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Why Johnson & Johnson Stock Was Pulling Back Today

TheMotleyFool

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Why Johnson & Johnson Stock Was Pulling Back TodayPhoto, wide shot, wide-angle lens, Mental health care service, Midday, harsh overhead sunlight, directional sunlightt, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/7ce3b930-5e2a-4215-b686-0ad0eb0b922a.png

Shares of Johnson & Johnson (NYSE: JNJ) were sliding today as the diversified healthcare company edged past estimates in its fourth-quarter earnings report, but agreed to pay $700 million to settle lawsuits saying that its talc-based baby powder caused cancer.

J&J also announced a settlement with the state of Washington over opioid-related claims for $149.5 million and said it had now resolved all pending litigation over the opioid crisis.

As of 11:08 a.m. ET, the stock was down 2%.

Source Fool.com

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