REUTERS: Johnson & Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online.
Reuters on Dec. 14 published a special report detailing that the company knew for decades that trace amounts of asbestos could be found in its talc. J&J has repeatedly said that its talc products are safe, and that decades of studies have shown them to be asbestos-free and that they do not cause cancer.
Wells Fargo analyst Larry Biegelsen said in a note to clients that the recall could encourage additional lawsuits and prompt the company to pursue a broader settlement.
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