Also,CVS Health(NYSE:CVS) is taking extra precautions, removing the 22-ounce baby powder from its “digital” shelves. That might inspireAmazon(NASDAQ:AMZN) and other e-commerce companies to do the same. Simply put, there’s no point in sharing liability with Johnson and Johnson. For right...
Johnson & Johnson is abandoning talc-based baby powder next year and instead will make it with cornstarch. Its talc-based powder, which hasn’t been sold in the United States and Canada since 2020, is at the center of tens of thousands of lawsuits filed by women who have developed ovari...
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Then there is baby powder. There have been13,000 lawsuitsfiled against Johnson & Johnson over the last two years, charging cancer-causing asbestos has been in the product for decades. CEO Alex Gorsky was forced to testify in one such lawsuit,which the company lost. An appeal is pending. Th...
Powered By WizardRSS.com|Full Text RSS Feed|Amazon Wordpress Plugin|Android Forum|Hud Software Note: Do not read on if you have not seen Season 1, Episode 9 of ABC's "Once Upon a Time," entitled "True North." While "Once Upon a Time" is fast becoming known for its original twists...
Amazon was founded as an online bookseller in 1995. Founder Jeff Bezos wanted to name it Cadabra but was convinced by an advisor that it sounded too much like the word cadaver. Bezos is the richest person in the world, with a fortune most recently estimated at $171.6 billion, and that’...
Johnson & Johnson posted stronger-than-expected first quarter earnings Tuesday but lowered its full-year profit forecast, and suspended its guidance for vaccine sales amid what it called a global surplus and waning demand.
Outside the pharmaceutical business, JNJ stock is a slow-growth or no-growth prospect. Its popular consumer brands — products like baby powder and shampoo — of $3.3 billion were down 1.6% against the prior year, and sales of its medical devices, $6.6 billion, increased just 1.1%. ...