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Wells Fargo, a US bank, has described the drop in the Johnson & Johnson pharmaceutical and hygiene products market (-9.95%) as "excessive" on Wall Street, after a report that current for decades. that his talcum powder contained asbestos.
The bank told customers that it was still convinced that "Johnson & Johnson's (J & J) shares would give better results" despite these claims, as well as the sale of its shares. in the New York public prosecutor "is probably exaggerated", according to CNBC.
The value of J & J's shares collapsed, shortly after the Reuters news agency had published an article in which it claimed that the company had been known for decades. that its talcum powder contained asbestos, mineral composition and similar characteristics to those of asbestos and having adverse effects on health.
For its part, J & J indicted the information in a statement.
"Reuters 'article is one-sided, false and incendiary – in short, Reuters' story in an absurd conspiracy theory that has apparently lasted more than forty years and which has been orchestrated by generations of global regulators and of leading scientists and universities, as well as by the largest independent laboratories J & J's own employees, "said the company.
In August 2017, an American jury sentenced J & J to pay $ 417 million for failing to warn of the cancer risk badociated with the use of its talc-based products and, in July 2018, another jury ordered the company to pay $ 4,690 million to 22 women and their families. who blame their talc-based products for causing them to have ovarian cancer.
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