J&J loses its battle to overturn a $4.7B baby powder verdict
Things just went from bad to worse for consumer product giant Johnson & Johnson. After losing more than $40 billion in value amid an explosive Reuters report that it knew its iconic baby powders, at times, tested positive for asbestos, a carcinogen—it lost its bid to overturn a $4.7 billion verdict to plaintiffs who blamed the product for giving them cancer.
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