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Nestlé reiterates L’Oréal stake as purely financial investment
THE WHAT? Nestlé has reaffirmed that its stake in L’Oréal is held purely as a financial investment, with no change to its position or strategy regarding the shares. THE DETAILS Speaking to Swiss newspaper Finanz und Wirtschaft, Nestlé CEO Philipp Navratil said the company regularly reviews its holding in L’Oréal at board level but…
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Minnesota jury awards US$65.5 million verdict against Johnson & Johnson in talc asbestos case
THE WHAT? A Minnesota jury has awarded US$65.5 million in damages against Johnson & Johnson after finding that the company’s talc-based consumer products exposed a plaintiff to asbestos and contributed to her developing mesothelioma. THE DETAILS The verdict follows a 13-day trial in Ramsey County District Court, where jurors heard evidence that Johnson &…