The markets traded mixed during the midday with the Dow slipping 13 points to 20,938. Nasdaq rose 6 points to 6,082.
A Virginia woman who sued Johnson & Johnson over its talcum powder products was awarded a record $110.5 million. Lois Stemp claimed that using Johnson & Johnson's baby powder and Shower to Shower products for over 40 years caused her to develop ovarian cancer. The healthcare company disputed the allegations and said that it will appeal the decision.
The Department of Justice has initiated a criminal investigation into the use of Uber's ghost-app Greyball. Greyball is a software program that displays a fake version of an Uber map. Uber used Greyball to avoid detection by law enforcement officials in municipalities that did not allow the ride hailing service to operate.
Starbucks has been sued by a coffee shop in Brooklyn for infringing on its Unicorn Latte. The End Brooklyn created its drink in December 2016 and filed for a trademark on January 20. Starbucks sold its Unicorn Frappuccino for only one week in April. The End Brooklyn is demanding that Starbucks turn over all profits that were made on the Unicorn drink and pay for any losses incurred by the local cafe.
The broader S&P 500 index added 2 points to 2,392. Bitcoin climbed $23 to $1497.
