Global Scans · Beauty & fashion · Weekly Summary

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WHAT'S NEXT?: Wearables, 3D printing, sensors and other technological advancements are likely to change the world of perceived beauty and fashion towards more integrative, online services. Find out how body scanners and conductive clothing will help us live better, more healthy lives and the downside risks emanating from those who would seek to interfere with them.

• [New] On Thursday, the US House of Representatives passed the 'big beautiful' bill that could increase national debt by $3.3 million, makes tax cuts for Trump's first presidency permanent, and cut Medicaid. FinExtra
• [New] National Debt The Congressional Budget Office projects that Trump's proposed One Big Beautiful Bill Act, which extends 2017 tax cuts and increases borrowing, will add $3.3 trillion to the U.S. national debt by 2034. FrankNez
• [New] Q2 saw increasing volatility for US bonds due to growing concerns around US fiscal policy and debt sustainability as bond markets focused on the implications of the big, beautiful tax bill, which could add between $3 and $5 trillion to US Federal debt over the next 10 years. EXANTE Next Generation Investment Company
• [New] Even more rural hospitals might be in trouble if Congress passes the huge piece of legislation before it, called the One Big Beautiful Bill Act, which includes significant cuts that would slash Medicaid spending in rural areas by $119 billion over 10 years. Time
• [New] Further price increases above $3,500 per ounce could lead to reduced demand in the jewelry sector, particularly in price-sensitive markets such as India and China. Discovery Alert
• [New] The circular economy offers substantial economic potential; estimates suggest that global economic gains could reach $192 billion by 2030 if circular practices are widely adopted in the fashion industry. Nature
• [New] President Donald Trump's big beautiful bill would make sweeping changes to U.S. health care, leaving millions of vulnerable Americans without health insurance and threatening the hospitals and centers that provide care to them. NBC San Diego
• [New] Europe is expected to grow at the fastest rate in the coming years, driven by its long-standing tradition of skincare excellence and the recent surge in biotechnology adoption. Precedence Research
• [New] Key Medicaid provisions in the One Big Beautiful Bill Act would result in a $50.4 billion reduction in federal Medicaid spending on rural hospitals over 10 years and 1.8 million individuals in rural communities losing their Medicaid coverage by 2034. American Hospital Association | AHA News
• [New] While early share volatility is expected, medium - to long-term investors may find strong value in its potential to capitalize on India's branded fashion growth. News4You
• [New] Tariffs could put a damper on fast fashion consumption in the United States, fashion giant Shein leased a warehouse for operations in Vietnam, perhaps mitigating risks associated with fluctuating U.S.-China trade tensions. Yahoo
• [New] Neem's potential in creating biodegradable pesticides, antiviral agents, and eco-friendly personal care products is being actively developed by industries worldwide. Blogger
• In recent years, certain excavations within the Tohoku region have led researchers to hypothesize that tattooing in Japan could predate earlier assumptions by centuries. JapanChangeMoney.com
• In the short term, the FTA is expected to drive a sharp rise in trade volumes: more Indian garments, home textiles, and technical fabrics in UK stores, and increased visibility of British fashion and specialty textiles in India. Fibre2Fashion
• Instead of looking to improve the fiscal outlook, the US Congress is currently considering passing the One Big Beautiful Bill, which is expected to increase US budget deficits by USD 3 trillion over the next 10 years. Vision Super
• As more women seek to align their fashion choices with their values, the growth of sustainable brands will only continue to accelerate, making it easier than ever to make fashion choices that are good for the planet. Women's Insider
• A mix of burgeoning economies and consumer cultures, as well as government-led environmental policies, presents China's fashion industry with unique challenges and opportunities. ABITA LLC&MARKETING JAPAN
• Second-hand fashion has emerged as a powerful driver of both environmental impact reduction and inclusive, affordable access to sustainable fashion, while simultaneously creating economic opportunity across global supply chains. Sustainzone Blog
• Proposed rollbacks of clean energy incentives in the United States, as part of the One Big Beautiful Bill, threaten to undermine investment and deployment momentum. NenPower
• A bill passed by House Republicans before Memorial Day would cut Medicaid by $804bn and Obamacare, formally known as the Affordable Care Act, by $301bn - changes in Republicans' big, beautiful bill that are expected to result in 16 million newly uninsured Americans by 2034. The Guardian
• Sustainable Fashion and Marketing Opportunities in Ghana Sustainable fashion in Ghana has evolved from a marginal interest into a vibrant, mainstream movement that is reshaping design philosophies, production practices, and consumer behaviour. GhanaWeb
• An AI-related provision in the Big Beautiful Bill could restrict state-level legislation of energy-hungry data centers - and is raising bipartisan objections across the US. Wired
• The uncertain prospects for the U.S. economy and the risks to financial stability posed by large U.S. fiscal deficits and debt, such as permitted by the big, beautiful bill in Congress, are at least just as worrisome. Bennett Jones LLP

Last updated: 07 July 2025