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J&J Slides as Device Margins Droop, Drug Sales Seen Falling

(Bloomberg) -- Johnson & Johnson shares tumbled after the company said profit margins in its medical device and technology unit fell last quarter and drug sales will be lower in the second half of the year than the first.Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionNetflix Pays $5 Billion for ‘Raw’ in Bet on Live EventsAn Isolated Israel Doubles Down on War in Gaza — At All CostsIndia Tops Hong Kong as World’s Fourth-Larg...
United States New York Gerry Smith Mizuho Jared Holz Bloomberg Johnson Joe Wolk
Source: yahoo.com

J&J agrees to resolve 42 U.S. states' talc investigations

The deal includes 42 states and Washington, D.C. The company tentatively agreed to pay about $700 million to settle the states' claims, according to the Wall Street Journal. “Consistent with the plan we outlined last year, the company continues to pursue several paths to achieve a comprehensive and final resolution of the talc litigation," Erik Haas, J&J's worldwide vice president of litigation, said in a statement. The settlement does not extend to private plaintiff...
United States New York Erik Haas Brendan Pierson Alexia Garamfalvi Jonathan Stempel
Source: yahoo.com

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US Stocks Buck Concerns the 'Pivot Party' Is Over: Markets Wrap

(Bloomberg) -- US stocks eked out a gain Tuesday, setting fresh closing highs ahead of an onslaught of company reports that promise insight into the state of the global economy. Most Read from BloombergChina Weighs Stock Market Rescue Package Backed by $278 BillionApple Dials Back Car’s Self-Driving Features and Delays Launch to 2028An Isolated Israel Doubles Down on War in Gaza — At All CostsNetflix Pays $5 Billion for ‘Raw’ in Bet on Live EventsTurkey Approves Swede...
New Hampshire United States New York Red Sea Djibouti General United Kingdom
Source: yahoo.com

Sanders targets pharma CEOs to testify in Senate, but some see 'retaliation' for lawsuit against Biden admin

Sen. Bernie Sanders plans a Jan. 31 vote to subpoena Pharma CEOs for a drug pricing hearing after they declined last year, citing "unacceptable" refusal and questioning high costs compared to other countries.
United States Jennifer Zachary Joe Grogan Inflation Reduction Merck Executive Vice President Jennifer Zachary President Trump
Source: yahoo.com

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