Johnson and Johnson issued a recall on a batch of its baby powder after a small trace of cancer-causing chrysotile asbestos was found in the product.
Johnson & Johnson recalls baby powder after discovering small amounts of asbestos Nathan Bomey USA TODAY Published 1:36 PM EDT Oct 18, 2019 Johnson & Johnson is recalling a batch of its baby powder after discovering small amounts of cancer-causing chrysotile asbestos in the product. The recall comes as the company remains embroiled in a controversy over accusations that talc in its baby powder caused ovarian cancer, a connection the company has repeatedly denied.
Matt Rourke, Matt Rourke, AP Still, investors are concerned. The company's stock fell 2.8% in early trading to $132.41, reflecting a loss of more than $12 billion in market capitalization. The company has been fighting thousands of lawsuits over the talc in its baby powder.
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