Here’s a look at some of the companies the Yahoo Finance team will be watching for you today.
A big win in the pharma space. Bayer and Johnson & Johnson (JNJ) are no longer to blame in an internal bleeding case involving their drug Xarelto. A judge overturned a $28M jury award to an Indiana couple after the physician for the plaintiff testified that additional warnings would not have changed her decision to prescribe the drug.
Microsoft (MSFT) says its new software patches that guard against security threats are slowing down people’s PCs. The tech giant released the chips after last week’s bombshell news that almost all chips were vulnerable to hacking. Shares of chipmakers Intel and AMD also fell on the news.
Apple (AAPL) is finally giving in to China. The iPhone maker says it will turn over its iCloud operations to a Chinese partner. The move complies with Chinese law that says customer data must be collected and stored on the mainland. In exchange for letting China monitor its citizens, Apple is expected to have more freedom to improve services in the country.
Toyota (TM) and Mazda are headed south. The Japanese automakers have chosen Alabama for the location of their new auto plant. The new Limestone County factory is expected to start operations in 2021 and employ about 4,000 people. The $1.6 billion plant will be funded equally by Toyota and Mazda. They’ll work together on projects including electric car innovations.