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Levin Papantonio Announces Jury Awards $20 Million Verdict in Talc Mesothelioma Case Casaretto Estate v. Johnson & Johnson
Globenewswire· 2025-10-28 22:15
Core Viewpoint - A jury awarded $20 million to the family of Dr. Alberto A. Casaretto, determining that Johnson & Johnson's talc-based products caused his fatal mesothelioma, highlighting corporate accountability for unsafe consumer products [1][7]. Summary by Sections Lawsuit Details - The lawsuit was initiated by Dr. Casaretto's son, alleging that Johnson & Johnson's talc was contaminated with asbestos and that the company failed to warn consumers about the risks [1][2]. - Dr. Casaretto used the talc-based products for decades, believing them to be "pure" and "safe," while evidence showed the company was aware of the asbestos risk but continued to market the products as safe [2][7]. Legal Commentary - Plaintiff counsel emphasized that the verdict represents justice for families unaware of the dangers in Johnson's Baby Powder and reflects a demand for corporate accountability [4]. - The verdict is seen as a significant step against decades of corporate concealment, with the jury's decision underscoring the need for manufacturers to ensure product safety and transparency [4]. Company Accountability - Internal documents and expert testimony revealed that Johnson & Johnson knew about the asbestos risk in talc and chose inadequate testing protocols, opting not to replace talc with safer alternatives [7]. - The $20 million award is a compensatory damage reflecting the jury's recognition of the long-term health ramifications of the company's products [7]. Background Information - Dr. Casaretto was a physician in Florida who passed away in 2022 from malignant pleural mesothelioma, with evidence linking his illness to the use of Johnson & Johnson's talc products [7]. - Levin Papantonio, the law firm representing the plaintiff, has a history of handling mass torts and has secured over $80 billion in jury verdicts and settlements against major corporations [8].
Texas sues makers of Tylenol over claims of withholding alleged links to autism
NBC News· 2025-10-28 20:45
Texas is suing the makers of Tylenol, claiming the companies knowingly withheld information about the drug's potential effects on the brain development of children. The lawsuit follows President Trump's claims last month that using Tylenol during pregnancy could lead to the child having autism. Johnson and Johnson sold Tylenol for decades, but in 2023, a spin-off company called Ken View took over sales.Both are being sued. Both companies deny the allegations, saying they have always acted responsibly and th ...
Nvidia Powers Next-Gen AI Revolution with Broad Industry Alliances
Stock Market News· 2025-10-28 18:38
Core Insights - Nvidia is solidifying its leadership in the AI sector through strategic partnerships and infrastructure developments, particularly with Microsoft, Johnson & Johnson, and Eli Lilly [2][3][4] AI in Healthcare - Nvidia is enhancing healthcare applications by collaborating with Johnson & Johnson to optimize clinical workflows using its Isaac Platform and partnering with Eli Lilly to create a powerful AI supercomputer for drug discovery [3][4] Enterprise and Government Applications - Nvidia is integrating its technology into enterprise solutions with Zoom and Supermicro, focusing on custom AI solutions and compliance for government applications [4][5] Automotive and Industrial AI - The automotive sector is advancing towards Level 4 autonomy, with Stellantis and Lucid Group leveraging Nvidia's technology for autonomous vehicle development [5][6] - Industrial applications are also expanding, with Accenture launching a cloud solution that combines Nvidia Omniverse and AI agents [7] Major Infrastructure Investments - Nvidia is collaborating with the U.S. Department of Energy and Oracle to build the Solstice supercomputer featuring 100,000 Blackwell GPUs, expected to deliver 2,200 exaflops of AI performance by 2026 [9][10] - OpenAI's CEO has outlined plans for a massive AI infrastructure capable of producing one gigawatt of compute per week, with commitments exceeding 30 gigawatts valued at approximately $1.4 trillion [10]
强生公司将借助英伟达 Isaac 平台推进医疗健康领域机器人技术研发。
Xin Lang Cai Jing· 2025-10-28 18:33
Core Insights - Johnson & Johnson will leverage NVIDIA's Isaac platform to advance robotics technology in the healthcare sector [1] Company Summary - Johnson & Johnson is focusing on the development of robotics technology specifically for the medical and healthcare fields [1] Industry Summary - The collaboration with NVIDIA's Isaac platform signifies a strategic move towards enhancing automation and robotics in healthcare, potentially leading to improved patient care and operational efficiency [1]
Texas Sues Tylenol Makers J&J and Kenvue, Alleging They Hid Drug’s Autism Risks
Insurance Journal· 2025-10-28 16:01
Core Viewpoint - Texas Attorney General Ken Paxton has filed a lawsuit against Johnson & Johnson and Kenvue, alleging that they knowingly concealed Tylenol's links to autism and ADHD, following unproven claims made by former President Donald Trump regarding the drug's safety during pregnancy [1][2]. Company Overview - Johnson & Johnson has been selling Tylenol for over 60 years, while Kenvue, which was spun off from Johnson & Johnson, has been selling the product since 2023 [2]. - Kenvue has consistently defended the safety of Tylenol, asserting that it is the safest pain reliever option for pregnant women [3]. Legal Context - The lawsuit comes five weeks after Donald Trump's controversial statement linking Tylenol use during pregnancy to autism, which lacks scientific backing [1]. - Johnson & Johnson has stated that Kenvue is responsible for all rights and liabilities associated with the sale of its over-the-counter products, including Tylenol [3].
Texas AG sues Kenvue, J&J over 'deceptively marketing' Tylenol to pregnant women
Fox Business· 2025-10-28 14:17
Core Viewpoint - Texas Attorney General Ken Paxton is suing Kenvue and Johnson & Johnson for allegedly misleading marketing of Tylenol to pregnant women, despite known risks of autism and other disorders associated with its active ingredient, acetaminophen [1][2]. Company Actions and Responses - Kenvue and Johnson & Johnson are facing legal action for their marketing practices regarding Tylenol, with claims that they were aware of the potential risks linked to acetaminophen [2][3]. - Kenvue asserts that acetaminophen is the safest pain relief option for pregnant women and emphasizes the importance of consulting healthcare professionals before taking any medication [6][7]. - Johnson & Johnson stated that it divested its consumer health business years ago, transferring all rights and liabilities related to Tylenol to Kenvue [10]. Market Impact - Following the announcement of the lawsuit and the claims linking Tylenol to autism, shares of Kenvue and Johnson & Johnson experienced declines, with Kenvue's shares dropping by 2.02% and Johnson & Johnson's by 0.73% [11]. Public Statements and Controversies - Paxton criticized the pharmaceutical industry for prioritizing profits over public health, claiming that companies have endangered millions [3]. - The claims regarding Tylenol's association with autism have been met with skepticism from the medical community, which maintains that acetaminophen is safe for use during pregnancy [11]. - The announcement by President Trump and HHS Secretary Robert F. Kennedy linking Tylenol to autism has been criticized as misleading and harmful by organizations like the Autism Society of America [14][15].
J&J Stock Can Fall
Forbes· 2025-10-28 13:25
Core Insights - Johnson & Johnson (JNJ) is facing significant challenges, highlighting that even large corporations are not immune to market fluctuations [1][8] - The company is currently dealing with a talc crisis, with a projected 73,570 lawsuits expected by October 2025, marking a 17% increase since December 2024 [7] - Financial performance indicators show a revenue growth of 5.1% over the last twelve months and a 6.1% average over the last three years [7] Legal and Regulatory Challenges - JNJ has announced a voluntary recall of 33,000 bottles of baby powder due to trace amounts of asbestos found in a single bottle [3] - The company is engaged in litigation on a case-by-case basis following failed settlement proposals ranging from $8 to $10 billion, which adds to financial and reputational risks [7] - Emerging product liability issues include UK talc lawsuits and new claims involving Tylenol, further complicating the company's legal landscape [7] Financial Performance - Sales of Stelara, a drug for various conditions, have declined by 40% in the first nine months of 2025, with Q1 2025 sales dropping by 33.7% to $1.08 billion [7] - JNJ's free cash flow margin stands at 20.3%, and the operating margin is at 26.2% for the last twelve months [7] - The stock is trading at a P/E ratio of 18.2, indicating a lower valuation compared to the S&P, while exhibiting higher three-year average revenue growth and superior margins [7] Market Volatility Impact - Historical data shows that JNJ's stock declined approximately 35% during the Dot-Com Bubble and the Global Financial Crisis, and around 27% during the Covid sell-off [8] - Lesser downturns, such as the 2018 correction and last year's inflation crisis, resulted in declines nearing 18%, demonstrating the vulnerability of even strong companies during market shifts [8]
Texas sues J&J and Kenvue, claiming they hid Tylenol's autism risks
Reuters· 2025-10-28 13:13
Core Viewpoint - Texas Attorney General Ken Paxton has filed a lawsuit against Johnson & Johnson and Kenvue, alleging that they knowingly concealed the links between Tylenol and conditions such as autism and attention deficit hyperactivity disorder [1] Company Summary - Johnson & Johnson, the manufacturer of Tylenol, is facing legal action for allegedly hiding important health information related to their product [1] - Kenvue, a subsidiary of Johnson & Johnson, is also implicated in the lawsuit, indicating potential broader implications for the company's reputation and product safety [1] Industry Summary - The lawsuit highlights ongoing concerns within the pharmaceutical industry regarding transparency and the ethical responsibilities of drug manufacturers in disclosing potential risks associated with their products [1] - This legal action may lead to increased scrutiny of over-the-counter medications and their safety profiles, potentially impacting consumer trust and regulatory practices in the industry [1]
X @Bloomberg
Bloomberg· 2025-10-27 17:40
Johnson & Johnson has seen a 17% jump in new lawsuits claiming its iconic baby powder causes cancer after the company’s latest attempt to force a global settlement was thrown out of bankruptcy court https://t.co/IUX0azCloD ...