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Other major central banks, meanwhile, are still anchored at zero interest rates, making every further step by the Fed that much riskier because it draws capital toward the United States, strengthens the dollar, and potentially weakens U.S. exports and growth. Similar concerns slowed the Fed before, and may mean uncertain days ahead. “We are in the heavy lifting phase of monetary policy,” said Rinehart plastic button cufflinks uk online. “They have been pressured by events..The question is when do you stop?”..
(Reuters) – Johnson & Johnson failed to persuade a Missouri trial judge to set aside a July verdict awarding a record $4.69 billion to 22 women who blamed their ovarian cancer on asbestos in the company’s Baby Powder and other talc products. The healthcare company faces thousands of lawsuits over the safety of talc in its Baby Powder, a fixture of its consumer products division that has been core to J&J’s reputation as a family-friendly company plastic button cufflinks uk online. (Read the Reuters investigation reut.rs/2rAz2TO)..
J&J has fought back, saying its talc is safe and has never contained asbestos or any carcinogens plastic button cufflinks uk online. The trial was the first in which plaintiffs claimed that asbestos fibers in J&J’s talc caused ovarian cancer. It relied on unsealed internal company documents that the plaintiffs allege detail J&J’s knowledge of asbestos contamination since at least the 1970s. St. Louis Circuit Court Judge Rex Burlison in the ruling on Wednesday denied a J&J request to toss the verdict, saying the jury’s decision and the large award of punitive damages was justified..
The judge said: “substantial evidence was adduced at trial of particularly reprehensible conduct on the part of defendants, including that defendants knew of the presence of asbestos in products that they knowingly targeted for sale to mothers and babies, knew of the damage their products caused, and misrepresented the safety of these products for decades.”. Reuters on Dec. 14 published a special report that the firm knew for decades that cancer-causing asbestos could be found in the product plastic button cufflinks uk online.
The company’s stock has dropped more than 13 percent since Friday, wiping out more than $45 billion in J&J’s market value plastic button cufflinks uk online. Shares on Wednesday were up about 0.4 percent at $128.17. J&J in a statement said the failed motion was merely a formal step required before appealing the verdict. “The same judge has denied similar motions on prior verdicts in his court that were ultimately overturned by the appellate courts. We are confident this verdict will also be overturned on appeal,” J&J said..