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The president dismisses the allegation as politically motivated. The Senate Intelligence Committee is scheduled to receive a briefing on the matter Wednesday.
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The company says demand has declined "fueled by misinformation around the safety of the product and a constant barrage of litigation advertising." Lawsuits allege that the powder causes cancer.
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The Trump administration alleges the Voice of America is relaying Chinese propaganda. Founded at the dawn of World War Two, the government-funded news agency is independent by law.