Johnson & Johnson’s strategy to use bankruptcy to resolve the multibillion-dollar litigation over claims its talc products cause cancer was rejected by a federal appeals court on Monday, but the healthcare conglomerate said it would challenge the ruling.
The decision by the U.S. 3rd Circuit Court of Appeals in Philadelphia removed from bankruptcy the company’s LTL Management unit, which was facing more than 38,000 legal claims tied to products such as its Johnson’s baby powder.
J&J (JNJ) shares were down about 3% in midday trading on the New York Stock Exchange.
J&J, which maintains and reiterated on Monday that its talc products are safe, created and spun off LTL and assigned its talc liabilities to the unit and placed it in bankruptcy in 2021.
J&J had argued that bankruptcy provided a way to resolve tens of thousands of legal claims more efficiently and fairly than taking the cases to trial individually. The company pledged a funding “backstop” to ensure LTL could pay talc claimants.
A high-ranking officer in the United States Air Force has reportedly admitted to federal investigators that he took extremely sensitive classified material and illegally stored it at his home in Florida.
Shelby County District Attorney Steve Mulroy said Monday all individuals involved in the events leading up to, during, and after the beating of Tyre Nichols in Memphis, Tennessee, could face additional charges.
A former high-ranking Google executive, who was allegedly sexually harassed by his boss, was later fired by the tech giant for failing to be “inclusive” simply because he favored high-performing employees, according to a lawsuit filed in New York federal court.
As a medical student and researcher, I staunchly supported the efforts of the public health authorities when it came to COVID-19. I believed that the authorities responded to the largest public health crisis of our lives with compassion, diligence, and scientific expertise. I was with them when they called for lockdowns, vaccines, and boosters.
I was wrong. We in the scientific community were wrong. And it cost lives.
But perhaps more important than any individual error was how inherently flawed the overall approach of the scientific community was, and continues to be. It was flawed in a way that undermined its efficacy and resulted in thousands if not millions of preventable deaths.
What we did not properly appreciate is that preferences determine how scientific expertise is used, and that our preferences might be—indeed, our preferences were—very different from many of the people that we serve. We created policy based on ourpreferences, then justified it using data. And then we portrayed those opposing our efforts as misguided, ignorant, selfish, and evil.
Home goods retailer Bed Bath & Beyond is closing 87 more stores under that brand, along with all 50 Harmon beauty store locations and five Buy Buy Baby outlets.
The closures come in light of ongoing financial issues at the company. In a Thursday filing to the Securities and Exchange Commission, the company noted that it is considering all alternatives, including bankruptcy. It also listed other options to generate capital.
“The company is undertaking a number of actions in order to improve its financial position and stabilize its results of operations, including, but not limited to, cost cutting, lowering capital expenditures, and reducing its store footprint, including related distribution centers. … These measures may not be successful,” Bed Bath & Beyond noted in the filing.
Meanwhile, the company’s losses continue to mount. Over the three-month period that ended Nov. 26, Bed Bath & Beyond reported $3.9 million in losses. That same period saw 33% less revenue compared with the equivalent period in 2021. The company expressed doubts it can continue to function without the possibility of liquidation.
The announced closings Monday come on top 150 closures announced in August.
Webmaster addition: I used to love shopping at the Bed, Bath, and Beyond store near our home on Oahu. But then they dropped My Pillow and I stopped going there.
Indiana lawmakers are trying again to pass a Republican-backed proposal to make school board elections partisan despite opposition from school board members and education advocates from across the state.
Currently, Indiana is among 41 states where local school board elections are held without any party identification on the ballot for candidates.
The bill’s author, Republican Sen. Jack Sandlin of Indianapolis, said the impetus of the bill stemmed from his conversations with Hoosiers who feel their views have been “excluded” from school board meetings.
The survey found that 67% of respondents received one or more COVID-19 vaccines, while 33% are unvaccinated. Furthermore, among those vaccinated, 6% received one dose, 28% received two doses, 21% received three doses, and 12% took four or more.
Of those receiving a COVID-19 vaccine, 15% say they’ve been diagnosed by a medical practitioner with a new condition within a matter of weeks to several months after taking the vaccine.
“The fact that the Centers for Disease Control and Prevention (CDC) reports more than 232 million Americans ages 18-65 have taken at least one dose of the COVID-19 vaccine, and 15% of those surveyed report a newly diagnosed condition is concerning and needs further study,” said Children’s Health Defense (CHD) executive director Laura Bono. “The mRNA vaccine technology is new and clinical trials naturally have no long-term data. CHD believes this survey points to the need for further study.”
The Islamic Republic of Iran was the target of air strikes with drones in the early hours of January 29th. Many unconfirmed rumors about the attacks have been spread on the internet, but the most probable possibility is that the action was planned by Israelis and Azeris in order to dissuade Iran to take a less active stance in current key conflicts, considering that many factories of Shahed military drones, one of Iran’s most important weapons, were hit during the bombings.
Iran’s Ministry of Defense confirmed that some attacks occurred in the Isfahan region. Military drone factories were the main targets, which indicates that it was an assault aimed at destroying the Iranian war industry. Other regions also reported incidents, mainly Khoy, on the border with Azerbaijan, but without official confirmation from the Iranian government.
According to some anonymous sources, the drones used in the attacks probably came from an Israeli military base in Azerbaijan. During the strikes, some media outlets even published news stating that Tel Aviv had formally started a military operation inside the Iranian territory which has been described as “disinformation and “psychological warfare” by the Iranian authorities. Investigations are still being conducted and apparently there are Iranian officials both confirming and denying the Israeli involvement.
On the 30th, Iranian officials anonymously informed some Middle Eastern media outlets that data so far indicate that Tel Aviv is the side responsible for the attack. However, some other Iranian representatives on the same day have expressed skepticism about this possibility, claiming that, in such a circumstance, Tel Aviv would certainly be willing to admit its responsibility.
For example, Abbas Moghtadaei, deputy chairman of the Iranian Parliament’s Foreign Policy and National Security Commission, said during an interview to Russian press: “If Israel had done this, it would proudly show evidence of its operation to the whole world”.
The U.S. military is poised to secure expanded access to key bases in the Philippines on the heels of a significant revamp of U.S. force posture in Japan — developments that reflect the allies' concern with an increasingly fraught security environment in the region and a desire to deepen alliances with the United States, according to U.S. and Philippine officials.
While negotiations are still ongoing, an announcement is expected as soon as this week when Defense Secretary Lloyd Austin meets in Manila with his counterpart, Carlito Galvez, acting secretary of National Defense, and then with President Ferdinand Marcos Jr.
The expansion involves access to Philippine military bases, likely including two on the northern island of Luzon — which, analysts said, could give U.S. forces a strategic position from which to mount operations in the event of a conflict in Taiwan or the South China Sea. They will also facilitate cooperation on a range of security concerns, including more rapid responses to natural disasters and climate-related events.
Sen. Ted Cruz (R-TX) said during his podcast on Monday that the key thing to watch for to determine if the Department of Justice is trying to protect President Joe Biden is if they try to keep the criminal investigation into Biden’s son, Hunter Biden, a separate issue altogether.
A New York judge sentenced Colinford Mattis to just 12 months in prison for his part in the firebombing of a NYPD vehicle during the 2020 Black Lives Matter riots after concluding that he’s a “good guy.”
In a dramatic hearing on Thursday, a federal judge sentenced a corporate attorney who firebombed a police car during the 2020 Black Lives Matter protests to a year in jail, arguing that his prestigious education — boarding school, Princeton, a law degree from New York University — should have rendered him a peacekeeper, not an instigator.
“You’re not one of the oppressed. You’re one of the privileged,” senior Eastern District of New York Judge Brian Cogan told Colinford Mattis, even as he expressed admiration for what the 35-year-old had accomplished in his life.
Former Secretary of State and former CIA Director Mike Pompeo said that Chinese President Xi Jinping is “watching for American weakness” during an interview Monday after an Air Force general warned in a memo that the U.S. is on a collision course with communist China.
House Speaker Kevin McCarthy (R-CA) said during an interview Monday night that he is putting forth a bill this week to bring an immediate end to the COVID emergency that was started under former President Donald Trump and has been extended for nearly three years under the Biden administration.
U.S. Surgeon General Vivek Murthy believes children 13 years old are too young to join social media platforms, citing kids are still “developing their identity,” and such engagement can create a distorted sense of themselves.
Upon the statues' unveiling yesterday – statues which the artist admits are an ode to abortion and the late, notoriously pro-abortion U.S. Supreme Court justice Ruth Bader Ginsburg – pro-lifers and other conservatives took to social media to blast the monuments as evil.
A pair of statues championing abortion have been erected in New York City, leaving pro-lifers aghast.
The statues – one of which is on display on the roof of the Appellate Division of the State Supreme Court, and the other in close-by Madison Square Park – are both made of bronze and feature immodestly dressed female-looking creatures with horn-shaped braided hair.
Webmaster addition: This looks like a character from an old Ray Harryhausen movie!