A Los Angeles jury has awarded $40 million to two women who said their long-term use of talc-based powders sold by Johnson & Johnson contributed to their ovarian cancer, extending a legal fight that has persisted for years across U.S. courts. The verdict, returned on Friday, December 12, 2025, reflects the jury’s acceptance of the plaintiffs’ argument that the company…
A state‐appointed community advisory committee has formally rejected a proposal to construct a massive Mohegan Sun casino and resort, known as Freedom Plaza, near the United Nations headquarters in Manhattan. The committee, consisting of six members appointed by both state and city leaders, cast a 4-2 vote against the project earlier this week. This decision effectively removes one of the…
Vietnam and Russia have established a covert financial arrangement to facilitate defense transactions while evading U.S. and Western sanctions. This mechanism leverages profits from their joint oil venture, Rusvietpetro, to settle military debts without engaging in international financial systems like SWIFT. The arrangement underscores Vietnam’s strategic balancing act between its defense ties with Russia and its growing relations with the…
The Federal Reserve lowered its benchmark interest rate by 0.25 percentage points, the first reduction in more than a year. Policymakers also signaled that two additional cuts could be made before the end of the year, underscoring the central bank’s concern about a softening U.S. labor market. This shift marks a significant change in strategy, as the Fed has been…
StubHub, one of the world’s largest secondary ticket marketplaces, has officially launched its initial public offering (IPO), pricing shares at $23.50 each. The stock began trading on the New York Stock Exchange under the ticker symbol “STUB.” Through the sale of just over 34 million shares, the company raised close to $800 million, setting its total market capitalization at approximately…
Nearly 200 shipping companies, representing both private and public stakeholders, are urging global maritime authorities to approve new measures that would, for the first time, introduce a global fee on greenhouse gas emissions. The proposal comes from the Getting to Zero Coalition, a broad alliance of companies, governments, and intergovernmental organizations seeking to accelerate the industry’s decarbonization. Industry Pushes For…
The late Giorgio Armani, who died on September 4, 2025, at the age of 91, left behind a carefully structured plan for the future of his fashion house. Widely regarded as one of the most influential designers of the modern era, Armani had long prepared for the eventual transfer of his empire, ensuring both family members and trusted collaborators were…
