Perhaps the bad news has now been priced into shares of Johnson & Johnson (JNJ).
As we noted yesterday:
According to Johnson & Johnson, the Reuters article is “one-sided and inflammatory.”
“Johnson & Johnson’s baby powder is safe and asbestos-free. Studies of more than 100,000 men and women show that talc does not cause cancer or asbestos-related disease. Thousands of independent tests by regulators and the world’s leading labs prove our baby powder has never contained asbes...
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