Johnson & Johnson has received subpoenas from the Justice Department and the SEC related to litigation involving alleged asbestos contamination in its Baby Powder line.
Sales of psoriasis treatments and cancer drugs helped Johnson & Johnson beat Wall Street analysts' fourth-quarter earnings and revenue expectations. For 2019, the company forecast earnings that match profit estimates but fall short on revenue.
Attorney Mark Lanier, who won a nearly $4.7 billion J&J talc verdict, says the recent stock plunge plays into his hands in seeking a settlement.
Johnson & Johnson plans to repurchase $5 billion in shares after the company lost more than $50 billion in market value over two trading days following a scathing news report Friday claiming J&J knew its talc baby powders contained asbestos.
J&J relaunched its baby care line this year. Sales showed signs of improvement, but a Reuters report alleging the company knew about asbestos in its talc baby powder products threatnens that. J&J has denied the allegation.
Johnson & Johnson CEO Alex Gorsky called for changes in the way prescription drugs are paid for but stopped short of saying pharmaceutical companies need to lower the prices they charge.
"There are going to be changes in the pricing system" for prescription drugs, Johnson & Johnson chief Alex Gorsky acknowledges.
Alex Gorsky, CEO of Johnson & Johnson, said he hoped to work with U.S. and Chinese government officials to find the right path forward.
World-renowned economists and executives addressed rising trade tensions between the U.S. and China, discussing the possible impacts of a trade war from the annual China Development Forum.
Tech's impact on the health-care industry, the impact of tax reform and how drugs will be priced in the future were key topics.
A federal judge has temporarily blocked the Trump administration's efforts to wind down DACA.
"When you really enjoy what you're doing, you're going to be better and your people will know that."
Jim Cramer listed five traits that some CEOs share with the military that tend to help them prevail in the long term.
Jim Cramer listed five traits that some CEOs share with the military that tend to help them prevail in the long term.
Jim Cramer listed five traits that some CEOs share with the military that tend to help them prevail in the long term.
