NEW YORK: Johnson & Johnson has confirmed it will offer as much as US$8.9bil (RM39.13bil) to settle thousands of claims that the company's talcum powder causes cancer, reported UPI.
The New Jersey-based multinational medical giant agreed to contribute a total of US$8.9bil over 25 years to resolve all current and potential future liabilities. That figure is US$6.9bil (RM30.34bil) higher than the company's previous attempts to resolve the situation.
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