Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Kudlow pointed to strong retail sales and low unemployment as signs that the U.S. economy remained strong.Marketsread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
The MacBook Pro recall and its subsequent ban from flights underscores the increasing brand risk from problems with lithium-ion batteries.Technologyread more
Experts say the timing of Amazon executives' contributions to Rep. David Cicilline likely reflect the company's heightened urgency over growing regulatory scrutiny.Technologyread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
Coinbase security chief Philip Martin explains, "Possession of a key is possession of your currency. What that means is that you can't revoke a cryptocurrency key, if that key...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
The Supreme Court could strike down the constitutionality of the Consumer Financial Protection Bureau, an agency Elizabeth Warren has likened to her child and which Justice...2020 Electionsread more
Bianco Research's James Bianco suggests Wall Street is desperately looking for a signal that a 50 basis point cut is coming next month.Trading Nationread more
Brazil is following the U.S. and Canada in taking on Big Tobacco, becoming the first country in Latin America to sue cigarette makers over the financial toll of smoking.
Brazil's attorney general's office, known as the AGU, last week sued the two largest cigarette manufacturers in the country — Philip Morris International and British American Tobacco — to cover the costs of treating patients with 26 tobacco-related diseases over the past five years. The AGU said it is seeking reimbursement for those costs as well as future costs.
If successful, the move could set precedent in Latin America. Philip Morris, R.J. Reynolds, Brown & Williamson and Lorillard have paid more than $126 billion combined so far to settle similar legal claims by 46 states in the U.S. as part of the Tobacco Master Settlement Agreement in 1998, according to the Public Health Law Center.
The World Health Organization praised the Brazilian government for trying to tackle the tobacco epidemic there, which it deems "one of the biggest public health threats the world has ever faced." The group's Framework Convention on Tobacco Control calls for governments to deal with civil liability, including compensation, as a key piece of tobacco control efforts.
The lawsuit "marks a crucial step forward in holding tobacco companies responsible for their decades of deceitful advertising and marketing practices that hid the dangers of smoking from the public and purposely targeted young people," Campaign for Tobacco-Free Kids President Matthew Myers said in a statement.
Spokesmen for Philip Morris and British American Tobacco both declined to comment on the lawsuit.
Philip Morris spokesman Ryan Sparrow said Brazilian courts in other lawsuits "have consistently found that tobacco manufacturers are not liable for smoking-related damages given that the sale of cigarettes is a legal, heavily regulated activity and that the health risks of smoking have been well known for decades."
The AGU said it filed the lawsuit at the federal court of Rio Grande do Sul.