Johnson & Johnson loses $39.8bn in value after report claims it knew about asbestos in baby powder

Prince.Skeletor

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Johnson & Johnson lost $39.8 billion in market value Friday.
A Reuters story said the company knew for decades that its baby powder contained asbestos.
J&J denied the allegation, saying in a statement the story was "one-sided, false and inflammatory" and an "absurd conspiracy theory."

Johnson & Johnson lost $39.8 billion in market value Friday after Reuters said the company knew for decades that its baby powder contained asbestos, an allegation the company denied. J&J said the story was "one-sided, false and inflammatory" and an "absurd conspiracy theory," according to a statement. Thousands of lawsuits have accused J&J's talc-based baby powder for containing asbestos and causing ovarian and over types of cancers. Investors have expressed some concern over the lawsuits, though J&J has successful won a number of cases.


They may have known for AN ENTIRE DECADE???? ASBESTOS FOR BABIESSS????

If this is true..... FUKKKKKK
 
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