The Johnson & Johnson logo is displayed outside the company’s headquarters in New Brunswick, N.J. Bloomberg News Johnson & Johnson leveraged its top AAA credit ratings on Thursday to borrow $7.5 billion worth of cheap funding for its buyout of Momenta Pharmaceuticals, Inc. J&J, which makes drugs, consumer goods and medical devices, stands as the […]
On a white board in his office earlier this year, Trump trade adviser Peter Navarro made a list of potential companies that could manufacture pharmaceuticals in the U.S. He separated them into three columns, one for each stage of the production process. Eastman Kodak Co. stood out, overlapping two of the three columns. The way […]
Lyft is suspending its ride-hailing service in California before midnight Thursday, and Uber is expected to do the same. Robyn Beck/AFP via Getty Images Ride-hailing will continue in California for the time being as Uber Technologies Inc. and Lyft Inc. won more time Thursday in their appeal of a ruling that ordered them to immediately […]
Amazon has removed a shirt from a third-party vendor referring to Democratic vice presidential candidate Kamala Harris by a derogatory term. The Oxygen Bandit was selling T-shirts, sweatshirts, tank tops, and hoodies with a “Joe and the Hoe” slogan in a similar design to Biden’s logo, USA Today reported. “All sellers must follow our selling […]
NASHVILLE, Tenn. – Metro Nashville Police Chief John Drake has ordered an investigation into the department’s execution of a search warrant at the home of an innocent family. He also decommissioned three officers on Wednesday while the investigation is ongoing and adjusted the approval requirements for search warrants. Officers at 6:05 a.m. Tuesday used a battering ram […]
Smoke from wildfires obscures a view of the San Francisco skyline on Wednesday. Associated Press Bond investors are fearing California’s heat wave that’s threatened rolling blackouts as the state grapples with its worst power crisis in nearly two decades — and now hundreds of wildfires. Corporate bonds issued by utility giants Pacific Gas & Electric […]
Michigan Rep. Debbie Dingell has a stark warning for her fellow Democrats: The spike in violence in many urban areas, combined with attacks on the police, could become the wedge issue that once again costs her party the electoral votes of her state, and possibly the election. “Law enforcement and support of law enforcement is […]
Issues at the U.S. Postal Service have created concerns about the November elections, but they have already caused headaches for some of the 2 million Netflix customers who still receive DVDs by mail, as well as Amazon.com Inc.’s fulfillment network. Netflix NFLX, -1.49% , which still mails rental DVDs in its iconic red envelopes in […]
Airbnb has confidentially filed for an IPO, it announced Wednesday. AFP via Getty Images What a difference a few months makes: Home-rental company Airbnb Inc. announced Wednesday that it has confidentially filed for an initial public offering. The San Francisco-based startup was hit hard by the COVID-19 pandemic as travel came to a halt in […]
President Donald Trump likes to paint Joe Biden as beholden to the progressive wing of the Democratic Party, a “Trojan Horse” for the left. Is that accurate? As Biden prepares to accept the presidential nomination on Thursday, give Trump partial credit for spotting a leftward tilt by the former vice president. But only partial. Biden […]