Tag Archives: Johnson

Johnson & Johnson CEO testified Baby Powder was safe 13 days before FDA bombshell

LOS ANGELES/NEW YORK (Reuters) – Facing off against a plaintiff’s lawyer for the first time about Johnson & Johnson’s Baby Powder, the company’s Chief Executive Alex Gorsky earlier this month insisted that the company’s iconic brand was safe. “We unequivocally believe that our talc and our baby powder does not contain asbestos,” Gorsky testified in… Read More »

Johnson & Johnson earnings beat expectations despite legal challenges from opioids and talc

Johnson & Johnson on Tuesday reported third-quarter earnings and revenue that beat expectations, boosted by higher sales of cancer and other prescription drugs, despite multimillion-dollar legal problems from talc and opioids. Here’s what the company reported compared with Wall Street estimates, based on a survey of analysts by Refinitiv: Adjusted earnings per share: $ 2.12… Read More »