I’ve no love for big pharma, not in the least, but this is not a verdict, it’s a tax. I thought Oklahoma was conservative, but apparently not when it comes to their own financial interest.
Don’t tax you, don’t tax me, tax that fellow behind the tree. Nice.
“Shares of J&J were up 2% in extended trading following the decision. Other drugmakers that sell opioid painkillers also rose after-hours, including Teva Pharmaceutical Industries Ltd. up 2.6% and Endo International Plc, which was 1.4% higher.”
I’ve no love for big pharma, not in the least, but this is not a verdict, it’s a tax. I thought Oklahoma was conservative, but apparently not when it comes to their own financial interest.
Don’t tax you, don’t tax me, tax that fellow behind the tree. Nice.
That’s a good start. Now the remaining 49 states and DC will want their $500 million too and J&J won’t be in such great shape.
“Shares of J&J were up 2% in extended trading following the decision. Other drugmakers that sell opioid painkillers also rose after-hours, including Teva Pharmaceutical Industries Ltd. up 2.6% and Endo International Plc, which was 1.4% higher.”
American economics disgusts me.