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Why Johnson & Johnson Stock Slipped by Nearly 4% on Monday

Why Johnson & Johnson Stock Slipped by Nearly 4% on Monday

News of a legal defeat drove Johnson & Johnson's (NYSE: JNJ) share price down on the first trading day of the week. The ruling from a federal appeals court not only went against the company, it produced headlines about one of the worst scandals in its history. In 2021 the healthcare giant formed a subsidiary, LTL Management, to effect such a move.