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MarketFoolery

A Surprising Verdict?

MarketFoolery

The Motley Fool

Money, Business, Motley, Business News, Stocks, News, Investing, Market, Fool

4.71.7K Ratings

🗓️ 27 August 2019

⏱️ 21 minutes

🧾️ Download transcript

Summary

An Oklahoma judge orders Johnson & Johnson to pay $572 million for the company’s role in the state's opioid crisis. The state of Oklahoma had sought more than 17 billion dollars in damages and shares of Johnson & Johnson were up on the verdict. Motley Fool analysts Andy Cross and Jason Moser discuss the future of Johnson & Johnson, Papa John’s new CEO, and Costco’s China debut.

Transcript

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0:00.0

It's Tuesday, August 27th.

0:03.8

Welcome to Market Fullry.

0:05.1

I'm Matt Greer and I am joined in studio by Motleyville analyst Andy Cross and

0:10.0

Jason Moser.

0:11.2

Gentlemen, welcome, how are we feeling?

0:14.0

I'm feeling great, but I tell you, I look at you Mac, and you look rested.

0:17.6

You look refreshed, you look charged.

0:19.6

I don't know that I feel as great as you do.

0:21.6

Time away was good for you, oh thank you thank you I you know

0:24.6

little little time at the beach the good news is that Chris Hill getting some

0:29.3

much deserved R&R and he will be back in the saddle next week.

0:33.0

So if you can just hang in there for this week,

0:36.0

you know, and it's a free show, remember that.

0:38.0

Yeah.

0:39.0

Chris will be back in action next week.

0:40.0

But guys, lots to talk about Papa Johns getting a new CEO in Costco

0:46.1

opening their first store in China. spoiler alert, it was well received. Maybe a little too well received.

0:55.0

Apparently so. We'll get to that. But let's begin with Johnson and Johnson.

0:59.0

An Oklahoma judge has ordered J&J to pay 572 million for its role in the state's opioid

1:06.5

crisis. Now Johnson and Johnson argued that its marketing and sales activities

1:10.5

were lawful and that it was not at fault for the crisis. But Jason, the judge

1:16.8

and the court obviously disagreeing. J&J will appeal the ruling. Now the

...

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