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8/12, 12:54 AM (Source: TeleTrader)
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J&J to stop selling talc-based baby powder in 2023

Johnson and Johnson (J&J) announced in a statement that it will be discontinuing its talc-based baby powder on a global level, starting in 2023, as the company aims to "deliver sustainable innovation, and meet the needs of our consumers, customers and evolving global trends."

"As part of a worldwide portfolio assessment, we have made the commercial decision to transition to an all cornstarch-based baby powder portfolio," the statement read.

Previously, the company was ordered to pay $2.12 billion to plaintiffs who sought damages for suffering cancer after using the company's products. In today's statement, J&J firmly stood "behind the decades of independent scientific analysis by medical experts around the world that confirms talc-based JOHNSON’S Baby Powder is safe, does not contain asbestos, and does not cause cancer."

Baha Breaking News (BBN) / AY