Latest Johnson & Johnson News

Oklahoma judge to deliver judgment in state's opioid lawsuit

Aug. 26, 2019 12:03 AM EDT

NORMAN, Okla. (AP) — An Oklahoma judge is expected to rule Monday in the first state case to go to trial accusing an opioid drugmaker of being responsible for the devastating consequences arising from addiction to the powerful painkillers. Cleveland County District Judge Thad Balkman is scheduled to...

West Virginia AG sues opioid makers, says they hid risks

Aug. 23, 2019 5:17 PM EDT

CHARLESTON, W.Va. (AP) — West Virginia's top prosecutor filed suits Friday against the major opioid makers Johnson & Johnson and Teva Pharmaceuticals USA for misrepresenting the risks of their painkilling drugs. The separate suits filed in Boone County, West Virginia, by Attorney General Patrick...

Trump signs student debt forgiveness for disabled veterans

Aug. 21, 2019 6:16 PM EDT

LOUISVILLE, Ky. (AP) — Hundreds of millions of dollars in federal student loan debt owed by tens of thousands of disabled military veterans will be erased under a directive President Donald Trump signed Wednesday. Trump ordered the Education Department to "eliminate every penny of federal student loan...

Oklahoma judge expected to rule Monday in opioid case

Aug. 21, 2019 3:40 PM EDT

NORMAN, Okla. (AP) — An Oklahoma judge is expected to rule next week on whether consumer products company Johnson & Johnson helped fuel the state's opioid epidemic in the first such case against a drugmaker to go to trial. A court spokesman says Cleveland County District Judge Thad Balkman is expected...

Top US CEOs rethink the meaning of shareholder value

Aug. 19, 2019 8:49 PM EDT

The "shareholder comes first" has for years been the mantra of the Business Roundtable, a group that represents the most powerful CEOs in America and their thinking. The group's new principles on the role of a corporation released Monday imply a foundational shift, putting shareholders on more equal footing with...

Brand-name drug prices rising at slower pace, lower amounts

Aug. 19, 2019 4:42 PM EDT

TRENTON, N.J. (AP) — Drug companies are still raising prices for brand-name prescription medicines, just not as often or by as much as they used to, according to an Associated Press analysis. After years of frequent list price hikes, many drugmakers are showing some restraint, according to the analysis of...

Democratic hopefuls take aim at insurer and pharma profits

Aug. 11, 2019 7:42 AM EDT

WASHINGTON (AP) — Sen. Bernie Sanders and other progressives seeking the Democratic presidential nomination are zeroing in on pharmaceutical and insurer profits, money they say would be better spent providing health care for everyone under "Medicare for All." Their idea: Health care dollars from government...

Greek court convicts 13 over orthopedic product procurements

Jul. 30, 2019 11:58 AM EDT

ATHENS, Greece (AP) — A Greek court has convicted 13 people in connection with alleged corruption during state hospital purchases from DePuy, a subsidiary of U.S. healthcare giant Johnson & Johnson. The Athens criminal court on Tuesday acquitted another seven people over the same case, in which Greek...

Markets Right Now: Stocks end mostly lower on Wall Street

Jul. 29, 2019 4:09 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are ending mostly lower on Wall Street as losses for banks and communications companies offset gains in other sectors. Wells Fargo gave up 2.1% Monday and Capital One lost 1.2%. Banks were hurt by a decline in...

GOP medical tech exec Kendall Qualls to run for Congress

Jul. 25, 2019 3:01 PM EDT

MINNEAPOLIS (AP) — Republican medical technology executive Kendall Qualls will launch a congressional bid Monday, his campaign said, taking aim at first-term Democratic Rep. Dean Phillips in a swing suburban district. Qualls was to announce his bid in a video posted to his website and social media...