The House is set to pass the Inflation Reduction Act, but experts are divided on whether it will actually help Americans. Fitness company Peloton is laying off hundreds of workers and raising prices on exercise equipment. Johnson & Johnson is dropping talc-based baby powder next year, a product that has been at the center of tens of…
House Set to Pass Inflation Reduction Act; Peloton Laying Off 800 Employees | NTD Business
CDC Confirmed Post-Vaccination Death From Blood Clotting Two Weeks Before Alerting Public: Emails
The Centers for Disease Control and Prevention (CDC) confirmed in late 2021 that a person died from blood clotting after receiving a COVID-19 vaccine that had been linked with an increased risk of blood clotting, but did not alert the public for two weeks, newly obtained emails show. Dr. Tom Shimabukuro, a CDC official, told…
People Can Still Get J&J Vaccine If They Have a Problem With Other Two Shots: White House
May 6, 2022
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People who, for whatever reason, do not want to get a Pfizer or Moderna COVID-19 vaccine can still get the Johnson & Johnson shot, a top White House health official said on May 6. “If you have a problem with one of those two vaccines, then Johnson & Johnson (J&J) is still an option for…
FDA Restricts J&J’s COVID-19 Vaccine Over Risk of Blood Clots
The U.S. Food and Drug Administration (FDA) on Thursday announced it will restrict the use of the Johnson & Johnson COVID-19 vaccine to adults who cannot receive mRNA vaccines, due to the risk of potentially life-threatening side effects. The agency said the COVID-19 vaccine can now only be administered to people aged 18 years of age…
Alabama Reaches $276M Settlement in Opioid Litigation
The state of Alabama on Tuesday reached a $276 million settlement agreement with Endo Pharmaceutical, Johnson & Johnson, and McKesson for their role in exacerbating the opioid crisis. The settlement will see pharmaceutical giant Johnson & Johnson pay $70.3 million in a lump-sum payment to Alabama state and its subdivisions this year, and Endo Pharmaceutical…
J&J Pulls COVID Vaccine Sales Forecast Due to Low Demand, Supply Glut
Johnson & Johnson on Tuesday rescinded its forecast for sales of its COVID-19 vaccine, as hesitancy in low income countries has led to a glut of supply of a shot once hoped to be the inoculation of choice for the developing world. The company had previously predicted as much as $3.5 billion in 2022 sales…
J&J to Stop Selling Personal Care Products in Russia
Johnson & Johnson said on Tuesday it would halt sale of personal care products in Russia, joining other companies that have limited their business in the country in response to its invasion of Ukraine. J&J said it would continue to supply medicines and medical devices in the region as those are excluded from Western sanctions….
LA Expects to Receive Tens of Millions of Dollars from Opioid Settlement
February 25, 2022
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LOS ANGELES—Los Angeles expects to receive tens of millions of dollars from a $26 billion settlement announced Feb. 25 with Johnson & Johnson and three pharmaceutical distributors over claims they helped fuel the opioid crisis. The settlement—which involves the pharmaceutical distributors Cardinal, McKesson, and AmerisourceBergen—needs to be approved by the court, but California Attorney General…
Vaccine Maker Johnson & Johnson Settles Huge Lawsuit Over Role in Opioid Crisis
Pharmaceutical giant Johnson & Johnson on Friday agreed to a $26 billion settlement to thousands of claims by local and state governments of the alleged role that it and several others played in the U.S. opioid crisis. Distributors McKesson Corp, AmerisourceBergen Corp, and Cardinal Health Inc. joined in on the settlement, agreeing to pay $21…
J&J Unit Proposes Independent Exam If It Remains in Bankruptcy
A Johnson & Johnson (J&J) subsidiary proposed on Friday that it would submit to an independent examination of the corporate restructuring the healthcare giant undertook in an attempt to settle in U.S. bankruptcy court thousands of lawsuits alleging that J&J baby powder and other talc products cause cancer. Greg Gordon, a lawyer for J&J subsidiary…
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