In a statement from FDA Commissioner Scott Gottlieb, M.D., the FDA plans to implement one of the most significant modernizations of dietary supplement regulation and oversight in over 25 years citing that, “as the popularity of supplements has grown, so have the number of entities marketing potentially dangerous products or making unproven or misleading claims about the health benefits they may deliver.”
Herbalife Nutrition (HLF) stock fell after comments made by former CEO Richard Goudis surfaced Feb. 7 in a Wall Street Journal article.
At a meeting held Jan. 29, direct selling companies were told to closely look at information being conveyed to the public through advertising, product labeling and distributors, and to stop making false or exaggerated health claims.
Following the arrest of 60 people involved with QNet in India, three more have been arrested.
Amway Corp. announced its 2018 revenue at $8.8 billion, up from $8.6 billion in 2017, and returning to its 2016 revenue number.
Youngevity and Icelandic Glacial have entered into an exclusive cross-marketing international partnership.
Avon Products Inc. announced a restructuring plan with predictions of $97 million in savings by end of 2019.
FutureNet recently opened two restaurants in Poland that offer customers the ability to pay using a cryptocurrency ATM.
Despite a slowing economy due to trade concerns, China will surpass the U.S. in retail sales for the first time bringing in over $5.6 trillion, which is $100 million more than the U.S., reports eMarket.
For the first time in more than two years, China added gold to its foreign reserves as it continues to cut back on U.S. treasury holdings and be less dependent on the dollar amid failed trade talks with the U.S.