Johnson & Johnson recently announced a $6.5 billion settlement plan to resolve thousands of lawsuits in the U.S. alleging that their talc-based products caused ovarian cancer. This move comes after years of financial and public relations issues for the company, which has consistently maintained that their products are safe for consumers. The majority of the
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Recently, a federal judge in New Jersey made a significant ruling regarding Johnson & Johnson’s and Bristol Myers Squibb’s legal challenges to the Biden administration’s Medicare drug-price negotiations. The decision is a blow to the pharmaceutical industry’s attempts to challenge the constitutionality of the program, which is a key policy under President Joe Biden’s Inflation
Paramount Global is on the verge of a significant leadership shake-up as Chief Executive Officer Bob Bakish faces potential removal from his position. The decision to replace Bakish comes at a crucial moment as the company navigates through a merger agreement with Skydance Media. The impending departure of Bakish is seen as a strategic move
In a recent development, the Food and Drug Administration has given the green light to Pfizer’s groundbreaking treatment for hemophilia B, a rare genetic bleeding disorder. This approval marks a significant milestone for the company, as it is their first gene therapy to gain clearance in the United States. Overview of Beqvez The newly approved
Walgreens is taking a bold step forward in the realm of healthcare by directly collaborating with drugmakers to bring cell and gene therapies to patients in the U.S. This move is part of a broader expansion of its specialty pharmacy services, marking a significant development in the ever-evolving landscape of healthcare delivery. Specialty pharmacies play
The approval of Wegovy for heart health in the U.S. opens up the possibility of coverage for more than 3 million people with Medicare, according to a recent analysis by the health policy research organization KFF. This milestone could significantly impact the healthcare landscape for eligible beneficiaries, but challenges remain in terms of out-of-pocket costs
PepsiCo recently released their quarterly earnings report, exceeding analysts’ expectations despite facing challenges such as weaker U.S. demand due to recalls and higher prices. The company reported earnings per share of $1.61, surpassing the expected $1.52, and revenue of $18.25 billion, higher than the predicted $18.07 billion. Net income attributable to the company also increased
Real estate is currently experiencing a stark contrast between the luxury sector and the rest of the market. While overall real estate sales have fallen by 4% nationwide in the first quarter, luxury real estate sales have increased by more than 2%, marking their best year-over-year gains in three years. This divergence can be attributed
The Volkswagen workers in Chattanooga, Tennessee, have achieved a significant milestone by voting to join the United Auto Workers, marking the first successful organizing drive of an automaker outside of Detroit’s Big Three. The union organizing campaign saw an overwhelming victory with 73% of the vote in favor of the UAW, demonstrating strong support from
Lululemon, the popular athletic apparel brand, recently announced its plans to close its distribution center in Sumner, Washington, laying off 128 employees in the process. This decision comes after the company opened a new, larger warehouse facility outside of Los Angeles to support its growth strategy. According to the company spokesperson, the closure of the
