Browsing: Economy

The Bitcoin price has risen sharply. This was apparently triggered by a job advertisement at Amazon: The ad raises hopes that the online retailer could soon allow digital currencies as a means of payment. The digital currency has increased significantly at the start of the week. On the Bitstamp trading platform, the largest cryptocurrency by market value cost up to 39,850 dollars on Monday. This is the highest level since mid-June. On a daily basis, the price increased by up to around 15 percent. Other Internet currencies such as Ether, XRP or Dogecoin also recorded double-digit percentage price gains. On…

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Johnson & Johnson has agreed to pay New York state $230 million to resolve allegations that the pharmaceutical company aided in the growth of the opioid problem, Attorney General Letitia James announced on Saturday. Additionally, the company agreed to permanently halt opioid manufacturing and distribution in New York and the rest of the country, James said in a statement announcing the settlement. The company “helped fuel this fire, but today they’re committing to leaving the opioid business — not only in New York, but across the entire country,” she said. The settlement of a case filed by James in 2019…

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Tesla Motors is recalling almost 300,000 Model 3 and Model Y electric vehicles that were delivered to China. Bloomberg and Nikkei Asia report that the country’s State Administration for Market Regulation published a statement on its website announcing the automaker’s decision. While the action is being referred to as a “recall,” owners are not forced to bring their vehicles in. Due to the fact that the update is intended to address dangers related with the vehicles’ assisted driving feature, Tesla will be able to correct the issue by putting out an online software update to enhance the company’s Autopilot system.…

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Johnson & Johnson has agreed to a $230 million settlement with the state of New York, which prohibits the corporation from promoting opioids and confirms it has discontinued sales of such medications in the United States. The office of New York Attorney General Letitia James said in a statement Saturday that the deal prevents J&J from advertising opioids in any way and from lobbying on their behalf at the federal, state, or municipal level. Johnson & Johnson has not sold opioids in the United States since 2015 and plans to completely exit the market in 2020. The corporation will address…

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