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Johnson & Johnson’s stock slammed after report it knew of asbestos in baby powder
Reuters said an examination of internal company memos and other documents found the New Jersey—based company was aware of the presence of small amounts of asbestos in its products from as early as but failed to disclose that fact to regulators or to the general public. The documents showed that, internally, executives, mine managers, scientists, doctors and lawyers were worried about the problem of its raw talc and finished powders testing positive for the substance.
But they denied all claims until they were compelled to share thousands of pages of documents with lawyers, representing some 11, plaintiffs who claim the talc gave them cancer, including thousands of women with ovarian cancer, the report found. In , the company told the U. In case you missed it: A third jury in St. Louis found for 22 plaintiffs claiming it caused ovarian cancer, a far more common disease than mesothelioma. Other juries have rejected claims, and still others have failed to reach verdicts.
See now: Ciara Linnane is MarketWatch s investing- and corporate-news editor. She is based in New York. Economic Calendar Tax Withholding Calculator. Sign Up Log In. You can enjoy full access to Barron s coverage on MarketWatch with a Barron s subscription. Already a Barron s subscriber? Sign in. Already a subscriber? See the Latest Subscribe. Home Industries Consumer Products.
By Ciara Linnane. Comment icon. Text Resize Print icon. Getty Images. By Ciara Linnane Corporate news editor. CFRA downgraded the stock to hold from buy on the news. At the time, the regulator was considering limits on asbestos in cosmetic talc products. More from MarketWatch Why does the early-retirement movement have so many haters?
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To use: To moisturise, gently smooth over baby s entire body or apply on cotton wool to cleanse skin. While every care has been taken to ensure product information is correct, food products are constantly being reformulated, so ingredients, nutrition content, dietary and allergens may change. You should always read the product label and not rely solely on the information provided on the website.
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Hip2Save may earn a small commission via affiliate links in this post. Read our full disclosure policy here. Hop on over to Coupons. Even better, there are a few Ibotta offers available to redeem at Walmart making for some great deals! Share this: My grandma used it on 7 kids and used Shower to Shower. She died a horrific death from peritoneal mesothelioma abdominal asbestos cancer , with no one in her family around asbestos. I bought powder while expecting our first baby — happened across the news about powder being a health risk — tossed all the bottles I bought! Never buying again.
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Refrain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks, name calling or inciting hatred against any community. Help us delete comments that do not follow these guidelines by marking them offensive. Let s work together to keep the conversation civil. Open in app. Notification Center. Top Searches: Johnson and Johnson knew for decades of asbestos presence in baby powder: The last time shares of the drugmaker came under this much pressure was due to asbestos concerns back in February, after traders circulated a blog post focused on worries about what might be uncovered during litigation. Read Post a comment. Characters Remaining: Continue without login. Login from existing account Facebook Google Email. Share on Facebook Share on Twitter. All Comments Your Activity. We have sent you a verification email.
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The duo recorded their debut studio track "Fuck Dat Nigga" in August , and promoted it through social media and clubs. Later that year, the track was included in Quality Control s compilation album Control the Streets Volume 1. In May , they released their debut studio album Period. In November , their album Girl Code entered the Billboard at number From Wikipedia, the free encyclopedia. City Girls.
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