Hello everyone. This is your daily tech and business briefing from chatter news.
Several U. S.
Drug distributors and johnson and johnson have agreed
to finalize the proposed $26 billion settlement.
This would resolve claims that they helped fuel the U. S. Opioid epidemic.
The money will be used to fund treatment and
other programs all aimed at addressing the health crisis.
Meanwhile, Tesla Ceo,
Elon musk and his brother Kimbal reportedly are
being investigated by the sec for insider trading.
The Wall Street Journal is saying the sec probing
whether or not Ellen told his brother about a poll
that he tweeted late last year which would mean
kimball must sold reportedly $109 million worth of his.
Tesla shares
the day before the poll on nonpublic information
And foot locker is forecasting declining revenue in 2022.
This is they expect to sell less products for Nike.
Starting this year, purchases from Nike won't exceed 60% of their total purchases.
This comes as Nike plans to sell more
of their sneakers and apparel directly to consumers.
And that's chatter news business and tech update.
I'm Baker Machado coming to you from Cheddar studios in lower Manhattan