U.S. aerospace company Textron Inc. won a $279 million verdict on Friday against Chinese drone maker DJI Technology, persuading a federal jury in Waco, Texas that DJI willfully infringed its patents. The jury agreed with subsidiary Textron Innovations Inc after a week-long trial that DJI’s drones violate its rights in two patents related to drone…
Textron Wins $279 Million Verdict in US Patent Case Against Chinese Drone Maker DJI
Cancer Victims Urge US Judge to Dismiss J&J Talc Unit’s Second Bankruptcy
Cancer victims on Monday urged a U.S. judge to dismiss a Johnson & Johnson subsidiary’s second bankruptcy filing, saying that the company is abusing the bankruptcy system in its renewed attempt to resolve tens of thousands of lawsuits alleging that J&J’s baby powder and other talc products caused cancer. The J&J subsidiary, LTL Management, filed…
Boeing Investors Seek Answers After Latest 737 Production Glitch
WASHINGTON—Boeing Co. is expected to reveal whether the latest 737 MAX manufacturing problem will derail the U.S. plane maker’s annual goals for passenger jet deliveries and free cash flow when it unveils its first quarter financial results on Wednesday. Investors are clamoring for details on the extent of the problem, which Boeing said involves a…
Tesla Raises 2023 Spending Forecast as It Races to Ramp up Output
Tesla Inc. raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in electric vehicles. The company, led by Elon Musk, said in a filing that it expects to spend between $7 billion and $9 billion this year, higher than…
GM, Ford Strive to Convince Investors: No Price War With Tesla
DETROIT—Detroit automakers General Motors Co. and Ford Motor Co. will try to convince Wall Street when they release first-quarter earnings this week that they will not be dragged into a price war with electric vehicle maker Tesla Inc.. So far, investors remain unconvinced. Shares in GM are down more than 20 percent from their 2023…
Supreme Court Rejects Oil Companies’ Attempt to Move Climate Change Lawsuits to Federal Court
April 24, 2023
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Brett KavanaughBusiness & Marketsclimate changeCompaniesenergyfossil fuelJudiciarySamuel AlitoUSUS News
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The U.S. Supreme Court on Monday rejected a bid by major oil companies to move a series of climate change-related lawsuits against them out of state courts and into federal courts, where they hoped to have better odds. The justices denied (pdf) a total of five petitions from BP, Chevron, Exxon Mobil, Shell, Suncor Energy,…
Trump Jr. Says Tucker Carlson Exit From Fox News ‘Changes Things Permanently’
Former President Donald Trump’s son, Donald Trump Jr., said that Tucker Carlson’s departure from Fox News “changes things permanently” in the media landscape. “I mean, I think it changes things permanently. That’s one of the few voices in the Republican party that would call out the nonsense from GOP senators, governors, and otherwise. You know,…
Megyn Kelly Responds to Tucker Carlson Leaving Fox News: ‘Terrible Move’
Former Fox News host Megyn Kelly reacted to Monday’s news that Tucker Carlson would be departing by saying it was a “terrible move” on the network’s part. “This is a terrible move by Fox, and it’s a great thing for Tucker Carlson,” Kelly said during an episode of her podcast on Monday. In a news…
Ex-Budweiser Executive Says Conservatives Won’t Forget Pro-Trans Controversy
April 24, 2023
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Bud LightBusiness & MarketsCompanieseconomyInvestmentPolicies & ImpactsPoliticsSocial IssuestransgenderUSUS News
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A former Anheuser-Busch executive warned his former colleagues that American conservatives, who make up its base, would likely not forget the recent transgender controversy. The commotion was instigated by the company’s decision to partner with transgender personality Dylan Mulvaney to act as one of its spokespersons. Anheuser-Busch released special edition cans of Bud Light with…
Don Lemon Says He Was ‘Terminated’ by CNN
Host Don Lemon wrote Monday that he was fired from CNN and suggested that the move was unexpected. Lemon, who most recently hosted CNN’s “This Morning” wrote on Twitter that he “was informed this morning by my agent that I have been terminated by CNN.” “It is clear that there are some larger issues at…
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