Johnson & Johnson sets aside $8.9 billion to settle talc claims; stock up 3%

Johnson & Johnson stock rose more than 3% in the extended session Tuesday after the company said it has proposed to pay up to $8.9 billion over 25 years to settle claims connected with cosmetic-talc litigation. Johnson & Johnson JNJ, said in a filing Tuesday that its subsidiary LTL Management LLC,…#johnsonjohnson #johnsonjohnsonjnj #ltlmanagement #llc #chapter11 #babypowder #ltl #spx
Source: Reuters: Health - Category: Consumer Health News Source Type: news
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