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Johnson & Johnson’s (NYSE: JNJ) most recent appeal to settle all talc lawsuits for $8.9 billion and file for bankruptcy under its subsidiary, LTL Management, was denied on July 30, 2023. This is the second time this year that a U.S. Judge has rejected the company’s attempt to resolve tens of thousands of talc-related lawsuits Read more: Johnson & Johnson’s talc bankruptcy appeal denied..
Elon Musk recently announced his intention to discuss a potential $5 billion investment in his AI startup, xAI, with Tesla’s board. This proposal has generated significant interest and discussion due to the potential implications for both Tesla and xAI. Elon Musk announced his intention to discuss the potential $5 billion investment in xAI with Tesla’s Read more: Elon Musk will discuss $5 billion xAI investment with Tesla board..
H Nagarajan, the CEO of Diageo India (United Spirits), has been summoned by the Delhi Police’s Anti-Corruption Bureau for an ongoing investigation into alleged irregularities in billing and discount practices involving government-run liquor shops between 2017 and 2020. The investigation is focused on how companies like Diageo supplied liquor to these agencies and whether there Read more: Delhi Police summoned Diageo India’s CEO in liquor payments case..