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On July 30, the Hong Kong Securities and Futures Commission (SFC) announced that it had issued a restriction notice to Futu Securities International (Hong Kong) Limited (03588.HK), prohibiting it from handling or disposing of assets in client accounts held by a certain entity, up to a limit of HK$125 million. This entity is suspected of participating in a fraudulent scheme designed to create a false or untrue appearance of demand for initial public offering (IPO) shares. Futu is not the subject of the SFCs investigation, and the restriction notice will not affect Futu or its other clients. The SFC believes that issuing the restriction notice is appropriate to protect the interests of the investing public and the public interest, and the investigation is ongoing.Israel Defense Forces: Dozens of weapons found in a village in southern Lebanon.The Hang Seng Index closed up 50.96 points, or 0.2%, at 25,858.88 on Thursday, July 30; the Hang Seng Tech Index closed down 60.96 points, or 1.25%, at 4,803.77 on Thursday, July 30; the H-share Index closed up 21.19 points, or 0.25%, at 8,644.71 on Thursday, July 30; and the Red Chip Index closed up 20.01 points, or 0.47%, at 4,250.42 on Thursday, July 30.JPMorgan Chase lowered its price target for Qualcomm (QCOM.O) from $265 to $215.According to a report from Futures on July 30, Enterprise Singapore (ESG) reported that Singapores middle distillate fuel inventories fell by 981,000 barrels to a seven-week low of 7.734 million barrels in the week ending July 29.

The U.S. Publishes Fresh Cautions About "Forever Chemicals" in Drinking Water

Aria Thomas

Jun 16, 2022 10:48

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Wednesday, the U.S. Environmental Protection Agency issued new cautions about synthetic contaminants in drinking water known as "forever chemicals," stating that the poisons may be dangerous even at undetectable levels.


The family of dangerous compounds known as per- and polyfluoroalkyl substances, or PFAS, has been used for decades in items such as nonstick cookware, stain- and water-resistant fabrics, firefighting foam, and industrial goods.


Some PFAS have been linked by scientists to cancer, liver damage, low birth weight, and further health issues. However, compounds that are difficult to degrade are not yet controlled.


In the coming months, the EPA will announce proposed regulations to control PFAS. The advisories are intended to offer information to states, tribes, and water systems on PFAS contamination prior to the implementation of regulations.


The EPA also said that it will release the first $1 billion to combat PFAS in drinking water, out of a total of $5 billion allocated under the infrastructure legislation passed last year. The money would give states with technical help, water quality testing, and central treatment system implementation.


The new health recommendations for perfluorooctanoic acid (PFOA) and perfluorooctane sulfonic acid (PFOS) replace those issued by the Environmental Protection Agency in 2016. The warning limits, based on new evidence that takes into account lifetime exposure, suggest that certain health issues may still occur at concentrations of PFOA or PFOS in water that are close to zero and below the EPA's detection limit.


Radhika Fox, the EPA's assistant administrator for water, said, "Today's measures show EPA's commitment to employ the best available science to combat PFAS contamination, safeguard public health, and share crucial information swiftly and openly."


The EPA urges organizations that detect PFAS in drinking water to notify people, conduct monitoring, and decrease exposure. Individuals worried about the presence of PFAS in their drinking water are advised to consider installing a home filter.


The American Chemistry Council, whose members include 3M and DuPont (NYSE:DD), said that the EPA hurried the notifications by not waiting for a review by the agency's Science Advisory Board. The organization expressed worry that the advisory development process was "fundamentally defective."