FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

CREDIT UPDATE: Johnson & Johnson (JNJ: Aaa/AAA neg): Not quite over

CREDIT UPDATE
BulletCredit Bullets
  • Small negative: There are still some holdouts from the JNJ talc settlement
  • JNJ is attempting to have the vast majority of the cases subject to the Red River Chapter 11 bankruptcy agreement
  • We will now wait until early October for a decision on whether that will proceed in Houston following a ruling yesterday.
  • JNJ benefits from earlier rulings which expedited asbestos cases
  • With EBITDA >30bn this isn't going to be a game changer but worth watching for other similar situations.
76 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • Small negative: There are still some holdouts from the JNJ talc settlement
  • JNJ is attempting to have the vast majority of the cases subject to the Red River Chapter 11 bankruptcy agreement
  • We will now wait until early October for a decision on whether that will proceed in Houston following a ruling yesterday.
  • JNJ benefits from earlier rulings which expedited asbestos cases
  • With EBITDA >30bn this isn't going to be a game changer but worth watching for other similar situations.