we begin in the us in what could become the largest product liability settlement in history. the pharmaceutical s giant, johnson &johnson has proposed paying almost $9 billion to settle tens of thousands of lawsuits that allege the company s talcum powders causes cancer. the new move seeks to resolve all current and future claims and follows a decade long legal battle between plaintiffs lawyers and johnson & johnson. my colleague samira hussain with the details. johnson &johnson johnson & johnson has johnson &johnson has been dogged for use by claims that its talcum powder causes cancer. in 2021 it settle a lawsuit in newjersey brought by 21 women who blame the company for that very cancer and is set aside another 2 billion to try to settle all future claims in what could add up future claims in what could add up to thousands of lawsuits. now the company says it will increase the potential size of all settlement to 8 $.9 billion. the company stopped selling it talcum product
and i m gonna address theunited states of america. gary: there s no doubt that night. it was a textbook procedure. i had no choice. i was forced to take a life. i was a white cop whoshot a black 16-year-old. (protestors chanting) natacha: i would like toaddress all law enforcement across the country and around the world. honor the oath. (dramatic music) gary: the other officerskept repeating: he did the right thing.he had no choice. it was a good shoot. reporter: the death ofphillip pannell brought rage the streets of normallypeaceful teaneck, new jersey. m2: this was middle-classmodel city, american. alison: we live in teaneck.this doesn t happen in teaneck. w2: it wasn t the utopia ithought it was for many people. (dramatic music) thelma: we enduredthis pain for 30 years, now we re back here again. crowd: yeah, (music) natacha: on my honor,i will never betray my integrity forthe public trust. m3: the fact of the matter isphillip pannell was executed. m4: i don t care how
thatjohnson &johnson has reached the end of its talcum powder problems. now to switzerland where it will be another very tense day ahead for the country s top bank bosses. ubs is holding its annual meeting of shareholders today on the day that sergio ermotti s appointment as group chief executive takes effect. ermotti will oversee the acquisition and integration of credit suisse, which held its own agm yesterday. it proved to be a tomultous affair where shareholders blocked executive pay plans and demanded that boardmembers were put behind bars . also rumours are swirling that ubs is poised to slash as many as 36 thousand jobs worldwide between 20% and 30% of its workforce, after completing its take over of credit suisse. to talk us through what s at stake i m joined by oliver crook who is reporting on this for bloomberg news.
the police were there, they took the boardmembers out of back door. there was a great deal of anger. the goal was the integration. and the goal was achieved. i don t think anybody thought beyond getting theschool s integrated. reporter: theissue is forever on the periphery ofracial disharmony never left teaneck any more than they ve left anyamerican community. now, the shooting deathby a police officer of the 15 year oldphillip pannell, will further teststeaneck s reputation as a forward-thinkingaccommodating community one cop claimed tous this morning. that this is the first time inteaneck s history that a cop has fired his gunin the line of duty. we don t know that that s true. only that theconsequences of that act have questionedteaneck s image, as the town that madeit work for everyone. (music)