Streetbeat News

PUBGY

Publicis Groupe SA

https://www.publicisgroupe.com/

CEO

Arthur Sadoun

Industry

Advertising Agencies

Open

27.95

Mkt cap

28B

Volume

7.7K

High

27.95

P/E Ratio

18.37

52-wk high

29.25

Low

27.65

Div yield

0.04

52-wk low

18.51

The U.S. Department of Justice is conducting a criminal investigation into McKinsey & Company for its consulting role in advising opioid manufacturers on sales strategies, potentially including obstruction of justice. The probe, involving a grand jury in Virginia, focuses on McKinsey's work with pharmaceutical clients like Purdue, Endo International, and Mallinckrodt, all of which have filed for bankruptcy amid lawsuits over opioid marketing practices. McKinsey previously settled with all 50 states for $642 million without admitting wrongdoing.

Portfolio Pulse from Benzinga Neuro

April 25, 2024 | 5:05 am

Publicis Groupe SA (OTC:PUBGY) has agreed to a $350 million settlement over its alleged role in the opioid crisis, marking the first time an advertising firm has been held accountable in this context. The settlement, led by the New York and Colorado Attorneys General, involves eight other states and prohibits Publicis from taking on any future opioid-related projects. Publicis was accused of aiding Purdue Pharma in overprescribing opioids through misleading marketing campaigns.

Portfolio Pulse from Benzinga Neuro

February 02, 2024 | 11:21 am

UBS Group AG has launched its largest branding campaign since 2016, with the slogan 'Banking is our craft,' to drive growth and enhance its image following the acquisition of Credit Suisse. The campaign, created with Publicis Groupe SA and Prophet, will involve a significant investment in various advertising channels. It will initially launch in Britain and the U.S., followed by 10 other countries. UBS shares saw a slight decrease of 0.12% in premarket trading.

Portfolio Pulse from Lekha Gupta

January 23, 2024 | 1:19 pm

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