Here's what Jim Cramer thinks about J&J stock after a pivotal talc case verdict
J&J was ordered to pay $18.8 million after jurors in California found in favor of a 24-year-old man who claimed the company's talc products caused his cancer.
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In this photo illustration, a container of Johnson and Johnson baby powder is displayed on April 05, 2023 in San Anselmo, California.
Justin Sullivan | Getty Images
A closely watched talc trial in California goes against Johnson & Johnson (JNJ), adding uncertainty around whether tens of thousands of other plaintiffs suing the company will sign on to J&J's proposed $8.9 billion settlement offer or seek to get their own days in court.
