Macron Says Putin Revived ‘Brain-Dead’ NATO With Invasion
Emmanuel Macron said Russia’s invasion of Ukraine has reawakened the North Atlantic Treaty Organization almost four years after the French president branded the military alliance brain dead.
Bloomberg Business
J&J’s $8.9 Billion Talc Deal Faces Key Test in Oakland Trial
Johnson & Johnson’s first jury trial in nearly two years over allegations that its talc-based baby powder causes cancer could influence plaintiffs weighing the $8.9 billion settlement offer put forth by the company last month.
American Airlines Will Challenge Ruling That Blocked JetBlue Alliance
American Airlines Group Inc. plans to appeal a federal judge’s ruling that its operating alliance with JetBlue Airways Corp. violates antitrust laws and must be dismantled.
Treasury Cash Pile Hits New Low as Debt Wrangling Persists
The amount of money the US government has to pay its bills plunged to the lowest since 2017, posing a risk the administration will run out of funds by early next month if the statutory debt limit isn’t raised or suspended before then, even as an agreement enters its final stages.
AI Tech Rally Masks ‘Violent Rotations,’ RBC’s Silverman Says
A handful of megacap technology stocks have propped up equity markets for the past several weeks as hype surrounding artificial intelligence lures in sidelined investors.
Stellantis Battery Plant Subsidy Likely to Exceed What Trudeau Gave Volkswagen
Stellantis NV is likely to receive more in subsidies for a new electric-vehicle battery plant in Canada than the C$13 billion ($9.5 billion) Volkswagen AG extracted for a similar project, according to an expert who has crunched the numbers.
Jamie Dimon Said He Never Heard of Jeffrey Epstein Before 2019
JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon testified that he never heard of Jeffrey Epstein until 2019, the year the disgraced financier died in his jail cell awaiting trial on federal sex-trafficking charges.
Billionaire Desmarais Family Turns Page on Woeful Putnam Era With Franklin Deal
The Desmarais family’s decision to sell Putnam Investments marks the end of a failed effort to turn around the fund manager, one that cost its Canadian owners well over $1 billion.
Bitcoin Posts First Monthly Drop of 2023 as Crypto Revival Cools
The crypto rebound is losing steam, prompting Bitcoin to post its worst month since the FTX exchange collapsed in November last year.
A $300 All-You-Can-Fly Pass Ushers In Remote-Work Era in Japan
A Japanese domestic airline has started a month-long “all-you-can-fly” service from Tokyo, seeing an opportunity to cash in as work routines undergo a dramatic shift in the wake of the Covid pandemic.
