Johnson & Johnson - JNJ STOCK NEWS

Johnson & Johnson (NYSE: JNJ) will participate in the Barclays Global Consumer Staples Virtual Conference on September 10, 2021. The event will feature Thibaut Mongon, Executive Vice President Worldwide Chairman of Consumer Health, speaking at 9:20 a.m. (Eastern Time). Investors and other interested parties can access the webcast via the Johnson & Johnson website. A replay of the webcast will be available approximately 48 hours after the event.

On July 29, 2021, lawmakers proposed reforms to prevent companies like Johnson & Johnson (JNJ) from using bankruptcy to evade liabilities related to talc products linked to ovarian cancer. The Nondebtor Release Prohibition Act aims to close loopholes such as non-consensual third-party releases and the Texas Two-Step strategy. JNJ has a market cap exceeding $400 billion and reported a 27% year-over-year sales increase to $23.31 billion, upgrading its annual forecast to $94.6 billion. Advocacy groups highlight the ethical implications of JNJ's potential bankruptcy strategy, stressing the need for corporate accountability.

Johnson & Johnson (NYSE: JNJ) will participate in the Virtual Wells Fargo Healthcare Conference on September 10, 2021. Joaquin Duato, Vice Chairman of the Executive Committee, is set to represent the company in a session starting at 10:00 a.m. Eastern Time. Interested investors can access the live webcast via the Johnson & Johnson website. A replay of the webcast will be available approximately 48 hours after the event.

Johnson & Johnson (NYSE: JNJ) reported impressive Q2 results with sales of $23.3 billion, up 27.1% year-over-year. Net earnings surged 73.1% to $6.3 billion, resulting in a diluted EPS of $2.35, a 72.8% increase. Key growth drivers included a 62.7% rise in Medical Devices sales, bolstered by market recovery from COVID-19, and a 17.2% increase in Pharmaceuticals, highlighted by strong performances from STELARA and DARZALEX. The Consumer Health segment also contributed with a 13.3% growth, driven by skin health products. JNJ emphasized ongoing innovations and external regulatory approvals.

Johnson & Johnson (NYSE: JNJ) has declared a cash dividend of $1.06 per share for the third quarter of 2021. This dividend is set to be paid on September 7, 2021, to shareholders on record by August 24, 2021. The ex-dividend date is August 23, 2021. Johnson & Johnson continues its commitment to shareholder returns while focusing on improving health access and affordability globally.

Attorneys representing women diagnosed with ovarian cancer linked to Johnson & Johnson's (NYSE: JNJ) talc products are condemning potential bankruptcy plans aimed at limiting the company's liability. Reports suggest J&J, with a market cap of $443 billion, may exploit bankruptcy to mitigate financial responsibilities from ongoing lawsuits. Lawyers highlight a history of dangerous practices, including the company's failure to replace talc with safer alternatives. A previous $2.1 billion judgment against J&J reflects significant negligence. Critics argue bankruptcy filings would deny victims justice.

On July 15, 2021, Beasley Allen law firm filed a federal class-action lawsuit against Johnson & Johnson (NYSE: JNJ) for selling benzene-tainted sunscreen products from its subsidiaries Neutrogena and Aveeno. The lawsuit seeks damages for consumers who purchased the affected items, which were recalled after lab tests revealed benzene levels exceeding safe limits. Benzene is a hazardous chemical linked to leukemia, raising serious health concerns, especially for children. The FDA prohibits benzene in sun-care products, yet J&J's recall only includes spray products.

Johnson & Johnson Consumer Inc. (NYSE: JNJ) is recalling all lots of five aerosol sunscreen products due to low levels of benzene detected in some samples. This voluntary recall includes NEUTROGENA Beach Defense, Cool Dry Sport, Invisible Daily, Ultra Sheer, and AVEENO Protect + Refresh. Benzene, a human carcinogen, is not an ingredient but was found in finished products. While daily exposure at detected levels is not expected to cause harm, the recall emphasizes consumer safety. Consumers are instructed to stop using these products and contact the Consumer Care Center for refunds.

On July 1, 2021, Johnson & Johnson (NYSE: JNJ) announced strong data supporting its single-shot COVID-19 vaccine's efficacy against the Delta variant, demonstrating persistent immune response lasting at least eight months. The vaccine showed neutralizing antibody activity higher against the Delta variant than previously seen with the Beta variant. The ENSEMBLE trial reported 85% effectiveness against severe illness. The vaccine is available globally on a not-for-profit basis during the pandemic, having received Emergency Use Authorization in the U.S. and Conditional Marketing Authorization in Europe.