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Prices soar as Europeans buy up potassium iodide pills over nuclear fears

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The escalating conflict in Europe has led to a surge in demand for potassium iodide pills over fears of a nuclear disaster

There’s been cases of price gouging across the United States and Europe, over fears of radioactive fallout.

After Russia’s recent attack on Europe’s largest nuclear power plant, pharmacies across America and Europe began to notice a surge in demand for potassium iodide.

As Russia continues its assault across Ukraine, and nuclear powers come head to head, for many customers it’s a case of what if.

Potassium iodide pills help protect the thyroid gland.
Potassium iodide pills help protect the thyroid gland.

In such an event, radioactive iodide would enter the atmosphere, which contaminates water, soil, plants and our lungs.

Although potassium iodide isnt harmful, the radioactive variety can harm the thyroid, which produces many of the hormones that regulate the body.

Large manufacturers of potassium iodide tablets have seen their stock rapidly disappear over recent weeks.

And as supplies dry up, prices have soared.

A box that usually sells for $14 is now going for over 100.

Major US retailers sell out of potassium iodide pills

The pills dont offer 100% protection against radioactive iodide and America’s CDC warns they only work for certain age groups.

One of America’s top suppliers is directing visitors to its website that it’s sold out.

But this isn’t new. Historically whenever there’s a real or perceived threat of nuclear fallout, demand for potassium iodide soars. The last time was in 2018, when Donald Trump escalated fears of a conflict with North Korea. 

Customers who have bought the pills are being warned to only take them on the direction of health officials.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Boeing’s bad luck continues following Starliner malfunction

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Long-awaited first crewed test flight of the new Starliner space capsule was called off over a technical issue that launch teams could not resolve in time.

Originally scheduled for liftoff from Florida’s Kennedy Space Center, the mission aimed to demonstrate Starliner’s capabilities and certify it for regular crewed flights to the ISS, as reported by Reuters.

 

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Money

Will Australia’s foreign investment rule create an economic boost?

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Australian Treasurer Dr. Jim Chalmers announced an overall of foreign investment rules ahead of the budget.

Australia is set to announce a significant decline in its projected gross debt, signalling a more optimistic outlook for the country’s fiscal health.

The Airport Economist, Professor Tim Harcourt at UTS joins to discuss.

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Is Russia planning a sabotage across Europe?

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Intelligence agencies across Europe have issued warnings of a potential plot orchestrated by Russia aimed at sabotaging key infrastructure and destabilising nations.

On this episode of Hot Shots – Russia could be planning a sabotage across Europe, Trump is facing jail, a painting valued over ten million is discovered and Beoing look to ignite the commercial space race.

Ticker’s Ahron Young & Veronica Dudu join to discuss.

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