J&J(US:JNJ) Mei Ri Jing Ji Xin Wen·2025-12-24 12:44Group 1 - A Maryland jury ruled that Johnson & Johnson must pay approximately $1.56 billion (about 11 billion RMB) in damages to a woman who developed cancer after using its baby powder, which was alleged to contain asbestos [1] - This ruling marks the highest compensation awarded to a single plaintiff in a 15-year litigation against Johnson & Johnson regarding its baby powder products [1] - Johnson & Johnson announced it would immediately appeal the decision [1] Group 2 - Research indicates that talc, the main ingredient in baby powder, is often mined near asbestos deposits, raising contamination concerns; however, Johnson & Johnson denies that its products contain asbestos, citing extensive testing [3] - The company has shifted its product formulation to use corn starch instead of talc, emphasizing that its current baby powder products are free from asbestos and other harmful substances [3][4] - Johnson & Johnson has faced ongoing litigation related to its baby powder for over a decade, with numerous lawsuits alleging that its talc products caused cancer [7] Group 3 - In 2020, Johnson & Johnson ceased the production of talc-based baby powder in the U.S. and Canada due to declining sales linked to cancer allegations, and in 2023, it stopped global production of talc-based baby powder [7] - The company has attempted to settle litigation pressures by agreeing to pay $8.9 billion over 25 years to resolve claims, and reached a $700 million settlement with 42 U.S. states [7][8] - As of now, Johnson & Johnson is facing over 67,000 related lawsuits [10]