Shares in Johnson & Johnson plunged more than 10% on Friday, after Reuters reported that the US pharmaceutical giant had known about asbestos tainting its talcum powder for decades. The report comes as the company faces thousands of lawsuits claiming that its talc products caused cancer. Reuters’ review of documents found the company was aware […]

Bayer plans to sell brands including Dr Scholl’s foot care and Coppertone sunscreen in a cost-cutting drive that includes about 12,000 job cuts following its takeover of Monsanto. The cuts will account for about one in ten workers globally, with a “significant number” going in Germany. Bayer also plans to sell its animal health division, which […]