J&J announces $5 billion share buyback program after report wipes out $50 billion in market value
December 17, 2018 at 16:31 PM EST
Johnson & Johnson plans to repurchase $5 billion in shares after the company lost more than $50 billion in market value over two trading days following a scathing news report Friday claiming J&J knew for decades its talc baby powders contained asbestos.