News Headlines Article

Johnson & Johnson, Under Fire, Has Track Record Of Weathering Trouble
National Public Radio

In the health care industry, there are few brands more well known than Johnson & Johnson. The maker of consumer staples ranging from Band-Aids to baby shampoo has faced a number of controversies in its 133-year history. Now it is contesting charges that it contributed to the nation’s opioid epidemic.

Stock in Johnson & Johnson took a beating last week, as a trial got underway in Oklahoma. State officials there allege the giant company sparked a deadly public health crisis. The company’s shares fell 4% last Wednesday and regained less than 1% the following day.

The state of Oklahoma has accused the company of creating a “public nuisance” by oversupplying prescription painkillers.