Reuters: Johnson & Johnson Baby Powder Contains Asbestos
Johnson & Johnson's stock plunged Friday following a Reuters report that its baby powder contained asbestos.
Citing "internal documents," the outlet says the baby powder company has been hiding tests of its talc-based formula that revealed trace amounts of asbestos.
The issue has come to a head recently after multiple women claimed in a lawsuit they'd gotten ovarian cancer due to their daily use of talcum powder products.
Since Reuters' report was published, the company's stock has dropped and its market value fell by about $40 billion .
By Tina Bellon and Tom Hals (Reuters) - A key supplier of talc used in Johnson & Johnson's baby... Firstpost - Published Also reported by •Al Jazeera •Reuters
Johnson & Johnson Receives Federal Subpoena for Alleged Asbestos in Baby Powder It is the first time that the company acknowledged it had received subpoenas regarding its baby powder product line. In..
Credit: Wibbitz Top Stories Duration: 01:26Published
Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum. Fred Katayama reports.
Johnson & Johnson said the Justice Department and U.S. Securities and Exchange Commission are investigating the company amid allegations Johnson's Baby Powder is contaminated with asbestos, a mineral..
![Johnson & Johnson Receives Federal Subpoena for Alleged Asbestos in Baby Powder [Video]](https://video.newsserve.net/300/v/20190222/1261905837-Johnson-Johnson-Receives-Federal-Subpoena-for-Alleged.jpg)
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![Federal Agencies Subpoena Johnson & Johnson Over Baby Powder [Video]](https://video.newsserve.net/300/v/20190221/1902211949-Federal-Agencies-Subpoena-Johnson-Johnson-Over-Baby.jpg)
![Johnson & Johnson Says U.S. Investigating Johnson's Baby Powder [Video]](https://video.newsserve.net/300/v/20190221/1902211611-Johnson-Johnson-Says-Investigating-Johnson.jpg)
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