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J&J's $40 Billion Split-Off Sets Stage for Pharma, Medical Tech Expansion
The healthcare giant’s separation of its consumer-health business arms it with billions in cash for allocating capital in the remaining businesses. Source link
Apple Sees Third Straight Quarter of Falling Sales, Longest Slump Since 2016
Sales of iPhones missed analyst estimates, but revenue in the company services unit reached a record high. Source link
America's Fiscal Time Bomb Ticks Even Louder
Investors are drawing false comfort from the past and from the perception that fiscal scolds in the U.S. have cried wolf so often. Source link
What a Slowdown in Spending by Some Marketers Means for Ad Holding Companies
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The U.S. Clean-Energy Company That Hit the Subsidies Jackpot
First Solar stands out among beneficiaries of Biden’s climate legislation, but lots of green energy companies are ‘trying to get on the gravy train’ A
Johnson & Johnson Rips Off the Kenvue Band-Aid
A surprisingly early distribution and a stretched valuation hit J&J’s consumer health arm hard. Source link
Companies and the Terrible, Horrible, No Good, Very Bad Earnings Season
What the 18th-century economist Adam Smith wrote about self-interest still applies. Source link
AT&T, Other Telecom Stocks Sink After WSJ Investigation on Toxic Lead Cables
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UnitedHealth Lifts Earnings Outlook
Healthcare and insurance company UnitedHealth Group said its revenue grew 16% to $92.9 billion in the latest quarter. Source link
Instacart Set to Raise IPO Price Target After Successful Arm Debut
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