Amazon’s Jeff Bezos takes his battle with Tesla to another level

Amazon Inc (NASDAQ: AMZN) is investing in battery recycling startup Redwood Materials, which was founded by former Tesla executive JB Straubel. The investment is part of Amazon’s $2 billion Climate Pledge Fund which it is committing to Redwood and three other companies. Click here to read more

Johnson & Johnson charged with civil insurance fraud

The New York State has filed civil charges accusing Johnson & Johnson (NYSE: JNJ) of insurance fraud for downplaying the risks of its opioid painkillers. The company was also accused of dismissing opioid addiction as a myth in its marketing, but the company maintained that its action was appropriate and responsible. J&J has, however, proposed paying $4 billion in settlements. Click here to read more

Herman Miller is another winner from the remote work trend

Office furniture retailer Herman Miller (NASDAQ: MLHR) released outstanding quarterly results that showed the company is benefitting from the work-from-home trend. Its home office category has increased by nearly 300% since 2019. Herman Miller made $626.8 million in revenue, topping estimates of $524.8 million. Shares soared 33.5% on Thursday after the report.  Click here to read more.

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