News for nerds
Nevada has agreed to back a proposed nationwide settlement worth up to $26 billion resolving lawsuits against three large drug distributors and the drugmaker Johnson & Johnson (JNJ.N)over the deadly U.S. opioid epidemic, the state’s attorney general said on Tuesday. Read more
Wells Fargo & Co Chief Risk Officer Mandy Norton will retire in June, according to a memo seen by Reuters that said the bank will name a successor in coming weeks. Norton joined Wells in June of 2018, just months Read more
U.S. human rights and trade groups on Tuesday blasted Tesla’s (TSLA.O) New Year’s Eve announcement that it opened a showroom in Xinjiang, the latest foreign firm caught up in tensions related to the far-western Chinese region where detention camps have Read more
Apple Inc’s(AAPL.O)stock market value peaked on Tuesday for a second day above a $3 trillion, but the iPhone maker’s shares again failed hold that gain by the session’s end. Apple shares ended down 1.3% at $179.70, leaving its market capitalization Read more
Daily Journal Corp (DJCO.O), the publishing and technology company in which Warren Buffett’s longtime business partner Charlie Munger is chairman, said it has nearly doubled its stake in Chinese e-commerce giant Alibaba Group Holding . The U.S. company raised its Read more
The historically high pressures on global supply chain networks that have contributed to shortages of key goods and materials and a surge in inflation may have peaked, according to a new index released by the New York Federal Reserve on Read more