Following the Ninth Circuit’s decision to uphold a series of draconian remedies against Google in the long-running Epic v. Google litigation, Google is now seeking to take its case before the Supreme Court. In a petition filed last week, Google raised a number of important legal questions ripe for the Supreme Court’s consideration—most notably: What should the legal standard be for assessing whether its series of revenue sharing, preinstallation, and distribution agreements were anticompetitive? And did the relief imposed, including a heavy-handed catalog sharing remedy that gives third-party app stores access to Google Play Store’s extensive network of apps, go beyond the scope of proper antitrust relief? These questions are not only critical to resolving Epic v. Google but also implicate similar errors in Judge Mehta’s liability and remedy decisions in the concurrent DOJ v. Google search case.
The first and most important issue Google raises concerns the rule that was applied to determine whether it acted anticompetitively. Specifically, Google’s practices were evaluated under the rule of reason, which, in its standard formulation as set forth by the Supreme Court in cases like NCAA v. Alston, involves a three-step test: first, the plaintiff presents evidence that the conduct resulted in anticompetitive harm; second, the burden shifts to the defendant to provide a procompetitive justification for its practices; and third, the burden goes back to the plaintiff to show that those benefits could have been achieved through alternatives less restrictive of competition. If the plaintiff can meet its burden at step one and, if necessary, step three, the behavior is anticompetitive and illegal. If not, the defendant wins.
As Google explains, that’s not what happened here. Rather, the District Court adopted a test in which anticompetitive harms were balanced directly against procompetitive effects, without assessing whether less restrictive alternatives existed. To be sure, courts may allow plaintiffs to prevail under the rule of reason even if they fail the third step of demonstrating the existence of a less restrictive alternative—provided they can prove that anticompetitive harms outweigh procompetitive gains. But this four-step rule of reason is typically applied where the focus is on contractual tying, such as the Ninth Circuit’s County of Tuolumne decision. And while the practice of Google Play Store requiring the use of Google Play Billing for in-app purchases could fall into that bucket, at its core Epic v. Google concerns intrabrand restrictions on Android.
An analogous mistake with applying the rule of reason can be found in Judge Mehta’s decision in the search case. In holding that Google’s allegedly exclusive default search distribution agreements with third-party browsers, Android OEMs, and wireless carriers were anticompetitive, Judge Mehta laid out the four-step rule of reason described above: first, a plaintiff shows anticompetitive harm; next, a defendant responds by showing procompetitive benefits; and then the burden returns to the plaintiff to show either that there were less restrictive means to achieve those benefits or that they are outweighed by the anticompetitive harms. However, this was the wrong test. Under the U.S. v. Microsoft standard that Judge Mehta applied, there is no room for discounting procompetitive justifications on the grounds that less restrictive alternatives might exist. Indeed, for exclusive dealing generally, a least restrictive alternative analysis is not usually conducted; courts instead simply balance harms against benefits.
In addition to its concerns with the legal standard applied at the liability phase, Google’s Supreme Court petition in Epic v. Google takes major issue with the catalog sharing remedy imposed upon Google. In general, antitrust remedies—which can take the form of prohibitory injunctions preventing a company from engaging in certain behavior, affirmative obligations requiring a company to take proactive measures, and, in exceptional circumstances, breakups or other structural relief—can serve three purposes: terminating the illegal monopolization, undoing the fruits of the violation, and preventing future anticompetitive practices. Within this scheme, the catalog sharing remedy represents an affirmative obligation for Google to undo the fruits of its statutory violation by giving third-party app stores access to Google Play Store’s catalog of apps. This effectively results in Google losing a key network advantage that makes its Play Store more attractive to users: a greater catalog of apps.
But in upholding this remedy as a “‘reasonable method’ of counteracting the Play Store’s dominance and reducing the network effects it enjoys by temporarily lowering barriers to entry,” the Ninth Circuit seems to have erred. Specifically, the “reasonable method” standard set forth by the Supreme Court in Nat’l Soc’y Professional Engineers applies either to, as in that case, prohibitory injunctions to undo the fruits of anticompetitive behavior or, as the Massachusetts v. Microsoft case made clear, affirmative obligations designed to terminate the anticompetitive effects of the illegal monopoly. It should not apply to affirmative obligations intended to deny the fruits of anticompetitive behavior, which, as the latter court explained, require a higher standard mandating that “the fruits of a violation must be identified before they may be denied.” Yet the catalog sharing remedy makes no effort to distinguish between app network effects achieved through anticompetitive versus procompetitive means.
This error is repeated in the relief approved by Judge Mehta in the Google search case. Specifically, while rightly rejecting the DOJ’s radical proposal to force Google to divest Chrome and potentially Android, Judge Mehta similarly imposed a series of data sharing remedies that, as he made clear, “are designed primarily to deny Google a key fruit of its anticompetitive conduct—scale—and to help rivals overcome that deficit.” In particular, Judge Mehta required Google to share certain search index and user-interaction data with competitors to help improve their own search services. However, like the Ninth Circuit, Judge Mehta merely asked whether this relief was a “reasonable method of eliminating the consequences of the illegal conduct,” rather than precisely identifying which data constituted the fruits of Google’s anticompetitive behavior, as opposed to data Google obtained through the normal, procompetitive operation of its search service.
The Supreme Court doesn’t take many cases a year, and major antitrust decisions from the Court, as this one would be, are always quite rare. However, amidst the number of landmark antitrust cases against Big Tech companies that will, whichever way they are decided, have huge implications both for antitrust law and the American economy, the Epic v. Google case presents a unique opportunity for the Supreme Court to head off potential legal confusion by providing necessary guidance in two key areas where Judge Mehta in the Google search case also appears to have erred. Specifically, by clarifying which version of the rule of reason applies to different forms of conduct and what level of scrutiny should govern affirmative obligation remedies intended to divest the fruits of anticompetitive behavior, the Court can lay out a much-needed framework to guide lower courts as they adjudicate these once-in-a-generation antitrust actions against Big Tech.
Engine to provide complete digital banking platform for 2+ million Tangerine clients in Canada
TORONTO and LONDON, Nov. 4, 2025 /PRNewswire/ — Tangerine Bank (Canada’s award-winning digital bank and wholly-owned subsidiary of Scotiabank, one of the “Big 5” banks in Canada with assets of approximately $1.4 trillion) and Engine by Starling (the Starling Group’s banking Software-as-a-Service (SaaS) business) today announced an agreement to deliver a next-generation banking platform for more than 2 million Tangerine clients in Canada.
Terri-Lee Weeks, President and CEO, Tangerine Bank, and Sam Everington, CEO, Engine by Starling
Tangerine and Engine by Starling Logo
Under the terms of the 10-year agreement, Tangerine will upgrade its core digital banking system to Engine’s cloud-native banking platform, enabling the digital bank to supercharge its client experience and embark on an ambitious new phase of growth.
With Engine’s SaaS platform, Tangerine’s clients will experience best in class digital onboarding, chequing accounts, instant access savings, overdrafts, debit cards and smart money management features such as card controls and spending insights, delivered through an intuitive mobile app. Behind the scenes, Engine’s end-to-end platform will provide a simplified account view and consolidate the capabilities and support tools Tangerine needs to reduce operational cost and complexity for employees.
Tangerine becomes Engine’s first North American client after the British firm announced offices in New York and Toronto earlier this year. Born of the UK’s Starling Bank in 2022, the company currently supports Salt Bank in Romania and AMP Bank GO in Australia.
Terri-Lee Weeks, President and CEO of Tangerine, said: “Tangerine chose Engine to help build the future of banking services for our clients – delivering a premier banking experience with intuitive, personalized features that evolve with client needs. Engine’s modern core banking system uniquely provides an end-to-end platform on which Tangerine can innovate quickly and continuously, reducing the time-to-market for new products and features, and delivering world-class experiences for our clients – all while staying true to the client-first design that Tangerine is known for in Canada.”
Sam Everington, CEO of Engine by Starling, added: “Engine’s technology and operating model is a tried and tested blueprint for building market-leading digitally-native banks. It is a true fintech success story as we see our software enabling ambitious, innovative and customer-centric banks all over the world. This agreement with Tangerine is a major milestone and the largest deal we have signed to date, showing just how scalable and adaptable Engine is.”
This announcement follows Engine’s expansion into the North American market to support its global growth and to develop new capabilities. Tangerine will benefit from a dedicated Engine team in Toronto consisting of product, delivery and technical specialists, who will now collaborate to deliver a refreshed suite of digital features and services.
About Tangerine Bank:
Tangerine is one of Canada’s leading digital banks, empowering over two million clients to reach their goals and move their finances forward. Known for a simple-to-use digital and mobile experience, Tangerine offers everyday banking products without any complicated hoops to jump through. From saving and spending to investing and borrowing, Tangerine’s products are designed to meet the unique needs of Canadians. Tangerine’s commitment to putting clients first has earned the bank recognition as the #1 Bank in Canada by Forbes in 2025 and the most awarded midsize Bank by the J.D. Power Canada Retail Banking Satisfaction Study for 14 consecutive years as of 2025**. Tangerine Bank was launched as ING DIRECT Canada in 1997. In 2012, Tangerine was acquired by Scotiabank and operates independently as a wholly owned subsidiary. Tangerine is a registered trademark of The Bank of Nova Scotia, used under license.
For more information, visit tangerine.ca or connect with us on social on Instagram, LinkedIn, or TikTok.
About Engine by Starling Engine by Starling is a SaaS technology provider with the goal of bringing its modern banking platform to banks around the world. The Engine platform, built to power Starling in the UK, is modular, API-based, cloud-native and a proven technology at scale.
For further information about Engine by Starling, please visit: enginebystarling.com
About Starling Group Starling Group includes Starling Bank, the fully licensed and regulated UK bank, Engine by Starling, a Software-as-a-Service (SaaS) provider, and Fleet Mortgages, a specialist Buy-to-Let mortgage lender. Headquartered in London, the Group has offices in Cardiff, Manchester and Southampton.
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The pioneering cryptocurrency is on the cusp of a bear market, data shows
Bitcoin is down nearly 20% from its record high of $126,272.76 in early October.
Bitcoin prices retreated below $100,000 for the first time since June on Tuesday, bringing the pioneering cryptocurrency to the cusp of a bear market, Dow Jones Market Data showed.
The largest cryptocurrency (BTCUSD) briefly traded as low as $99,982 before recouping some losses and bouncing back to $101,269, according to FactSet data. It was down 19.8% from its record high of $126,272.76 on Oct. 6, but still up 8.5% year to date. An index or asset is considered to be in a bear market after a drop of 20% or more from a recent high.
Bitcoin was off by more than 5% on the day in recent trading, leaving it on track for its biggest one-day drop since April 3, Dow Jones Market Data showed.
The selloff in cryptocurrencies like bitcoin has coincided with a loss in altitude for other popular momentum trades. Gold (GC00), small-caps and quantum-computing stocks like Rigetti Computing Inc. (RGTI) were also coming under pressure on Tuesday.
“People are in the gold trade, people are in the uranium trade, people are in the quantum computing trade, people are in the small-cap trade,” said Ram Ahluwalia, chief investment officer at Lumida Wealth. “They’re all rising and falling together.”
Ahluwalia said that while bitcoin is technically on the cusp of a bear market, veteran crypto investors have endured much larger drawdowns over the years. “For people who are seasoned in this asset class, this isn’t a big deal. I think this is just a shakeout.”
The roots of the selloff can be traced back to the October Federal Reserve meeting, he said. The central bank announced an interest-rate cut on Oct. 29, its second this year. But during the press conference that followed, Fed Chair Jerome Powell expressed some uncertainty about another reduction in December. This has been bad news for bitcoin, Ahluwalia explained, since lower rates typically help juice speculative assets like cryptocurrencies.
Katie Stockton, founder and managing partner at Fairlead Strategies, pointed out earlier this week that bitcoin had broken below its 200-day moving average, suggesting that there could be more downside ahead in the near term. Her technical analysis suggested that the next reliable support level for bitcoin would be around $94,200.
If bitcoin continues to trade at or around its current price, it would mark its lowest 4 p.m. level since June 22, when it traded at $98,923.77. The crypto was on track for its worst three-day stretch since Oct. 11, a period when it fell by 9.9%.
-Joseph Adinolfi -Frances Yue
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
Aptar Closures has been recognized with two prominent awards at the 2025 Association for Dressings & Sauces (ADS) Annual Business Forum, which was held on October 5th in Scottsdale, Arizona. Aptar Closures earned multiple awards this year, underscoring its leadership and innovation in packaging solutions in the dressings and condiments space.
Supplier Partner of the Year – Packaging Category
Aptar Closures was named Supplier Partner of the Year in the packaging category. Among other factors, this award is determined by nominations from ADS manufacturer member companies, who recognize ADS supplier members who have elevated themselves as a partner through equipment & service, ingredients, or packaging. According to an ADS nominating member, the team at Aptar Closures “actively participates in material qualification and helps define the quality parameters that are meaningful to the consumer. They continue to find solutions, improvements, and keep the consumer needs in mind.”
Supporting Vendor for Package of the Year
Aptar Closures also received the Supporting Vendor for ADS’ Package of the Year award, celebrating its contribution to McCormick’s new Frank’s RedHot Squeeze Sauces, which utilize Aptar’s Tower closure. Tower is a flip-top dispensing closure that provides one-handed, user-friendly convenience and ensures precise, controlled dispensing for a smooth drizzle.
“Aptar Closures has consistently demonstrated its value as a trusted partner and leading vendor in the industry. This recognition is well-deserved, and we are proud to showcase Aptar’s outstanding achievements,” said Jeannie Milewski, President of The Association for Dressings & Sauces.
In addition, Aptar Closures solutions were featured on two other winning products at the 2025 ADS Annual Business Awards.
Katie Schomberg, Food Market Director for Americas at Aptar Closures, added, “Co-creating value with our customers and delighting consumers is at the forefront of everything we do, and we are honored to be recognized by our customers and industry peers for our collaboration and innovative packaging in these notable food categories.”
About The Association for Dressings & Sauces (ADS)
Founded in 1926, the Association for Dressings & Sauces is an international trade association representing manufacturers of salad dressing, mayonnaise, and condiment sauces as well as suppliers of raw materials, packaging and equipment to the industry. Its purpose is to serve the best interests of industry members, its customers, and consumers of its products. For more information about ADS, visit the Association’s website or follow ADS on Twitter, Instagram, Facebook, or LinkedIn.
Google is hatching plans to put artificial intelligence datacentres into space, with its first trial equipment sent into orbit in early 2027.
Its scientists and engineers believe tightly packed constellations of about 80 solar-powered satellites could be arranged in orbit about 400 miles above the Earth’s surface equipped with the powerful processors required to meet rising demand for AI.
Prices of space launches are falling so quickly that by the middle of the 2030s the running costs of a space-based datacentre could be comparable to one on Earth, according to Google research released on Tuesday.
Using satellites could also minimise the impact on the land and water resources needed to cool existing datacentres.
Once in orbit, the datacentres would be powered by solar panels that can be up to eight times more productive than those on Earth. However, launching a single rocket into space emits hundreds of tonnes of CO2.
Objections could be raised by astronomers concerned that rising numbers of satellites in low orbit are “like bugs on a windshield” when they are trying to peer into the universe.
The orbiting datacentres envisaged under Project Suncatcher would beam their results back through optical links, which typically use light or laser beams to transmit information.
Major technology companies pursuing rapid advances in AI are projected to spend $3tn (£2.3tn) on earthbound datacentres from India to Texas and from Lincolnshire to Brazil. The spending has fueled rising concern about the impact on carbon emissions if clean energy is not found to power the sites.
“In the future, space may be the best place to scale AI computers,” Google said.
“Working backward from there, our new research moonshot, Project Suncatcher, envisions compact constellations of solar-powered satellites, carrying Google TPUs and connected by free-space optical links. This approach would have tremendous potential for scale, and also minimises impact on terrestrial resources.”
TPUs are processors optimised for training and the day-to-day use of AI models. Free-space optical links deliver wireless transmission.
Elon Musk, who runs the Starlink satellite internet provider and the SpaceX rocket programme, last week said his companies would start scaling up to create datacentres in space.
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Nvidia AI chips will also be launched into space later this month in partnership with the startup Starcloud.
“In space, you get almost unlimited, low-cost renewable energy,” said Philip Johnston, co-founder of the startup. “The only cost on the environment will be on the launch, then there will be 10 times carbon dioxide savings over the life of the datacentre compared with powering the datacentre terrestrially.”
Google is planning to launch two prototype satellites by early 2027 and said its research results were a “first milestone towards a scalable space-based AI”.
But it sounded a cautionary note: “Significant engineering challenges remain, such as thermal management, high-bandwidth ground communications and on-orbit system reliability.”
The financial services industry has quietly become an artificial intelligence battleground and Lemonade, ticker LMND , is back in focus putting the ‘squeeze’ on the massive insurance industry that is seen as analog in the new digital world. The company IPO’d in the summer of 2020 (ouch) and dropped over 80% into the lows set in late 2023. But the company is back on a strong growth trajectory, fueled by the AI boom that could possibly disrupt the antiquated insurance industry that has incumbents with large market share, but are slow to evolve. Lemonade is one of the most aggressive adopters of AI in the financial services space aiming to rewrite the economics of insurance from pricing, underwriting, to claims automation. The company is targeting younger customers who are comfortable in the digital world shopping for car, renters, or home insurance. The younger target market will have a higher lifetime value and a lower cost of acquisition than traditional insurance models. Lemonade has a fully custom tech stack that has changed the insurance experience including a fully digital onboarding and underwriting workflow. Turning to the technicals you’ll quickly notice the massive drop from 2020 to 2023 followed by a double bottom and a new uptrend. The uptrend can be measured as a percentage of how much the 2020-2023 decline has been ‘retraced’ using Fibonacci retracements. So far, the chart has recaptured 61.8% of the loss where it’s currently consolidating at around $62.00. If the stock can withstand this broader market volatility and continue through the $60s, the next top is the final retracement at $101.11. Looking at the earnings and sales tables on the right side of the chart you’ll see the company is still not profitable on a yearly basis, but the revenues are growing at pretty remarkable rates. Thirty-six percent growth is expected in 2025, which is then expected to accelerate to 64.59% growth next year. At the top of that table of the quarterly EPS surprises, see that even though the company is still losing money, they have beat analyst expectations in the prior 3 quarters by 25.27%, 8.97%, and 32.74%. In the race to widescale AI adoption and legacy business model disruption, this momentum-driven market is more focused on topline growth. It won’t be forever, but it is now, so we must trade and invest in the market we have. And this market requires aggressive and decisive behavior with embedded risk management. The daily chart shows the triple top consolidation born in August through today below that 61.8% retracement on the weekly. With Tuesday’s Palantir driven selloff from fear of richly valued AI growth stocks, LMND is showing impressive relative strength down only 2.5% as I type. We’ve been holding LMND in our Tactical Alpha Growth (TAG) portfolio since our Sept 15 rebalance and just today we added a half size position to our Active Opps portfolio with stop losses around $55.00. If we can get the ‘squeeze’ up and through $62.00 we’ll add the other half and trail stop losses today’s entry price. -Todd Gordon, Founder of Inside Edge Capital, LLC We offer active stock alerts , portfolio management, as well as regular market updates like the idea presented above. DISCLOSURES: Gordon owns LMND personally and in his wealth management company Inside Edge Capital. All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY . THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. THE CONTENT IS GENERAL IN NATURE AND DOES NOT REFLECT ANY INDIVIDUAL’S UNIQUE PERSONAL CIRCUMSTANCES. THE ABOVE CONTENT MIGHT NOT BE SUITABLE FOR YOUR PARTICULAR CIRCUMSTANCES. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR. Click here for the full disclaimer.
LAS VEGAS, November 4, 2025 – Johnson & Johnson MedTech, a global leader in the field of circulatory restoration, today announced the one-year results in patients treated with its Shockwave Javelin Peripheral IVL Catheter, a novel Forward IVL platform designed to modify calcified occlusive or extremely narrowed lesions in patients with peripheral artery disease (PAD). The results, presented as a late-breaking clinical trial at the annual Vascular InterVentional Advances (VIVA) meeting, demonstrate low rates of major amputation and cardiovascular death in a high-risk, complex patient population.
“These one year outcomes show that Shockwave Javelin demonstrated lasting durability, with most patients remaining free from repeat intervention,” said JD Corl, M.D., F.A.C.C., F.S.C.A.I., Medical Director of the PAD/CLI Program at The Lindner Center for Research and Education at The Christ Hospital and Principal Investigator of the FORWARD PAD study.† “Severe calcification has long been one of the greatest challenges in endovascular treatment of PAD, driving higher rates of complications, mortality and limb loss. Until now, clinicians lacked a technology that could modify calcium safely to enable the crossing of heavily stenosed lesions. These results demonstrate that IVL is not just overcoming that barrier—it is redefining what’s possible and enabling optimized outcomes for a broader population of PAD patients.”
Key findings from the one-year data analysis include:
Low Rates of Major Amputation: The 12-month rate of target limb major amputation was 1.0%.
Low Rates of Cardiovascular Death: At one year, the cardiovascular death rate was 3.9%.
CD-TLR Rate of 14.7%.
Durable Patency: At one-year, primary patency above-the-knee (ATK) was 72.7% and below-the-knee (BTK) 61.5%.
“These one-year data strengthen our conviction in Javelin as a safe, effective solution for modifying and crossing the most complex PAD lesions,” said Nick West, M.D., Chief Medical Officer at Shockwave Medical. “The durable benefits we’re seeing—specifically in difficult-to-cross, severely calcified disease—signal a step change in how clinicians can approach these cases. We remain committed to advancing innovations that expand options and elevate outcomes for PAD patients.”
Peripheral artery disease is the narrowing or blockage of the vessels that carry blood from the heart to the legs, reducing blood flow and affecting more than 12 million people in the U.S. alone.1 People suffering from PAD have an impaired quality of life and increased risk of heart attack or stroke.2 Chronic limb-threatening ischemia is the most advanced and serious form of PAD, impacting nearly 2 million patients in the U.S. It is associated with 40% major amputations at one year and a 50% mortality rate at five years,3 worse than many forms of cancer.4
The feasibility and IDE studies of the Shockwave Javelin IVL catheter, MINI S and FORWARD PAD, respectively, were prospective, multi-center, single-arm, angiographic core-lab adjudicated studies with similar inclusion and exclusion criteria. The studies enrolled 110 patients, with 103 with heavily calcified, stenotic peripheral arterial lesions. The average lesion length was 77mm, just under half of the target lesions were located below the knee, and over a third were chronic total occlusions.
About Shockwave Medical Shockwave Medical, Inc., part of Johnson & Johnson MedTech, is a leader in the development and commercialization of innovative products that are transforming the treatment of cardiovascular disease. Its first-of-its-kind Intravascular Lithotripsy (IVL) technology has transformed the treatment of atherosclerotic cardiovascular disease by safely using ultrasonic pressure waves to disrupt challenging calcified plaque, resulting in significantly improved patient outcomes. Its Reducer technology, which is under clinical investigation in the United States and is CE Marked in the European Union and the United Kingdom, is designed to provide relief to the millions of patients worldwide suffering from refractory angina by redistributing blood flow within the heart. Learn more at www.shockwavemedical.com.
Cardiovascular Solutions from Johnson & Johnson MedTech Across Johnson & Johnson, we are tackling the world’s most complex and pervasive health challenges. Through a cardiovascular portfolio that provides healthcare professionals with advanced mapping and navigation, miniaturized tech, and precise ablation, we are addressing conditions with significant unmet needs such as heart failure, coronary artery disease, stroke, and atrial fibrillation. We are the global leaders in heart recovery, circulatory restoration and the treatment of heart rhythm disorders, as well as an emerging leader in neurovascular care, committed to taking on two of the leading causes of death worldwide in heart failure and stroke.
About Johnson & Johnson At Johnson & Johnson, we believe health is everything. Our strength in healthcare innovation empowers us to build a world where complex diseases are prevented, treated, and cured, where treatments are smarter and less invasive, and solutions are personal. Through our expertise in Innovative Medicine and MedTech, we are uniquely positioned to innovate across the full spectrum of healthcare solutions today to deliver the breakthroughs of tomorrow and profoundly impact health for humanity. Learn more about our MedTech sector’s global scale and deep expertise in cardiovascular, orthopaedics, surgery and vision solutions at https://thenext.jnjmedtech.com. Follow us at @JNJMedTech and on LinkedIn.
Cautions Concerning Forward-Looking Statements This press release contains “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995 related to Shockwave Peripheral IVL Catheter. The reader is cautioned not to rely on these forward-looking statements. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or known or unknown risks or uncertainties materialize, actual results could vary materially from the expectations and projections of Johnson & Johnson. Risks and uncertainties include, but are not limited to: competition, including technological advances, new products and patents obtained by competitors; uncertainty of commercial success for new products; the ability of the company to successfully execute strategic plans; impact of business combinations and divestitures; challenges to patents; changes in behavior and spending patterns or financial distress of purchasers of health care products and services; and global health care reforms and trends toward health care cost containment. A further list and descriptions of these risks, uncertainties and other factors can be found in Johnson & Johnson’s most recent Annual Report on Form 10-K, including in the sections captioned “Cautionary Note Regarding Forward-Looking Statements” and “Item 1A. Risk Factors,” and in Johnson & Johnson’s subsequent Quarterly Reports on Form 10-Q and other filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov, www.jnj.com, www.investor.jnj.com or on request from Johnson & Johnson. Johnson & Johnson does not undertake to update any forward-looking statement as a result of new information or future events or developments.
Footnotes †Dr. Corl is a paid consultant for Shockwave Medical. He has not been compensated in connection with this press release.
