He studied philosophy, was awarded for his skills as a pianist, attended France’s elite Ecole Nationale d’Administration for graduate school and worked at Rothschild as a successful investment banker. French people discovered Macron when he was nominated economy minister in August 2014, after two years as a top adviser to Socialist President Francois Hollande. As a minister, he rapidly became a love-it-or-hate-it topic during family meals around the country. A package of economic measures to allow more stores to open Sundays and open up regulated sectors of the economy, known as the Macron law, drove tens of thousands of people to the streets for months of protests across France. Outspoken, he fierily advocated for pro-free market policies even as many colleagues from the governing Socialists accused him of destroying worker protections. Yet he comes from a town with working-class roots Amiens in northern France, where he was born, grew up, and met Brigitte. Observers suggested Macron played a double game when he quit the Socialist government last year without telling Hollande his true ambitions. He launched his presidential bid in November before the unpopular president had announced whether he would seek re-election. Macron’s entry into the race is viewed as one of the main factors behind Hollande’s decision not to pursue a second term.
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J&J is still struggling to boost its top line Johnson & Johnson’s first-quarter financial results again showed some of the challenges the company has faced lately. Revenue was up just 1.6% to $17.77 billion, which was about half of the growth rate investors had wanted to see. GAAP earnings actually dropped slightly from year-ago levels, due largely to a substantial boost in income tax expense. But adjusted earnings of $1.83 per share were up almost 6% from the year-earlier quarter and topped the consensus forecast for $1.77 per share. Image source: Johnson & Johnson. Once again, there was a change this quarter in the leading segment within Johnson & Johnson’s corporate structure. The medical devices business performed the best from a top-line perspective, seeing sales climb 3%. As we’ve seen in past quarters, the unit benefited from its Acuvue contact lens products, as well as electrophysiology devices for cardiovascular applications and endocutters in J&J’s advanced surgery business. The acquisitions of Abbott Medical Optics and privately held specialists Megadyne Medical Products and Torax Medical helped boost the unit’s prospects for the quarter. Consumer sales lost some momentum, seeing growth slow to just 1%. Without acquisitions, the unit would have seen its top line fall, and U.S.
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