J&J shares jump as it proposes $9B talc lawsuit settlement
Johnson & Johnson’s shares rose nearly 4% to hit a near two-month high of $164.48 on Wednesday as the company’s $8.9 billion offer to settle talc-related lawsuits gained support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue. Some analysts were positive about the new settlement that is far bigger than the original … Read more
