Johnson & Johnson Strongly Defends Baby Powder in National Ad Campaign

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Furthermore, the company noted that the Reuters reporter told CNBC and MSNBC during an interview, “There’s no evidence that what [J&J is] selling today has any asbestos in it.”

Despite Johnson &Johnson’s effort defending its Baby Powder, investors remained spooked. JNJ stock was down nearly 3 percent to $129.14 per share today.