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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
It was one of the primary drivers of the inflation spark and naturally people are paying close attention to it and thankfully it is still way off the levels were talking about a year ago last time i was seeing it spiking above $100 a barrel. we not saying that now. in the aftermath of 0pec+ announcement, from december through to march where people were not panicking, it seemed like a a fear that the cartel is a mounting massive production cuts, on top of further cuts and the total cuts count to around 3.5 million, around 3.5% of daily supply. what we should note is also that back in october when it was 2 million barrels a day, there was a ferret would go back to $100 a but instead economic prospects did and the question now is our 0pec+ trying to bump up the price and