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J&J loses bid to overturn $4.7B verdict

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Johnson & Johnson yesterday lost its bid to reverse a $4.7 billion court verdict.

The damages related to allegations that the company's baby powder causes cancer were upheld by Judge Rex Burlison in a circuit court in Missouri.

A Reuters report recently revealed J&J allegedly knew about the risk of asbestos in its talc products for decades.

Read more from The New York Times.

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