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HEALTHCARE: J&J (JNJ: Aaa/AAA neg): Talc settlement hopes

HEALTHCARE
  • Positive: Johnson & Johnson are nearing an agreement to cap their exposure to talc-related claims - reports the WSJ
  • J&J is increasing its offer by $1bn to $9bn to compensate women who were harmed by its products.
  • This settlement covers 12,000 claimants.
  • In the context of a $403bn mkt cap company with 31bn EBITDA it is not going to move the needle but should reduce headline risk.

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