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J&J Announces $5 Billion Share Buyback After Shares Extend Losses

Video Credit: Wochit - Duration: 00:39s - Published < > Embed
J&J Announces $5 Billion Share Buyback After Shares Extend Losses

J&J Announces $5 Billion Share Buyback After Shares Extend Losses

According to Reuters, Johnson & Johnson announced a stock repurchase of up to $5 billion on Monday.

The announcement comes after a report said that the healthcare conglomerate knew for decades that its Baby Powder contained cancer-causing asbestos.

In response to the report, the company said on Friday “any suggestion that Johnson & Johnson knew or hid information about the safety of talc is false.

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