Axios

DESCRIPTION: Johnson & Johnson is facing two multibillion-dollar threats from court cases related to its role in the opioid epidemic and allegations its baby powder contained asbestos. To contend with the liabilities, the company is deploying legal tactics used in bankruptcy cases, including a relatively rare type of merger.

Axios Re:Cap host Felix Salmon is joined by David Warfield, a partner at Thompson Coburn and a bankruptcy expert, to unpack exactly what Johnson & Johnson’s latest moves mean for these court cases and bankruptcy law at large.

President Biden in August announced the end of America’s 20-year war in Afghanistan. But for the 800,000 American service members who participated in America's longest war, the devastating psychological and physical effects can last for decades. On this Veterans Day, we're bringing you veterans' stories from a new podcast called Third Squad.

Guests: Elliott Woods, veteran and host of the podcast Third Squad

Credits: Axios Today is produced in partnership with Pushkin Industries. The team includes Niala Boodhoo, Erica Pandey, Sara Kehaulani Goo, Julia Redpath, Alexandra Botti, Nuria Marquez Martinez, Alex Sugiura, Sabeena Singhani, Lydia McMullen-Laird, and Jayk Cherry. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893.

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• Third Squad podcast