Johnson & Johnson recently announced plans to pay $6.5 billion over 25 years to settle the majority of the lawsuits in the U.S. alleging that its talc-based products caused ovarian cancer. This move comes after years of financial and public relations challenges for the company, which has long maintained that its talc products are safe
Business
The grocery industry is undergoing a significant transformation as retailers adapt to changing consumer preferences and economic conditions. One of the key trends in this evolution is the growing popularity of private label brands, which offer consumers a unique blend of quality and affordability. Walmart, the country’s largest grocer, is at the forefront of this
In a recent development, a federal judge in New Jersey has issued a ruling rejecting the legal challenges made by Johnson & Johnson and Bristol Myers Squibb against the Biden administration’s Medicare drug price negotiations. This decision marks a significant win for the Biden administration in its efforts to make medications more affordable for seniors.
Peacock, the streaming service owned by Comcast, has announced an upcoming price increase for its subscription plans. The ad-supported option will see a $2 rise to $7.99 a month, while the ad-free offering will also increase by the same amount to $13.99 per month. Additionally, the annual prices for these plans will be $79.99 and
In a move reminiscent of a high-stakes drama on “Succession,” Paramount Global is gearing up to oust CEO Bob Bakish in a strategic maneuver set to reshape the company’s future. This pivotal decision is set to take place on Monday, just before the company announces its earnings post-market close. The objective behind this dramatic move
The Food and Drug Administration recently approved Pfizer’s treatment for a rare genetic bleeding disorder, marking a significant milestone for the company. This groundbreaking gene therapy, known as Beqvez, is the first of its kind to receive clearance in the United States. The approval opens up new possibilities for adults with moderate to severe hemophilia
Honda Motor, along with a group of joint venture partners, has recently announced plans to invest a staggering $11 billion in Ontario, Canada. This investment is aimed at creating a “comprehensive EV value chain” in the region. The new North American electric vehicle epicenter will feature new assembly and battery plants, as well as other
Walgreens recently announced a significant expansion of its specialty pharmacy services by launching a new business unit dedicated to bringing cell and gene therapies directly to U.S. patients. This move comes as chronic diseases continue to rise, necessitating specialized medications that require careful handling and distribution. Impact of Specialty Pharmacies Specialty pharmacies have become a
Boeing’s upcoming quarterly report is anticipated to highlight the repercussions of the recent incident involving the midair loss of a door plug from a 737 Max 9 plane in January. This unfortunate event not only triggered a new safety crisis for the aviation giant but also led to unforeseen financial implications. Analysts are predicting that
PepsiCo recently released its quarterly earnings and revenue, surpassing analysts’ expectations despite facing challenges such as weaker U.S. demand due to recalls and backlash over increased prices. The company reported earnings per share of $1.61, higher than the expected $1.52, and revenue of $18.25 billion, exceeding the anticipated $18.07 billion. Impact of Quaker Oats Recalls