The new health regulator in charge of tobacco said the U.S. Food and Drug Administration will begin to take action soon on major decisions from the effects of menthol to the marketability of newer products.
The U.S. Supreme Court let stand a $20 million award against R.J. Reynolds Tobacco Co. and a second cigarette maker, rebuffing the tobacco industry’s latest effort to derail thousands of Florida suits.
Analysts predict Goldman Sachs Group Inc. will pay $1 billion or more to settle a Securities and Exchange Commission fraud suit that triggered a 26 percent drop in the firm’s stock, Bloomberg News’s Jesse Westbrook and David Scheer report. Extracting such a record-setting penalty may be easier said than done.
Florida’s Supreme Court declined to hear R.J. Reynolds Tobacco Co.’s appeal of a $28.3 million verdict in a case that the cigarette maker argued may affect thousands of so-called Engle tobacco claims in the state.