Tag: jj
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Johnson & Johnson swings to loss as it books multibillion-dollar charge to settle talc claims
[ad_1] Johnson & Johnson’s stock reversed early gains to trade down 2% Tuesday, after the company swung to a first-quarter loss as it booked a multibillion-dollar charge to settle lawsuits stemming from its talc-containing powders. The loss came even as the consumer health and pharmaceutical company beat consensus estimates for the period, raised its full-year…