Jim Cramer explains what the Johnson & Johnson ruling means for the stock.
by an Oklahoma judge for having a hand in igniting the state's opioid epidemic.
It's the first court case where an American drugmaker was found responsible for influencing the opioid crisis, which was connected to nearly 400,000 overdoes deaths in less than two decades across the country, according to the U.S. Centers for Disease Control and Prevention., however, doesn't believe this will be a huge hit to the company, especially because when juxtaposing expectations to reality.host said Monday after the decision.
Wall Street is the "equivalent of his Nielsen ratings," the host said, which is why it's a mistake to dump an entire portfolio on a tweet-induced sell-off by Trump, such as in last Friday's 623-point drop on thefollow a signal from Trump at the G-7 summit that American and Chinese officials could return to the negotiating table after another week of trade war escalation.
"Whether or not China wants to make a deal, from what I can tell, President Trump believes the longer he holds out, the better," Cramer said. "Which means we haven't seen the last of these brutal sell-offs, so get used to them, and next time remember there's almost always a bounce after the worst of the carnage because he wants one."
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