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Over 2.5 Million Bottles of Prednisolone Eye Drops Recalled Nationwide Over Foreign Substance Concern

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More than 2.5 million bottles of a widely used prescription eye drop medication have been recalled nationwide after the manufacturer identified the potential presence of a foreign substance in the product, according to the U.S. Food and Drug Administration.

The recall affects Prednisolone Acetate Ophthalmic Suspension, USP, 1%, manufactured by Lupin Limited at a facility in Pithampur, India, and distributed in the United States by Lupin Pharmaceuticals Inc. According to the FDA’s enforcement report, the recall covers a total of 2,530,182 bottles across three package sizes: 5-milliliter bottles with NDC 70748-332-02, 10-milliliter bottles with NDC 70748-332-03, and 15-milliliter bottles with NDC 70748-332-04. The recall, designated D-0655-2026, spans dozens of individual lot numbers with expiration dates ranging from July 2026 through March 2028.

Prednisolone acetate is a corticosteroid eye drop commonly prescribed to manage inflammation, redness, itching and swelling associated with eye infections and other inflammatory conditions. According to a description of the medication from the Mayo Clinic, prednisolone is a steroid medicine used to relieve symptoms caused by eye infections and related conditions, and it is available only with a doctor’s prescription.

Lupin Pharmaceuticals initiated the voluntary recall on June 4, 2026, though the FDA did not formally classify the action as a Class II recall until June 30. Under the FDA’s classification system, a Class II recall indicates that use of or exposure to the affected product may cause temporary or medically reversible adverse health consequences, a designation less severe than a Class I recall, which involves products that could cause serious harm or death, but more serious than a Class III recall, which applies to products unlikely to cause any adverse health consequences.

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The recall notice does not specify additional details about the nature of the foreign substance identified in the affected bottles, and the FDA’s enforcement report had not published further specifics as of the most recent update. Lupin Limited received FDA approval for its prednisolone acetate ophthalmic suspension in August 2024, and the company maintains a broad portfolio of generic pharmaceutical products, including several other ophthalmic medications. According to Optometry Advisor, the company’s other recent ophthalmic-related FDA approvals include a ranibizumab biosimilar marketed as Ranluspec, a generic version of the allergy eye drop Pataday, and a generic version of the glaucoma medication Alphagan P.

Patients currently using prednisolone acetate ophthalmic suspension are advised to check the specific National Drug Code, lot number and expiration date printed on their prescription bottle against the information listed in the FDA’s enforcement report to determine whether their medication is affected. Individuals who discover they have an affected bottle are encouraged to contact their prescribing ophthalmologist, optometrist, pharmacist or other healthcare provider for further guidance on how to proceed, rather than discontinuing use of the medication without professional advice, given that abruptly stopping certain steroid eye treatments can carry its own risks depending on the underlying condition being treated.

This recall comes on the heels of a separate, smaller recall affecting a different prednisolone-based eye medication. In late May, AbbVie Inc. issued a voluntary recall of its Pred Mild eye drops, a product manufactured in France, due to what the company described as failed stability specifications that could affect the drug’s effectiveness and shelf life over time. That recall, classified by the FDA as a Class III action given its lower health risk profile, affected a considerably smaller batch of 2,736 bottles across two lot numbers, both with an expiration date of August 2026.

The Lupin recall adds to a broader pattern of pharmaceutical recalls the FDA has processed in recent weeks across a range of prescription medications. According to MedShadow Foundation, other recent recalls have included the heart medication Corlanor, the parathyroid disorder treatment Sensipar, the antipsychotic medication aripiprazole, the antidepressant duloxetine, the attention-deficit medication Focalin XR, the anti-seizure drug lacosamide, and nicotine transdermal patches, among others. Most of those recalls, like the prednisolone acetate action, were classified as Class II recalls, with the notable exceptions of the nicotine patch and Pred Mild recalls, both of which received the less severe Class III classification.

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Nexstar’s WPIX, which first reported on the recall, said it reached out to Lupin Pharmaceuticals Inc. for comment but did not receive an immediate response. As of this report, the company has not issued additional public statements detailing the specific nature of the foreign substance found in the affected bottles beyond what has been disclosed in the formal FDA recall notice.

Consumers concerned about whether their specific prescription is affected by the recall can check their bottle’s National Drug Code and lot number against the FDA’s publicly available enforcement report database. The agency maintains detailed listings of all active drug recalls, including the specific lot numbers, expiration dates and distribution details associated with each action, allowing patients and pharmacists to verify whether a particular bottle falls within the scope of the recall.

Given the significant scale of the recall, spanning more than 2.5 million individual bottles distributed across the country, healthcare providers have generally recommended that patients using prednisolone acetate ophthalmic suspension take a proactive approach to checking their medication rather than waiting for direct notification, since recall communications do not always reach every individual patient promptly through standard pharmacy channels. Patients who are unsure whether their eye drops are affected, or who do not have easy access to the packaging information needed to verify the lot number, are encouraged to contact the pharmacy where the prescription was filled for assistance confirming whether their specific product falls within the recall’s scope.

As the recall continues to be processed through the pharmaceutical supply chain, the FDA is expected to continue monitoring the situation and may release additional details about the underlying cause of the contamination as more information becomes available from Lupin Pharmaceuticals and its manufacturing facility in India.

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Fashion chain New Look names new chief executive

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Lynda Petherick joined the Weymouth-headquartered retailer in 2024

A New Look store

A New Look store(Image: GNP)

Fashion chain New Look has appointed a new boss as it revealed its earnings were buoyed by having fewer discounts and tighter control over costs, while its loyalty programme topped a million members.

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The high street retailer, which is headquartered in Weymouth and has 309 shops in the UK, has named Lynda Petherick as its new chief executive officer.

She will take over from Helen Connolly who leaves in late September to head up Asda’s fashion and homeware business George.

Ms Petherick joined New Look as its chief information officer in 2024, before being promoted to chief operating officer in 2025, leading work to accelerate its use of data and technology and transform digital channels.

Online shopping now makes up about 40 per cent of total revenues, and New Look is the UK’s third-largest online women’s fashion retailer, according to the company.

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The business’s earnings before interest, tax, depreciation and amortisation (Ebitda) more than doubled to £36.6m in the year to the end of March, from £14.3m the year before.

Digital sales increased by 1.6 per cent year-on-year.

New Look said this was helped by more disciplined cost management against rising costs, reduced discounting and improved stock quality, resulting in a higher proportion of products sold at full price.

It comes after New Look shut 15 of its shops in the UK last year and announced that it was shutting all 26 shops in the Republic of Ireland in the face of squeezed consumer spending.

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The company has completed a refinancing of its loan facilities to 2029 which it said will provide some flexibility and support selective investment into its digital channels and shops.

Trading has also improved over more recent months with Ebitda coming in at £17.4m between April and June, up £1.8m on the same period a year ago.

The retailer said its customers had been responding well to recent products and new collections such as denim, dresses, knitwear and footwear.

It also revealed that more than a million members were now part of its loyalty programme, Club New Look, which offers weekly discounts and early access to sales.

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Members shop around seven times more frequently and spend about 9.5 times more annually on average than non-members, according to the firm.

New Look’s chairman Mike Coupe said the retailer was “in a stronger position than it has been for many years”.

He added: “The board is delighted to appoint Lynda as chief executive.

“She combines strong commercial judgment and operational discipline with a deep understanding of our customers, our brand and the role that data and technology will play in our future.”

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Ms Petherick said New Look was a “fantastic brand” with “millions of loyal customers”.

“Over the past two years, we have made significant progress in strengthening the business and becoming a faster, more data-led and customer-focused organisation,” she said.

“I am excited about what New Look can achieve and look forward to working with our brilliant teams to build on the strong progress already made and deliver the next phase of sustainable, profitable growth.”

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Hershey planning ‘action-packed’ second half of 2026

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Hershey planning ‘action-packed’ second half of 2026

Investment in new products and seasonal promotions expected to boost sales.

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Ingersoll Rand Q2: Profitability Took A Hit, But There Are Ways It Can Come Back

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Ingersoll Rand Q2: Profitability Took A Hit, But There Are Ways It Can Come Back

Ingersoll Rand Q2: Profitability Took A Hit, But There Are Ways It Can Come Back

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The furious dispute over what caused Air India flight 171 to crash

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BBC InDepth

In theory, the inquiry should be impartial and informative – a learning process focused solely on improving passenger safety. But in the case of AI171, the information revealed by the investigation so far has triggered a major backlash from safety campaigners, pilots’ groups and lawyers acting for the bereaved relatives.

A key factor in this has been the preliminary report issued by the AAIB a month after the accident. The 15-page document did not draw any conclusions about the causes of the crash, or make any recommendations.

Nonetheless, just two short paragraphs generated a great deal of controversy.

First, it was noted that according to the aircraft’s flight data recorder, the two fuel cutoff switches – normally used when starting the engines before a flight and shutting them down afterwards – transitioned from the run to the cutoff position seconds after take-off. This would have deprived the engines of fuel, causing them to lose thrust rapidly.

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The report then says: “In the cockpit voice recording, one of the pilots is heard asking the other why did he cutoff. The other pilot responded that he did not do so.”

This brief statement, provided without a transcript or any indication of who was speaking, sparked intense speculation about the actions of the pilots. Newsweek, for example, focused on the “troubling possibility: that a seasoned captain may have deliberately doomed his jet – and nearly 250 lives”. Former NTSB chairman Robert Sumwalt told CBS News the report showed “this was not a problem with the airplane or the engines. Instead…somebody in the cockpit shut the fuel off to those engines.”

A few days later, The Wall Street Journal weighed in. Citing people familiar with the matter, it claimed that recordings of dialogue between the pilots suggested it was the Captain, Sumeet Sabharwal, who had flipped the fuel switches.

It is important to note that this was merely a preliminary report, and within days, the AAIB issued a statement condemning “selective and unverified reporting” in the international press as “irresponsible”. It urged the public and the media to “refrain from spreading premature narratives that risk undermining the integrity of the investigative process.”

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By then, arguably, the damage had already been done.

“When a pilot is alive he can defend himself” says Capt. CS Randhawa, president of the Federation of Indian Pilots (FIP). “When the pilot is dead, all the agencies can collude – and they put the blame on the pilot, to save the manufacturer. And this is seen the world over. It’s not the first time”.

His organisation, which represents around 6,000 pilots, condemned the preliminary report as “irrevocably compromised”. Together with Sumeet Sabharwal’s 91-year-old father, Pushkar Raj Sabharwal, they took their concerns to India’s Supreme Court, demanding a judicial investigation into the crash.

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Ooredoo H1 2026 slides: margin expansion, strategic gains offset Q2 miss

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Ooredoo H1 2026 slides: margin expansion, strategic gains offset Q2 miss


Ooredoo H1 2026 slides: margin expansion, strategic gains offset Q2 miss

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Hammer receives binding offer from Austral

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Hammer receives binding offer from Austral

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ZoomInfo: Cheap On Earnings, Expensive On Enterprise Value

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ZoomInfo: Cheap On Earnings, Expensive On Enterprise Value

ZoomInfo: Cheap On Earnings, Expensive On Enterprise Value

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Jio Financial Services shares rise 2% after firm sets record date for dividend. What to expect?

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Jio Financial Services shares rise 2% after firm sets record date for dividend. What to expect?
Shares of Jio Financial Services rose over 2% on Monday after the company fixed August 10 as the record date for its final dividend of Rs 0.60 per share for the financial year, which ended on March 31, 2026.

Jio Financial Services shares rose to Rs 262.65 apiece on Monday, extending a more than 10% jump in a week. The company paid a dividend of Rs 0.5 per share to its shareholders last year. After announcing the latest dividend in April this year, the stock currently has a dividend yield of 0.19%, according to data on Trendlyne.

Fixing the record date as August 10 means that only shareholders who own the company’s shares in their demat accounts as of August 10 (next Monday) will be eligible to receive the dividend, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Earlier this month, Jio Financial Services reported 155% year-on-year (YoY) jump in its consolidated net profit at Rs 830 crore in the first quarter of FY27, while revenue from operations increased 227% YoY to Rs 2,004 crore during the quarter under review.

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Consolidated total income rose 141% YoY to Rs 1,496 crore from Rs 619 crore. It was up 47% from Rs 1,020 crore in the March quarter. Interest income grew 165% YoY to Rs 962 crore, while fees and commission income surged to Rs 325 crore from Rs 54 crore.


Also read | Jio Financial Services sets record date for dividend. Check details

Jio Financial Services share price

Jio Financial Services shares had jumped nearly 4% to close at Rs 256 apiece on Friday. The stock gained more than 10.5% in a week and over 9% in a month. However, it is down nearly 12% in 2026 so far.
In the longer term, the shares of the company have fallen around 21% in a year. The company currently has a market capitalisation of more than Rs 1.73 lakh crore.Motilal Oswal has a Buy rating on Jio Financial Services with a target price of Rs 315 apiece. The brokerage said the company delivered a healthy quarter, driven by strong growth in Jio Credit, whose assets under management (AUM) crossed Rs 300 billion.

It also highlighted steady progress across the payments, insurance, and asset management businesses, although operating expenses remained elevated due to continued investments in incubating new businesses and expanding existing operations. Motilal Oswal cut its FY27 and FY28 EPS estimates by 4% and 6%, respectively, to account for higher operating costs, but expects consolidated PAT to grow at a 46% CAGR between FY26 and FY28.

Also read | For investors with some patience: 6 mid-cap stocks from different sectors with upside potential of up to 20%

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Morningstar: Undervalued With A Differentiated Business Model (NASDAQ:MORN)

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Morningstar: Undervalued With A Differentiated Business Model (NASDAQ:MORN)

This article was written by

I am a self-taught individual investor and I have been investing in stocks for over 25 years. I focus on dividend growth investing with a long-term horizon since I believe in the compounding power of dividend growth investing. I generally look for undervalued stocks with sustainable dividend growth and capital appreciation potential. I try to provide a little more in depth analysis weighing the positives and negatives. I am now in the Top 2.0% out of 28,000+ financial bloggers (February 2024) as tracked by Tip Ranks for my SA articles.Blog: www.dividendpower.orgWork/ associated with the existing authors James Marino and Ferdis.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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10 Things to Know About Warren Buffett’s Famous S&P 500 Advice Amid Today’s Rising Concentration Risk

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Warren Buffett's Berkshire Hathaway first bought into BYD in 2008

Warren Buffett’s decades-old advice to put money into low-cost S&P 500 index funds remains one of the most widely followed pieces of investment guidance in the world. But as the index has grown increasingly dominated by a small handful of technology giants, analysts say the strategy today carries different risks than when Buffett first popularized it. Here are 10 things to know about the guidance and how it applies to today’s market.

1. The advice traces back to Buffett’s 2013 shareholder letter. In that letter, Buffett instructed the trustee overseeing a bequest to his wife to allocate 90% of the funds to a low-cost S&P 500 index fund, with the remaining 10% directed toward short-term U.S. government bonds. He recommended Vanguard specifically, though he did not name a particular fund or ticker.

2. VOO is widely seen as the closest match to Buffett’s description. Vanguard’s S&P 500 ETF, trading under the ticker VOO, carries an annual expense ratio of just 0.03%, among the lowest available for a fund tracking the index, and aligns closely with the kind of low-fee vehicle Buffett described in his original guidance.

3. Technology now dominates the index far more than it once did. According to recent index weighting data, technology stocks make up roughly 37% of the S&P 500. Just three companies, Apple, Nvidia and Microsoft, together account for roughly 20% of the entire index’s value, meaning a large share of any S&P 500 index fund’s performance now hinges on the fortunes of a small handful of mega-cap technology firms.

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4. That concentration has grown dramatically since Buffett first gave the advice. Ten years ago, the S&P 500’s 10 largest stocks represented just 15.3% of the index’s total market capitalization. Five years after Buffett’s 2013 letter, that figure had risen to 27.2%. Today, according to MacroMicro data, the top 10 stocks account for roughly 37.5% of the index, down slightly from an all-time high near 43% reached earlier this year, but still among the highest concentration levels in the index’s history.

5. Artificial intelligence spending is now a major driver of index-wide earnings. Goldman Sachs has forecast that companies tied to artificial intelligence could contribute roughly half of the S&P 500’s overall earnings growth in 2026. That dependence means a slowdown in AI-related capital spending or disappointing earnings from a handful of mega-cap technology companies could weigh disproportionately on the entire index, a risk that did not exist to the same degree when Buffett first offered his recommendation.

6. Long-term return expectations for U.S. stocks have moderated. Vanguard’s broad U.S. equity return model now projects 10-year annualized returns of between 4.2% and 6.2%, down from an earlier forecast range of 4.9% to 6.9%, reflecting the impact of higher current valuations on expected future returns. By comparison, the iShares Core S&P 500 ETF, trading under the ticker IVV, posted an annualized gain of 15.47% over the 10 years ending in June, a pace analysts generally view as unlikely to be sustained indefinitely.

7. Current valuations remain a point of debate among analysts. According to FactSet data, the S&P 500 currently trades at a price-to-earnings ratio of 19.6, a level some analysts view as elevated relative to historical averages, though others argue current earnings growth, particularly among AI-linked companies, helps justify the higher multiple.

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8. Money continues flowing into S&P 500 index funds at record levels. Vanguard’s VOO recently became the first exchange-traded fund in history to surpass $1 trillion in assets under management. According to data cited by Reuters, the fund has attracted roughly $69 billion in net inflows so far in 2026, following $118 billion in 2024 and $138 billion in 2025, with no other ETF attracting more investor money this year.

9. Experts generally still endorse the strategy despite the added concentration risk. Analysts writing for outlets including the Motley Fool and 24/7 Wall St. have said Buffett’s underlying advice remains sound in principle, since S&P 500 index funds continue to offer low costs and broad exposure to the U.S. economy. But those same analysts caution that investors should understand the fund no longer provides the same level of diversification it once did, given how heavily its performance now depends on a small group of dominant technology companies.

10. Buffett himself has continued monitoring risk within specific holdings tied to his broader philosophy. In more recent commentary, Buffett has reportedly cautioned about the risks tied to specific high-profile stocks, including SpaceX, following sharp declines in that company’s share price after its public listing, reflecting his continued attention to volatility and valuation risk even within widely held names.

Analysts broadly agree that Buffett’s core message, favoring low fees, broad diversification and long-term patience over active trading, remains valid advice for the average investor. But they emphasize that today’s S&P 500 looks meaningfully different from the one Buffett first pointed to in 2013, and that investors relying on the index for diversification should understand just how concentrated their exposure to a handful of technology giants has become, particularly if they are also invested in other tech-heavy benchmarks such as the Nasdaq Composite.

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