J&J moves to limit impact of Reuters report on asbestos in Baby Powder | Reuters
Johnson & Johnson is on the defensive. A Reuters report that said the company sold baby powder knowing that it was laced with asbestos has sent the stock collapsing. In two days, it lost over $50 billion in marketcap. It also put the company on it's heels having to defend the accusation. On Monday, executives from the company hit the media circuit to try and reign in the damage.
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Oh if that would be true then the babies might be the big victims... but it could also be fakr news to damage the product.
I read about this. If it is true, it is horrific. How could anyone do such a thing? All involved should go to jail if this is found to be legitimate. This could kill people.
This product is very popular for kids