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Bloomberg
6 minutes ago
- Bloomberg
FDA's Push for 'Radical Transparency'
Wall Street Week FDA Commissioner Martin Makary says the agency will begin publishing drug rejection letters—long kept confidential—to help developers better understand what he calls the FDA's 'black box.' (Source: Bloomberg)
Yahoo
7 minutes ago
- Yahoo
Xi Signals China May Finally Move to End Deflationary Price Wars
(Bloomberg) — After years of mounting concern over deflation and the bruising price wars that have plagued much of China's economy, President Xi Jinping's government is showing signs of finally taking action. Singer Akon's Failed Futuristic City in Senegal Ends Up a $1 Billion Resort Are Tourists Ruining Europe? How Locals Are Pushing Back Can Americans Just Stop Building New Highways? Denver City Hall Takes a Page From NASA Philadelphia Trash Piles Up as Garbage Workers' Strike Drags On Beijing's messaging has noticeably shifted in recent weeks, with Xi and other top officials offering their bluntest assessment yet of the cutthroat competition that's been dragging down prices and profits across industries, from steel and solar panels to electric vehicles. This pivot comes after nearly three years of factory-gate deflation and growing pressure from US tariffs and trade tensions. Finding a solution would be welcome news for much of the world. A successful effort to rein in industrial overcapacity, long a source of friction with trading partners, stands to ease trade tensions and restore confidence in the globe's second-biggest economy. But the path forward is far from clear. Xi's government must curb excess supply without stalling growth or putting jobs at risk, especially as external demand slows and a lasting trade deal with the US remains elusive. 'If executed right, it could be helpful to global trade, in terms of easing tensions coming from China's overcapacity, output spilling into the global markets,' Wendy Liu, chief Asia and China equity strategist at JPMorgan Chase & Co. (JPM), told Bloomberg Television on Wednesday. 'But short term, it's not GDP-friendly or employment-friendly, so it's a balancing act.' China reported this week that factory deflation persisted into a 33rd month in June, with the producer price index falling 3.6% from a year earlier. The decline was the most since July 2023 and sharper than any economists had forecast, underscoring the urgency of the problem. While no formal plan has been announced, optimism is building that a more coordinated policy response is on the way. A meeting this month of the top Communist Party body in charge of economic policy acknowledged the underlying causes of the problem, ranging from local governments' drive to promote investment to a tax system that favors output over efficiency. Though it doesn't directly reference deflation, until recently a taboo topic in Beijing, the assessment 'represents the strongest signal yet that Chinese policymakers are intending to tackle disorderly competition and the price wars in sectors like autos,' said Duncan Wrigley, chief China economist at Pantheon Macroeconomics. It omitted a mention of industry associations — whose efforts at self-regulation have largely failed at limiting production — in what Pantheon said could indicate a new approach 'with greater top-down determination.' Industry groups and official media have echoed the shift in tone, calling for efforts to end the price wars. Some companies in sectors ranging from steel to glassmaking are reportedly planning to cut output. The cost of reinforcing bars, a key steel product used in construction, has fallen to the lowest since 2017, while glass prices are hovering near a nine-year low. The People's Bank of China ( expressed similar concerns, naming 'prices running at a low level continuously' as a key challenge of the economy for the first time in recent years. In May, the central bank offered another detailed analysis of downward pressure on prices, which highlighted the limits of relying on monetary easing to reflate the economy under a growth model that's tilted toward investment and supply. China's Ministry of Industry and Information Technology, or MIIT, met with solar companies, while a group of almost three dozen construction firms signed on to an 'anti-involution' initiative, a term used in China to describe intense competition sparked by excess capacity. The government also launched a platform to handle supplier complaints over late payments, part of a broader push to clean up unfair business practices. For now, the lack of concrete policy measures is tempering expectations. If officials follow through, as they did after a similar meeting early 2024 that led to a consumer goods trade-in program — many economists expect them to reprise a playbook used between 2015 and 2017. That supply-side reform largely consisted of aggressive cuts of heavy industry capacity including steel and coal, as well as a shantytown redevelopment program that encouraged residents to buy new homes. The effort helped revive commodity prices and home sales. Eventually, it contributed to a recovery in industrial profits and stabilized economic growth. But the challenge now is more complex. Domestic demand remains weak, export prospects are deteriorating, and many of the sectors engaged in the most intense price wars — like EVs — are dominated by private firms, limiting the government's ability to impose capacity cuts. Local officials, wary of unemployment, may resist moves that threaten jobs, even if it means keeping unprofitable firms alive. And while China is eager to defuse the pressure on prices, it's equally determined to increase its manufacturing might in the face of President Donald Trump's push to bring more factories back to the US. Beijing is considering a new version of its 'Made in 2025' campaign to boost production of high-end technological goods, Bloomberg News previously reported. For Citigroup Inc. (C), upcoming measures could include capacity cuts in sectors dominated by big state-owned enterprises, such as coal, steel and cement, as well as stricter enforcement of environmental, labor and quality standards in private-dominated industries. Authorities could also reduce subsidies for industries, including those motivated by local favoritism, or cut export tax rebate, according to a Citi report last week. The latter already happened for products including aluminum, copper and batteries in late 2024. Officials may also move to rein in bad business practices, such as exploiting suppliers to win lower prices or delaying payments. In March, new rules required firms to pay suppliers within 60 days, and several automakers have since pledged to comply. Analysts at HSBC Holdings Plc (HSBC) argue that demand-side measures will be equally important, with steps such as improving the social safety net as well as stabilizing employment and the property market. But longer-term change will require deeper reforms to the China's growth model, one which relies on investment and production. That could mean adjusting how local officials are evaluated, shifting from pure economic expansion targets to metrics like consumption and income growth, according to Morgan Stanley (MS). For now, the shift in tone is notable, but the follow-through remains uncertain. 'The tone is sharper, the intent more coherent,' Morgan Stanley economists led by Robin Xing wrote in a report. 'But no timeline has been laid out, and no mechanism for enforcement has been introduced,' they said, adding that 'the gap between diagnosis and delivery remains wide.' —With assistance from Ocean Hou, Yvonne Man and Annabelle Droulers. Will Trade War Make South India the Next Manufacturing Hub? 'Our Goal Is to Get Their Money': Inside a Firm Charged With Scamming Writers for Millions Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate 'Telecom Is the New Tequila': Behind the Celebrity Wireless Boom SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too ©2025 Bloomberg L.P.
Vogue
10 minutes ago
- Vogue
160+ Vogue Editor-Tested Prime Day Beauty Deals You Should Know About
Welcome to day three of Amazon Prime Day! Since Tuesday, the best Prime Day beauty deals have kicked off across skin care, beauty tools, makeup, wellness, and hair care yesterday, going on through July 11. But don't worry, if you're unsure what to buy, we've spent more time than we'd like to admit sifting through hundreds of pages to unearth that actual best Prime day sales. Vogue's Guide to the Best Amazon Prime Day Beauty Deals: Since we're just getting started with these day one deals, we encourage you to keep checking back on this list as we continue to update it with our favorite products on sale throughout the week—a comprehensive list of our editors' favorite Prime Day picks can be perused here. And the upside of being a Prime member is that you'll be able to enjoy your finds—be it a hyaluronic acid moisturizer, micellar cleanser, or body wash—within days flat, thanks to lightening fast Prime shipping. Though the Amazon Prime day 2025 deals have been going on for a while now, it's understandable if you haven't checked out on anything. Consider our top picks if you're feeling a little indecisive: Ulike's IPL device is a favorite for laser hair removal—currently $50 off—a similar story for Drybar's blow dryer brush that's 30% off. Skincare fanatics will appreciate deals on RoC's beloved wrinkle cream, La Roche-Posay's tinted SPF, and a host of K-beauty labels fortunately stocked on Amazon. One could also use the moment to restock on vitamins, supplements, and other personal care essentials. Safe to say, there are some seriously great deals to discover from many of our favorite beauty brands. All of this and more below, where a Vogue beauty editor vets the best deals to shop. The Best Prime Day Beauty Deals, By Category Sometimes you want to peruse the deals, other times, you know exactly what you're looking for. To help you quickly find a specific item, we've broken our guide into categories below. Prime Day Makeup Deals—Up to 40% Off Summer beauty routines call for lightweight formulas like skin tints enriched with SPF—and a good brow, via Anastasia Beverly Hills's beloved pencil. Of course, some products stand the test of time no matter the season, like lengthening mascaras such as L'Oréal Paris's formula, which gives you the illusion of eyelash extensions. You'll also need a waterproof mascara and eyeliner that holds up against dips in the pool. Finish your regimen with a good non-sticky lip gloss, like Tarte's Maracuja or Summer Friday's holy-grail lip balm, and a reliable concealer exceptional at brightening the under-eye, such as Too Faced's Born This Way illuminating option. Vogue's beauty shopping writer Conçetta Ciarlo uses Summer Fridays Tinted Lip Butter Balm. Summer Fridays Tinted Lip Butter Balm $26 $24 (8% off) AMAZON Packed with a blend of shea and murumuru seed butter, Summer Friday's lip butter is one of the most comfortable—and flattering lip balms on the market. Prime Day Vitamin & Supplement Deals—Up to 35% Off When your skincare routine is in order and you've reevaluated your lifestyle choices, but you're still looking to enhance and optimize how you look and feel, the wide world of supplements is your best bet. Some options have been tried and true for years—think probiotics and multivitamins. Others, are gaining traction again as their benefits are pushed to the forefront of our wellness conversation—looking at you protein, magnesium, and collagen. Or, you could look to the buzzy supplements of the moment, from NAD+ to colostrum. No matter what you choose, many of our favorites are sold on Amazon, and featured in the best Prime Day deals. Vital Proteins Collagen Peptides Advanced $51 $36 (29% off) AMAZON With 20 grams of hydrolyzed bovine collagen, 18 grams of protein per serving, vitamin C, and hyaluronic acid, Vital Proteins's collagen powder is an excellent option to supplement any regimen. ProHealth Longevity Longevity NADH Pro Supplement $39 $37 (5% off) AMAZON Prime Day Premium Skin-Care Deals—Up to 30% Off You might head over to Amazon expecting to be met with a host of your favorite drugstore skincare brands; but trust us—there are more prestige skin-care labels there than you think. Sulwhasoo leads the charge on the K-beauty front—offering a luxury take on the Korean skin philosophy. It's a similar story for Tatcha, whose cleansing oil and face creams are featured in the sale. From U Beauty to Tata Harper, discover our favorite premium skin-care deals below. Prime Day Skin-Care Deals—Up to 40% Off From cleansing oils to wrinkle-smoothing creams and breakout-fighting patches, Amazon's beauty marketplace is filled with amazing skin-care products to explore. Take advantage of the Amazon Prime Day deals to refresh your routine or experiment with some items you've been considering for a while. Some popular options to consider include the beloved RoC retinol cream, the dermatologist-approved EltaMD Daily SPF, Estée Lauder's Advanced Night Repair Eye (a well-loved salve against dark circles and crow's feet), and Kate Somerville's skin-rejuvenating exfoliating treatment. Prime Day Red Light Therapy Deals 'Red light has been shown to reduce inflammation in the skin and to stimulate fibroblasts to produce collagen, which can reduce and prevent wrinkles and can improve skin texture,' board-certified dermatologist Dr. Blair Murphy-Rose previously told us in our quest to understand the industry's brightest light therapy devices. Clinically proven to yield impressive results, you'd be smart to consider shopping one of the devices while they're on sale. Options by Currentbody, Qure, HigherDose, and more are all currently marked down in the Prime Day deals. Higherdose Red Light Face Mask $349 $279 (20% off) AMAZON '[This] has 132 LEDs to deliver red and near infrared wavelengths for a FDA-cleared full face anti-aging [device], making it a good treatment for a patient wanting to treat wrinkles, improve skin texture and reduce the appearance of brown spots and does not have acne concerns,' double board-certified plastic surgeon Dr. Angela Sturm says of this Higherdose mask. Currentbody LED Neck & Décolletage Mask: Series 2 $420 $378 (10% off) AMAZON Prime Day Hair Growth Deals—Up to 40% Off When it comes to getting a thicker, fuller mane, it's the best hair growth products to the rescue! The key is to figure out the best type of product and ingredients to utilize in order for the treatment to be effective. 'When treating hair loss, it is important to understand the root cause of hair loss when choosing a product or treatment,' dermatologist Dr. Candace Spann previously said. 'Oftentimes a multifaceted approach is required in order to optimize outcomes.' If a supplement is your thing, consider Nutrafol's expert-endorsed capsules or Vegamour's gummies which are shockingly yummy. A scalp serum by Act+Acre, rosemary oil by Mielle, or Sky Organics castor oil could also do the trick. Just shop now while items are on sale. Prime Day Dyson Deals—Up to 45% Off These deals provide a fantastic opportunity to indulge—or persuade someone to indulge you—in items on your wish list, like Dyson's beauty and home products. While these usually come with a hefty price tag, during Prime Day, you can save up to a hundred dollars or more on coveted items like the Dyson Airwrap i.d. for styling, the Dyson Supersonic Origin for drying, or a Dyson vacuum for tidying up around the house. Prime Day Wrinkle Cream Deals—Up to 40% Off The best wrinkle creams on Amazon prove that drugstore prices don't diminish efficacy. Packed with intelligent peptides and retinols, combined with nourishing agents like hyaluronic acids and ceramides, these cost-effective formulas rival their more expensive counterparts—working wonders to smooth fine lines and deep wrinkles when used as directed. Fortunately, our favorites are currently up to 40% off right now. Vogue's senior beauty shopping writer Kiana Murden tests the RoC Retinol Correxion Deep Wrinkle Night Cream. RoC Retinol Correxion Deep Wrinkle Night Cream $30 $20 (33% off) AMAZON My personal favorite drugstore find by RoC is known to keep wrinkles at bay. 'This product is a great point of entry for those new to retinols,' dermatologist Dr. Brendan Camp said of the formula. 'It is accessible, well-tolerated, and easy to control the amount of product dispensed.' Prime Day Beauty Device Deals—Up to 40% Off If you want to take your beauty routine to the next level, you'll need to add a high-tech beauty tool or two into the mix. Look to bestselling gadgets to do so, recreating the experience of a spa from the comfort of you're own home—we're fans of the PMD microdermabrasion wand to reduce blemishes and even skin tone, the Amazon-favorite Ulike IPL device for at-home laser hair removal, Nurse Jamie's body exfoliating tool, and the Foreo Bear Microcurrent device for facial toning. Prime Day Vitamin C Deals—Up to 30% Vitamin C has a long-list of benefits, which is why its become an oft-recommended solution to aide one's skincare woes. 'It helps protect the skin from environmental stressors like UV rays and pollution, supports collagen production, and helps even out skin tone by fading dark spots and hyperpigmentation,' board-certified physician assistant Paula Brezavscek previously told Vogue. 'In short, it's one of the most well-studied and effective ingredients we have for brightening and protecting the skin.' To incorporate into your regimen, take your pick of options on sale by CeraVe, BeautyStat, Goodal, and Naturium. Prime Day Oral-Care Deals—Up to 50% Off Everything in your routine is optimized, yet you're still relying on that free toothbrush from your last hotel stay? This Prime Day, upgrade your dental care with a futuristic toothbrush like the Oral-B Genius X Limited Rechargeable Electric Toothbrush, which even includes Bluetooth to connect to your cell phone for insights; or, for a more eco-friendly option, consider Suri's which is crafted from recyclable plant-based brush heads. Alternatively, try a trendy mouthwash from Moon that freshens and whitens at the same time, without the use of fluoride or alcohol. While you're at it, upgrade your floss routine too with innovative solutions by Oral-B and Flaus. Prime Day Hair Care Tool Deals—Up to 30% Off Taming your hair can be challenging without the right tools, and Prime Day sales are the perfect opportunity to upgrade your old flat iron to something more advanced. Consider Kristen Ess's 3-in-One beveled straightener, which allows you to achieve beach waves, sleek straight styles, or loose curls—all with one tool. Alternatively, you can opt for a device that provides salon-quality blowouts at home, such as the T3 Aire 360 Multistyler. This versatile tool features interchangeable barrels, brushes, and drying attachments for customizable styling. There's also the easy-to-use Drybar blow dryer brush. If you prefer a classic blow dryer with multiple attachments, check out Shark's fast-drying option. Drybar Blow-Dryer Shot Collection $155 AMAZON Go get a blowout at the salon or just get the tool all the pro's use? It's editor-approved too, for its perfectly-sized oval barrel that's easy and lightweight to use. Kristin Ess 3-in-One Professional Titanium Hair Straightener $95 $68 (28% off) AMAZON Conair Instant Heat Styling Brush $32 AMAZON Tymo Hair Straightener Brush $60 $40 (33% off) AMAZON Combines a comb with a flat iron to cut straightening time in half — with five temperature settings for different hair types. Prime Day K-Beauty Deals—Up to 40% Off While hopping on a plane to Korea for the latest beauty innovations may not always be feasible, you can still indulge in the best K-beauty deals online and have them delivered straight to your door in no time. Korean skincare is renowned for its groundbreaking formulas that deliver remarkable results. Many of these beloved products have taken TikTok by storm, captivating audiences with their effectiveness. Treat yourself to Medicube's exfoliating pads, Sulwhasoo's antioxidant-rich eye cream, CosRx's hydrating snail mucin sheet masks, and Anua's ultra-soothing heartleaf toner. Vogue's senior beauty shopping writer Kiana Murden uses Biodance's Bio-collagen Real Deep Mask. Biodance Bio-Collagen Real Deep Mask $62 $50 (19% off) AMAZON This Korean sheet mask is drenched in low-molecular weight collagen peptides, galactomyces, oligo hyaluronic acid, and niacinamide to reduce pore size, plump, and hydrate skin overnight. Vogue's senior beauty commerce writer Kiana Murden uses Medicube's Collagen Jelly Cream. Medicube Collagen Jelly Cream $33 $15 (55% off) AMAZON Prime Day Korean Makeup Deals—Up to 40% Off If there's one thing you can know for sure about Korean makeup products, they will be skin-care focused. 'In Korea, it's a given that makeup needs to make your skin look amazing,' expert and former Allure editor in chief Michelle Lee previously told Vogue of Korean makeup. 'Makeup products tend to be quite affordable and have skin-care benefits too.' To wit, expect everything from TIRTIR's viral foundation compact to Peripera's velvet-finish lip stain to feature a host of nourishing, moisturizing ingredients while delivering unmatched illuminating color. TIRTIR Mask Fit Red Cushion Foundation $25 $14 (44% off) AMAZON TIRTIR's cushion foundation evens and illuminates skin like no other. With just a few pats into the skin, dark spots and blemishes are seamlessly veiled with a medium-to-full coverage glass skin finish. Peripera Ink the Velvet Lip Tint $11 $7 (36% off) AMAZON A weightless, highly pignemted lip tint that smooths on easliy and doesn't budge all day—available in 45 shades. Prime Day Body-Care Deals—Up to 40% Off Investing in your body care routine can transform your daily regimen into a luxurious ritual, especially with the skin-baring summer months ahead. For smoothing and firming, StriVectin's cream is a popular choice. Additionally, First Aid Beauty's exfoliating pads are effective in targeting ingrown hairs, making them ideal for bikini season. Medix 5.5 offers a body cream that is rich in collagen and peptides, providing intense, skin-plumping hydration. Meanwhile, Naturium's salicylic acid spray effectively addresses body acne in hard-to-reach areas. Consider adding these products to your cart along with your other skin-care splurges today. Cyklar Sensorial Body Wash $35 $30 (14% off) AMAZON Not me and Hailey Bieber have the same favorite body wash! True to its name, Cyklar's sensorial cleanser smells incredible and offers a soft, non-stripping lather. Nécessaire The Body Serum $48 AMAZON Prime Day Hair-Care Deals—Up to 30% Off We value our hair-care routine just as much as our skin-care routine, and Prime Day is a tactful time to stock up on the essentials, such as smoothing shampoo and conditioner sets, nourishing hair oils, and reliable heat protectant sprays—these are crucial whenever you use your favorite heat styling tools—especially if you're interested in promoting hair growth. And if it's a more intensive treatment, Olaplex's No.8 is a reparative mask suited for all hair types. However, you can also get creative with your purchases, like trying out a shine-enhancing leave-in treatment designed to tame frizz, like the one from ColorWow, below. Prime Day French Pharmacy Deals—Up to 40% Off While you can't jet off to Paris every time you run out of your favorite French pharmacy picks, thankfully many of our favorite French beauty brands are available online. That's right—you can save big on Avène's esteemed thermal spring water spray, L'Occitane's best-selling Cleansing & Softening Almond Shower Oil, and even Embryolisse's multitasking face moisturizer without leaving your home. Prime Day Personal Care Essentials Deals—Up to 20% Off Imagine a routine where everything is perfectly optimized—yes, everything! Tired of sifting through a chaotic makeup bag? Eachy's multi-partition toiletry bag will transform your beauty routine with dedicated spaces for every product, bringing order to your essentials. Are you interested in enhancing your hot girl walk? Throw on a weighted vest—just be sure to hydrated with your new Stanley water bottle. And if its alleviating dryness in the air, look no further than Levoit's humidifier which adds moisture with ease. Prime Day Fragrance Deals—Up to 40% Off Prime Day is the perfect opportunity to try something new and add a fresh fragrance to your collection. Whether you're drawn to the floral notes of Lancôme's La Vie Est Belle Eau de Parfum or prefer something more woodsy and masculine like Ralph Lauren's Ralph's Club, now is the ideal time to stock up on a new signature scent, grab travel-sized sprays for TSA, or pick up gifts for friends and family.
