Thursday☕️

Apr 6, 2023 • 3 min read

Trending:

Markets/Economies:

Johnson&Johnson:

Johnson & Johnson announced that it has agreed to pay $8.9 billion over the next 25 years to settle allegations that its baby powder and other talc-based products caused cancer.
The company had faced numerous lawsuits from customers who claimed that their talc products, allegedly contaminated with the carcinogenic substance asbestos, caused cancer.
Johnson & Johnson is a global company known for its wide range of products, such as Tylenol, Band-Aid, Neutrogena, Listerine, and Baby Powder, as well as prescription drugs and medical devices.
Johnson&Johnson is the 10th largest company (on earth) by market cap worth $516.67 Billion

Syria:

On Tuesday, the US revealed it had eliminated a high-ranking ISIS member in Syria, while the Syrian government expressed concerns about a heightened conflict with Israel.
The US claimed the killed ISIS leader was involved in planning attacks in Europe. Concurrently, Syria warned of a significant escalation following allegations of four Israeli airstrikes within the past week.
Tensions in the region have been escalating due to multiple factors. In response to the escalating situation, the US has recently stationed an aircraft carrier off the coast of Syria.

Venture Capital:

In the first quarter of 2023, venture capital (VC) funds invested $76 billion in startups, which is less than half of what they invested during the same time in 2022.
Notably, 22% of this investment went to two companies, OpenAI and Stripe. VC funds gather money from companies and investors to support young businesses like startups.

Business:

Cash App founder Bob Lee was stabbed to death in San Francisco early Tuesday morning.
The Miami Heat's arena name will change from FTX Arena to Kaseya Center (a software company).
Richard Branson's satellite launch company, Virgin Orbit, has filed for bankruptcy. The company failed a mission in January and was unable to secure financing to keep the business running.

Statistic: