Shares of Johnson & Johnson rose 0.4% in morning trading, in the wake of the U.S. Supreme Court’s denial of the request to review a Missouri court verdict regarding various talc cases against the consumer products and drug maker. As a result of the Supreme Court decision, J&J disclosed in an 8-K filing with the Securities and Exchange Commission late Tuesday that it will make a $2.5 billion payment, including interest, in June. Moody’s Investors Service said Wednesday that the payment will have
J&J stock gains after Moody’s says $2.5 billion payment for talc claims doesn’t affect Aaa rating
2021-06-02T15:42:27-04:00June 2nd, 2021|
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