Thousands of people in Britain are suing the health care giant Johnson & Johnson over claims that the company’s baby powder caused cancer, mirroring a long-running litigation battle in the United States over the talc-based product, the New York Times reported. More than 3,000 people have joined the lawsuit, which was filed in Britain’s High Court on Tuesday. The initial value of the claim is 1 billion pounds ($1.3 billion), said KP Law, which filed the case on behalf of the individuals. It is the first group claim against the company in Britain.

A Bermuda captive that insured several New York hospitals affiliated with a leading Jewish not-for-profit organization says it is insolvent, citing millions of dollars in child sex abuse claims brought against it under the state’s Child Victims Act (CVA), the Insurance Journal reported. Northeast Insurance Co. has filed for “winding-up” of its business in Bermuda Supreme Court and has submitted a Chapter 15 filing in federal bankruptcy court in New York asking it to recognize those Bermuda liquidation proceedings.

Banks including JPMorgan, Bank of America, Goldman Sachs and Citigroup are in talks with the U.S. Treasury to provide up to $20 billion in loans to Argentina, Semafor reported on Thursday, Reuters reported. U.S. Treasury Secretary Scott Bessent on Wednesday had said that the department was working with banks and investment funds to create a $20 billion facility to invest in the South American country's sovereign debt. Bessent said that the facility would sit alongside a new $20 billion U.S.

An affiliate of Elliott Investment Management wants to cut costs at Venezuela-owned Citgo Petroleum while a unit of Gold Reserve would largely focus on maintaining the status quo, five sources told Reuters, as a lengthy auction that will determine the refiner's future nears an end. Details of the two competing visions for Citgo emerged ahead of a U.S. court selecting the winner for an auction of shares in Citgo's parent company, PDV Holding.

The government of Canada is threatening to sue automaker Stellantis NV over its move to shift production of the Jeep Compass to Illinois from Brampton, Ont., The Globe and Mail reported. Industry Minister Mélanie Joly issued the warning in a letter to Antonio Filosa, chief executive officer of Stellantis, which on Tuesday unveiled a US$13-billion plan to boost auto production in the United States by 50 per cent over four years. Industry watchers say Stellantis is trying to avoid U.S.

Archer Aviation has emerged as the winning bidder for Lilium’s extensive portfolio of advanced air mobility patents, ZagDaily.com reported. The California-based company has secured around 300 intellectual property assets for €18 million following a competitive process that also involved Joby Aviation and the Ambitious Air Mobility Group (AAMG). Announced at the NBAA Business Aviation Convention in Las Vegas, the deal marks the latest chapter in Lilium’s drawn-out insolvency proceedings and underscores the growing consolidation in the advanced air mobility (AAM) sector.

Supertanker freight rates surged this week and are set to stay elevated on U.S.-China tit-for-tat hikes in port fees and concerns about the fallout from U.S. sanctions on a major Chinese crude oil terminal, Reuters reported. Chinese retaliatory port fees announced on Friday would add more than $7 a barrel in shipping costs for a Very Large Crude Carrier linked to the U.S., traders estimated. That would be equivalent to a charge of around $15 million - a sum that would put anybody off chartering ships related to the United States.

Brazilian President Luiz Inacio Lula da Silva said on Wednesday that Brazil and the U.S. will hold negotiation talks on tariffs on Thursday, Reuters reported. Lula's remarks at an event in Rio de Janeiro followed a call between him and U.S. President Donald Trump last week in which Trump designated Secretary of State Marco Rubio to continue tariff negotiations with Brazilian officials. Brazilian Foreign Minister Mauro Vieira and Rubio agreed on a meeting last week.

Mexican lawmakers will pause until late November the discussion of a government proposal to impose tariffs of as much as 50% on cars, steel and other products imported from China and several Asian nations that don’t have a trade deal with the country, according to a top congressman, Bloomberg News reported. Ricardo Monreal, leader of the ruling Morena party in the lower house of Congress, said that lawmakers must be careful with the proposal and review it “very seriously.” “We’re going to put it on hold,” Monreal told journalists.