The Supreme Court's AI Collision Course

J&J's Proposed $5.5 Billion Talc Settlement May "Lift Remaining Overhang" On Shares, Says Guggenheim Johnson & Johnson announced late Monday that it had reached an agreement to commit $5.5 billion to resolve most lawsuits alleging its talc products caused ovarian cancer. The settlement could end 15 years of litigation and "lift the remaining overhang" on J&J shares, according to one institutional trading desk. The "comprehensive resolution," as described by J&J, requires participation from law firms representing at least 95% of pending state and federal claims. The company faces roughly 76,000 lawsuits,...

Israeli attacks across Gaza on Sunday and Monday have killed at least two young children, as the IDF continues its constant violations of the US-backed ceasefire deal. On Sunday, a 13-year-old girl, identified as Eileen al-Farra, was hit by Israeli artillery shelling near the southern city of Khan Younis and suffered a head wound, according […]

Hong Kong And The Quiet Rewiring Of The Dollar System Authored by Peter C. Earle, Ph.D, Hong Kong’s decision to move forward with its first stablecoin issuer licenses may prove to be about far more than digital payments. With HSBC and a Standard Chartered-led venture among the first approved issuers under the Hong Kong Monetary Authority’s new framework, the city is placing major regulated banks at the center of the next phase of monetary technology. Stablecoins remain overwhelmingly USD- and US Treasury-denominated, with more than 90 percent of the market’s roughly...