"Johnson & Johnson Settles Talc Baby Powder Claims for $700 Million"
Johnson & Johnson has reached a tentative $700m deal with over 40 US states regarding the investigation of its talc-based baby powder and other products. The company faces over 50,000 cases from people claiming the product caused cancer, with some alleging it contained asbestos. J&J has maintained the products were safe, but has faced significant legal battles and losses. The reported resolution of the state matters is seen as a step towards a global talc powder settlement in 2024.