Pfizer Hit With $1.8 Million in Damages Over Prempro and 2 More Heavily Traded Stocks to Follow
Pfizer Inc. (NYSE:PFE): Closing price $29.26
On Tuesday, Pfizer was ordered by United States District Judge Janet Bond Arterton to pay around $1.8 million in punitive damages to Margaret Fraser, a Connecticut resident who developed breast cancer after taking the Prempro menopause drug. The decision brings the amount Pfizer must pay Margaret Fraser — regarding her claims that the hormone-replacement medicine led to her cancer — to $5.76 million. In April 2012, a jury in New Haven awarded Fraser and her husband $4 million in compensatory damages after finding the drugmaker liable for her injuries.
Citigroup Inc. (NYSE:C): Closing price $51.50
The Secretary of State for Treasury of Portugal Joaquim Pais Jorge resigned Wednesday after press reports that he helped try to sell derivatives contracts to the previous government that concealed the state of the country’s accounts while he worked for Citigroup. In an e-mailed statement, Pais Jorge said that, “I took this difficult decision because I will never allow controversies created over my professional path, which I never hid, to be used as a political weapon against the government.” Pais Jorge’s decision to step down comes five weeks after a political crisis ignited by the resignation of Portugal’s finance and foreign ministers sparked a government reshuffle.
Oracle Corp. (NYSE:ORCL): Closing price $32.82
Oracle’s new release of Oracle Retail Allocation helps permit retailers to deliver the right product — in the best assortment — for each location employing real-time inventory levels together with sales and planning information. Overlaying science with the art of merchandising, Oracle Retail Allocation 13.3 uses embedded business intelligence analyzing input from multiple data sources to give allocators better insight and recommendations.
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