Johnson & Johnson has agreed to pay $700m to settle lawsuits

Johnson & Johnson has agreed to pay $700m to settle lawsuits in the United States that accused the pharmaceutical giant of deceiving customers about the safety of its talcum-based powder products.

J&J’s payout resolves an investigation by more than 40 US states into the marketing of baby powder and other talc-based products that contained traces of cancer-causing asbestos

Under the settlement terms, the New Brunswick, New Jersey-based multinational will permanently halt the manufacturing, marketing and sale of all body products containing talcum powder