Latest Johnson & Johnson News
COVID-19 vaccine maker Novavax to chop workforce, expenses
Novavax is cutting about a quarter of its global workforce as the COVID-19 vaccine maker seeks to slash expenses while dealing with uncertain future revenue. The company said Tuesday that it expects to trim next year’s costs for research and development as well as selling, general...
J&J's Kenvue consumer health business prepares for stock IPO
Johnson & Johnson’s Kenvue consumer health business is preparing for an initial public offering of more than 151 million shares. The health care giant said late Monday that the per-share IPO price for Kenvue Inc. should range between $20 and $23. J&J said Kenvue has...
J&J sales in US rise 10%, health care giant raises dividend
Johnson & Johnson beat first-quarter expectations, as growth in cancer treatments and the health care giant's home market helped counter another revenue hit from the strong dollar. The health care giant booked a $68 million loss on a one-time charge in the quarter related to its...
Johnson & Johnson: Q1 Earnings Snapshot
NEW BRUNSWICK, N.J. (AP) — NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson (JNJ) on Tuesday reported a loss of $68 million in its first quarter. The New Brunswick, New Jersey-based company said it had a loss of 3 cents per share. Earnings, adjusted for one-time gains and costs,...
How major US stock indexes fared Wednesday 4/5/2023
Stocks closed lower on Wall Street Wednesday and Treasury yields fell following the latest signals that the U.S. economy is slowing. The S&P 500 slid 0.2% and the Nasdaq lost 1.1%. Reports on both services industries and the jobs market came in weaker than...
FedEx, Conagra rise; Schnitzer Steel, Simply Good Foods fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: FedEx Corp., up $3.44 to $229.93. The package delivery service will restructure its operations as part of a $4 billion cost-cutting plan. Johnson & Johnson, up...
J&J proposes paying $8.9B to settle talcum powder lawsuits
NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson is earmarking nearly $9 billion to cover allegations that its baby power containing talc caused cancer, more than quadrupling the amount that the company had previously set aside to pay for its potential liability. Under a proposal...
Group steers Swiss billionaire's money to liberal causes
WASHINGTON (AP) — The Berger Action Fund is a nondescript name for a group with a rather specific purpose: steering the wealth of Hansjörg Wyss, a Swiss billionaire, into the world of American politics and policy. As a foreign national, Wyss is prohibited from donating to...
