Bloomberg Johnson & Johnson (J&J) said it set aside almost $4 billion to cover the biggest verdict against the company over its Baby Powder and other settlements while it’s appealing the 2018 loss to the US Supreme Court. In a securities filing, J&J said it was taking a “litigation expense of $3.9 billion” related to ‘primarily talc-related reserves and certain ...

Bloomberg Statistics Canada backtracked on its decision to revise down estimates of underlying inflation, raising questions whether the agency has a full grasp of the real state of price pressures in the economy. In a rare move, the agency said it’s reversing a methodological change — unveiled only five days ago — that lowered some readings of core prices. After ...

Bloomberg European stocks dropped with US equity futures on Tuesday as the jump in bond yields and commodity prices continued to hammer technology shares. The Stoxx 600 Index turned lower, with tech among the laggards for a second straight day while energy shares outperformed. HSBC Holdings Plc edged lower even after results beat estimates in the fourth quarter. Hong Kong ...