- A new U.S. bill will impose higher liability from Amazon.com Inc (NASDAQ:AMZN) and eBay Inc’s (NASDAQ:EBAY) e-commerce platforms for the hazardous counterfeit sale of health risk products like exploding Apple Inc (NASDAQ:AAPL) iPhone chargers or defective personal protective equipment by third-party vendors, Bloomberg reports.
- The platforms will have to validate manufacturer identity and permanently ban serial offenders from gaining liability immunity.
- The current law only mandates the online marketplaces to take down listings of the reported brands.
- Republican Representative Darrell Issa sought the broadening of the bill’s scope beyond health and safety.
- Price action: EBAY shares traded higher by 2.87% at $61.22, and AMZN shares traded lower by 0.09% at $3,227.55 on the last check Friday.
Inter Parfums Q2 Sales $207.60M Up From $49.51M YoY
Inter Parfums (NASDAQ:IPAR) reported $207.60 million in sales this quarter. This is a 319.34 percent increase over sales of $49.51 million the same period last year.
