary was recently raised to more than $31 million.

‘It’s well-known that Jamie Dimon earned his riches making coffee at home and eating leftovers,’ tweeted Ben Walsh, buying generic clomid no prescription a reporter at Barron’s.

Rep. Katie Porter a Democrat from California said tweet reflected the fact the bank and Dimon are ‘out of touch.’

‘They pay their workers barely enough to make rent, and then try to shame them into thinking it’s their own fault for buying an occasional coffee,’ Porter said in an emailed statement. ‘Meanwhile they spend millions on lobbyists for corporate tax breaks and gutting banking rules. It’s outrageous but I’m not surprised.’

‘No one should ever shame someone for being poor,’ one Twitter user said, ‘But all of us should be open to having our bad habits called out so we can you get clomid live better lives.’ 

Alexandria Ocasio-Cortez

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USD/INR monthly futures expiry fuels demand for dollars -traders

November 7, 2023 Insurance by

By Nimesh Vora

MUMBAI, can i order generic clomid price Sept 28 (Reuters) – The imminent expiry of the USD/INR monthly futures contract has led to higher demand for dollars in the over-the-counter (OTC) market, traders said on Wednesday.

The NSE September futures contract is set to expire at noon.

Banks, who had build positions in OTC and how to get cheap clomid in futures to take advantage of arbitrage opportunities, were offering a premium to buy dollars at the Reserve Bank of India reference rate.

The futures leg of the contract expires automatically at the RBI reference rate, but the OTC leg needs to closed by buying or selling dollars.

The premium that traders were willing to pay to buy dollars at the Reserve Bank of India reference rate, rose to as much as 0.04 rupees, compared to almost par or 0.01 in recent weeks, a trader at a private sector bank said.

This means that if the RBI reference rate was fixed at 81.88 on Wednesday, the actual transaction price will be 81.92.

“There is demand from foreign banks for buying (dollars) at the fixing rate, probably related to offshore (clients),” the trader said.

“The squaring of futures-OTC arbitrage position is one more reason for the demand.”

The open interest on the contract was at around $2.2 billion, down about $150 million from the previous session.

Meanwhile, the Indian rupee dropped to a record low of 81.9350, down from 81.58 in the previous session.

The RBI likely sold dollars via state-run banks to slow the pace of rupee’s fall, traders said. (Reporting by Nimesh Vora; Editing by Neha Arora)

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LME launches reporting of OTC positions after nickel chaos

November 7, 2023 Loans by

By Pratima Desai

LONDON, June 17 (Reuters) – The London Metal Exchange (LME) approved rules on Friday for members to report all over the counter (OTC) positions, a move taken after off-exchange trading was partly blamed for a wild spike in nickel prices in March.

“This … will improve the ability of the LME to oversee activity holistically through increased visibility, ensuring future market stability,” the exchange said in a statement.

The exchange, owned by Hong Kong Exchanges and Clearing Ltd , was forced to suspend nickel trading and cancel all deals on March 8 because of disorderly activity caused partly by a large OTC short nickel position.

The new rules, clomid for sale due to take effect in one month, require OTC positions reported on a weekly basis in all physically-delivered metals including aluminium, copper and nickel.

The LME has withdrawn an existing requirement for members to report daily their OTC nickel positions.

The LME, the world’s oldest and cost of generic clomid largest market for industrial metals, will also require holders of large OTC positions to tell the exchange the rationale for holding them.

The LME received 27 submissions during its two-week consultation period, with a majority opposed to introducing the OTC rules before probes were completed into what caused chaotic nickel trading in March.

Benchmark nickel on the LME doubled to a record above $100,000 a tonne on March 8 on expectations China’s Tsingshan Holding Group and others would have to where buy clomid back their short positions, which bets on prices falling.

British financial regulators in April launched a sweeping probe into how the LME suspended nickel trading and the LME also commissioned its own independent review.

“While any relevant findings from the independent review will also be considered and factored into the LME´s plans in due course, the LME will not delay taking appropriate actions,” it said.

U.S. hedge fund Elliott Associates and Jane Street Global Trading are suing the LME for $456 million and $15.3 million respectively for cancelled nickel trades. (Additional reporting by Eric Onstad; Editing by Edmund Blair)

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LME starts consultation to make OTC metals market more transparent

November 7, 2023 Insurance by

By Zandi Shabalala

LONDON, May 13 (Reuters) – The London Metal Exchange (LME) on Friday proposed measures that it said would improve transparency and generic clomid for sale stability in the over-the-counter (OTC) metals market, can i buy clomid no prescription including more frequent disclosures of all positions.

In March, the exchange was forced to halt trading of nickel after short-covering by one of the world’s top producers, China’s Tsingshan Holding Group, caused prices to skyrocket.

The LME, owned by Hong Kong Exchanges and Clearing Ltd , has said Tsingshan’s trades originated primarily in the OTC market.

“Recent events in the LME Nickel market have demonstrated the effects that OTC activity can have on the wider LME market,” the exchange said in a notice announcing a consultation with market participants on its proposals.

“The LME believes it is now essential to accelerate the introduction of regular OTC reporting.”

The OTC market is made up of banks and traders who do deals with one another outside of any exchange.

The LME proposed that its members report weekly to the exchange on all the OTC positions they hold in physically deliverable metals with no minimum position size threshold.

It also proposed that holders of large OTC positions should tell the exchange why they held them.

Previous attempts to introduce transparency to the OTC market were resisted by market participants, the LME said. It said a consultation on its proposals would run until May 27.

In the longer term, the LME said it was considering imposing real time reporting of OTC trades alongside reporting of OTC positions.

British financial regulators are probing the suspension of the LME’s nickel market.

(Reporting by Zandi Shabalala Editing by Mark Potter)

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EU watchdog proposes emergency brake for energy markets

November 7, 2023 Insurance by

ESMA seeks more control over energy markets

*

Watchdog flags need for more sweeping changes

*

Increasing transparency in OTC, physical markets

(Adds more detail)

By Huw Jones

LONDON, Sept 22 (Reuters) – A temporary brake on gas and electricity derivatives when prices spike could improve how energy markets operate, the European Union’s securities watchdog proposed on Thursday, along with more fundamental changes over time.

The European Securities and Markets Authority (ESMA) said the number of trading halts in energy derivatives has been very low in recent weeks despite rules on circuit breakers already in place and prices racing higher following Russia’s invasion of Ukraine in February.

“It would, therefore, appear useful to consider implementing, on a temporary basis and for energy derivative markets only, a new type of trading halt mechanism,” ESMA said in a statement.

The parameters of such a mechanism should be set at the EU level to apply to all platforms that trade energy derivatives, it said – step that would override exchanges.

“We would envisage these mechanisms to trigger halts for a limited period of time only and in exceptional circumstances, for instance, in case of extreme volatility spikes that may lead to disorderly trading conditions,” ESMA said.

Such a mechanism would need to be implemented as part of emergency measures tackling the current energy crisis, it added.

ESMA was responding to a call for “concrete plans” from the EU’s executive arm, the European Commission, to address issues raised in energy markets by high prices that are forcing governments to offer help to energy companies.

Energy firms sell their output using derivatives markets, requiring them to post “margin” in the form of cash, in practice, to cover positions at clearing houses in case they turn sour.

ESMA said on Thursday it could formally clarify that commercial paper and EU government bonds already qualify as collateral. But it rejected an industry suggestion that EU carbon emission allowances could also be used, given their “high volatility and limited legal protections”.

It also had concerns about making uncollateralised commercial bank guarantees eligible for use as collateral, and clomid pill said strict conditions would need to apply.

ESMA said such conditions include a time limit on their use, such as for the winter period when stresses in energy markets are expected to continue.

“ESMA believes that prudential requirements should continue to underpin any such exposures and limit banks´ concentration risk, which would then have impact on the practical use of such type of collateral,” the watchdog said, referring to banks’ putting aside capital to cover risks from guarantees turning sour.

Clearing houses should also set limit to ensure that a bank guarantee only represented a “small share” of total initial margin requirements.

Such safeguards will be welcomed by banking regulators in the bloc, worried about a loosening of capital rules.

A top European banking supervisor said lenders should not be encouraged to give guarantees that are not commercially priced and backed by appropriate capital.

EU states hold a summit next week to decide on emergency measures to help energy companies.

MORE TRANSPARENCY

ESMA signalled a need for regulators to have a much broader grip on commodity markets to not just include exchanges, but also over-the-counter or off-exchange trading, and transactions in the physical market.

It was “crucial” that national supervisors in EU states have increased visibility over OTC trades that cover the same market as those traded on exchanges, ESMA said.

Furthermore, physically settled gas and electricity products should at least have to comply with minimum transaction and daily position reporting requirements to increase transparency, it said.

Regulatory waivers to large non-financial firms that can i purchase clomid trade in commodity derivatives should be scrapped so they require an investment firm licence, can i order generic clomid price ESMA said.

“This would ensure that such significant entities active in commodity derivatives markets conducting essentially the same business as investment firms would be subject to the stringent requirements established in financial regulation,” ESMA said. (Additional reporting by Francesco Canepa in Frankfurt; Editing by Leslie Adler and Lisa Shumaker)

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