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Johnson & Johnson proposes $9B settlement for talcum powder lawsuits

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Johnson & Johnson is proposing nearly $9 billion to settle lawsuits alleging its baby power containing talc caused cancer.

The company has more than quadrupled the amount it previously set aside.

The $8.9 billion would transfer to J&J subsidiary LTL Management and be payable over the next 25 years.

Read more from The Associated Press.

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