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August 27, 2019
Reuters News Now
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Attorneys general for 19 states and the District of Columbiasued President Donald Trump’s administration on Monday to block a sweeping new rule to indefinitely detain migrant families seeking to settle in the United States. The lawsuit, filed in U.S. District Court in Los Angeles, was the first in an expected flurry of litigation seeking to stop the rule from taking effect in October.
An Oklahoma judge on Monday ordered Johnson & Johnson to pay $572.1 million to the state for its part in fueling an opioid epidemic by deceptively marketing addictive painkillers, a sum that was substantially less than investors had expected, driving up J&J’s shares.
President Donald Trump’s aggressive stance and often mixed signals in his trade war with China are taking a toll on the shares of U.S. companies that are most reliant on the world’s second largest economy. A basket of companies impacted by the trade war, created by Barclays, has sharply underperformed the S&P 500 this month after tracking evenly with the broader market for the three previous months.
Three names dominate the U.S. world of bond investing - Jeffrey Gundlach, Dan Ivascyn and Scott Minerd. But funds run by these star investors are lagging their respective benchmarks this year. The proximate cause for the underperformance of these high-profile bond investors: the monstrous rally in U.S. corporate bonds and Treasuries.