Asbestos in Johnson & Johnson baby talc leads to fall in shares
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After a report appeared in the Reuters, the shares of the Johnson & Johnson have gone down by 12% on Friday. This much fall in the shares has happened for the first time in the last 16 years. The report Reuters shared says that the company was very well aware of the fact that the baby powder it manufactures contains cancer-causing asbestos. The report has wiped off $47 billion from the company’s market capitalization.