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 Industry Roundup |
Consumer Economics
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Fitch projects Canada's real household spending to grow 3.8% in 2022 and 3.2% in 2023 on steady real GDP growth; real GDP growth forecast at 3.6% in 2022 and 2.0% in 2023, and inflation projected at 7.0% in 2022 and will lower to 4.6% in 2023
Fitch Solutions Sector Intelligence (09/12)
Mastercard SpendingPulse expects US holiday spending growth to slow to 7.1% from 8.5% a year earlier, as consumers facing high inflation cut back on discretionary spending; however, online sales expected to rise 4.2%, building on 2021's substantial growth
Reuters (09/12)
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Consumer Health & Wellness
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M&S own-brand toilet roll packaging now features bowel cancer symptoms to encourage customers to contact their doctor if things don’t feel right; packaging features infographic, QR code that links to Bowel Cancer UK’s website for more information
Contify Retail News (09/09)
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Consumer Behavior/Attitudes
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Poll of 1,505 adults finds 44% believe US handles healthcare well, 45% believe healthcare for older adults is handled well in country; 25% approved nation’s handling of prescription medication costs: AP/NORC survey
Becker's Hospital Review (09/12)
US consumers are scaling back food purchases in the face of persistent inflation, according to new report from Information Resources, which says prices for food at home up 1.6% between end of July 2022 and August 2022
Business Wire (09/12)
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Health Concerns, Trends & Statistics
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FDA approves Botox competitor that lasts longer; Revance Therapeurics’ Daxxify lasts longer than Abbvie’s Botox, with about 80 percent of users seeing no or mild facial lines at four months after injection
Physician's Briefing (09/12)
Up to 30 million adults in US could benefit from hearing aids; fewer than 30% of adults 70 or older who could benefit from hearing aids have used them: National Institute on Deafness and Other Communication Disorders
Nashville Scene (09/12)
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Health
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Cardiovascular/Heart Health
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University of Michigan, University of South Florida file patent infringement lawsuit against Novartis for Entresto heart failure drug; schools argue Entresto infringes on co-crystal patent held by schools
Indian Pharma Industry : Policies (09/09)
J&J’s Biosense Webster releases Octaray Mapping Catheter with Trueref Technology powered by the CARTO 3 Version 7 System; catheter maps cardiac arrhythmias, including atrial fibrillation; AFib affects nearly 40 million people worldwide
Johnson & Johnson Services Inc. (09/06)
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Dental & Oral Health
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Omnichannel pet wellness platform Antelope announces acquisition of pet health and wellness brand Ark Naturals, which will operate under its own name; brand has over 70 products, focusing on dental, hip and joint, skin and coat, senior and wellness
Business Wire (09/07)
Global dental implant market predicted to reach US$6.5B by 2029, with CAGR growth of 6.3% from 2022-2029; growth driven by rise in dental diseases, increase in accidental tooth loss, rise in oral cancer and osteoporosis
PR Newswire (09/06)
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Fertility/Reproductive Health
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Perrigo reports FDA committees meeting November 18 to review firm’s application to offer Opill progestin-only daily oral contraceptive as OTC drug; if approved, drug would be first OTC birth control pill in US
PR Newswire (09/12)
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Liver/Kidney/Bladder Health
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Bayer updates label of kidney drug Kerendia finerenone in US to indicate the medicine cuts cardiovascular event risk in patients with chronic kidney disease and type 2 diabetes; Bayer expects Kerendia and heart medicine Verquvo to drive long-term growth
SeeNews Pharmaceuticals (09/06)
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Mental Health
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OSHA and American Foundation for Suicide Prevention to develop information and products on workplace mental health and suicide prevention awareness in multiple languages that reflect diversity in the workforce and encourage workers' sense of belonging
US Official News (09/12)
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Women's Health Issues
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Mannkind successfully completes Phase 1 study of inhaled clofazimine to treat nontuberculous mycobacterial lung disease; about 86,000 people in US have NTM lung disease, with risk rising 8% annually in women, the elderly, those with lung conditions
GlobeNewswire (09/07)
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Health Studies
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Michigan environment department may conduct drone odor study in 2023 to detect toxins in air near Graphic Packaging paper mill, upon written consent from company, city of Kalamazoo; company cooperating with agency's request for access to measure for VOCs
Kalamazoo Gazette (09/12)
Study finds telehealth lowered opioid overdoses in US during pandemic as patients who participated in telehealth services more likely to receive medications for opioid use disorder; telehealth also linked to better adherence to medications: CDC
Consumer Health News (09/07)
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Home Use/Self-Care
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Philips recalls over 17 million CPAP, BiPAP masks due to issue with mask’s magnets, which may affect pacemakers, other implanted metal medical devices; 14 serious injuries reported due to magnet issue
Becker's Hospital Review (09/07)
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Foodborne Illnesses
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Two more US states--Kentucky and New York--and 13 new cases of an E. coli outbreak with a suspected link to romaine used in Wendy’s sandwiches added to a CDC investigation; total number of states linked to this outbreak now at six
Nation's Restaurant News (09/07)
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Nutritional
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Healthy Foods & Beverages
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Executive Perspective: Technology and innovations will transform food value chain in response to five global customer trends, including healthy foods, convenient foods, and product and channel Innovation, says CEO of Charoen Pokphand Foods
Charoen Pokphand Foods PCL (09/06)
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Vitamins/ Supplements
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Natural pet health supplement brand Pet Honesty announces its Multivitamin 10-in-1 dog supplements are now available at over 1,500 Petco locations nationwide and at Petco.com; product is formulated to support adult dogs' overall health everyday
PR Newswire (09/07)
Xampla launches technology that enables brands to micropackage vitamins within beverages without risk of degradation during transit or storage; the natural technology wraps a microscopic droplet of vitamin oil in plant-based material to guard the vitamin
Packaging News (09/07)
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Demographics
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Children
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American Cleaning Institute will launch new campaigns for Baby Safety Month in September, sharing tips on proper storage of cleaning and laundry products; campaign raises awareness of popular but unsafe cleaning product storage trends seen on social media
American Cleaning Institute (09/09)
UK government announces that folic acid will be added to flour to save babies from devastating medical conditions such as spina bifida; ministers say pregnancies affected by neural tube defects could fall by more than a fifth as a result
Daily Mail (09/09)
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Gender
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Diversey will host upcoming LEAD Network CEO Roundtable, to be held as a physical event for the first time in two years; forum will discuss challenges and rewards of promoting more women to leadership positions, companies' efforts to reach gender parity
Diversey, Inc. (09/12)
Baby Dove launches #DearDoula, a new informative series as part of its Black Birth Equity Fund and ongoing commitment to advancing care for Black mothers; #DearDoula content series will expand access to doula-provided advice across social media platforms
PR Newswire (09/12)
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Ethnicity & Race
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Cummins Advocating for Racial Equity makes US$5.0M partnership investment with impact fund Reinventure Capital; Reinventure invests in US companies led, managed by people of color and/or women
Cummins Inc. (09/12)
Hair-care brand African Pride launches new initiative, GROW, celebrating women's natural hair types, self-love through haircare; initiative launches with a campaign film, will expand across paid and organic social media with content from influencers
PR Newswire (09/07)
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Age
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Canadian employment fell by 40,000 in August, unemployment rate up 0.5% to 5.4% as gains in various industries were offset by declines in educational services, construction; employment down among youth aged 15 to 24, mainly young women: Statistics Canada
Statistics Canada (09/09)
Juul agrees to pay at least US$438.5M in 33 states and Puerto Rico to settle allegations that it marketed vaping products to underage users; company is barred from certain advertising activities, including product placements in film and TV, social media
The Australian (09/07)
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Population/Demographics
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Bain expects Southeast Asia to maintain projected growth at 5.1% by end-2023 compared to US at 1.3%, EU at 2.1%, China at 4.7%; Southeast Asia's digital consumer population still growing and should hit 370 million by end-2022, rise to 402 million by 2027
Bain & Co. Inc. (09/08)
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Fitness
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Fitness, Exercises & Sports
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Clean hair-care brand IGK teams with tennis brand Prince on limited-edition First Class Charcoal Detox Dry Shampoo, with packaging inspired by tennis bag essentials; dry shampoo cleanses hair and scalp, eliminates oil and odor to go longer between washes
Happi (09/12)
Beiersdorf's Nivea Men extends global partnership with Real Madrid through 2025; brand will remain team's global partner in over 70 countries to reach target groups with its grooming and skin care expertise, focus next on digital activities for consumers
Beiersdorf AG (09/09)
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Wearable Devices
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MIT engineers create flexible film which changes color when stretched; film can be used to produce shade-shifting fabrics, pressure-monitoring bandages, touch-sensing robots, or to improve coatings, packaging, wearable devices
Massachusetts Institute of Technology (MIT) (09/09)
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Consumer Wellness
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