Here's what we are reading this morning:
Exclusive: J&J near disclosing support for talc settlement, sources say | Reuters: Johnson & Johnson (JNJ.N), opens new tab is preparing to unveil widespread support in coming days for a $6.48 billion offer to settle tens of thousands of legal actions alleging its Baby Powder and other talc products caused cancer, two people familiar with the matter said.
Embattled $100M ‘tiny home’ builder is now exploring bankruptcy – NBC Bay Area: On Tuesday, Anchored Tiny Homes’ CEO told NBC Bay Area that it’s “too late for reorganization” and that his family-run Sacramento-area building business is exploring bankruptcy
SunPower Seeks to Designate Complete Solar as Stalking Horse in Its Bankruptcy Asset Purchase Agreement (APA): SunPower is seeking to have Complete Solar designated as the stalking horse in its Chapter 11 bankruptcy APA with a $45 million bid for certain assets
Home Depot issues a warning about the economy | CNN Business: The home improvement giant, a bellwether of consumer spending and the housing market, lowered its sales expectations for the year. It said customers were spending less on home improvement projects, pressured by higher interest rates and concerns that the economy is getting worse
Flights, Hotels and Parks Are All Flashing Travel Warning Signs - Bloomberg: Facing an uncertain outlook, consumers are getting choosier when booking vacations and holding out for discounts. ‘We’re shifting back to normal.’