Johnson & Johnson is nearly announcing a $6.48 billion settlement to resolve talc-related cancer claims, with at least 75% of claimants supporting the deal. He plans to use a bankruptcy strategy to settle all current and future claims.
Legal & Regulatory
California Passes New Laws Targeting Shoplifting and Organized Theft Rings
California Governor Gavin Newsom has signed 10 new laws to combat organized retail crime, focusing on shoplifting, vehicle theft, and the resale of stolen goods online, with increased penalties for middlemen and stricter regulations for online sellers.
California AI Bill Faces Backlash From US Congresswoman Nancy Pelosi, Calls It 'Ill-Informed'
Congresswoman Nancy Pelosi has criticized California's SB 1047 AI regulation bill as "ill-informed," arguing it could harm rather than help. State Senator Scott Wiener defends it as necessary for ensuring safety in large AI models.
US Supply Chain at Risk as Canadian Railroads Face Possible Shutdown Due to Labor Dispute
Due to an impending labor dispute, Canada's two largest railroads may face a work disruption soon, threatening to also disrupt the US supply chain for an indefinite amount of days.
Epic Games Hopes to Recover Revenue as Fortnite Returns to iOS in Europe and in Android Global
Fortnite has returned to iPhones in the EU and is now available on Android globally, following a four-year removal from app stores due to payment disputes.
Latest News
Biden administration announced that new negotiated prices for ten costly prescription drugs will save Medicare $6 billion and beneficiaries $1.5 billion starting in January 2026.
Donald Trump plans to file a $100 million lawsuit against the DOJ and FBI, alleging political bias in their search of his Mar-a-Lago estate.
Around $2.3 billion in dollar and euro banknotes have entered Russia since March 2022, with the country circumventing US sanctions through intermediary countries.
South Korea held an emergency meeting to address safety concerns over electric vehicles following a major fire that damaged 140 cars in an Incheon parking garage.
Elon Musk's X platform wins a lawsuit against the Global Alliance for Responsible Media (GARM), leading to GARM's dissolution as financial expenses and public backlash pile up.
Insurers are set to face high financial claims after three Taylor Swift concerts in Vienna were canceled due to a foiled ISIS attack; future policies might get affected as well.
Serbian residents fiercely oppose a lithium mining project backed by the Serbian government and the European Union, fearing environmental damage despite government assurances.
By January 2025, the EU's Digital Operational Resilience Act (DORA) will enforce stringent IT security standards for banks and their technology suppliers to boost cyber resilience and manage third-party risks.
New South Wales, Australia, has mandated that all public employees return to office work starting August 6, reversing remote work policies due to debate on its impact on staffing and business activity.
