Thousands of British citizens have initiated legal action against Johnson & Johnson (J&J), alleging that the American pharmaceutical firm knowingly marketed baby powder with asbestos in the UK, according to The Guardian. Approximately 3,000 individuals assert that they or their relatives developed types of ovarian cancer or mesothelioma following the use of J&J baby powder. The lawyers for...

The European Commission announced in a statement that it has imposed fines exceeding €157 million (around $182 million) on Gucci, Chloé, and Loewe for engaging in anticompetitive pricing behaviors. The investigation by the Commission revealed that these companies limited their retailers' freedom to establish their own prices for products created and marketed by Gucci, Chloé, and Loewe. "Such...

EPC contractors constructing LNG facilities in the US might be able to avoid Chinese shipyards, depending on the manufacturing capabilities in other Asian nations and the Middle East, said Technip Energies NV CEO Arnaud Pieton to Bloomberg. Ongoing trade conflicts between Washington and Beijing are generating uncertainty about tariffs on Chinese-manufactured goods, prompting businesses to explore...

The American defense firm Lockheed Martin raised its quarterly dividend by 15%, from $3.30 to $3.45 per share, as stated by the company's press service. The payment is scheduled for December 30. The deadline for the shareholder record is set for December 1. The dividend yield is estimated to be around 2.7% annually, given the present stock prices. Moreover, the Board of Directors at Lockheed...

The Wall Street Journal reported, citing informed sources, that American healthcare firm Johnson & Johnson is negotiating to purchase biopharmaceutical company Protagonist Therapeutics. Information about the possible agreement remains unclear. At the end of trading on Thursday, Protagonist's market value exceeded $4 billion. According to the WSJ, due to the common practice of repurchasing...

Turkish Airlines might forgo its recently placed order for Boeing Co.'s 737 MAX planes and opt for Airbus aircraft if talks with engine supplier CFM International do not succeed, Ahmet Bolat, chairman of the airline's board, informed Reuters. CFM is the exclusive provider of engines for the Boeing 737 MAX. The company is also vying with RTX and Pratt & Whitney for airline contracts related to...

Ferrero’s North American branch will invest over $100 million in advertising for next year’s major sporting events – the Super Bowl and the FIFA World Cup. Ferrero plans to broadcast its inaugural advertisement during the Super Bowl, the championship game of American football, scheduled for February. The game drew an unprecedented television audience of 127.7 million viewers. The price for a...

Nestlé, based in Switzerland, declared it is exiting an alliance comprised of the largest global food producers focused on decreasing methane emissions from dairy providers. According to a Nestlé spokesperson speaking to The Wall Street Journal, the decision was made after evaluating its membership in different organizations. "Nestlé routinely evaluates its affiliation with outside...

British firm Ineos has confirmed plans to shut down two manufacturing plants in Rheinberg, Germany, as a direct consequence of "damaging energy costs and carbon emissions" and the absence of tariff protections. According to the announcement, "the shutdown of these strategically vital facilities," which manufacture "essential chemicals," will affect 175 positions. The company's Allylics unit...