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Category: Walmart

Category: Walmart

FDA cracks down on bogus anti-viral products from Amazon, Walmart

Enlarge / This 1980 transmission electron microscopic (TEM) image revealed some of the ultrastructural morphology exhibited by three poxvirus, molluscum contagiosum virions. (credit: CDC) The Food and Drug Administration sent a flurry of warning letters this week over bogus homeopathic products falsely claiming to be antiviral cures—products mostly marketed to children. Amazon, Walmart, and the homeopathic company behind Naturasil products were among those receiving warnings for allegedly selling unapproved drugs in violation of federal regulations. The products are “especially concerning from a public health perspective because they are marketed for use in children,” the FDA wrote in its letter to

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Walmart is adding Wing drone deliveries to limited Superstores this year

Wing is expanding drone deliveries to a pair of Texas-area Walmart Superstores later this year. The Alphabet-owned drone firm says the two offerings will cover a combined 60,000 homes in the greater Dallas-Fort Worth metroplex. The first location is 8555 Preston Road in Frisco, Texas, a suburb Wing has served since 2021. That spot is expected to get up and running “in coming weeks.” The Alphabet X graduate already manages 11 drone hubs in the region. An additional Supercenter location will go online before the end of year. Both spots will be available to customers within a roughly six-mile radius,

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Walmart pays $1.4 billion to buy Tiger Global’s remaining Flipkart stake

Walmart paid $1.4 billion to buy out Tiger Global’s remaining holding of Flipkart shares as the retail giant further expands its stake in the Indian e-commerce startup. The transaction took place in recent days and Tiger Global, which has cashed most of its Flipkart shares earlier, overall made a gain of $3.5 billion on an investment of $1.2 billion, the New York-headquartered hedge fund told investors, according to a person familiar with the matter. Wall Street Journal first reported on the deal. Flipkart is the only Indian startup in which Tiger Global had invested more than $1 billion, according to

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