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FDA Raises Thyroid Tablet Recall To Most Serious Level
Authored by Jack Phillips via The Epoch Times,
The Food and Drug Administration this week elevated a prescription thyroid medication recall to its most serious classification because the medication is too potent.
Medications are stored on shelves at a pharmacy in Los Angeles on May 12, 2025. Eric Thayer/Getty ImagesSeveral weeks ago, Vitruvias Therapeutics said in a notice published by the FDA that it was voluntarily recalling one lot of thyroid tablets because the medication is "superpotent" and can "cause hyperthyroidism," or an overactive thyroid, in some people.
The affected lot, 504950, was distributed across the United States by Alabama-based Vitruvias Therapeutics between Jan. 31, 2025. and Sept. 30, 2025. The drug's expiration date is Sept. 30, 2026, according to the FDA notice.
In an enforcement report updated on Sept. 22, the FDA classified the thyroid tablets as a Class I recall, the most severe in its three-tiered system.
According to the FDA's website, a Class I recall is a situation where there is a "reasonable probability that the use of or exposure to a violative product will cause serious adverse health consequences or death."
A statement released by Vitruvias Therapeutics in August warned that consumption of the "superpotent" thyroid medication can cause hyperthyroidism that can include symptoms such as "weight loss, heat intolerance, fatigue, nervousness, muscle weakness, hypertension, chest pain, rapid heart rate, or heart rhythm disturbance."
Those who are considered at a greater risk of developing adverse reactions include pregnant women, infants, and elderly people, according to the notice. For the elderly, high levels of thyroid hormones have been linked to adverse events, including cardiac health-related problems, it said.
In infants, an overtreatment can also have "negative effects on growth and development," the company said.
But as of the issuance of the Aug. 21 news release, the company has not received any reports of adverse health events linked to the recalled tablets, it said.
The medication is described by the company as "a natural preparation derived from porcine thyroid glands composed of levothyroxine and liothyronine" and used to treat an underactive thyroid, or hypothyroidism.
In the release, Vitruvias Therapeutics advised patients not to stop using the medication without first contacting their healthcare provider for guidance or a replacement prescription. That was before the FDA classified the recall as its most serious.
The company said it would notify retailers to discontinue the distribution of the recalled medication and would arrange for the "destruction" of all the tablets under recall.
Those with concerns or questions can contact the company or the FDA through the information listed in the agency's press release.
Vitruvias Therapeutics did not respond to a request for comment by publication time.
Over the summer, at least two other thyroid medications were recalled in separate instances by different companies.
Major Pharmaceuticals, an Ohio-based company, issued a recall of levothyroxine sodium on July 13. The FDA labeled the action as a Class II recall on July 17.
In August, levothyroxine sodium tablets in different strengths, contained in bottles of different counts, were recalled. They were manufactured by India-based Intas Pharmaceuticals Limited for North Carolina-based Accord Healthcare Inc. and distributed across the United States.
Tyler Durden Fri, 09/25/2026 - 06:30Father of AI-doomer ideology Effective Altruism backed bestiality, said newborn baby worth less than a hog
Force Majeure Is Not A City In France
Submitted by QTR's Fringe Finance
There are certain phrases you don’t want to hear when you’re involved in a massive infrastructure project, and “force majeure” is pretty high on the list.
Yet after Oracle shares started getting federally a** pounded today following reports that the company had issued a force majeure notice connected to its enormous Project Jupiter AI data center in New Mexico, the afternoon quickly turned into one of my favorite Wall Street traditions: corporations explaining why the alarming sounding thing everybody just read and understands crystal clearly is actually completely normal, totally misunderstood by everyone and nobody should worry about anything.
For those unfamiliar, force majeure is a contractual provision generally invoked when extraordinary circumstances outside a party’s control interfere with, or threaten to interfere with, its ability to perform under a contract. Oracle reportedly issued the notice to a unit of Blue Owl Capital developing Project Jupiter, citing potential delays in securing power and protecting Oracle financially if the facility doesn’t come online as scheduled.
Project Jupiter is a massive New Mexico AI campus tied to the Stargate buildout and Oracle’s relationship with OpenAI, requiring roughly 2.4 gigawatts of power and relying heavily on Bloom Energy fuel cells. The problem is that a natural gas pipeline needed to supply the site has reportedly been pushed back roughly six months following permitting problems, while a separate air quality permit for the fuel cell system remains pending. So when news of the force majeure notice hit, Oracle shares sold off sharply and Bloom Energy got dragged down with them.
Then came the idiotic damage control.
Oracle said on X that the project “remains on our planned schedule” and that force majeure notices are “commonplace in developments of this scale” and are often used simply to preserve contractual rights, adding that the notice does not itself establish a project delay or change delivery expectations.
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Technically, that’s true. But companies also don’t issue force majeure notices because everything is going f**king fantastic.
The entire purpose is to protect yourself because some circumstance has arisen, or may arise, that creates enough risk around contractual performance to make protecting yourself necessary.
Bloom Energy then joined the reassurance tour, saying that after speaking with Oracle, it had been assured Oracle “remains committed to Project Jupiter and its contract with Bloom to deliver 2.4 GW of fuel cell capacity” and that Bloom remains excited to execute on Oracle’s planned timeline.
Nothing says confidence like rushing to phone your customer during a stock selloff and then immediately telling X that you just called your customer during a stock selloff. Last time someone did this it was Steve Mnuchin “calling the banks” when the market served investors up a royale fu*k deluxe with cheese back in December 2018.
Look. None of this means Project Jupiter is dead, and Oracle may ultimately deliver the project on schedule exactly as it says it will. But dismissing the notice as meaningless contractual housekeeping also misses the point. It also insults the intelligence of anyone with an IQ higher than that of Ilhan Omar. There is a reason it was issued, just as there is a reason a pipeline has been delayed and permits remain unresolved.
Investors have spent the last several years valuing the AI infrastructure boom as though converting hundreds of billions of dollars of announced spending into functioning data centers is basically a matter of ordering GPUs and plugging them into the wall. In reality, you need land, financing, transformers, transmission, gas, pipelines, permits, cooling and an almost incomprehensible amount of electricity. Every one of those things introduces another potential failure point. As bond yields keep rising, those failure points present themselves more and more.
Read: Bonds Are About To Crash The Stock MarketThe financial chain is equally important. Oracle signs enormous AI contracts, which justify enormous data centers, which justify enormous financing packages, which create enormous orders for companies like Bloom and Nvidia, which create enormous backlogs that investors then capitalize into enormous valuations.
As long as everything moves according to plan, the machine works beautifully. But if data centers start getting delayed, equipment deliveries and revenue can get delayed with them. If revenue gets pushed out, financing assumptions can change. If financing becomes more difficult, suddenly some of those gigantic AI backlogs investors have treated almost like cash in the bank start looking considerably less certain.
One force majeure notice doesn’t break the AI boom. But this is exactly the kind of crack I’m watching for. If we start seeing more force majeure notices, delayed power projects, stressed data center debt, renegotiated contracts and suppliers rushing onto social media to assure everybody that their customers are definitely still committed, then we may be looking at something that could set off the crash.
Read: The Real AI Crash Will Start This Year
Force majeure may not be a city in France, but companies generally don’t go there when everything is going according to plan. Just keep that in mind.
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QTR’s Disclaimer: Please read my full legal disclaimer on my About page here.
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Three Wars, One Bill: How Hormuz, Ukraine & Sanctions Are Squeezing The Express Giants
Authored by Larry Johnson via Sonar21.com
This article is the result of my conversation earlier today during my flight from Istanbul to London. I was sitting next to a FEDEX pilot who was on his way to Paris via London. I asked him about aviation fuel prices and the effect on FEDEX and I got more than I bargained for. The world’s express carriers like to present themselves as barometers of the global economy. In 2026 they are also measuring something else: what it costs to run a global air network when two of the three main east-west air corridors are effectively closed. The answer so far is that FedEx and UPS are surviving the shock largely by passing it on to their customers. That cost doesn’t disappear. It moves down the supply chain and into the inflation numbers central banks are now fighting.
The fuel shockThe trigger was the Iran war. The International Energy Agency has described the near-total closure of the Strait of Hormuz as the largest supply disruption in the history of the global oil market. Brent peaked near $118 in late March, fell to about $70 by July 1, rebounded above $100 in late July, and climbed back to $109 in early September after renewed attacks on shipping and energy infrastructure. It has since eased to around $99 on hopes from US-Iran talks, but it is still up roughly 60% for the year.
Jet fuel has moved further than crude because refining margins widened. IATA’s latest weekly reading put the global average at $194.90 a barrel, up 7.4% in a single week. U.S. Gulf Coast kerosene-type jet fuel averaged $4.341 a gallon in September. The ground networks are exposed too: the national diesel average has hit a record $6.31 a gallon.
For FedEx, the world's largest cargo airline by fleet count, this lands directly on the cost line. In the quarter ended May 31, its fuel bill rose 66%, from $864 million to $1.43 billion.
The airspace squeeze: Russia plus the GulfThe Ukraine war and Western sanctions had already closed Russian airspace to U.S. and European carriers after 2022. That added hours and fuel burn to Europe-Asia routes and handed a lasting advantage to carriers that still fly over Russia. Chinese, Turkish, Indian and Gulf carriers keep Russian access and can offer faster, cheaper Europe-Asia flights.
Then the Gulf closed as well. Eight Middle Eastern states closed or restricted their airspace in late February, leaving traffic squeezed through the Caucasus corridor between the Black and Caspian Seas, about 100 miles wide at its narrowest. Xeneta estimated that 16-18% of global air cargo capacity disappeared with almost no warning. Freightos data showed rates from South Asia to North America and Europe up about 50% early in the war.
By mid-July, Gulf carriers had restored 75-96% of schedules by routing south over Saudi Arabia and Egypt, adding 30-60 minutes to Europe-Asia services. Longer flights mean more fuel, lower payloads, more crew hours and less aircraft utilization. DHL Global Forwarding reported that rerouting around the Gulf hubs was reducing schedule reliability and raising operating costs. Air freight to and from the region itself also fell hard: Middle East and Africa exports were down 24% year on year.
How the integrators have held upHere the story gets less straightforward than the headlines suggest. Surcharges have protected FedEx and UPS far better than airlines or asset-light truckers. FedEx’s chief customer officer said in March that the fuel surcharge was “doing its job” and would keep the company profitable.
The revenue numbers bear that out. In the March-May quarter, FedEx revenue rose 13% to $25 billion, with Iran-war fuel surcharges adding 5 percentage points of revenue. FedEx’s U.S. ground fuel surcharge stood at 26% in the week of August 17. UPS raised its full-year 2026 guidance to $91.2 billion in revenue and about $7.22 in adjusted EPS.
The pressure shows up in margins. FedEx beat estimates last quarter, but its operating income fell nearly 22% year over year. The mechanism is simple. The surcharge resets on a lag, and when fuel spikes, revenue and costs rise by similar dollar amounts, which dilutes the margin percentage. FedEx shares are down 6.6% over 30 days and 7.6% over 90 days, although still up 65.5% over one year.
The freight sector’s warning light went on this month. J.B. Hunt said Q3 earnings would fall 5-10% from the prior quarter, citing at least $10 million in extra fuel costs and $25 million in driver recruiting and bonus costs, which dragged down package-delivery stocks along with truckers.
Who pays: from shippers to consumersOn the evidence so far, shippers are bearing most of the cost. UPS’s CFO described the net profit impact of surcharges as “modest,” and FedEx said they were not a material driver of adjusted operating income. Critics have noted that neither company explained why surcharge percentages rose so sharply. For comparison, the U.S. Postal Service imposed its first surcharge on April 26, at 8% on most packages. One fact-check found no evidence of industry-wide gouging, but did find that some transport companies are collecting more in surcharges than they spend on fuel.
From shippers, the cost flows into prices. That is where the carriers’ problem becomes everyone’s problem.
The inflation pictureThe OECD’s interim outlook, published today, projects G20 headline inflation rising to 4.1% in 2026 and easing to 3.6% in 2027, while advanced-economy core inflation moderates from 2.7% to 2.5%. That split matters. This is mainly an energy shock that pushes up headline inflation, not yet a broad wage-price spiral. The OECD credits government support, input substitution, non-Gulf supply and oil reserve drawdowns with limiting the damage.
In the U.S., August CPI was 3.4% year on year, while core was 2.4%, the lowest since March 2021. Gasoline alone accounted for more than a third of the monthly increase. The Fed still took no chances. It raised rates to 3.75-4.00% on September 16, its first hike since 2023, citing the Iran energy shock, and most officials expect at least one more hike this year.
How freight costs reach the checkoutThe express surcharges are a real but secondary channel. Shipping is usually a small share of a finished good’s retail price, so parcel surcharges add friction at the margin rather than driving CPI. The same jet fuel shows up much more clearly in passenger airfares, up more than 23% since August 2025.
Food is the more important channel. Diesel, packaging and fertilizer matter more than parcel rates, and a lot of fertilizer moves through Hormuz, which threatens global food prices. One inflation analyst who normally dismisses food and energy as mean-reverting now says he’s less confident about food, because energy is feeding into trucking and packaging costs.
The spillover into core inflation is what central banks fear. Economists warn that renewed rises in oil, gasoline and diesel could spread to other prices and to inflation expectations. So far median CPI looks relatively tame, and part of the rise in services inflation is airfares, which is really energy.
The pain is not evenly spread. Energy- and food-importing emerging economies are far more exposed than the U.S. In the Philippines, diesel went above ₱140 a liter, about $10.75 a gallon. Weak currencies and heavier weights for food and fuel in consumer price indexes amplify the shock there.
Duration decides everythingThe OECD’s June scenarios frame the stakes. If Gulf supply recovers from Q3 2026, the shock fades in 2027. If disruption lasts into late 2027, the result is much weaker growth and much higher inflation, adding about 0.4 points in 2026 and 1.3 points in 2027. The OECD’s baseline assumes energy prices fall in 2027, but it lists prolonged Middle East export disruptions and a very strong El Niño as key downside risks. With Brent near $99 and the Saudi East-West pipeline shut since September 11, that baseline looks optimistic.
A long disruption would also change the carriers’ position. Their pass-through model works only as long as customers accept it. The longer surcharges stay above 25%, the more small and mid-size shippers will downgrade from express to ground, from air to ocean, or simply ship less. FedEx’s own outlook assumed no further geopolitical disruptions and acknowledged that soaring fuel costs could weigh on results if customers pull back. The Russia-overflight disadvantage doesn’t go away when oil falls. And the gap between surcharge revenue and actual fuel cost could become a political and legal target.
The wars and sanctions have made running a global express network structurally more expensive: longer routes, fewer usable hubs, and fuel that stays high and swings unpredictably. So far FedEx and UPS have converted most of that cost into surcharge revenue, and their pain shows up as margin compression rather than losses. The cost has been passed downstream, where it adds to the energy-led inflation that has already pushed the Fed back into hiking.
For both the carriers and the inflation outlook, the deciding factor is how long the Hormuz disruption lasts. If jet fuel stays near $190 a barrel through peak season, the question stops being whether FedEx and UPS can pass costs on. It becomes whether their customers, and the consumers behind them, can keep absorbing them. The next markers are September CPI on October 14, and FedEx’s commentary on surcharge recovery and volumes in its fiscal Q1 2027 report.
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US Pledges $267 Million More In Ebola Aid To Congo
The United States is sending another $267 million to fight the Ebola outbreak in Congo, bringing total U.S. aid for the outbreak to $887 million, the State Department announced Wednesday on the sidelines of the U.N. General Assembly.
A doctor administers serum to a patient with Ebola virus disease at the Rwampara Ebola Treatment Centre in Bunia, Ituri Province, in northeastern Congo, on July 13, 2026. Benediction Murhabazi/AFP via Getty ImagesThe outbreak, first detected in Congo's Ituri province in May before spreading to Uganda, has killed at least 3,700 people as of the U.N.'s Sept. 22 count. That makes it the second-deadliest Ebola outbreak on record, behind the 2014-2016 epidemic in West Africa.
The new money fulfills a G7 pledge of up to an additional $500 million, and it came with a message for everyone else. The State Department urged other "capable nations to increase burden sharing to meet the urgency of the moment." The U.N.'s $2.13 billion response plan is only 48 percent funded, leaving a gap of roughly $1.1 billion.
As The Epoch Times notes further, the $887 million in direct aid for the Ebola outbreak is on top of existing U.S. contributions to international aid through the U.N. Office for the Coordination of Humanitarian Affairs (OCHA).
Since the start of the second Trump administration, U.S. contributions to OCHA's aid programs across 21 key countries have reached $3.8 billion.
A $2 million first tranche contribution was agreed to in December 2025 when the Trump administration outlined its "Humanitarian Reset" framework agreement following the U.S. withdrawal from the World Health Organization (WHO) and cuts to its funding.
A second tranche of $1.8 billion was made to OCHA on May 14. Part of this includes $350 million in aid to Congo, Uganda, and South Sudan, the department said.
In addition to aid contributions to the United Nations, the United States, under the Trump administration's America First Global Health Strategy, has been outlining bilateral global health agreements with partner countries. In February, Washington and Congo signed a five-year health memorandum of understanding under that strategy, with the United States intending to provide up to $900 million to support HIV, tuberculosis, malaria, maternal and child health, and disease surveillance.
The current Ebola outbreak began in Ituri province in northeastern Congo. It quickly spread to Uganda. On May 17, the World Health Organization declared the spread of the virus a public health emergency of international concern.
WHO Director-General Tedros Adhanom Ghebreyesus said during a press conference on Sept. 16 that transmission is declining in the most affected areas of the outbreak epicenter, with the epidemic mostly contained to northeastern Congo.
But he warned that more work was needed. He said the situation wasn't a single epidemic to manage, but rather "many outbreaks in many places."
According to the CDC's situation page, no Ebola cases associated with this outbreak have been reported in the United States, and the overall risk to the U.S. public and travelers remains low.
Tyler Durden Fri, 09/25/2026 - 04:15