Bank error in your favor

[The beef 675] [I'm an image] “Name a worse fate for a kid...” - Jeff, on gynecomastia [Read The Beef Online - Click Here]( Hey there carnivores, Markets rose on Friday, buoyed by strong housing data. And today we’re checking in on J&J. Keep raging, Jeff & Jason [Image] [I'm an image] Bank error in your favor Johnson & Johnson caught a break thanks to a Philadelphia judge who [reduced]( a potential punitive payment from $8B to $6M dollars. You read that right. A Philly (because, of course, it’s Philly) jury [awarded]( Nichols Murray $8B in Monopoly money back in October of 2019 on the grounds that J&J downplayed the side effects of the antipsychotic, Risperdal. Murray who took the meds as a child suffered from gynecomastia (read: man boobs). The judge [argued]( that the $8B reward was excessive (well, duh) and disproportionate to the $680k awarded in compensatory damages. More than 13k men have filed suits claiming that Johnson & Johnson knew about the likelihood of the condition but never pulled it off the market. No good deed goes unpunished J&J is currently [facing more than 100k lawsuits]( related to a laundry list of f*ck ups. When the company wasn’t busy wronging the youth of America it was helping fuel the opioid crisis. In August of last year, an Oklahoma judge ordered the baby shampoo/pharma giant to pay $572M for its contribution to the crisis in that state. One down, forty-nine to go. And the company is on the hook for another $4.69B thanks to a ruling that its baby powder caused ovarian cancer in women. Bottom line... This would be a major W for J&J which has taken its share of lumps over the past few years in the courtroom and the court of public opinion. For the most part, however, J&J shares have managed to weather the storm. JNJ rose slightly on Friday. As for Murray, he plans to appeal the dramatic reduction. [I'm an image] It all kicks off tonight at 8 PM, jabronis. In case you’ve been living under a rock/busy preparing for war with Iran, I’m hosting a [week long options trading class:]( 1. Options Fundamentals (Monday, January 20th at 8 PM EST) 2. Portfolio Allocation (Tuesday, January 21st at 8 PM EST) 3. Choosing the Best Contract (Wednesday, January 22nd at 2 PM EST… yup, a little afternoon delight with ya boy) … which all leads up to the [MAIN EVENT...]( 4. How to identify the 3 phase lifecycle of any stock and how to profit from it (January 23rd at 8 PM EST) [If you're not registered yet, join the waiting list here]( [I'm an image] ☑️ Big if true. Spotify [is in early talks]( to acquire The Ringer, a sports and pop-culture media outlet led by Bill Simmons with a podcast network that boasts more than 100M downloads per month. Its revenue stream from poddys exceeded $15M in 2018. Spotify, which is the largest music streaming platform in terms of subscribers (suck it, Tim Apple), spent $400M last year to acquire three podcast companies: Anchor, Gimlet, and Parcast. ☑️ Shuffle the deck. Walmart [is mixing things up a bit]( in its C-suite. Chief merchant Steve Bratspies, who was with the company for fourteen years, will be leaving and replaced by Scott McCall, who previously led entertainment, toys, and seasonals. Dacona Smith, who was previously in the Sam’s Club division, will now become the chief operating officer for Walmart US. The timing is curious as Walmart has yet to report its Q4 earnings which will give an indication of how the retailer's important holiday season went. It's worth noting that Target’s surprisingly shitty holiday szn revealed last week caused Walmart’s stock to drop over 1%. ☑️ Cut it out. Deutsche Bank will be cutting its bonus pool by 30% in its investment bank division. The news comes as CEO Christian Sewing continues his efforts to get expenses below $24B but [has struggled]( to balance cutting costs and achieving growth/retaining talent. Overall, pay will fall by about 20% at the bank. Fun fact: it's still better to work at DB than WF. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 Neither Raging Bull nor RagingBull.com, LLC (publisher of Raging Bull) is registered as an investment adviser nor a broker/dealer with either the U. S. Securities & Exchange Commission or any state securities regulatory authority. Users of this website are advised that all information presented on this website is solely for informational purposes, is not intended to be used as a personalized investment recommendation, and is not attuned to any specific portfolio or to any user's particular investment needs or objectives. Past performance is NOT indicative of future results. 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