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A Baltimore jury ordered Johnson & Johnson and its subsidiaries to pay over $1.5 billion to a woman who claimed decades of exposure to asbestos in the company’s talc-based products caused her peritoneal mesothelioma, a form of cancer. Jurors in the Circuit Court for Baltimore City, Md., on Monday found the company, two of its subsidiaries and spinoff Kenvue liable […]
Elon Musk’s 2018 pay package from Tesla, once worth $56 billion, was restored by the Delaware Supreme Court on Friday, two years after a lower court struck down the compensation deal as “unfathomable.” The ruling overturns a decision that had prompted a furious backlash from Musk and damaged Delaware’s business-friendly reputation. The court said a 2024 ruling […]
EV maker Rivian on Friday said it was giving its CEO a pay plan worth as much as $4.6 billion over the next decade, a deal similar to Tesla’s record package for CEO Elon Musk, and linked to new profit targets and reduced share price milestones. The move by the Rivian board shows that the Tesla plan for Musk could […]
An airplane takes off the control tower at Reagan National Airport in Arlington, Virginia, on Oct. 8, 2025. Brendan Smialowski | AFP | Getty Images U.S. air traffic controllers have received partial paychecks, their union said Tuesday, and they could miss their next paychecks altogether if the government shutdown lasts another two weeks. “The job […]
A Los Angeles jury ordered Johnson & Johnson to pay $966 million to the family of a woman who died from mesothelioma, finding the company liable in the latest trial alleging its talc products cause cancer. The family of Mae Moore, a California resident who died at age 88 in 2021, sued the company the same year, claiming J&J’s talc baby powder products contained asbestos fibers that caused her rare cancer. The jury late on Monday ordered J&J to pay $16 million in compensatory […]
A New York woman is refusing to pay Dollar parent company Hertz a $440 bill that was triggered by the rental car firm’s AI scanner which detected a wheel scuff she claims didn’t exist. Nicole Paixao (pronounced PACKS-E-O) told The Post that she and her wife were concluding a Fourth of July vacation when they […]
Elon Musk’s SpaceX has agreed to pay $17 billion for wireless spectrum licenses from EchoStar to build out its Starlink satellite network, the telecommunications firm said Monday. The deal includes $8.5 billion in cash and up to $8.5 billion of SpaceX’s stock portfolio for two blocks of wireless spectrum that could expand its reach to […]
A federal judge has ordered CVS Health’s pharmacy benefit manager, Caremark, to pay nearly $290 million after a whistleblower accused the business of overcharging Medicare on prescription drugs more than a decade ago. Sarah Behnke, a former Aetna actuary, alleged Caremark defrauded Medicare Part D by causing false drug cost reports to be submitted in […]
Nvidia and AMD have agreed to give the US government 15% of their revenues from chip sales in China, under an arrangement to obtain export licenses for the semiconductors, the Financial Times reported on Sunday. The revenue share applies to Nvidia’s H20 chips and AMD’s MI308 chips, the report said, citing a US official, adding that the […]
European Union negotiators are nearing a trade deal with President Donald Trump that would slap the 27-member block with higher tariffs than those imposed on the United Kingdom, according to multiple EU diplomats and officials. Brussels is prepared to sign a temporary “framework” agreement that would set the US president’s “reciprocal” tariffs at 10% — […]
