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...way J Crew did in 2016....
...The deal would allow J&J to resolve all current and future claims relating to ovarian cancer through the bankruptcy filing of a subsidiary company, if 75 per cent of plaintiffs vote in favour....
...But J&J took it a step further, by filing not the whole $350bn company but a contrived subsidiary. The company had said it would pay up to $60bn of liability....
...Both companies’ boards have approved the deal, which values Shockwave including debt at $13.1bn, J&J added....
...I am surprised, looking through Berkshire’s 13-F filings, how many not-huge stock positions it has on big-but-not massive companies....
...At Berkshire’s annual general meeting in Omaha on Saturday, Buffett gave his most direct answer yet on how responsibilities will be doled out among the small executive team that will one day lead the company...
...Yet it is BookTok that has shaken up the sometimes fusty literary world, turbocharging sales of authors such as Sarah J Maas, Colleen Hoover and Alice Oseman among younger readers....
...In 2017, J&F agreed to pay a $3.2bn fine in Brazil after admitting to bribing politicians. The payment was suspended by the supreme court last year....
...“I enjoy reading the FT every day even if it doesn’t tell me what its owner is likely to do next.”...
...At the AGM on Saturday, Buffett gave his most direct answer yet on how responsibilities will be doled out among the small executive team that will one day lead the company, handing Abel responsibility for...
...At the start of the year it also settled a dispute over its $11bn takeover of Pilot Flying J, a truck stop chain....
...That in turn has prompted a rash of dealmaking, with Roche, J&J and Genmab all sealing acquisitions this year following a bumper period for M&A and partnerships last year....
...Those days are long behind us.”...
...In the (in)famous 1999 IPO of Internet Capital Group, for example, the f&f accounted for 30 per cent of the deal; the shares rocketed for a while before crashing and burning....
...Millions feel ripped off by the big drugs companies. On Tuesday, Shanahan vowed to fix chronic disease within “weeks, not years” of being elected....
...On St Patrick’s Day, members of the Kennedy clan posed for a photo with Biden at the White House....
...Night and day.”...
...However Jen Wong, Reddit’s chief operating officer, cautioned on the call that the company had less “visibility” into how the second half of the year would pan out, noting that the US election in November...
...Instead, they have reignited criticism of the workplace culture at Chinese tech companies....
...In the filing, TikTok said a sale would be “simply not possible” as a standalone US app was not commercially or technologically viable, particularly within the 270-day timeline stipulated by the law....
...Chris Rossbach, a fund manager at J Stern & Co, said it had voted in favour of Disney’s board recommendations....
...Om Malik, a tech journalist turned Silicon Valley investor, said that the mis-step highlighted how Big Tech companies such as Apple were “doing things that make them less likeable by the day”....
...The long hours often expected of tech employees are known as “996”, meaning they start work at 9am, leave at 9pm and work six days a week....
...Most have been peaceful, although their character can change throughout the day and depending on the involvement of other actors....
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