Legal & Regulatory

Johnson & Johnson Plans Bankruptcy Filing to Finalize $6.48 Billion Talc Settlement

Johnson & Johnson Plans Bankruptcy Filing to Finalize $6.48 Billion Talc Settlement

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.


New Medicare Drug Prices Set to Save $1.5 Billion for Patients in 2026

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.

Trump Seeks $100M in Damages Against DOJ Over FBI Mar-a-Lago Search

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.

Over $2.3 Billion US, EU Banknote Flowed to Russia Despite Sanctions

Around $2.3 billion in dollar and euro banknotes have entered Russia since March 2022, with the country circumventing US sanctions through intermediary countries.


Latest News

Taylor Swift's Eras Tour Cancellations in Vienna Could Cost Insurance Companies Tens of Millions
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.
Serbia's Lithium-Rich Region Protests Government-Backed and EU-Supported Mining Plans
Serbian residents fiercely oppose a lithium mining project backed by the Serbian government and the European Union, fearing environmental damage despite government assurances.
New EU DORA Law Requires Banks to Strengthen IT Security and Manage Third-Party Risks by 2025
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.
Australia Orders to End Work-From-Home Setup for Public Servants; Citing Need for Physical Presence
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.
Google Could Be Split Up After US Judge Found Illegal Monopoly Search
A US judge ruled that Google operates an illegal monopoly, controlling 90% of online searches and 95% of mobile searches, which may lead to a breakup of its parent company, Alphabet.
Google Faces Italian Antitrust Investigation for Misleading User Consent Practices
The ruling could force Google to allow users to choose which search engine to use. A federal judge on Monday ruled that Alphabet's Google broke antitrust laws and held an illegal monopoly in the United States in a landmark ruling against the tech giant.
Elon Musk Reignites Legal Battle Against OpenAI and CEO Sam Altman Over Alleged Fraud
After dropping his lawsuit against OpenAI and CEO Sam Altman earlier this year, Elon Musk is reigniting the feud with an accusation of deceit and fraud by shifting from a non-profit mission.
CrowdStrike Blames Delta Air Lines  For Extended IT Outage and $500M Loss
CrowdStrike denies responsibility for Delta Air Lines' extended IT outage, arguing that the airline mismanaged the situation and contributed to a misleading narrative about the incident.
Coca-Cola Post Strong Earnings
Coca-Cola expects some or all of the $6 billion in back taxes to be refunded if it wins an appeal on the court's decision.
Thailand Plans to Legalize Casino to Boost Tourism and Foreign Investment
Despite its conservative stance, Thailand is pushing to legalize casinos to boost tourism and attract foreign investment, with major global casino operators like MGM showing interest.
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