Report Alleges Johnson & Johnson Withheld Information About Trace Amounts of Asbestos in Baby Powder for Decades

Shares dropped 10 percent in the wake of Reuters' analysis

A new report suggests Johnson & Johnson knew about harmful ingredients in products for decades. Getty Images

A report today released by Reuters suggests that Johnson & Johnson knew about trace amounts of asbestos in its baby powder product as early as 1971. In the wake of this report, J&J shares dropped 10 percent since this morning.

@ktjrichards katie.richards@adweek.com Katie Richards is a staff writer for Adweek.
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