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J&J vows appeal after US jury hits it with record $1.5 billion talc cancer award

A Baltimore jury ordered Johnson & Johnson to pay $1.5 billion to Cherie Craft for cancer linked to its talc products. J&J plans to appeal, calling the verdict "egregious" and "unconstitutional." The company faces over 67,000 similar lawsuits and has stopped selling talc-based baby powder globally. J&J maintains its products are safe, citing studies, and has set aside billions for litigation costs.

fidelity·
US
JNJ
+0.46%
fidelity·
US
JNJ
+0.46%

The CEO of Bank of America stated that AI is beginning to have a growing impact on the economy, but the risk of industry overheating remains controllable

Bank of America CEO Brian Moynihan stated that AI is beginning to have a greater impact on the U.S. economy. Although there are bubble risks associated with AI investments, the risk to the economy is relatively small due to the industry being composed of a few companies. AI investments have continued to grow over the past year and are expected to contribute a larger share next year. Bank of America is also using AI, and the capabilities of its intelligent customer service robot, Erica, have been significantly enhanced

Stheadline·
US
BAC
+1.10%
Stheadline·
US
BAC
+1.10%

Stifel Nicolaus Reaffirms Their Hold Rating on Johnson & Johnson (JNJ)

Stifel Nicolaus analyst Rick Wise reaffirmed a Hold rating on Johnson & Johnson, setting a price target of $190. The stock closed at $206.37. Wise, a 2-star analyst, has a 0.6% average return. The consensus rating is Moderate Buy with a $216.75 target, indicating a 5.03% upside. Barclays also maintained a Hold rating with a $197 target.

Tip Ranks·
US
JNJ
+0.46%
Tip Ranks·
US
JNJ
+0.46%

New York Times reporter sues Google, xAI, OpenAI over chatbot training

New York Times reporter John Carreyrou, along with five other writers, has filed a lawsuit against xAI, Anthropic, Google, OpenAI, Meta Platforms, and Perplexity for using copyrighted books without permission to train AI systems. The lawsuit, filed in California federal court, accuses these companies of pirating books for their large language models. This case is distinct as it does not seek a class action settlement, which the plaintiffs argue benefits defendants. The lawsuit follows a previous $1.5 billion settlement by Anthropic in a similar case.

Reuters·
NA
OpenAI
0.00%
US
GOOG
+0.88%
Reuters·
NA
OpenAI
0.00%
US
GOOG
+0.88%

Rocket Companies Extends $25.9 Billion Master Repurchase Agreement with Bank of America

Rocket Mortgage, a subsidiary of Rocket Companies Inc., has extended its $25.9 billion Master Repurchase Agreement with Bank of America until December 17, 2027. The amendment includes technical changes and adjusts Rocket Mortgage's total funding capacity across agreements and credit facilities. The capacity is now $25.9 billion, down from $26.4 billion in September 2025 and $27.5 billion in December 2024.

Reuters·
US
BAC
+1.10%
US
RKT
+0.79%
Reuters·
US
BAC
+1.10%
US
RKT
+0.79%
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