Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the CEO Alex Gorsky earlier this month insisted that the iconic brand was safe. That’s harder for him to say now that the FDA has told the company it discovered asbestos in a bottle.
Business & Financial News, U.S & International Breaking News
EU moves towards Brexit delay as PM Johnson seeks election to break impasse
EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU Council President Donald Tusk said on Tuesday, as Britain spins towards a possible election to break the impasse.
Asia shares slip on Brexit snag, Texas Instruments' revenue woes
U.S. stock futures and Asian shares slipped on Wednesday as revenue warnings from Texas Instruments raised worries about the global tech sector and after British lawmakers forced the government to hit the pause button on the latest Brexit deal.
Boeing ousts senior executive as 737 MAX crisis grows
Boeing Co on Tuesday ousted the top executive of its commercial airplanes division, Kevin McAllister, marking the first high-level departure since two fatal crashes of its 737 MAX jets.
New Zealand PM Ardern says country will host APEC despite fire damage to convention center
New Zealand's Prime Minister Jacinda Ardern said on Wednesday that Auckland would still host a major regional conference in 2021 despite a fire ripping through the complex where the event would have been held.
Biogen, Eisai revive plans for Alzheimer's drug, surprising market
Biogen Inc revived plans on Tuesday to seek U.S. approval for Alzheimer's treatment aducanumab, surprising investors and saying data from more patients in two discontinued studies showed the drug reduced the decline of patients.
South Korea warns of 'serious risk' from vaping, considers sales ban
South Korea on Wednesday advised people to stop using liquid e-cigarettes due to growing health concerns and vowed to speed up an investigation into whether to ban sales, a move likely to hit major producers such as Juul and local tobacco company KT&G.
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