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HEALTHCARE: Johnson & Johnson (JNJ: Aaa/ AAA neg): Purdue/Sackler Readthrough

HEALTHCARE

Small negative -  bonds won't move but one to bear in mind for the sector

  • The US Supreme Court rejected Purdue Pharma's plans to use bankruptcy laws to shield them from further legal liabilities.
  • This has implications for JNJ who were trying a similar tactic for its Talcum powder lawsuits.

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