Is this a 'chemicals and children' story?

Feds step in to investigate cancer risks of Baby Powder: Justice Department subpoenas Johnson & Johnson after leaked documents suggested talc WAS tainted with asbestos - and execs KNEW

https://www.dailymail.co.uk/health/article-6735235/Feds-step-investigate-cancer-risks-Baby-Powder.html

The Justice Department has issued subpoenas to Johnson & Johnson as it ramps up its investigation into claims the brand's Baby Powder has been tainted with asbestos.

The company was forced to disclose the development in its annual report on Wednesday - marking the first admission that it is being actively investigated by federal agencies.

A spokesman said J&J intends to 'cooperate fully with these inquiries and will continue to defend the Company in the talc-related litigation.'

The Justice Department declined to comment and the Securities and Exchange Commission (SEC) did not immediately respond to requests for comment.

A Reuters report on December 14 revealed that Johnson & Johnson knew for decades that small amounts of asbestos, a known carcinogen, had been occasionally found in its talc and powder products, according to tests from the 1970s to the early 2000s - information it did not disclose to regulators or the public.

The Reuters article prompted a selloff in Johnson & Johnson shares, erasing about $40 billion from the company's market value in one day, and a public relations crisis as the healthcare conglomerate faced widespread questions about the possible health effects of one of its most iconic products.