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Transcripts For BBCNEWS World Business Report 20240706

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

meta: Norway asks EU regulator to fine Facebook owner Meta over privacy breach

The owner of Facebook and Instagram has been fined one million crowns ($93,000) per day since Aug. 14, for three months, for breaching users privacy by harvesting user data and using it to target advertising at them.

meta: Norway court rules against Facebook owner Meta in privacy case

The owner of Facebook and Instagram had sought a temporary injunction against the order from the Norwegian data regulator, Datatilsynet, which imposed a daily fine for three months.

worldcoin: Scrutiny of iris-scanning crypto project Worldcoin grows

meta: Facebook owner Meta asks Norway court to halt privacy fine

Since August 14, Meta Platforms has been fined 1 million crowns ($94,313) per day for harvesting user data and using it to target advertising at them, called behavioural advertising, a practice common to Big Tech.

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