Johnson & Johnson tumbles after report says it knew for decades that its baby powder contained asbestos
Johnson & Johnson sank 8% on Friday after Reuters reported the company knew for decades that its baby powder contained asbestos.
Reuters reviewed documents from at least 1971 to the early 2000s that it said showed powders sometimes tested positively for small traces of asbestos.
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Johnson & Johnson shares sank 8% Friday after Reuters reported that the pharmaceutical giant knew for decades that its baby powder contained asbestos.
Reuters reviewed documents, deposition, and trial testimony from at least 1971 to the early 2000s that it said showed powders and raw talc sometimes tested positively for small traces of asbestos.
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Report Alleges Johnson & Johnson Withheld Information About Trace Amounts of Asbestos in Baby Powder for Decades – Adweek