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...“Many of the medicines selected for price setting already have significant rebates and discounts due to the robust private market negotiation that [already] occurs,” said Stephen J Ubl, Phrma chief executive...
...Pilot, which also operates the Flying J brand, sells fuel, food and merchandise to truckers and provides showers among other services....
...The energy division also houses Berkshire’s realtor, HomeServices of America, which is facing 11 antitrust lawsuits over how it and other brokers charged commissions....
...Goldman Sachs co-head of Latin America Ricardo Mora is leaving the bank, DD reports....
...Goldman Sachs, JPMorgan Chase and Bank of America were lead underwriters on the listing....
...The FT’s US pharmaceutical correspondent Jamie Smyth helps us explore whether J&J’s use of this manoeuvre is setting a precedent for corporations to evade accountability in America....
...She said the Third Circuit’s ruling sent a clear message to corporate America that a bankruptcy action must be “legitimately pursued in good faith” for the purposes of reorganisation, rather than solely...
...Next up was the carve-out IPO of Kenvue, the consumer branded business of J&J (think Band-Aids)....
...PAHO is the WHO’s regional office for the Americas and is leading talks with J&J for the delivery of vaccines under the multilateral Covax scheme....
...The immoderate noshing stands in stark contrast to predecessor J Patrick Doyle (CEO 2010-18), whose personal pizza tabs were far lower....
...J....
...For the first time the figure includes the results of truck stop business Pilot Flying J, which Berkshire took majority control of in January....
...“We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved — a contribution Berkshire will always need,” he wrote....
...Among the other external advisers are film-maker Sofia Coppola, hedge fund supremo J Tomilson Hill and Evan Spiegel, chief executive of Snap. One artist, Jenny Saville, also sits on the board....
...But more companies, like J&J facing thousands of lawsuits over faulty products across America, are likely to follow suit into bankruptcy court....
...In this week’s episode, we explore whether J&J’s use of this manoeuvre is setting a new precedent for corporations to evade accountability in America....
...“J&J’s efforts to escape liability, after denying it in court so long, tarnishes and defames its iconic brand.” J&J has denied its talc contains asbestos and can cause cancer....
...“If J&J succeeds, tens of thousands of people suffering from ovarian cancer and mesothelioma will be forced to wait years for restitution,” he said. J&J declined to comment....
...News round-up French minister calls for restrictions on flights by private jet (FT) Adani launches hostile bid for Indian news channel NDTV (FT) J&J tries to extend its ‘Texas two-step’ to halt two states...
...It stopped selling talc-based baby powder in North America last year....
...Several supporters of abortion access, such as the Don’t Ban Equality coalition of companies including J Crew and Tinder, have also cited an economic case for it....
...The Two-Step’s burgeoning use among scandal-tainted corporates, which is still being tested legally, erodes consumer rights across America....
...J’s baby powder....
...J&J has denied its talc contains asbestos and can cause cancer. This isn’t Jones Day’s first rodeo....
...“The board changes are about both ensuring the continuity of the values and legacy,” said Christopher Rossbach, chief investment officer of J Stern & Co, a longtime Berkshire shareholder....
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