Pokemon Go goes for $4B, LVMH luxury splurges on a hotel, and Johnson & Johnson plummets 10%




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Summary: Louis Vuitton Moet Hennessy (LVMH) is the French luxury brand that just treated itself to a $3.2B hotel chain: Belmond. The augmented reality (AR) artist behind Pokemon Go is Silicon Valley’s Niantic -- and it just raised $200M so it can make you a Harry Potter AR game. And Johnson & Johnson dragged down markets by falling 10% because it turns out it knew its baby powder could kill people.