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Johnson & Johnson confirms no asbestos in Johnson's Baby Powder

A total of 155 tests were conducted by two different third-party labs using four different testing methods on samples from the same bottle tested by the FDA’s contracted lab, the company said. Tests conducted by two third-party labs showed asbestos was not present in the single bottle that the FDA’s contracted lab had tested, nor was it present in retained samples of the finished lot from which the bottle was produced, the company said. The company said its investigation concluded that the most probable root causes for the FDA’s reported results were either test sample contamination or analyst …read more […]

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Icahn Urges HP to Move Forward With Xerox Merger Discussions

(Bloomberg) — Carl Icahn is urging HP Inc. to push ahead with takeover talks with Xerox Holdings Corp., arguing the hardware maker’s standalone plans amount “to little more than rearranging the deck chairs on the Titanic.”A tie-up between the companies could yield more than $2 billion in synergies, the billionaire investor said in a letter to be sent to HP shareholders.“It is absurd for the HP board and management team, with such a history of underperformance and missteps, to claim to have had a sudden epiphany and now expect shareholders to trust them to execute a standalone restructuring plan,” Icahn …read more […]