Johnson & Johnson’s stock prices fell more than 10 percent – from $147 per share to $130 – after Reuters reported that an examination of the company’s internal documents revealed that J&J’s talcum powder was contaminated with cancer-causing asbestos and that the company took measures to hide this information from regulators and the public. The consumer health care giant, facing more 11,000 lawsuits alleging its talc-containing products have caused cancers like mesothelioma and ovarian cancer, has continuously defended the safety of its products. And while J&J has won some of the cases, its losses have been substantial, including a $4.69 ... Read More
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