- 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.
LSI Industries Q4 Earnings Exceed Street Expectations
LSI Industries, Inc. (NASDAQ:LYTS) reported fourth-quarter sales growth of 32% year-over-year to $127.47 million, beating the consensus of $109 million.…
