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.
Read more: https://www.foxbusiness.com/features/jj-loses-its-battle-to-overturn-a-4-7b-baby-power-verdict?source=Snapzu