Latest Johnson & Johnson News

Can Purdue Pharma's opioid settlement win judge's approval?

Sep. 16, 2019 5:12 PM EDT

BOSTON (AP) — OxyContin maker Purdue Pharma has embarked on a multibillion-dollar plan to settle thousands of lawsuits over the nation's deadly opioid crisis by transforming itself in bankruptcy court into a sort of hybrid between a business and a charity. Whether the company can pull it off remains to be...

US stock indexes end mixed; S&P 500 notches 3rd weekly gain

Sep. 13, 2019 4:48 PM EDT

The S&P 500 notched its third straight weekly gain Friday, even as the major U.S. stock indexes ended the day mostly lower. A slide in technology stocks, along with losses in consumer-focused and real estate companies, offset solid gains elsewhere in the market, including big Wall Street banks and industrial...

Judge: Drugmakers, others can face trial over opioids crisis

Sep. 3, 2019 5:22 PM EDT

A federal judge overseeing litigation related to the nation's opioid epidemic ruled Tuesday that lawsuits targeting Purdue Pharma and other drug companies can move to trial even as the OxyContin maker tries to reach a settlement. The ruling was one of several issued by U.S. District Court Judge Dan Polster, who...

SC Johnson critical of Oklahoma AG over tagline reference

Aug. 28, 2019 6:39 PM EDT

OKLAHOMA CITY (AP) — The head of SC Johnson, the company that makes household products like Windex and Drano, is threatening to sue Oklahoma's attorney general for using its "family company" tagline when referring to the similarly named company Johnson & Johnson. Wisconsin-based SC Johnson's Chief...

Asian markets mixed after Wall Street slide

Aug. 28, 2019 12:00 AM EDT

BEIJING (AP) — Asian stocks were mixed Wednesday as uneasy investors watched for signs of progress on U.S.-China trade after Wall Street slid. Shanghai retreated, Tokyo advanced and Hong Kong was unchanged. Investors who worry the U.S.-Chinese tariff war will drag the global economy into recession were...

As opioid settlements grow, so do questions about the money

Aug. 27, 2019 7:02 PM EDT

OKLAHOMA CITY (AP) — Oklahoma's legal fight against the opioid industry has racked up settlements and judgments of nearly $1 billion, but as the numbers keep rising, so do concerns over how that money will be spent. Experts say the $572 million judgment issued Monday against consumer products giant Johnson...

Johnson & Johnson, Papa John's rise; Smucker, Farfetch fall

Aug. 27, 2019 4:47 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Tuesday: Altria Group Inc., down $1.87 to $45.25 The tobacco company confirmed that it's in talks to combine with Philip Morris International. Johnson & Johnson, up $1.84 to $129.64 A $572 million ruling against the company in an...

Markets Right Now: Banks lead US stocks slightly lower

Aug. 27, 2019 4:11 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Banks led stocks modestly lower on Wall Street, erasing some of the markets' gains from a big rally a day earlier. Financial companies were weak Tuesday as investors piled into U.S. government bonds, which sent yields...

J&J bolts higher after verdict in Oklahoma opioid case

Aug. 27, 2019 2:38 PM EDT

Johnson & Johnson investors exhaled in relief Tuesday, pushing up the company's shares after an Oklahoma judge imposed a $572 million verdict for the health care giant's role in the nation's opioid crisis. During the seven week trial, state prosecutors who sought up to $17 billion described J&J as a...

What lies ahead following Oklahoma opioid judgment

Aug. 27, 2019 8:34 AM EDT

Oklahoma's $572 million judgment against Johnson & Johnson will likely be followed by more trials and legal settlements seeking to hold a drug company accountable for a U.S. opioid crisis that has ripped apart lives and communities. Monday's ruling could help shape negotiations over roughly 1,500 similar...