Stocks to Watch: Johnson & Johnson, Lion's Gate, General Motors, Activision Blizzard
October 09 2019 - 5:41AM
Dow Jones News
By James Willhite
Here are some of the companies with shares expected to trade
actively in Wednesday's session. Stock movements noted by ticker
reflect movements during regular trading hours; premarket trading
is specified separately.
Johnson & Johnson -- down 1.5% premarket: A Philadelphia
jury on Tuesday ordered the health-care firm to pay $8 billion in
damages to a man who said his use of J&J's antipsychotic
Risperdal caused enlarged breasts. It was the biggest award to date
among more than 13,000 lawsuits alleging the drug caused a
condition called gynecomastia in boys.
Lions Gate: The entertainment company behind the "John Wick" and
"Hunger Games" franchises is considering splitting off its Starz
premium cable channel into a separate company, as it looks to
reduce its hefty debt load.
General Motors: The lead negotiator of the United Auto Workers
said Tuesday the union was pushing the auto maker to make a firmer
commitment to building vehicles in the U.S., while workers remain
on a strike that has lasted more than three weeks.
Activision Blizzard: The videogame company on Tuesday suspended
an esports competitor from one of its tournaments for backing
antigovernment protesters in Hong Kong.
This is a version of the "Stocks to Watch" section of our
Markets newsletter. To receive it every morning via email, click
here.
Write to James Willhite at james.willhite@wsj.com
(END) Dow Jones Newswires
October 09, 2019 05:26 ET (09:26 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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