Johnson & Johnson recently announced a settlement plan to pay $6.5 billion over 25 years to resolve thousands of lawsuits in the U.S. that claim their talc-based products caused ovarian cancer. This move comes after decades of legal and public relations turmoil for the company. They firmly believe that their talc products are safe for
Business
In a surprising turn of events reminiscent of a high-stakes drama series, Paramount Global is gearing up to make a significant change at the top. Chief Executive Officer Bob Bakish is reportedly on his way out, with a group of current division heads poised to take over the reins. This move, set to be announced
The Food and Drug Administration recently gave their seal of approval to Pfizer’s revolutionary treatment for hemophilia B, a rare genetic bleeding disorder that affects thousands of people in the United States. This groundbreaking gene therapy, known as Beqvez, represents Pfizer’s first foray into the gene therapy market in the U.S. The approval of Beqvez
Walgreens has recently announced its plan to work directly with drugmakers in order to provide cell and gene therapies to patients in the United States. This move is part of a broader expansion of its specialty pharmacy services. The company is launching a new business unit dedicated to its specialty pharmacy segment, which will include
An analysis from the health policy research organization KFF has found that more than 3 million people with Medicare could potentially be eligible for coverage of Wegovy now that the weight loss drug has been approved for heart health in the U.S. However, despite this eligibility, certain beneficiaries may still face out-of-pocket costs for this
PepsiCo recently reported their quarterly earnings and revenue, both of which surpassed analysts’ expectations. However, the company still faced challenges in the U.S. market due to weaker demand. This was primarily caused by Quaker Oats recalls and the backlash to the higher prices of their drinks and snacks. Despite beating revenue expectations, PepsiCo experienced a
The real estate market has seen a significant divide between the luxury sector and the rest of the market. While overall real estate sales fell by 4% nationwide in the first quarter, luxury real estate sales increased by more than 2%. This surge in luxury real estate sales marks the best year-over-year gains in three
Lululemon has recently announced its decision to close its distribution center in Sumner, Washington, resulting in the layoff of 128 employees. This move comes after the company opened a new, larger warehouse outside of Los Angeles. The closure is part of Lululemon’s efforts to optimize its distribution network in line with its growth strategy. The
Netflix made a significant announcement that it will no longer provide quarterly membership numbers or average revenue per user starting next year. This decision comes as the company reported earnings that exceeded expectations on both the top and bottom lines. The total number of memberships rose by 16% in the last quarter, reaching 269.6 million,
The aviation industry has been under scrutiny recently due to a series of safety issues. From United Airlines to Delta Air Lines, incidents like a door plug blowing out of a Boeing 737 Max 9 and a tire falling from one of United Airlines’ older Boeing 777s have raised concerns about safety protocols. These incidents