Stocks fall as virus fears shake markets
Health care led a broad stock drop as fears about a deadly coronavirus outbreak spread. The S&P 500 slid 0.9 percent to 3295.47, the Dow fell 170.36 points to 28989.73, and the Nasdaq lost 87.57 as travelers and airlines dropped while Intel rallied on strong Q4 results.
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3M ramps up facemask output amid coronavirus outbreak
3M has boosted production at two Chinese plants to meet surging demand as the new coronavirus spreads from Wuhan. Factory workers are on overtime while authorities expand travel bans and global screenings. US cases total at least two, both linked to China. Minnesota reports potential cases.
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20 States Bring Suit Over 3D Printed Gun Blueprints
Twenty state attorneys general and Washington DC sue to block a new federal rule moving regulation of 3D printed gun blueprints from the State Department to the Commerce Department. They warn online access would enable unregistered ghost guns and enable easier illicit ownership without background checks, challenging the regulation as unlawful overreach.
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Plan to curb counterfeit goods in online markets
U S officials released an action plan from the Department of Homeland Security to crack down on counterfeits in e commerce. It calls for heightened scrutiny of third party sellers, shippers and warehouses, stronger protections for consumers, and better screening of sellers on major sites. The rise in global counterfeit trade surged 154 percent from 2005 to 2016 per OECD data.
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Ohio Devz Gazette Week Roundup Highlights Seizures and Purdue Case
The report notes nearly 34,000 seizures of fake goods in 2018, a tenfold rise since 2000, while governments push to recover funds from the opioid crisis. Purdue Pharma bankruptcy sets June 30 claim deadline, potential claims include governments hospitals and individuals. Crain warns no final settlement yet and asset division will follow. Greta Thunberg shrugs off Mnuchin barbs at a climate march, saying criticism won’t derail activists. Mnuchin’s joke remark about her role triggers fresh pushback from youth campaigners.
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