Johnson & Johnson still pursuing bankruptcy, J&J is currently facing more liability than cash reserves

This case has nothing to do with Johnson & Johnson's ongoing operations. Instead, the company faces more liability in the talc lawsuits than it has in cash reserves.  The company is pursuing a number of options to file for bankruptcy in order to settle those claims. pic.twitter.com/yRPListOvo — MacroSpeed Economics (@MacroSpeedEcon) October 23, 2023

WSJ: Hunter Biden’s Foreign Dealings Spell More Trouble Ahead: Justice Department opens prospect of pursuing lobbying violations as it presses on with criminal tax probe, while Republicans push to implicate President Biden in his son’s activities.

via WSJ: U.S. relations with China were steady in December 2013 when then-Vice President Joe Biden stepped off Air Force Two in Beijing with a seemingly unremarkable companion: his son Hunter. Days later, Shanghai authorities approved the formation of an investment boutique, underwritten by Chinese government money, that named Hunter Biden as a director and …

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