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MarketWatch MarketPulseDec 14, 2018
Johnson & Johnson says Reuters report on asbestos in baby powder is 'false and inflammatory'
Johnson & Johnson said a Reuters report alleging that the drugs and consumer products company knew that its baby powder contained the carcinogen asbestos is "one-sided, false and inflammatory." "Johnson & Johnson's baby powder is safe and asbestos-free," the company said in a statement. "Studies of more than 100,000 men and women show that talc does not cause cancer or asbestos-related disease." The company's stock was down about 9% Friday after the report was published. J&J is currently dealing with thousands of lawsuits from plaintiffs who say its baby powder gave them cancer. Reuters said the company was aware of trace elements of asbestos in the talc as early as the 1970s, but did not disclose it to regulators or the general public. The move shaved about 100 points off the Dow Jones Industrial Average , which counts J&J as a member.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchDec 14, 2018
Financial News: Theresa May vows to get better Brexit deal
The U.K. prime minister on Friday said she would able to secure the "further clarifications" to her Brexit deal that she needs to win the approval of British lawmakers.

Reuters BusinessDec 14, 2018
Trump praises China move on autos, says trade deal could happen soon
U.S. President Donald Trump welcomed China's move on Friday to suspend additional tariffs on U.S.-made vehicles, saying it could help push forward a larger trade deal with Beijing.

Reuters Company NewsDec 14, 2018
UPDATE 3-LVMH splashes out on luxury hotels with $3.2 bln Belmond deal
* Deal beefs up LVMH's portfolio in 'experiential' luxury hotels

RELATED ARTICLES
Theresa May: 'If we are to leave with a deal this is it' - BBC News - BBC News (Google Business News)

Google Business NewsDec 14, 2018
Chuck Schumer just poked a huge hole in Trump's logic in the government-shutdown fight - Business Insider
Chuck Schumer just poked a huge hole in Trump's logic in the government-shutdown fight  Business InsiderSen. Chuck Schumer pointed out logical flaws in President Donald Trump's argument that the new NAFTA deal meant Mexico would pay for a border wall.

View full coverage on Google News


Google Market NewsDec 14, 2018
Trump was in the room when Michael Cohen discussed hush money deals, sources confirm - CBS News
Trump was in the room when Michael Cohen discussed hush money deals, sources confirm  CBS NewsTrump was in the room during hush money discussions with tabloid publisher  NBC NewsTrump was intimately involved in keeping his alleged mistresses quiet  The Washington PostTrump knows all about 'fake news.' He coordinated with the National Enquirer to make it.  NBC NewsWhy the National Enquirer cooperation deal is a VERY big problem for Donald Trump  CNNView full coverage on Google News
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&Johnson report asbestos baby powder
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