Proper now, China is consumed by an unprecedented surge of covid infections. The nation’s healthcare system is stretched skinny, covid remedies are in excessive demand, and many individuals are apprehensive about themselves and their family members.
It’s in opposition to this backdrop that scammers are discovering new alternatives. They’re profiting from this wave of tension and concern in China by claiming on social media to promote covid remedies—significantly Paxlovid, the Pfizer-developed remedy that has been the simplest in stopping extreme covid signs.
Demand for the drug has soared since authorities relaxed the nation’s harsh zero-covid insurance policies, and scammers are reaping the advantages. Learn the total story.
—Zeyi Yang
Zeyi’s story is from China Report, his weekly publication shining a lightweight on all the things that’s occurring in China. Enroll to obtain it in your inbox each Tuesday.
The must-reads
I’ve combed the web to seek out you immediately’s most enjoyable/vital/scary/fascinating tales about know-how.
1 It might take a decade to scrub up FTX’s mess
The US chapter courts have by no means handled a catastrophe on this scale earlier than. (Economist $)
+ Weirdly, Sam Bankman-Fried invested within the fund that backed his personal agency. (FT $)
+ The founder is dealing with eight legal counts. (CoinTelegraph)
+ What’s subsequent for crypto. (MIT Expertise Evaluation)
2 Germany needs to carry Huge Tech to account
It’s on the coronary heart of Europe’s makes an attempt to clamp down on anti-competitive habits. (FT $)
+ The European Fee needs to dig into telecoms suppliers, too. (Reuters)
+ The EU needs to control your favourite AI instruments. (MIT Expertise Evaluation)
3 Tesla’s “full self-driving” software program isn’t residing as much as its guarantees
Footage of a harmful pile-up in San Francisco demonstrates simply how flawed it’s. (The Intercept)
4 What’s going to it take to make the US a chipmaking powerhouse?
Extraordinarily expert staff and prohibitively costly equipment are simply among the obstacles. (Slate $)
+ A chip collaboration might be on the playing cards for the US, Canada and Mexico. (The Register)
