J&J will appeal $1 billion in punitive damages to six people injured by a hip implant. The plaintiffs' lawyer argued two losses in Pinnacle cases should convince J&J to settle.
U.S. stock futures slip and oil prices decline ahead of the U.S. payrolls report for November; Starbucks falls after CEO Howard Schultz announces he will step down in April 2017.
Jim Cramer is watching Johnson & Johnson, which may buy a Swiss drugmaker. Cramer says it's important to see how the deal is structured.
European stocks ended Tuesday's session with modest gains, although the FTSE 100 drifted lower amid the global oil selloff.