Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer, pending approval…
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Business
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Business
Johnson & Johnson to pay $6.5 billion to resolve nearly all talc ovarian cancer lawsuits in U.S.
Johnson & Johnson on Wednesday said it plans to pay $6.5 billion over 25 years to settle nearly all of the thousands of lawsuits in the U.S. claiming its talc-based products caused ovarian cancer, pending approval…
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Business
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down and the company will lay off 15% of its staff because it “simply had no other way to bring its spending in line with its…
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Just ahead of its blowout first-quarter earnings report on April 25, Google laid off at least 200 employees from its “Core” teams, in a reorganization that will include moving some roles to India and Mexico, CNBC has…
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Business
Home prices soar even higher in February, despite higher mortgage rates, says S&P Case-Shiller
Strong demand and tight supply continue to push home values higher, even though mortgage rates are now moving higher again. Home prices in February jumped 6.4% year over year, another increase after the prior month’s…
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Arcade giant Dave & Buster’s is set to allow adults 18 and older to place real-time bets with friends on arcade games. The Dave & Buster’s app will begin to incorporate an option to bet…
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Federal Reserve Chair Jerome Powell said Wednesday there was no sign of stagflation in the economy, even as inflation remains stubbornly high and some signs of slowing growth have started to emerge. In remarks after…
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Arcade giant Dave & Buster’s is set to allow adults 18 and older to place real-time bets with friends on arcade games. The Dave & Buster’s app will begin to incorporate an option to bet…
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Is being nice holding you back at work? One viral TikTok has young workers up in arms about the perils of being pleasant in the workplace. A TikToker who goes by the name Jacqueline recently…
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Business
Federal prosecutors are examining financial transactions at Block, owner of Cash App and Square
Federal prosecutors are digging into internal practices at Block, the financial technology firm launched by Twitter co-founder Jack Dorsey, discussing with a former employee alleged widespread and yearslong compliance lapses at the company’s two main…