International Companies

Philips shares soar on $1.1bn DOJ settlement

By Benjamin Chiou

Date: Monday 29 Apr 2024

(Sharecast News) - Koninklijke Philips, the Dutch healthcare giant, has finally reached a settlement with US regulators over a Respironics product recall back in 2021 worth $1.1bn, causing shares to soar by more than a third on Monday morning.
The news follows a so-called consent decree agreed earlier this month with...

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