Johnson & Johnson Settlement; Barclays Reports; Applied Digital Rallies
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Today's biggest winners and losers in the stock market.
On this episode of Stock Movers:
- Johnson & Jonson (JNJ) is moving as it's agreed to a $5.5 billion commitment to resolve litigation related to claims that its talc products caused ovarian cancer. The company has maintained that talc doesn’t cause cancer and that there’s never been any asbestos in its baby powder, but the settlement will help bring to a close an issue that’s dogged J&J for at least 15 years.
- Barclays (BARC) is sliding after its second-quarter earnings showed US consumer banking and investment bank growth had not matched up to the pace set by larger American rivals.
- Cadence Designs Systems (CDNS) is rallying after the electronic design automation software company reported second-quarter results that beat expectations and raised its full-year forecast.
- Applied Digital (APLD) after the digital infrastructure designer reported fourth-quarter revenue to $258.7 million, a 407% increase from a year ago.
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