PharmaFraud Dangers, Farmer Woes and More of Today’s Top Money News
Written by
Gary Dudak
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Happy Friday, folks! We’re back with another rundown of some of the top financial stories out there. I finally have a weekend without nonstop plans, so I plan to watch TV nonstop. We’ll see if it actually happens. But enough about my life — here’s the news.
The Big Lead: PharmaFraud — How Online Scams Are Targeting Health Shoppers
Scam online pharmacies are selling counterfeit drugs and pushing fake payment portals designed to harvest card data. Threat Researchers at Norton uncovered one criminal network controlling 5,000+ fraudulent pharmacy domains. Read on to learn how these schemes work, how AI influencers are adding to the PharmaFraud problem, and how to spot online pharmaceutical scams.
Business Spotlight: Farming
Rising costs due to the Iran War and trade war with China have led to hard times for America’s farmers, but many of them are fighting tooth and nail to stay afloat. For example, Rick Telesz raises soybeans, corn and dairy cows in western Pennsylvania, and although he’s expecting a promising soybean crop this fall — he’ll be lucky to just break even. Read the full story here.
That’s Interesting: 77% of Investors Fear a Recession, but Here’s Why Many Are Investing More
Amid inflation concerns and market volatility, more than three-quarters (77%) of non-retired investors are concerned about a U.S. recession over the next 12 months, according to a recent Nationwide survey. Yet instead of pulling back, many are increasing their investments and looking for new opportunities. Find out more here.
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