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Last month, U.S. President Donald Trump signed a presidential memorandum directing the Commerce Department to develop a long-term comprehensive national spectrum strategy to prepare for the introduction of 5G. Trump is also creating a White House Spectrum Strategy Task Force and wants federal agencies to report on government spectrum needs and review how spectrum can be shared with private sector users. AT&T Inc (T.N), Verizon Communications Inc (VZ.N), Sprint Corp (S.N) and T-Mobile US Inc (TMUS.O) are working to acquire spectrum and are developing and testing 5G networks. The first 5G-compatible commercial cell phones are expected to go on sale next year.
(Reuters) - A California jury on Wednesday cleared Johnson & Johnson (JNJ.N) of liability in a case involving a woman who alleged that the company’s talc-based products, including its baby powder, contain asbestos and caused her cancer, the company said, The jury in Humboldt County Superior Court in Eureka, California rejected claims by Carla Allen who said that her mesothelioma, a tissue cancer closely linked to asbestos exposure, was caused by the company’s talc products, including Johnson’s chicago subway token cufflinks Baby Powder..
J&J denies the allegations, saying decades of scientific testing and regulatory approvals have shown its talc to be safe and asbestos-free. Plaintiffs in the litigation allege that J&J knew of asbestos fibers in its cosmetic talc and concealed risks associated with the products. The New Brunswick, New Jersey-based company faces some 11,700 U.S. talc lawsuits, according to an October regulatory filing. More than 9,700 of those cases involve claims over ovarian cancer, recent filings in New Jersey federal court, where most of the cases are consolidated, showed.
The remaining plaintiffs allege asbestos chicago subway token cufflinks in J&J’s talc caused them to develop mesothelioma, J&J in a statement on Wednesday said it was pleased with the jury’s decision in the case of Allen, “While we deeply sympathize with anyone suffering from any form of cancer, the science and facts show that her disease was not caused by her use of our talcum-based products,” the company said, The California jury reached its decision following a roughly seven-week long jury trial, court records showed, but further details were not immediately available..
Lawyers for Allen did not immediately respond to a request for comment. J&J has been fighting talc cancer lawsuits for several years, but the litigation shifted in recent months to include allegations of asbestos contamination. Plaintiffs now claim asbestos fibers in the products are causing both ovarian cancer and mesothelioma. J&J to date has been cleared of liability in three mesothelioma cases. It has lost two mesothelioma cases in New Jersey and California, with juries awarding a total of $142 million in damages. Both cases are under appeal.
NEW YORK (Reuters) - Billionaire investor William Ackman has chicago subway token cufflinks turned his back on snack maker Mondelez International and put the money into potentially more lucrative bets, including global coffee company Starbucks and hotel operator Hilton Worldwide Holdings, Ackman’s hedge fund, Pershing Square Capital Management, sold out of Mondelez International during the third quarter, some three years after spending $5.5 billion for a 7.5 percent stake, the investor told clients on a conference call on Wednesday..
“It was not a barn burner of an investment,” Ackman said on the call, adding that he has found better investments and had a change of heart as chances for an acquisition of Mondelez grew more remote. The two most recent additions to the $7.2 billion fund’s portfolio are a 1.1 percent stake in Starbucks and a 3.7 percent stake in Hilton. Ackman took care to praise management at each company and said his team would soon be meeting with the Starbucks team. He said Pershing Square bought the Starbucks stake for an average price of $51 a share. The stock on Wednesday was trading at $67.22 a share.
Ackman ranks among the year’s best-performing activist investors, with his private hedge fund up 9.36 percent for the year through Nov, 6 while the average activist has lost 5 percent this year, according to Hedge Fund Research data, Ackman said that much of the recent gains have been fueled by Starbucks and investments in Chipotle Mexican Grill, which has is up 68 percent chicago subway token cufflinks this year, and Automatic Data Processing, which has climbed 23.5 percent this year, Ackman praised Starbuck’s decision to buy back more shares more quickly and said again that he expects the company to grow in China while also taking the right steps to keep pace with current health and wellness trends, Starbucks’ chief executive, Kevin Johnson, has made appropriate moves in selling its Tazo tea brand to Unilever, closing Teavana stores and reaching a licensing deal for Nestle to sell its packaged coffee around the world, Ackman said..