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Yahoo BusinessJul 17, 2018
J&J beats quarterly expectations on drug sales surge, shares jump
The healthcare conglomerate also expressed confidence that last week's finding by a Missouri jury that J&J's talc-based products caused cancer, and an order to pay a record $4.69 billion (3.56 billion pounds) to defendants, would not stand. "We are confident that there are multiple grounds for reversal of this jury verdict and that, ultimately, the case will be reversed," Chief Executive Alex Gorsky said on a call with analysts. J&J shares were up 3.2 percent at $128.70 after earlier climbing as much as 4.6 percent - the biggest one-day percentage gain in over two years.

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