[ad_1]
Right 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 anxious 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—notably Paxlovid, the Pfizer-developed treatment that has been the best 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. Read the complete story.
—Zeyi Yang
Zeyi’s story is from China Report, his weekly publication shining a lightweight on every part that’s happening in China. Sign up to obtain it in your inbox each Tuesday.
The must-reads
I’ve combed the web to seek out you right now’s most enjoyable/vital/scary/fascinating tales about expertise.
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 prison counts. (CoinTelegraph)
+ What’s subsequent for crypto. (MIT Technology Review)
2 Germany desires to carry Big Tech to account
It’s on the coronary heart of Europe’s makes an attempt to clamp down on anti-competitive conduct. (FT $)
+ The European Commission desires to dig into telecoms suppliers, too. (Reuters)
+ The EU desires to manage your favourite AI instruments. (MIT Technology Review)
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 will it take to make the US a chipmaking powerhouse?
Extremely expert staff and prohibitively costly equipment are simply a few of the obstacles. (Slate $)
+ A chip collaboration might be on the playing cards for the US, Canada and Mexico. (The Register)