J&J slashes third-quarter profit by $3 billion over proposed opioid deal

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Buy Johnson & Johnson (JNJ) on Baby Powder Weakness - Bernstein

October 25, 2019 8:48 AM EDT

Bernstein analyst Lee Hambright highlights that Johnson & Johnson (NYSE: JNJ) has lost $23 billion in market cap since October 18th, when the company announced a voluntary baby powder recall (33,000 bottles) after the FDA found asbestos at 0.00002% concentration in a sample from a single bottle purchased... More