By Brendan Pierson (Reuters) – Johnson & Johnson must pay $15 million to a Connecticut man who alleges that he developed mesothelioma, a rare form of cancer, as a result of using the company’s talc powder for decades, a jury found on Tuesday. Plaintiff Evan Plotkin sued the company in 2021 soon after his diagnosis, saying he was sickened by inhaling J&J’s baby powder. The verdict, handed down by a jury in Fairfield, Connecticut Superior … Read more…

NEW YORK (Reuters) – U.S. stocks followed world stocks lower on Tuesday as weak sales forecast from chipmaker ASML weighed on tech shares, while crude extended its slide due to easing supply worries and weakening demand. The three major U.S. indexes headed lower shortly after the opening bell, with the S&P 500 and the Dow easing back from Monday’s record closing highs. Financial firms Goldman Sachs, Citigroup and Bank of America all posted better-than-expected profit, … Read more…

WASHINGTON (Reuters) – The World Bank, under pressure to do more to help developing countries cope with climate change, voted on Tuesday to change its internal lending guidelines to free up $30 billion in additional lending capacity over the next decade, World Bank President Ajay Banga told Reuters. Banga said the bank’s International Bank for Reconstruction and Development (IBRD) arm would lower its equity-to-lending ratio by 1 percentage point to 18%, taking on a bit … Read more…

This week, three major companies are poised to release their third-quarter earnings: Netflix (NFLX), Bank of America (BAC), and Johnson & Johnson (JNJ). Each company, representing different sectors—technology, finance, and healthcare—is under market scrutiny for how they’ve weathered recent macroeconomic turbulence. In this editorial, we’ll explore each company’s expected earnings, their performance following prior earnings releases, and what investors should be aware of as these results come in. 1. Netflix (NFLX): Expecting a Strong Quarter … Read more…

(Reuters) – The Kremlin said on Saturday that Democratic Party presidential candidate Kamala Harris’s description of Russian President Vladimir Putin as a “murderous dictator” exposed how politicians in Washington sought to impose their views on the world. Kremlin spokesman Dmitry Peskov’s comment was the latest jab in exchanges revolving around the U.S. presidential election and the Kremlin’s more than 2 1/2-year-old war in Ukraine. “The lofty political establishment of the United States of America, to … Read more…

By Allison Lampert and David Shepardson (Reuters) -Boeing will cut 17,000 jobs — 10% of its global workforce — delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike. CEO Kelly Ortberg said in a message to employees that the significant downsizing is necessary “to align with our financial reality” after an ongoing strike … Read more…

WASHINGTON (Reuters) -The United States expanded sanctions against Iran’s petroleum and petrochemical sectors on Friday in response to an Iranian missile attack on Israel, the administration of President Joe Biden said. The U.S. move adds petroleum and petrochemicals to an executive order that targets key sectors of Iran’s economy with the aim of denying the government funds to support its nuclear and missile programs. “The new designations today also include measures against the ‘Ghost Fleet’ … Read more…

By Amina Niasse NEW YORK (Reuters) -CVS Health is exiting its core infusion services business and plans to either close or sell 29 related regional pharmacies in the coming months, a company spokesperson confirmed to Reuters on Friday. Details of the strategic shift were announced in a CVS corporate memo dated Oct. 8 and seen by Reuters. The company on Oct. 8 stopped taking new patients seeking antibiotics, drugs supporting muscular health, and intravenous nutrition … Read more…