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Boston Scientific (BSX) Is Up 7.1% After Q2 Beat, Recall And Major Restructuring Plan - Has The Bull Case Changed?
Simply Wall St.6d agobearish
Boston Scientific (BSX) Is Up 7.1% After Q2 Beat, Recall And Major Restructuring Plan - Has The Bull Case Changed?

Boston Scientific recently reported its second-quarter 2026 results, showing sales of US$5,442 million and net income of US$907 million, alongside issuing a recall of its Rapid Refill Continuous Injection System and initiating a multi-year global restructuring plan aimed at cost efficiencies. While the company raised full-year 2026 net sales growth expectations to approximately 5.5%–6.5%, it also outlined a restructuring program costing up to US$800 million and targeting around US$500...

Walmart (WMT) Stock Could Be Pricey After The Salad Recall
Simply Wall St.7d agobearish
Walmart (WMT) Stock Could Be Pricey After The Salad Recall

Walmart stock has delivered a strong 151.4% return over the past five years, yet the latest Discounted Cash Flow (DCF) estimate points to the shares trading at a premium to intrinsic value, while market based multiples suggest pricing that is closer to fair. Over the past five years, a 151.4% total return highlights how much of Walmart's long term value story may already be reflected in the share price. Walmart's dominant grocery position and partnerships that support better inventory...

J&J offers $5.5bn to settle baby powder lawsuits
Sky News8d agobearish
J&J offers $5.5bn to settle baby powder lawsuits

Johnson & Johnson (J&J) has offered to pay $5.5bn (£4.13bn) to resolve tens of thousands of lawsuits in the US alleging its talcum powder caused ovarian cancer. The company said the settlement covers around 76,000 claims, having already settled most cases alleging its talc contained asbestos and caused mesothelioma. J&J's vice president of litigation, Erik Haas, said the move was motivated by a desire to get closure – describing the claims themselves as "meritless".

Social media addiction lawsuit against Meta is dropped
TechCrunch13d agobearish
Social media addiction lawsuit against Meta is dropped

A closely watched social media addiction lawsuit that had been set to go to trial next week has been dropped after the plaintiff voluntarily dismissed his claims against Meta, leaving none of the major tech companies facing trial in the case.

Zelle must face New York attorney general lawsuit over 'rampant' fraud, judge rules
Reuters14d agobearish
Zelle must face New York attorney general lawsuit over 'rampant' fraud, judge rules

A judge rejected Zelle's bid to dismiss a lawsuit by New York Attorney General Letitia James, who said the electronic payment platform's refusal to ‌adopt critical safety features enabled fraudsters to steal more than $1 billion from consumers. In a decision ‌late Monday, Justice Phaedra Perry-Bond of a New York state court in Manhattan said James sufficiently alleged that Zelle's parent Early Warning Services "prioritized ​accessibility, convenience, consumer adoption, and market dominance at the expense of consumer safety" in rushing the platform to market, despite objections from its banking partners. Early Warning Services is owned by seven large U.S. banks: Bank of America, Capital One, JPMorgan Chase, PNC, Truist, U.S. Bank and Wells Fargo.

US SEC settles FOIA lawsuit with Coinbase over lost messages, WSJ op-ed says
Reuters14d agobearish
US SEC settles FOIA lawsuit with Coinbase over lost messages, WSJ op-ed says

Coinbase has settled a Freedom of Information Act lawsuit against the U.S. Securities ‌and Exchange Commission over records it sought ‌from the agency, the cryptocurrency exchange's chief legal officer, Paul Grewal, ​said in a Wall Street Journal op-ed on Wednesday. Grewal said the agency, which polices corporate record-keeping, had lost text messages between former Chair Gary Gensler and other ‌officials after a process ⁠the SEC said "automatically wiped" certain data.