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Market
How will public perception of Philips in healthcare change by end of 2024?
4
Resolution / Starting Odds
Significantly improved • 33%
Somewhat improved • 33%
Unchanged or worsened • 34%
Consumer surveys, brand reputation analyses
Story
Philips Settles US Lawsuits Over Faulty Ventilators for $1.1B, Shares Jump 43%
Apr 29, 2024, 07:05 AM
Philips has agreed to pay $1.1 billion to settle personal injury lawsuits in the United States related to a global recall of ventilators, which were found to expel debris, used to treat sleep apnea. The settlement amount was significantly lower than the anticipated $4.5 billion, leading to a substantial increase in Philips' stock price. Shares of the Dutch medical devices maker surged by up to 43% following the announcement of the settlement, which was described as 'much milder than feared.'
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Similar markets
Increase in market share • 33%
No change in market share • 33%
Decrease in market share • 33%
Increase above $30 billion • 33%
Stable around $28.9 billion • 33%
Decrease below $28 billion • 33%
Launch of new products • 25%
Restructuring of the company • 25%
Investment in quality control improvements • 25%
No significant changes • 25%
Significantly improved • 25%
Somewhat improved • 25%
No change • 25%
Worsened • 25%
Significantly Increased • 25%
Somewhat Increased • 25%
No Change • 25%
Decreased • 25%
Significantly Improved • 25%
Slightly Improved • 25%
Unchanged • 25%
Worsened • 25%
Significantly decreased • 33%
Somewhat decreased • 33%
No significant change • 34%
Significantly decrease • 25%
Slightly decrease • 25%
Remain unchanged • 25%
Increase • 25%
High satisfaction (4-5 stars) • 34%
Moderate satisfaction (3 stars) • 33%
Low satisfaction (1-2 stars) • 33%