Latest Johnson & Johnson News

Opioid industry presses for settlement as trial looms

Oct. 17, 2019 1:07 AM EDT

CLEVELAND (AP) — With a trial looming, major drug distributors and manufacturers are pressing to settle thousands of claims against them related to the nation's persistent opioid crisis. The companies are negotiating with state attorneys general as jury selection is expected to wrap up on Thursday in the...

Opioid settlement talks broaden ahead of 1st federal trial

Oct. 16, 2019 9:41 PM EDT

CLEVELAND (AP) — Efforts to settle thousands of lawsuits related to the nation's opioid epidemic intensified Wednesday ahead of the scheduled start of arguments in the first federal trial over the crisis. A person with knowledge of the negotiations told The Associated Press that three major drug...

Asian shares rise after Wall Street gain on solid earnings

Oct. 15, 2019 10:43 PM EDT

TOKYO (AP) — Asian shares were higher Wednesday after a gain on Wall Street boosted by healthy earnings reports from U.S. companies. Japan's benchmark Nikkei 225 rose 1.6% in morning trading to 22,554.05, while Australia's S&P/ASX 200 gained 1.0% to 6,720.10, while South Korea's Kospi added 0.6% to...

Judge says he miscalculated award by $107M in opioid case

Oct. 15, 2019 5:43 PM EDT

OKLAHOMA CITY (AP) — An Oklahoma judge on Tuesday acknowledged making a nearly $107 million miscalculation in determining how much drug maker Johnson & Johnson must pay the state to help address the state's opioid crisis. Following a hearing in Cleveland County, District Judge Thad Balkman acknowledged...

Missouri appeals court overturns $110 million talc verdict

Oct. 15, 2019 5:37 PM EDT

ST. LOUIS (AP) — A Missouri appeals court has overturned a $110 million verdict in a case alleging that Johnson & Johnson products containing talcum powder caused a Virginia woman's ovarian cancer. The appeals court ruling Tuesday reversed a 2017 judgment on behalf of Lois Slemp. She is among many...

JPMorgan, J&J rise; American Tower, Whiting Petroleum fall

Oct. 15, 2019 4:37 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday. UnitedHealth Group Inc., up $18 to $238.59 The nation's largest health insurance company raised its profit forecast after beating Wall Street's third-quarter financial expectations. Johnson & Johnson, up $2.12 to $132.84 The...

Higher 3Q profit, improved outlook for Johnson & Johnson

Oct. 15, 2019 10:56 AM EDT

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson's third-quarter profit jumped 23%, beating Wall Street forecasts, thanks to higher sales of its key medicines for cancer and immune disorders and an acquisition-related charge a year earlier. The world's biggest maker of health care products also raised its...

Asia shares mixed as optimism over China-US trade deal fades

Oct. 15, 2019 1:06 AM EDT

BANGKOK (AP) — Shares were mixed in Asia on Tuesday after a wobbly day of trading on Wall Street. Japan's Nikkei 225 index jumped 1.8% to 22,194.94 as Tokyo reopened from a public holiday and investors caught up on the news of a preliminary trade deal between China and the U.S. struck Friday in Washington....

Asian shares mostly higher amid renewed trade deal hopes

Oct. 10, 2019 12:09 AM EDT

TOKYO (AP) — Asian shares were mixed Thursday following broad gains on Wall Street as investors pondered mixed reports on the likelihood of progress in resolving the trade war between the U.S. and China. Japan's benchmark Nikkei 225 added 0.3% to 21,509.54 in early trading. Australia's S&P/ASX 200 lost...

FireEye, Liberty Latin rise while James River, J&J fall

Oct. 9, 2019 4:47 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday. FireEye Inc., up 69 cents to $14.53 The cybersecurity company told investors that its third quarter revenue will hit the high end of its forecast and possibly top its expectations. Liberty Latin America Ltd., up 51 cents to...