Daily Management Review

Johnson & Johnson paper collapse amid investigation of asbestos content in J&J products


07/15/2019


Quotes of the company fell by 4% after appearance of information about a criminal investigation in the United States.



Open Grid Scheduler via flickr
Open Grid Scheduler via flickr
The US Department of Justice is conducting a criminal investigation into Johnson & Johnson Corporation’s possible concealment of risks of cancer when using talcum powder, Bloomberg reported.

According to the agency, it is about a new investigation. A grand jury in Washington is examining documents containing testimony from Johnson & Johnson about their awareness of the possible levels of carcinogenic substances in the company's products.

After the publication of this information, the company's shares came under serious pressure and, as a result of Friday's trading on the New York Stock Exchange, fell by 4%, showing a “worse than the market” dynamic among large companies in the consumer sector.

Bloomberg also noted that this is not the first example of a collapse of Johnson & Johnson quotes over the past few years in connection with reports of a possible asbestos content in the company's products.

source: bloomberg.com






Science & Technology

Apple to come up with AR glasses

WEF: Big data regulation becomes a problem

Israeli Firm Accused Of Spying By WhatsApp, Lawsuit Filed Against It

Google Used Quantum Computer To Solve Complex Problem

Mars Had Earth-like Salt Lakes

Study: AI is not as profitable as you might think

Porsche, Boeing set to develop flying electric car

Samsung to invest $ 11 billion in new generation displays

US is betting on Nokia and Ericsson to replace Huawei

UPS becomes first to receive full regulatory approval for UAV shipping in USA

World Politics

World & Politics

Vale hiding information about problems at Brazilian dams could result in death of 270 people

US Lawmakers Introduce Bill About Xinjiang Uygur Camps In China

European Council agrees to extend Brexit again

Pressure From China Forces Maserati To Dissociate From Film Awards Event In Taiwan

China to replace Hong Kong's Carrie Lam

Iran warns of new reduction in nuclear deal liabilities

Dominican Republic lost $ 200 million because of scandal with tourists death

France: We will take measures to protect our military in Syria