Latest Johnson & Johnson News

Oklahoma judge reduces J&J order in opioid lawsuit by $107M

Nov. 15, 2019 5:34 PM EST

OKLAHOMA CITY (AP) — An Oklahoma judge who last summer ordered consumer products giant Johnson & Johnson to pay $572 million to help address the state’s opioid crisis on Friday reduced that amount in his final order in the case by $107 million because of his miscalculation. District Judge Thad...

Amarin, JC Penney post gains while Nvidia and Arrowhead slip

Nov. 15, 2019 4:46 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday: Amarin Corp., up $2.53 to $24.02 Government health experts recommended broader use of the pharmaceutical company’s fish-oil based heart disease drug Vascepa. RH, up $13.25 to $188.47 Berkshire Hathaway increased its...

Stocks mixed as uncertainty reigns in US-China trade talks

Nov. 11, 2019 11:40 PM EST

BANGKOK (AP) — Shares were mixed in Asia on Tuesday as investors awaited cues on trade talks between China and the U.S. The next hints on progress in the negotiations between Beijing and Washington could come later in the day, when Trump is scheduled to give a speech on trade and economic policy at the...

Asian markets follow Wall Street higher after Fed rate cut

Oct. 31, 2019 1:32 AM EDT

BEIJING (AP) — Most Asian stock markets followed Wall Street higher on Thursday after the Federal Reserve cut a key interest rate. Tokyo, Hong Kong and Seoul advanced. Shanghai retreated 0.1% after Chinese factory activity weakened more than expected in October. Investors welcomed the Fed's third rate cut...

Mattel and GE march higher while Yum, C.H. Robinson slip

Oct. 30, 2019 4:27 PM EDT

Stocks that moved substantially or traded heavily on Wednesday. Mattel Inc., up $1.46 to $12.02 The toy maker handily beat analysts' third-quarter profit forecasts on strong sales of its Barbie and Hot Wheels brands. General Electric Co., up $1.04 to $10.11 The industrial conglomerate raised its forecast for a...

J&J says new tests find no asbestos in recalled baby powder

Oct. 29, 2019 9:03 PM EDT

WASHINGTON (AP) — Johnson & Johnson said Tuesday that new testing of a batch of baby powder that was recently recalled did not show any traces of asbestos. Earlier this month the company recalled 33,000 bottles of its talc powder after Food and Drug Administration testing revealed trace amounts of the...

Oklahoma governor, lawmakers weigh in on opioid judgment

Oct. 28, 2019 6:54 PM EDT

NORMAN, Okla. (AP) — Oklahoma's governor and Republican legislative leaders are telling the judge who ordered a drugmaker to pay $572 million to help clean up the state's opioid crisis that the company should be responsible for additional payments if more money is needed to fully abate the problem. Gov....

Retailers pull Johnson's baby powder after recall

Oct. 25, 2019 3:36 PM EDT

Walmart, CVS and Rite Aid have pulled some or all 22-ounce bottles of Johnson's baby powder from shelves to avoid confusing consumers, after a minuscule amount of asbestos was found in one bottle. Johnson & Johnson recalled all 33,000 bottles from the same lot as that bottle last Friday, a day after the U.S....

J&J sets aside $4 billion for proposed opioid settlement

Oct. 23, 2019 6:47 PM EDT

Johnson & Johnson says it has set aside $4 billion for its share of a proposed multistate agreement to settle opioid litigation, a step that forced it to slash its recently reported financial results. In a Securities and Exchange Commission filing Wednesday, J&J said the charge cuts third-quarter net...

$260 million deal averts 1st federal trial on opioid crisis

Oct. 21, 2019 5:23 PM EDT

CLEVELAND (AP) — The nation's three biggest drug distributors and a major drugmaker agreed to an 11th-hour, $260 million settlement Monday over the terrible toll taken by opioids in two Ohio counties, averting the first federal trial over the crisis. The trial, involving Cleveland's Cuyahoga County and...