The first trial got under way in Oklahoma of a drugmaker facing claims that its marketing of painkillers fuelled the opioid crisis. Johnson & Johnson argues that it followed the law and has decided to fight the case. Its two former co-defendants settled with the state: Purdue Pharma for $270m and Teva, this week, for $85m.
Germany’s unemployment rate rose to 5% in May, the first increase in five years. Most of the rise is explained by a change to the way the government counts the unemployed, but the labour ministry said that Germany’s slowing economy was also a factor.
Global Payments, which focuses on processing transactions, agreed to buy Total System Services, which specialises in clearing them, for $21.5bn. It is the third big merger in the payments industry this year.
专注于处理交易的环汇有限公司(Global Payments)同意以215亿美元收购专注于清算交易的Total System Services。这是今年支付行业的第三次大合并。
After delays because of bad weather, SpaceX launched the first batch of satellites that will eventually form its Starlink broadband-internet network. Its boss, Elon Musk, lauded the achievement, SpaceX’s heaviest payload yet. Not everyone was happy. Around 12,000 satellites will be deployed by the mid- 2020s. They operate in low orbit and are brighter than expected, prompting concerns from astronomers about obstructed telescope observations.
Arun Jaitley stepped down as India’s finance minister because of ill health. Mr Jaitley oversaw many of the financial reforms introduced under the government of Narendra Modi, including a consumption tax.
Indian authorities stopped the founder of Jet Airways, Naresh Goyal, from flying out of the country. The government has promised to make it harder for the bosses of bankrupt companies to leave India following the case of Vijay Mallya. The boss of Kingfisher Airlines fled to London in 2016 and is fighting extradition.
In the process of finalising her divorce from Jeff Bezos, MacKenzie Bezos promised to give half of the $36bn she is receiving as part of the settlement to charity. Ms Bezos made the commitment to the Giving Pledge, an initiative started by Warren Buffett and Bill and Melinda Gates through which the super-rich can donate some of their fortune to worthy causes. A contemplative Ms Bezos noted that “we each come by the gifts we have to offer by…lucky breaks we can never fully understand.”