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 story : J&J to stop selling opioids for 10 years and will pay billion as part of settlement #FinanceUSA #StockMarketNEWS Shares of Johnson & Johnson were up 0.3% in trading on Wednesday after a dozen

@stockMarketNEWS 14 Days ago

Posted in: #FinanceUSA #StockMarketNEWS

J&J to stop selling opioids for 10 years and will pay billion as part of settlement #FinanceUSA #StockMarketNEWS
Shares of Johnson & Johnson were up 0.3% in trading on Wednesday after a dozen or so state attorneys general announced an opioid settlement that requires J&J to pay billion over nine years, including .7 billion in payments over the first three years. The company is also required to stop selling opioids for 10 years, and it cannot fund or provide grants to organizations that promote opioids or lobby on opioids during that time period. The agreement resolves around 4,000 opioid-related lawsuits in both federal and state courts. As part of the deal, which has been in the works for several years, AmerisourceBergen Corp. , Cardinal Health Inc. , and McKesson Corp. will pay billion. J&J's stock is up 7.4% so far this year, while the broader S&P 500 has gained 15.2%.


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