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Jim Cramer expressed optimism about Abbott Laboratories following a favorable jury verdict in a significant court case, which alleviates some litigation concerns surrounding its infant formula. The company, facing over a thousand claims related to necrotizing enterocolitis, saw its shares rise 4.61% after the jury found it not liable in the second trial. Cramer highlighted Abbott's strong fundamentals and core businesses, particularly in medical devices, and noted that the ruling could enhance Abbott's position in future cases and potential settlements.
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Jim Cramer optimistic on Abbott Labs after court victory boosts stock
Abbott Laboratories
USA
National Institutes on Health
Center for Disease Control and Prevention
Food and Drug Administration
Jim Cramer
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00:31 02.11.2024
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