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The company stopped selling talc-based baby powder in favor of cornstarch-based products, citing an increase in lawsuits and "misinformation" about the talc product's safety.
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Pakistan holidays are celebrated according to the Islamic or local Pakistani calendars for religious and civil purposes, respectively. Religious holidays such as Eid are celebrated according to the Islamic calendar whereas other national holidays such as Labour Day, [1] Pakistan Day, Independence Day, and Quaid-e-Azam Day are celebrated according to the Gregorian calendar.
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That would cap its liability for all existing and future talc claims at the $8 billion it agreed to place in a settlement trust. J&J agreed to fund the proposed settlement trust over 25 years.
J&J’s proposed settlement represents just 7.8% of its $85.2 billion in annual sales for 2023. Johnson & Johnson’s latest gambit to solve its massive talcum powder asbestos issue: A $6.5 ...
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JPMorgan Chase analysts in a separate note after J&J earnings last week said the talc settlement progress was "one of the most important drivers" of the company's stock in 2023.