MarketFoolery, Nov. 5, 2013

Updated
MarketFoolery, Nov. 5, 2013

The following video is from Tuesday's MarketFoolery, in which host Chris Hill and Motley Fool analysts Tim Hanson and Matt Koppenheffer take a Foolish stroll through the biggest business and investing stories of the day.

Hedge fund giant SAC Capital will pay a fine of $1.8 billion as part of a deal requiring the company to plead guilty to criminal fraud charges. The fine will be the largest ever for insider trading. In today's lead story on MarketFoolery, Tim and Matt discuss the hedge fund's manager, Steve Cohen, and his future as well as that of SAC, and they also take a look at how this may affect some of the big banking institutions that do business with SAC, such as Goldman Sachs, Citigroup, and JPMorgan Chase.

Also, in what will be the third-largest pharmaceutical settlement in U.S. history, Johnson & Johnson has agreed to pay more than $2.2 billion in criminal and civil fines to settle accusations that it improperly promoted the antipsychotic drug Risperdal to older adults, children, and people with developmental disabilities. JNJ CEO Alex Gorsky served both as the vice president for sales and marketing, and later the president, of the company's pharmaceutical unit during the period in question, between 1999 and 2005. Should Gorsky be ousted for his role in the scandal? Matt and Tim discuss Alex Gorsky, Johnson & Johnson, and the severity of the accusations.


And finally, the guys give their thoughts on the merger between TRI Pointe Homes and Weyerhaeuser.

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The article MarketFoolery, Nov. 5, 2013 originally appeared on Fool.com.

Chris Hill owns shares of Johnson & Johnson. Matt Koppenheffer owns shares of Goldman Sachs, Citigroup, and JPMorgan Chase. Tim Hanson has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs and Johnson & Johnson and owns shares of Citigroup, Johnson & Johnson, and JPMorgan Chase. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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