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Recent Editions
Risk Channel
North America
The city of San Francisco has filed a lawsuit against 10 major food manufacturers, including Coca-Cola, PepsiCo, Kraft Heinz, and Nestlé, claiming that ultraprocessed foods are contributing to a public health crisis. City Attorney David Chiu said: "They took food and made it unrecognizable and harmful to the human body," as he highlighted the link between these foods and serious health issues including Type 2 diabetes and cancer. The lawsuit seeks to hold the companies accountable for deceptive marketing practices, and also calls for consumer education on health risks and financial penalties to assist local governments with healthcare costs related to ultraprocessed food consumption. The lawsuit marks the first time a municipality has sued over claims food companies have knowingly marketed addictive and harmful ultra-processed foods. A report from the U.S. Centers for Disease Control and Prevention indicates that most Americans derive over half their calories from such foods.
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Risk Channel
UK/Europe
The UK's Financial Conduct Authority (FCA) has launched its first AI live testing scheme, allowing major financial firms to trial AI in a controlled environment. Participants include NatWest, Monzo, and Santander. The initiative aims to ensure safe and responsible AI deployment in UK financial markets. Jessica Rusu, FCA's chief data officer, said the testing environment will help avoid pitfalls seen in other jurisdictions. The FCA is shifting towards a more collaborative regulatory approach, with applications for the second cohort opening in January. The goal is to innovate while maintaining consumer protection.
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