Pharmaceutical giant Johnson & Johnson (NYSE: JNJ) has recently revealed that the company will discontinue the sale of its talcum-based baby powder in 2023. Shares of the company declined 2.1% to close at $167.14 in yesterday’s trading session. Why is JNJ Stopping the Sale of Baby Powder Globally? Amid widespread litigation, reduced customer demand, and safety concerns, Johnson & Johnson has decided to stop sales of one of its most famous products globally. The baby powder has already been discontinued in the United States and Canada since 2020. The baby powder manufactured by the company has come under a lot of criticism.
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Johnson and Johnson (NYSE:JNJ)
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