this post was submitted on 14 Jul 2023
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So wait, J&J have already put aside 9 billion dollars for potential liability for the talc baby powder cancer claims and have stopped selling talc baby powder in North America, but yet they are suing researchers who made the issue known and constantly parroting that they aren't admitting any wrongdoing. Nice.
There is a great deal of evidence to back up their claim.
the researchers or JJs claim?
JJ. But they also released some very specific details such as the name of people exposed and proof of exposure from other sources than talcum powder that was ignored. JJ would be quite liable if they even get a single detail intentionally wrong. I would tend to believe they released accurate details.
Yeh, sure. Let's trust the corporation that is discontinuing the sale of talc based baby powder world wide, and is wanting to settle for $9 billion.
Either JNJ are actually doing the right thing here... or they are cutting losses, protecting themselves, looking after shareholders, whatever.
Maybe it's cheaper than trying to recover from such a PR disaster.
Maybe turns out that cornstarch is cheaper/easier for baby powder, and $9b gets rid of a problem, solves marketing issues of cornstarch, and has long-term savings.
Maybe I'm wrong and paranoid.
But I don't trust JNJ
To put that in perspective for folks, if money was seconds, 9000 seconds is ~2.5 hours , 9 million seconds is ~104 days, 9 billion seconds is ~285 years.
I could get along well on $9B
?? You believe a corporation by default is releasing accurate details in the context of clearing themselves of wrong doing?
That's every corporation's first step no matter how incredibly obvious that they are wrong.
Not by default but I do believe they should be allowed to press their case. Do you not?
And it is far from obvious.
This is not the only shitty thing J&J has done, not by a longshot.
All you need to know is how they pushed opioids on a generation of young people for nearly a decade without repercussions. How can you expect an entity like that to ever tell the truth against their own self interests?