Why is ICICI Prudential AMC Ltd (542389) falling - Free Investment Community

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Why is ICICI Prudential AMC Ltd (542389) falling ✌️【Earnings Growth】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate changes to help you select stocks accurately and increase investment returns. For the first time in history, the US Food and Drug Administration has established guidance for levels of lead in processed baby foods that are sold on supermarket shelves and online. The agency’s action, announced Monday, only provides guidance to industry and is not enforceable.

Under the new guidelines, baby food manufacturers should have no more than 10 parts per billion of lead in baby yogurts, custards, puddings, single-ingredient meats, processed fruits and vegetables, and mixtures of fruits, vegetables, grains and meat.

“This includes foods in jars, pouches, tubs or boxes and may include ready-to-eat foods such as purees, as well as semi-prepared foods such as dry infant cereals,” the FDA said in a statement.

However, root vegetables such as carrots and sweet potatoes — which typically contain the highest levels of lead from the soil — and dry infant cereals should contain no more than 20 parts per billion of lead, the FDA announced.

“The guidance does not cover infant formula, beverages, or snack foods like puffs and teething biscuits,” the federal agency said.

Why is ICICI Prudential AMC Ltd (542389) falling ✌️【Earnings Growth】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. No level of lead is safe for infants and toddlers, according to theUS Centers for Disease and Prevention, theWorld Health Organizationand theAmerican Academy of Pediatrics.

Parent should not throw away existing baby foods they have purchased or stop feeding young children a variety of foods, the FDA said.

“Eating a variety of healthy foods can make it less likely for an individual to be exposed to the same contaminant from the same food many times and helps to provide the range of nutrients needed for health and, for children, healthy development. Having adequate nutrients stored in the body also can help to prevent lead from having harmful effects,” the agency said.

“To get adequate food variety, the FDA recommends that parents and caregivers feed their children many different foods from the five food groups — vegetables, fruits, grains, dairy, and protein foods — and alternate how often they provide the same food.”

Gerber, which is owned by Nestlé SA and controls much of the US baby food market, told 【 - Free Investment Community 】 that it has always worked closely with FDA regulators to reduce the levels of heavy metals in infants and young children.

“All of our baby foods meet FDA limits for heavy metals, and we expect that will hold true for the new guidance,” Dana Stambaugh, director of external communications for Nestlé US, said in an email. “Ultimately, our promise is to provide nutritious and safe food for babies.”

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“Nearly all baby foods on the market already comply with these limits, making the new standards largely ineffective,” said Jane Houlihan, the national director of science and health for Healthy Babies Bright Futures, a coalition of advocates committed to reducing babies’ exposures to neurotoxic chemicals.

Healthy Babies Bright Futurespublished a report in 2019that found toxic metals in 95% of baby foods randomly pulled off supermarket shelves. The report sparked acongressional investigationthat discovered some baby food ingredients contain hundreds of parts per billion of dangerous metals, according to internal documents provided by major baby food manufacturers.

Why is ICICI Prudential AMC Ltd (542389) falling ✌️【Earnings Growth】✌️ Real-time global stock market trend analysis to help you identify profitable opportunities and improve your investment strategies. The baby food aisle accounts for only a fraction of children and toddler’s exposure to food sources of lead, Houlihan said, pointing to an analysis that Healthy Babies Bright Futures provided the FDA during public comments.

“Lead in infant formula, homemade baby food ingredients and foods bought outside the baby food aisle account for about three-fourths of children’s food exposures to lead,” Houlihan said in an email. “As it stands, the new lead limits for commercial baby foods would reduce children’s total dietary lead exposure by less than 4% — a negligible improvement.”

Why is ICICI Prudential AMC Ltd (542389) falling ✌️【Earnings Growth】✌️ Expert predictions on stock market movements with real-time data, ensuring you can make quick decisions and capture market opportunities. While applauding the FDA for acting on lead, it’s too little, too late, said Scott Faber, senior vice president of government affairs for the Environmental Working Group, a nonprofit consumer advocacy organization.

“For years, the FDA’s own data has shown dangerous levels of lead in baby food, yet the agency has dragged its feet while children’s developing brains were exposed to this neurotoxin,” Faber said in an email.

“The harm is permanent, and the delay has put countless kids at unnecessary risk,” he added. “The FDA owes parents answers and must enforce these limits immediately to finally protect our most vulnerable population.”

Why is ICICI Prudential AMC Ltd (542389) falling ✌️【Earnings Growth】✌️ Free access to real-time stock indices, futures data, and market predictions to help you select high-return stocks and build a profitable portfolio. As part of thevolcanic processthat created much of the continents, lead and other heavy metals occur naturally in Earth’s crust. However, manufacturing plants, mining facilities and smelting processes also add heavy metals to the environment as frequentby-products.

Chips from lead-based paint, which wasfederally banned in 1978, and automobile exhaust fumes from leaded gasoline, which wasn’tbanned until 1996, have alsopolluted soil and waterin the US.

It’s not just children who are at risk: There is no level of lead that’s safe for humans of any age, according to theUS Environmental Protection Agency. Lead bioaccumulates in the body over time and is a “toxic metal” that can be harmful even at low exposure levels, the agency said.

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However, experts say children are especially hard-hit due to their small size and rapidly developing brains.

“A dose of lead that would have little effect on an adult can have a significant effect on a child. In children, low levels of exposure have been linked to damage to the central and peripheral nervous system, learning disabilities, shorter stature, impaired hearing, and impaired formation and function of blood cells,” the EPAstates on its website.

Why is ICICI Prudential AMC Ltd (542389) falling ✌️【Earnings Growth】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. The WHO considers lead one of the10 chemicals of concernin the world. AnOctober 2023 studypublished in the journal Lancet found children younger than 5 years lost 765 million IQ points in 2019 due to lead exposure worldwide. In the same year, more than 5.5 million adults died from cardiovascular disease due to lead exposure.

“Exposure to very high levels of lead can severely damage the brain and central nervous system, causing coma, convulsions and even death. Children who survive severe lead poisoning may be left with permanent intellectual disability and behavioural disorders,” the WHO said on its website.

Why is ICICI Prudential AMC Ltd (542389) falling ✌️【Earnings Growth】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. The FDA first proposed thenew lead levels in 2023as part of itsCloser to Zero initiative, which the agency says strives to lower the levels of arsenic, lead, cadmium and mercury in baby foods. In 2021, the agency acted tolower limits of arsenicin infant rice cereals, a major route of exposure, according to experts.

“The FDA should set protective targets for reducing exposure to heavy metals with a goal of having no measurable levels in children’s food,” Michael Hansen, senior scientist for Consumer Reports, which has studied levels of arsenic and other toxic metals in baby food,said at the time.

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Juice is another major exposure route of heavy metals in children. In 2022, the FDA proposed lowering the limits of lead in juices from 50 parts per billion to 10 parts per billion in apple juice and 20 parts per billion for all other juices. However, that draft guidance has never been finalized.

“The FDA is not living up to its responsibility to protect children’s health,” Houlihan said. “As a result, infants and young children will continue to bear the burden of the FDA’s lack of resolve, consuming harmful lead with every meal.”

Why is ICICI Prudential AMC Ltd (542389) falling ✌️【Earnings Growth】✌️ Professional advisors provide accurate market predictions with real-time stock indices, exchange rates, and futures data to help you seize investment opportunities and grow your capital. The FDA has also not taken any action on levels of other heavy metals, such as cadmium, although that may change, Houlihan said. InSeptember, the agency released an analysis that found “more than half of all children ages 1 to 6 exceed a safe daily dose for cadmium in food,” she said.

Why is ICICI Prudential AMC Ltd (542389) falling ✌️【Earnings Growth】✌️ Precise stock selection service to help you avoid losses and quickly recover and grow. Provides real-time global market, metals, energy, and agricultural product data to assist you in making informed decisions. According to that report, the main sources of exposure for children are grains, baked goods, fruits and vegetables. Processed baby foods contribute a tiny amount (0.5%) for that age group, Houlihan added.

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