Commentary: J&J is a company of the ‘highest integrity.’ Investors overreact to asbestos report

The report and subsequent stock drop seem like an overreaction to a narrow set of information based on the Missouri court verdict, fueled by a group of plaintiff attorneys, and pursuing 9,000 additional cases against the company. […]The report and subsequent stock drop seem like an overreaction to a narrow set of information based on the Missouri court verdict, fueled by a group of plaintiff attorneys, and pursuing 9,000 additional cases against the company.Read More

J&J loses $39.8 billion in market value after report claims J&J knew about asbestos in baby powder

Investors sold off shares of Johnson & Johnson on Friday after a Reuters report said the company knew for decades that its baby powder contained asbestos, an allegation J&J has denied. […]Investors sold off shares of Johnson & Johnson on Friday after a Reuters report said the company knew for decades that its baby powder contained asbestos, an allegation J&J has denied.Read More

Johnson & Johnson sell-off is ‘excessive’ in light of asbestos report, says Wells Fargo

The plunge in Johnson & Johnson’s stock price following a report suggesting the company knew about asbestos in its baby powder is overdone and “excessive,” Wells Fargo said Friday. […]The plunge in Johnson & Johnson’s stock price following a report suggesting the company knew about asbestos in its baby powder is overdone and “excessive,” Wells Fargo said Friday.Read More