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The logo of Johnson & Johnson is seen on a Brussels' office of the company in Diegem, Belgium September 21, 2023. J&J raised its annual profit forecast, helped by strong sales from its pharmaceutical business, and shares of the U.S. healthcare conglomerate were off about 1%. Excluding its consumer health unit, J&J now expects 2023 adjusted profit of $10.07 to $10.13 per share, up from its previous view of $10.00 to $10.10. Sales at J&J's medical device unit came in at $7.46 billion, shy of Wall Street estimates of $7.58 billion. J&J finalized the biggest shake-up in its 137-year history in August with the spinoff, but retained a 9.5% stake in its iconic consumer health business.

Persons: Johnson, Yves Herman, J, Vamil Divan, Joseph Wolk, Ozempic, Wolk, Bhanvi Satija, Sriparna Roy, Patrick Wingrove, Shounak Dasgupta, Bill Berkrot Organizations: Johnson, REUTERS, Guggenheim Partners, Vamil, Reuters Graphics, J, Thomson, &' $, & $, & $ Locations: Brussels, Diegem, Belgium, Bengaluru, New York

☆ DJ D-Sol out! Goldman Sachs CEO David Solomon steps away from controversial spinning gig
▼ + stars: | 2023-10-17 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

Goldman Sachs chief executive (and noted party DJ) David Solomon will no longer perform at high-profile events, picking Wall Street over South Beach, a representative from the second-largest investment bank confirmed to CNN. Solomon, who performed under the alias DJ D-Sol, began spinning tracks at festivals and in night clubs a few years ago. “David [Solomon] doesn’t work to play diplomat,” Jeffrey Sonnenfeld, who runs Yale School of Management’s Chief Executive Leadership Institute, recently told CNN. And while shares of Goldman Sachs (GS) may be down by more than 8.4% this year, they’re still up by about 40% since he took over in 2018. Goldman Sachs announced third-quarter results on Tuesday morning, reporting earnings of $5.47 per share, which beat the $5.31 expected by analysts.

Persons: Goldman Sachs, David Solomon, “ David, ”, Goldman, Tony Fratto, Solomon, DJ, ” Solomon, Doja, Andrew Cuomo, it’s, Marcus, ” Jeffrey Sonnenfeld, they’re, “ Organizations: New, New York CNN, CNN, New York State Department of Health, Financial, Yale School of Management’s, Leadership Institute, Revenue Locations: New York, South Beach, Dua Lipa

However, the fall Prime event might have better prices for home goods. In fact, the best prices happened on days that were not key shopping event days. Regardless, the July Prime event offered a deeper discount to shoppers when compared to last year's October Prime sale and Super Saturday. The product did go on sale during last October's Prime member event and this past July's Prime sale, but the discounts were not as deep. Downloads of Amazon's shopping app have declined steadily during each subsequent Prime member shopping event since Amazon's Prime Days in July 2021, according to data intelligence platform Apptopia, which tracks mobile app usage for brands like Amazon.

Persons: Tom Williams, Nick Handrinos, Julie Ramhold, it's, Ramhold, iRobot's, Keurig, AF101, fryer, The Bissell Organizations: Washington , D.C, Cq, Inc, Getty, Adobe, Amazon Prime, Gallup, Finance, Deloitte, CNBC, Electronics, Deal, CoreSight Research, NBC, Scout, Amazon, Sony, Black, Health, Revlon, Philips, July's Locations: Washington ,, Research's U.S

Poland's President Andrzej Duda said afterward that Biden had assured the group of continued U.S. support for Ukraine and of his strong conviction that Congress will not walk away. “President Joe Biden began with telling us about the situation in the U.S. and what is the real political situation around Ukraine. He assured us that there is backing for the continuing support for Ukraine, first of all for the military support. He said Biden called on the participants to continue their support for Ukraine and that everyone assured him that they would. The money later was approved separately, but opponents of Ukraine support celebrated their growing numbers.

Persons: Joe Biden, —, Biden, Andrzej Duda, Duda, ” Duda, ”, Jens Stoltenberg, ” Stoltenberg, Antony Blinken, Emmanuel Macron, ” Biden, “, Chuck Schumer, Kevin McCarthy, McCarthy, Volodymyr Zelenskyy, Monika Scislowska Organizations: WASHINGTON, Ukraine, Russia, White House, U.S ., NATO, @POTUS, Biden, European Commission, European Council, White, — Democrats, Republicans, Senate, House, GOP, Republican, Capitol, Ukrainian, Associated Press Locations: U.S, Ukraine, Kielce, Poland, United States, Russia, Canada, Germany, Italy, Japan, Romania, Britain, Mexico, Warsaw

☆ Sen. Bob Menendez's Democratic allies are silent for now on his latest indictment
▼ + stars: | 2023-09-22 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

Fellow Democrats have yet to come to Sen. Bob Menendez's side in the wake of a stunning indictment. Months before the 2015 indictment, Booker had deemed himself "the Robin to his Batman." Stories about his 2015 indictment feature accounts of a IStandwithBob.com and an accompanying Twitter account that reposted signs of support. At the time of the 2015 indictment, Schumer's predecessor as top Senate Democrat, Sen. Harry Reid, encouraged people to let Menendez have his day in court. Menendez's 2015 indictment ended in a mistrial and he was easily reelected that same year.

Persons: Sen, Bob Menendez's, Menendez, Democratic Sen, Bob Menendez, Matt Friedman, Friedman, Cory Booker, Booker, Robin, It's, Nadine, Phil Murphy hasn't, Chuck Schumer, Schumer's, Harry Reid, Rob Menendez, White, Karine Jean, Pierre, he's, Chris Christie, Obama, Ben Rhodes Organizations: Service, Democratic, New, New Jersey Democrats, NJ, Twitter, New Jersey Gov, Democrat, Senate Foreign Relations, Republican, Monmouth University Locations: Wall, Silicon, Egypt, New Jersey, Garden, Washington, Iran, Cuba

Johnson & Johnson is signing off on a new logo. Johnson & Johnson itself narrowed its focus to pharmaceuticals and medical devices. The signature logo was “one of the longest-used company emblems in the world,” J&J declared in a 2017 website post. “Everyone washed their baby with Johnson & Johnson baby shampoo,” she said. New Brunswick, New Jersey-based J&J also will rename its Janssen pharmaceutical segment, changing it to Johnson & Johnson Innovative Medicine.

Persons: Johnson, James Wood, ”, Vanessa Broadhurst, ” J, J, Laura Ries, Ries, wasn't Organizations: Janssen, Johnson Innovative Medicine, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: New Brunswick , New Jersey

☆ Johnson & Johnson is getting rid of its script logo after more than 130 years
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: +1 min

Johnson & Johnson is signing off on a new logo. The health care giant said Thursday that it will replace the well-known signature script it has used since 1887 with a modern look that reflects its sharpened focus on pharmaceuticals and medical devices. Johnson & Johnson itself narrowed its focus to pharmaceuticals and medical devices. The signature logo was "one of the longest-used company emblems in the world," J&J declared in a 2017 website post. "Because it's easier, it almost even draws your attention to it," said Ries, who wasn't involved in the logo change.

Persons: Johnson, James Wood, Vanessa Broadhurst, J, Laura Ries, Ries, wasn't

☆ Trump loses bid to delay E. Jean Carroll rape-defame case, but granted expedited appeal
▼ + stars: | 2023-09-13 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

E. Jean Carroll reacts as she exits the Manhattan Federal Court following the verdict in the civil rape accusation case against former U.S. President Donald Trump, in New York City, May 9, 2023. A federal appeals court on Wednesday denied a bid by Donald Trump to delay a defamation lawsuit by the writer E. Jean Carroll, but granted him an expedited appeal on the question of whether he can claim absolute presidential immunity as a defense. Barring further action by that appeals court or the Supreme Court, the second of Carroll's suits remains scheduled for trial in mid-January in U.S. District Court in Manhattan. In the pending suit headed to trial, Carroll alleges Trump defamed her in 2019 when he, as president, first made statements denying her claim of rape. The DOJ also noted that Trump's allegedly defamatory statements about Carroll continued after he left the White House in January 2021.

Persons: Jean Carroll, Donald Trump, Carroll, Trump, Carrol, Robbie Kaplan, Kaplan, Goodman, Trump's Organizations: U.S, Wednesday, 2nd Circuit, Trump, Circuit, Department of Justice, DOJ, Washington , D.C, ., White Locations: Manhattan, New York City, New York, U.S, Washington ,

☆ Voice referendum: Australia sets date for historic referendum on its First Nations people
▼ + stars: | 2023-08-29 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +9 min

Brisbane, Australia CNN —Australia has set the date for its first referendum in 24 years as polls suggest the government is on course for failure unless it can reverse declining support. As soon as the date was announced, the no campaign sent a text message calling for tax deductible donations that read: “It’s on! Votes in the territories – the Northern Territory and the Australian Capital Territory will only be included in the national total. The Voice, if approved, would enshrine a body in the constitution made up of Indigenous people to advise the government on laws that relate to them. Tamati Smith/Getty ImagesNo vote strengthening in the pollsBut recent polling suggests if a vote was cast now, it would likely fail.

Persons: ”, Anthony Albanese, –, Richard Wainwright, Peter Dutton, they’d, ” Dutton, “, Anna Clark, Clark, ” Cedric Marika, Tamati Smith, Oscar, ” Oscar, she’s, Albanese, “ Don’t, don’t Organizations: Australia CNN —, Peoples of Australia, Aboriginal, Torres Strait Islander, Australian, Territory, Nations, WA Liberals, Reuters, Labor, Liberal Party, National Party, Australian Electoral Commission, Liberal, AEC, Sky News, Australian Centre for Public, University of Technology, Garma, Torres, Torres Strait Islander Social, Australian Human Rights, ”, Torres Strait Locations: Brisbane, Australia, Australia CNN — Australia, Nations, Northern Territory, Perth, University of Technology Sydney, East Arnhem, Torres Strait

☆ Opinion: An unwanted kiss on the lips mars Spain’s World Cup celebration
▼ + stars: | 2023-08-22 | by ( Opinion Jill Filipovic | ) edition.cnn.com time to read: +8 min

Rubiales was, like everyone else at the ceremony, no doubt excited that the Spanish team had won the World Cup. Say it was fine and she’s a bad feminist, letting other women down by justifying bad male behavior (and, perhaps, lying). Rubiales’ kiss also tops off a mountain of allegations about sexism-tinged bad behavior in the RFEF. And yet, when the Spanish women won the World Cup thanks to their own skill and hard work, Rubiales still emphasized Vilda. This, too many people say, is just men being men, or a simple display of normal human emotion.

Persons: Jill Filipovic, CNN —, Luis Rubiales, Jennifer Hermoso’s, Rubiales, Jenni, “, ” Hermoso, It’s, Hermoso, there’s, Adrien Brody, Oscar, Greta Friedman, you’ve, I’m, Berry, Brody, Friedman, Jorge Vilda’s, Jorge Vilda, ”, objectifying Hermoso, ogle, it’s Organizations: Twitter, CNN, Royal Spanish Football Federation, Spanish, Halle Berry, Times, Facebook Locations: New York, Spanish, Hermoso, Ibiza, Halle

☆ Judge narrows case in Google antitrust suits brought by states and DOJ
▼ + stars: | 2023-08-04 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

A federal judge narrowed the case that states and the Department of Justice can make in the antitrust trial against Google beginning in September, according to a newly-released decision. The cases both alleged that Google illegally maintained a monopoly by cutting off rivals from search distribution channels. The DOJ and a bipartisan group of AGs from 38 states and territories, led by Colorado and Nebraska, filed similar but separate antitrust suits against Google in 2020. In addition to the allegedly exclusionary contracts for search distribution, the states alleged that Google also violated antitrust law through its product to buy search ads and the way it designed its search results pages. But they will no longer be able to bring the claim that Google harmed competition by designing its search results to push down search engine competitors' results, the judge decided.

Persons: Sundar Pichai, It's, Amit Mehta, Mehta, Google's, Kent Walker, Phil Weiser Organizations: Department, Justice, Google, D.C, Department of Justice, DOJ, AGs, Colorado and, Federal Trade Commission, FTC, Street Locations: Rayburn, Washington ,, Colorado, Colorado and Nebraska

Bankers have been worried about the eventual outflows of these funds, but RBI officials have assured them in informal meetings that they have adequate buffers to manage such an eventuality, the banking sources said. "Whenever banks have expressed concerns about potential outflows on the forex and debt market, the RBI has always responded positively," said a treasury official at a state-run bank. The official and other sources requested not to be named as they are not authorized to speak to the media. The RBI has never disclosed the quantum of such funds, the sources said. Reporting by Ira Dugal, Siddhi Nayak and Dharamraj Dhutia; Editing by Savio D'SouzaOur Standards: The Thomson Reuters Trust Principles.

Persons: CLSA, Ira Dugal, Siddhi Nayak, Dharamraj, Savio D'Souza Organizations: Reserve Bank of, U.S, Bankers, Reuters, Thomson Locations: MUMBAI, Reserve Bank of India, India, Siddhi

☆ BOJ Governor Ueda's comments at news conference
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +4 min

Following are excerpts from BOJ Governor Kazuo Ueda's comments at his post-meeting news conference, which was conducted in Japanese, as translated by Reuters:BOND YIELD"We will not tolerate an increase in the 10-year bond yield above 1% and will step in if it does. ON WHY THE BOJ DECIDED TO MOVE NOW"The inflation forecast for this fiscal year has been revised up quite significantly. The bond market is pretty stable now and we saw uncertainty over the outlook very high. Given uncertainty over the outlook, we decided to pre-empt risks by setting 1% as a loose framework along with the 0% target and the 0.5% yield band." ON WHETHER THE MARKET'S SIDE-EFFECTS OF YCC INCLUDE VOLATILE CURRENCY MARKET MOVES"The BOJ does not target currency rates in guiding monetary policy.

Persons: Kazuo Ueda's, haven't, That's, we're, Leika Kihara, Subhranshu Sahu Organizations: Bank of Japan, Reuters, THE, Thomson Locations: Japan

☆ Johnson & Johnson investors can soon swap their shares for Kenvue stock — here's what you need to know
▼ + stars: | 2023-07-20 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +2 min

Johnson & Johnson on Thursday said its shareholders will soon be able to swap their shares for stock of Kenvue , which spun out as an independent consumer health company just two months ago. That process, also known as a split-off, will allow J&J shareholders to exchange all or a portion of their shares for Kenvue's common stock. Kenvue shares fell following the announcement Thursday, even though the company beat earnings and revenue estimates in its first quarterly report since its IPO. Previously, J&J did not disclose whether it would divest its Kenvue shares through a split-off or a spinoff. The latter would involve distributing Kenvue stock to existing J&J shareholders rather than giving them the option to exchange.

Persons: Thibaut Mongon, Paul Ruh, Johnson, J, Joseph Wolk, Wolk, J's, CNBC's, Kenvue, Goldman Sachs, JPMorgan Chase Organizations: Kenvue Inc, New York Stock Exchange, JPMorgan Locations: New York City, U.S

☆ Cramer's Lightning Round: KeyCorp is a buy
▼ + stars: | 2023-07-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

Stock Chart Icon Stock chart icon Illumina's year-to-date stock portfolio. Stock Chart Icon Stock chart icon Compass Pathways' year-to-date stock performance. Stock Chart Icon Stock chart icon KeyCorp's year-to-date stock performance. Stock Chart Icon Stock chart icon Eaton's year-to-date stock performance. Stock Chart Icon Stock chart icon ASML Holding's year-to-date stock performance.

Persons: Eaton, you've, ASML Organizations: Verve Therapeutics, ASML, Taiwan Semi Locations: Informatica, Taiwan

☆ Trump loses bid for new trial on damages in E. Jean Carroll sexual abuse, defamation case
▼ + stars: | 2023-07-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +4 min

E. Jean Carroll exits the Manhattan Federal Court following the verdict in the civil rape accusation case against former U.S. President Donald Trump, New York City, May 9, 2023. Jurors also found Trump had defamed Carroll in comments last fall denying her allegations. Carroll II is how lawyers in the case refer to the lawsuit that resulted in this verdict. In that other civil lawsuit, Carroll alleges Trump defamed her in 2019, when he denied her claims after she first publicly accused Trump of raping her during the encounter. In Manhattan state court, Trump is accused of falsifying business records in connection with a 2016 hush money payment to porn star Stormy Daniels.

Persons: Jean Carroll, Donald Trump, Trump, Carroll, Bergdorf Goodman, Kaplan, Judge Lewis Kaplan, E, Trump's, Joseph Tacopina, Robbie Kaplan, E Jean Carroll, Carroll I, Judge Kaplan, Stormy Daniels, Jack Smith, Joe Biden Organizations: U.S, New, Trump, U.S . Department of Justice, DOJ, Washington , D.C, ., Republican, GOP Locations: Manhattan, Donald Trump , New York City, U.S, New York, Carroll II, Carroll, Washington ,, Florida

☆ What the heck is going on at Goldman Sachs
▼ + stars: | 2023-06-23 | by ( Matt Turner | ) www.businessinsider.com time to read: +5 min

It's been non-stop negativity over at Goldman Sachs recently. The bad news just keeps rolling in over at Goldman Sachs. The Economist put a fine point on this earlier this year when it ran a cover story titled "The humbling of Goldman Sachs." But Goldman Sachs' historic partnership model has given it a distinct culture, where these kinds of things matter. Whatever the truth is, it's clear that Goldman Sachs and David Solomon are going to remain in the headlines for some time.

Persons: It's, Goldman Sachs, David Solomon's, Dakin Campbell, grumbling, Solomon, Goldman, David Solomon, it's, Dina Powell McCormick, Gregg Lemkau, Stephen Scherr, Eric Lane, Katie Koch, Fred Baba, he's, he'd, John Rogers, Tony Fratto Organizations: Goldman, Wall Street, The New York Times, Silicon Valley Bank, DJ, Discovery Land Company, New York Times, Air Mail Locations: California

☆ Senate Democrats press for Justice Department inquiry into PGA Tour-LIV Golf merger
▼ + stars: | 2023-06-14 | by ( Chelsey Cox | ) www.cnbc.com time to read: +4 min

WASHINGTON — Two top Senate Democrats with a track record of scrutinizing business and antitrust activity have called for a Justice Department investigation into the merger agreement between the PGA Tour and Saudi-funded LIV Golf. The letter follows Connecticut Democratic Sen. Richard Blumenthal's inquiries to PGA Tour Commissioner Jay Monahan and LIV Golf CEO Greg Norman for details on the merger. The PGA Tour also insists the deal isn't a merger and that Saudi Arabia's Public Investment Fund will be a minority investor. The deal between the PGA Tour and LIV Golf would put an end to pending antitrust litigation between the two golf organizations. Family members of 9/11 victims have protested the Saudi golf league due to the terrorists' ties to the country.

Persons: Elizabeth Warren, Ron Wyden, LIV, Elizabeth Warren of, General Merrick Garland, Jonathan Kanter, Connecticut Democratic Sen, Richard Blumenthal's, Jay Monahan, Greg Norman, Monahan, LIV Golf, DOJ didn't, Yasir Al, Rumayyan, LIV Golf's, Osama Bin Laden, Prince Mohammed bin Salman, Jamal Khashoggi, Warren, Wyden, –, Jessica Golden Organizations: U.S, Capitol, WASHINGTON —, Democrats, Justice Department, PGA Tour, Saudi, LIV Golf, Oregon, Connecticut Democratic, Saudi Arabia's Public Investment Fund, DOJ, CNBC, PGA, Public Investment Fund, Washington Post, Senate Banking Committee, Finance Locations: Sens, Washington , DC, Elizabeth Warren of Massachusetts, U.S, Saudi, Saudi Arabia

☆ US judge rejects 3M effort to resolve earplug lawsuits in bankruptcy
▼ + stars: | 2023-06-09 | by ( Dietrich Knauth | ) www.reuters.com time to read: +3 min

NEW YORK (Reuters) -A U.S. judge on Friday dismissed the bankruptcy of 3M subsidiary Aearo Technologies, rejecting an effort to resolve nearly 260,000 lawsuits alleging that 3M military earplugs caused hearing loss for veterans and U.S. service members. 3M and Aearo had argued that the earplug litigation had spiraled out of control and could be resolved only in bankruptcy. Graham acknowledged that the earplug litigation was “staggering,” representing 30% of all cases currently pending in the federal district courts. Those appeals could “fundamentally change the trajectory” of the earplug lawsuits, 3M said. 3M’s bankruptcy strategy mirrors a similar effort by Johnson & Johnson, which has attempted to resolve lawsuits through the bankruptcy of a newly created subsidiary, LTL Management.

Persons: Brendan McDermid, Jeffrey Graham, Aearo, Graham, Bryan Aylstock, Chris Seeger, ” “, ” Aylstock, Seeger, Johnson, J, LTL Organizations: YORK, Aearo Technologies, New York Stock Exchange, REUTERS, 3M, Aearo, U.S, Circuit, Johnson, LTL Management Locations: U.S, New York City, Indianapolis, Pensacola , Florida, Florida

The RBI's repo rate is at 6.50%. Banks met officials from the Fixed Income Money Market and Derivatives Association of India (FIMMDA) last week to raise the issue of persistently high overnight rates. FIMMDA and RBI officials did not respond to Reuters' emails seeking comment. Even as overnight rates stay elevated, treasury officials are not anticipating any infusion from the RBI as they expect liquidity conditions to improve in due course. That dividend transfer, according to traders, could top 1 trillion rupees ($12.23 billion), sharply above the budgeted 480 billion rupees.

☆ J&J's Kenvue prices IPO within range to raise $3.7 bln - source
▼ + stars: | 2023-05-03 | by ( Echo Wang | ) www.reuters.com time to read: 1 min

NEW YORK, May 3 (Reuters) - Johnson & Johnson (JNJ.N) on Wednesday priced the initial public offering (IPO) of its consumer-health business at the upper end of its target range to raise $3.66 billion, people familiar with the matter said,Kenvue Inc defied volatile market conditions to price about 166 million shares at $22 per share, the source said, requesting anonymity as these discussions are confidential. The IPO values Kenvue at about $41 billion. Kenvue had earlier said it planned to sell 151 million shares at a range of between $20 and $23 per share. read moreJ&J did not immediately respond to a request for comment. Reporting by Echo Wang in New York; Editing by Anirban SenOur Standards: The Thomson Reuters Trust Principles.

☆ J&J's Kenvue prices upsized IPO at upper end of range to raise $3.7 bln -sources
▼ + stars: | 2023-05-03 | by ( Echo Wang | ) www.reuters.com time to read: +1 min

Kenvue defied volatile market conditions to price about 166 million shares at $22 per share, the sources said, adding that the size of the deal was upsized by about 10%. The IPO values Kenvue at about $41 billion. Kenvue had earlier said it planned to sell 151 million shares at a range of between $20 and $23 per share. Kenvue's share sale marks the biggest IPO to result from a corporate carve-out in over two decades. The IPO market has been largely frozen over the past year as stock-market volatility and economic uncertainty have put off many hopefuls.

Companies Johnson & Johnson FollowApril 27 (Reuters) - Johnson & Johnson (JNJ.N) said on Thursday it has agreed to retain all talc-related liabilities arising from litigation in the United States and Canada and will "indemnify" newly formed consumer health unit Kenvue for all costs. "As unequivocally and unambiguously stated, Johnson & Johnson has agreed to retain all the talc-related liabilities -and indemnify Kenvue for any and all costs - arising from litigation in the United States and Canada. Any suggestion to the contrary is false and misleading," Erik Haas, vice president of litigation, Johnson & Johnson, said in a statement. The news comes as Johnson & Johnson (J&J) seeks a valuation of up to $42.95 billion for Kenvue in its initial public offering. Their lawsuit claims Justin Bergeron contracted mesothelioma, a cancer associated with asbestos exposure, as a result of using J&J talc, FT reported.

Organizations: & $

LTL has said litigation against J&J would imperil its effort to negotiate a comprehensive settlement of all current and future talc claims in its bankruptcy. Before the talc lawsuits could resume, LTL filed for bankruptcy a second time, re-opening the legal battle over the bankruptcy's legitimacy. It has said its second bankruptcy is different because it has less funding available and more plaintiff support for a settlement. U.S. Bankruptcy Judge Michael Kaplan agreed to protect J&J from lawsuits during LTL's first bankruptcy, saying at the time it offered the best way to fairly resolve all of the talc lawsuits together. Kaplan, who is also presiding over the second bankruptcy, will now decide whether to stop the lawsuits again to give LTL a second shot at a bankruptcy settlement.

☆ Club meeting recap: Jim Cramer says Johnson & Johnson's post-earnings sell-off is wrong and a chance to buy
▼ + stars: | 2023-04-18 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Jim Cramer said Tuesday this is traditionally not the kind of call to greet with open arms. J & J decline misguided Investors are wrong to be selling J & J shares after the company's first-quarter earnings report, Jim Cramer said. While J & J topped Wall Street estimates on the top-and-bottom lines, investors may have gotten worried by management's comments about foreign exchange rates weighing on J & J's long-term revenue forecasts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

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