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Jury orders Johnson & Johnson to pay $40 million to two women in latest talc trial
Reuters· 2025-12-13 02:08
Core Points - A California jury awarded $40 million to two women claiming that Johnson & Johnson's baby powder caused their ovarian cancer [1] Company Summary - Johnson & Johnson faces legal challenges related to its baby powder product, with significant financial implications following the jury's decision [1]
US lawmaker demands details on Trump's decision to sell Nvidia H200 chips to China
Reuters· 2025-12-13 01:40
Core Points - U.S. lawmaker John Moolenaar, chair of the bipartisan select committee focused on China, has requested Commerce Secretary Howard Lutnick to provide detailed explanations regarding specific issues related to China [1] Group 1 - The bipartisan select committee aims to address concerns and policies related to China [1] - The request for information indicates ongoing scrutiny of U.S.-China relations and potential implications for trade and investment [1]
Bitcoin hoarder company Strategy remains in Nasdaq 100
Reuters· 2025-12-13 01:22
Core Insights - Bitcoin hoarding giant Strategy has maintained its position in the Nasdaq 100, continuing its presence for over a year despite analysts questioning its business model [1] Company Summary - The company is recognized as a significant player in the Bitcoin market, indicating its influence and relevance in the cryptocurrency sector [1] - Analysts have raised concerns regarding the sustainability and viability of the company's business model, suggesting potential challenges ahead [1] Industry Summary - The ongoing scrutiny of business models within the cryptocurrency industry highlights the evolving landscape and the need for companies to adapt to market conditions [1] - The performance of Bitcoin-related companies, such as Strategy, is closely monitored by investors, reflecting the broader trends and sentiments in the cryptocurrency market [1]
JPMorgan's Dimon signals support for Kevin Warsh as Fed chair, FT reports
Reuters· 2025-12-13 00:47
Core Viewpoint - JPMorgan's CEO Jamie Dimon expressed support for Kevin Warsh as the next chair of the U.S. central bank, indicating a potential shift in leadership direction at the Federal Reserve [1] Group 1 - Jamie Dimon, a prominent figure in the banking industry, is advocating for Kevin Warsh, a former Federal Reserve Governor, to take on the role of chair of the U.S. central bank [1]
US delays new Air Force One delivery date until mid-2028, Bloomberg News reports
Reuters· 2025-12-12 23:02
Core Point - The U.S. Air Force has postponed the delivery of the first of two new Air Force One jets to mid-2028, marking a one-year delay from previous expectations [1] Group 1 - The delivery of the new Air Force One jets has been delayed by one year [1] - The revised expected delivery date is now set for mid-2028 [1]
ProPetro enters power supply agreement with Coterra's unit
Reuters· 2025-12-12 22:59
Core Insights - ProPetro Holding Corp's energy unit, PROPWR, has signed a deal with a unit of Coterra Energy to supply power for building and installing microgrids [1] Group 1 - The partnership aims to enhance energy infrastructure through the development of microgrids [1] - This collaboration reflects a growing trend in the energy sector towards sustainable and decentralized power solutions [1]
Live Nation, Ticketmaster must face sprawling class action over prices
Reuters· 2025-12-12 21:52
Core Viewpoint - A federal judge in California has ruled that Live Nation and its subsidiary Ticketmaster must face a class action lawsuit for allegedly overcharging millions of Americans for events [1] Group 1 - The class action lawsuit represents millions of consumers who claim they were overcharged by Ticketmaster for various events [1] - The ruling indicates a significant legal challenge for Live Nation and Ticketmaster, potentially impacting their business practices and revenue [1]
Venezuela's oil exports fall sharply after US tanker seizure as only Chevron ships sail - sources, data
Reuters· 2025-12-12 20:33
Venezuelan oil exports have fallen sharply since the United States seized a tanker earlier this week and imposed fresh sanctions on shipping companies and vessels doing business with the Latin American oil producer, according to shipping data, documents and maritime sources. ...
Southwest Airlines to open Austin crew base in 2026, create 2,000 jobs
Reuters· 2025-12-12 20:14
Southwest Airlines said on Friday it would open a crew base at Austin-Bergstrom International Airport in March 2026, creating more than 2,000 jobs as the carrier looks to expand its footprint in fast-... ...
US FDA approves Innoviva's oral antibiotic for common sexually transmitted infections
Reuters· 2025-12-12 18:33
The U.S. Food and Drug Administration has approved Innoviva's oral antibiotic for common sexually transmitted infection, offering patients a pill instead of the injection that is currently the only re... ...