An investigation of internal memos, internal reports and confidential company documents Johnson & Johnson (J & J) He realizes that the company knew of the presence of asbestos – also known as asbestos – in its products since 1971. It is a potentially carcinogenic substance, especially if it is breathed.
In several countries there is a ban on the manufacture of products containing asbestos. The company J & J faces about 6,000 lawsuits, especially those who report that their baby powder products cause ovarian cancer. The news spread Reuters caused the stock market crash on Wall Street.
The information caused the American to lose about $ 40 billion from his company on the New York Stock Exchange, where its shares fell more than 10%. This is its biggest downfall in more than a decade, especially as several options for legal action are opened against it.
El País reports that asbestos has been a common component in J & J's mineral talc, and its articles have also been linked to mesothelioma, a rare and deadly form of cancer that affects the tissue lining the abdomen. The American was ordered in 2017 to pay $ 417 million a 63-year-old woman with ovarian cancer.