Johnson & Johnson recently announced plans to pay $6.5 billion over the course of 25 years to resolve the majority of lawsuits in the United States alleging that their talc-based products led to ovarian cancer. This move comes after decades of legal and public relations challenges for the company, as J&J maintains that their talc
Business
With the continued rise of inflation impacting consumer spending, Walmart has introduced a new private label grocery brand called BetterGoods. This brand is aimed at offering customers more trendy and chef-driven food options at affordable prices, with most items priced at under $5. As the largest grocer by revenue in the United States, Walmart is
A federal judge in New Jersey recently made a decision that rejected the legal challenges presented by Johnson & Johnson and Bristol Myers Squibb concerning the Biden administration’s Medicare drug price negotiations. This ruling marked a significant victory for the Biden administration in an ongoing legal battle with multiple pharmaceutical companies over the pricing negotiations.
Peacock, Comcast’s streaming service, has announced a $2 increase in its subscription prices this summer. The adjustment comes in preparation for the upcoming Summer Olympics in Paris, which will be aired on NBC’s TV networks and on the Peacock streaming platform. This move aims to capitalize on the high viewership expected during the Olympics and
Paramount Global is on the cusp of a major leadership change that could reshape the company’s future trajectory. Reports indicate that Chief Executive Officer Bob Bakish is set to be replaced by a group of existing division heads amidst ongoing talks about a merger with Skydance Media. The decision to oust Bakish comes at a
The Food and Drug Administration recently gave the green light to Pfizer’s groundbreaking treatment for hemophilia B, marking the company’s first-ever gene therapy to receive approval in the United States. This approval is a significant milestone in the field of genetic treatments and offers a promising solution for individuals suffering from this rare genetic bleeding
Honda Motor, in collaboration with undisclosed joint venture partners, has announced an $11 billion investment in Ontario, Canada. This substantial investment is aimed at establishing a “comprehensive EV value chain” in North America, emphasizing the production of all-electric and fuel cell-powered vehicles. The plan includes the construction of new assembly and battery plants, along with
Walgreens has announced that it will be working directly with drugmakers to provide cell and gene therapies to patients in the United States. This move is part of a broader expansion of their specialty pharmacy services. The company is introducing a new business unit dedicated to the specialty pharmacy segment, which will include their specialty
Boeing, once a titan in the aviation industry, is set to release its quarterly report, revealing the aftermath of a harrowing incident involving a 737 Max 9 plane. Analysts predict that the company will record its seventh consecutive quarterly loss, a stark reminder of the financial woes hounding the manufacturer. The recent door plug mishap
PepsiCo recently reported their quarterly earnings, surpassing analysts’ expectations despite facing challenges in the U.S. market. The company’s revenue of $18.25 billion exceeded the expected $18.07 billion, and earnings per share were $1.61 adjusted compared to the anticipated $1.52. This positive performance demonstrates PepsiCo’s resilience in the face of adversity. One of the major issues