Hints and tips:
...J&J shares closed 4.6 per cent higher on Wednesday in New York....
...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....
...J&J was valued at $367bn, as of market close in New York on Thursday....
...Chris Rossbach, a fund manager at J Stern & Co, said it had voted in favour of Disney’s board recommendations....
...How Combs and Weschler perform is top of mind for shareholders such as Christopher Rossbach, who invests on behalf of the investment management firm J Stern & Co....
...Christopher Rossbach, chief investment officer of Berkshire shareholder J Stern & Co, said the comment by Buffett was “very significant” as it showed “part of the path forward”....
...“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....
...On Monday J&J shares fell about 4 per cent — or $17bn — of value on fears the talc litigation could continue for years....
...It was also the vehicle Berkshire used to buy Pilot Flying J, a truck-stop operator....
...Joe Gebbia, Airbnb co-founder I have a collection of midcentury modern chairs....
...Janssen is the pharmaceutical division of J&J....
...How Combs and Weschler are performing, and how they invest, is top of mind for shareholders such as Christopher Rossbach, who invests on behalf of the investment management firm J Stern & Co....
...Christopher Rossbach, chief investment officer of longtime Berkshire shareholder J Stern & Co, said investors would have to wait to see whether the executives who have worked side-by-side with the two men...
...Goldman Sachs co-head of Latin America Ricardo Mora is leaving the bank, DD reports....
...To manage the growing liability, J&J deployed a controversial bankruptcy manoeuvre known as the Texas two-step....
...A major skincare surprise came via The Outset, co-founded by actor Scarlett Johansson....
...The lead plaintiff is an individual, Richard J....
...J&J could not be immediately reached for comment on the Kenvue offering....
...It did not matter that J&J was offering heavy financial backing....
...By contrast J&J, which gets 84 per cent of its revenue from pharma and medical device sales, trades at about 18 times. J&J would keep at least 80.1 per cent of the voting shares after the spin-off....
...In March a judge dismissed J&J’s first attempt to use the bankruptcy courts to manage claims that its talcum powder could cause cancer....
...Under this strategy J&J had created a $2bn fund to compensate victims....
...This time round, J&J has attempted to avoid a technical violation of the financial distress requirement....
...J&J hired Jones Day, a Cleveland-based law firm and author of the “Texas two-step”....
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