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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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For the fiscal year 2023, Johnson & Johnson reported earnings of $35.15 billion, with an annual revenue of $85.16 billion, an increase of 10.57% over the previous fiscal cycle. Johnson & Johnson's shares traded at over $160 per share, and its market capitalization was valued at over $386.7 billion in July 2024. [125]
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.
A securities class action was initiated in the United States District Court of New Jersey by law firm Kessler Topaz Meltzer & Check, LLP on 9 October 2023. The action alleged that Kenvue was in violation of federal securities laws - having made fraudulent and misleading statements, including omissions, about the company's internal control and financial reporting.
Burning Man 2023, September 2023 southwestern U.S. floods. Heavy flooding at the Burning Man festival in Nevada, United States, kills one person and leaves tens of thousands of people stranded in the Black Rock Desert. Organizers close the festival to vehicles after the death was reported. International relations. Nuclear program of Iran
Gerber just so happens to make a great one, a 12-in-1 tool that combines needle nose pliers, wire cutters, tweezers, a bottle opener, retail package opener, plain edge blade folding knife ...
When and Where Will the 2023 People’s Choice Country Awards Take Place? The inaugural event is set for Thursday, September 28, in Nashville, Tennessee. The show will begin at 8 p.m. ET. and air ...