Johnson & Johnson’s latest gambit to solve its massive talcum powder asbestos issue: A $6.5 billion settlement, paid out over 25 years
Even looking at the nominal value of the latest potential talc-settlement—approximately $8.4 billion, which is then discounted at a rate of 4.4%—the payout represents less than 10% of J&J’s 2023’s revenue. And investors clearly saw the settlement as good news, with J&J’s stock surging as much as 5% on Wednesday.