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Johnson & Johnson sues researchers who linked talc to cancer
(www.reuters.com)
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this post was submitted on 14 Jul 2023
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Yeh, sure. Let's trust the corporation that is discontinuing the sale of talc based baby powder world wide, and is wanting to settle for $9 billion.
Either JNJ are actually doing the right thing here... or they are cutting losses, protecting themselves, looking after shareholders, whatever.
Maybe it's cheaper than trying to recover from such a PR disaster.
Maybe turns out that cornstarch is cheaper/easier for baby powder, and $9b gets rid of a problem, solves marketing issues of cornstarch, and has long-term savings.
Maybe I'm wrong and paranoid.
But I don't trust JNJ
To put that in perspective for folks, if money was seconds, 9000 seconds is ~2.5 hours , 9 million seconds is ~104 days, 9 billion seconds is ~285 years.
I could get along well on $9B