Johnson & Johnson shares plunge after report on asbestos in baby powder

In this file photo taken on July 13, 2018, In this photo illustration, a container of Johnson's baby powder made by Johnson and Johnson sits on a table on in San Francisco, California. (AFP)
Updated 15 December 2018
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Johnson & Johnson shares plunge after report on asbestos in baby powder

  • The controversy has long dogged the company, which has been facing a wave of several thousand court cases claiming the baby powder is causing cancer

NEW YORK: US pharmaceutical and cosmetics group Johnson & Johnson saw its shares plunge Friday after a media report alleged the group had deliberately concealed for decades that its baby powder sometimes contained asbestos.
A lengthy investigation by the Reuters news agency, which reviewed thousands of company documents, showed the company marketed talc-based products that, at least between 1971 and the beginning in the 2000s, sometimes contained asbestos.
The company’s executives, researchers, doctors and lawyers were aware but deliberately chose not to disclose this information and not to refer it to the authorities, according to the report.
Johnson & Johnson strenuously rejected the claims made in the article, calling it “one-sided, false and inflammatory.”
“Simply put, the Reuters story is an absurd conspiracy theory,” the company said in a statement. “Johnson & Johnson’s baby powder is safe and asbestos-free.”
J&J stock closed down more than 10 percent at $133 on the New York Stock Exchange, its worst one-day fall in 16 years.
The controversy has long dogged the company, which has been facing a wave of several thousand court cases claiming the baby powder is causing cancer.
In July, Johnson & Johnson was ordered to pay $4.7 billion in damages to a group of 22 women claiming to have developed ovarian cancer following the use of the powder.
The company said Friday there were rigorous tests showing the talc did not contain the cancer-causing mineral.
In addition, “J&J has cooperated fully and openly with the US FDA and other global regulators, providing them with all the information they requested over decades.”
According to Reuters, the company also tried, unsuccessfully, to block regulations that lower the maximum level of asbestos allowed in talc-based cosmetics.


Bollywood star Nargis Fakhri to strike a pose at Dubai yoga fest

Updated 20 January 2019
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Bollywood star Nargis Fakhri to strike a pose at Dubai yoga fest

DUBAI: Bollywood actress Nargis Fakhri is set to host the opening session of the XYoga Dubai Festival on Feb. 1, so yoga fans can expect to bend, stretch and breathe with the glamorous star herself.
Fakhri has starred in Bollywood hits such as “Rockstar” and “Main Tera Hero” and also crossed over into Hollywood in 2015 film “Spy,” in which she appeared alongside Melissa McCarthy and Jude Law.

The actress is a self-declared fitness enthusiast and will lead a session at the weekend festival alongside yoga practitioner Deepika Mehta.
“Yoga has been a big part of my life for over a decade now — it helps me stay centered, focused and positive throughout the day,” Fakhri said in a statement.
“It is not just about flexibility and fitness but also about will-power, mental strength and finding common ground with others,” she added. “As a devoted practitioner and student, I am really looking forward to learning from Deepika, who is one of the most innovative and inspirational yoga trainers. I’m also looking forward to immersing myself in the practice with yogis in Dubai.”
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So grateful for life. For friends, for family, for my hubby, for my practice, for the nourishing food I eat, my body ... Today on the flight as I was coming to Mumbai, I tried out an exercise and I gave out positivity mentally to any body who caught my eye, and it was incredible, people sensed it and returned it with so much kindness, the air hostess was so kind, the guy sitting next to me on the flight helped me with the baggage, there was this sweet girl waiting outside the airport with a bunch of roses and she gave me the biggest smile back, the taxi guy was lovely .. (but it’s not like Im always this sweet angel or anything, sometimes I can be pretty sharp n cutting , trust me!!!) But the one thing the Universe taught me is that energy is tangible, if I give out good vibes, they are sent back to me. • The last few days I’ve been maintaining a journal of all the things that I’ve been grateful for in a day, it helps me focus on the good stuff, makes me more mindful and I take less for granted. • Maybe try out this exercise of writing down 10 things that you are grateful for tomorrow and see what magic manifests. • Love you guys, happy to be in my sweet city

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Mehta is a household name in India, where she hosts a TV show called “Yoga City,” was a trainer on “The Biggest Loser” weight loss show and is the personal trainer of a bevvy of celebrities.
The opening session that she will co-host signals the start of the free-to-attend two-day festival and, according to organizers, thousands of yoga enthusiasts are expected to converge on Dubai’s Kite Beach with the aim of achieving the “total synchronization of body, mind and soul.”
The third edition of XYoga Dubai festival will offer fitness lovers the chance to try out various forms of the ancient practice, including animal yoga, vinyasa flow and acro yoga.
The festival offers mixed classes, with ladies only sessions set to take place at the XDubai Studio.
Yoga practitioners from around the world are set to host sessions at the festival, including Iranian-Canadian musician Babak Torabi, who performs alongside yoga classes across the world, and Emilie Mikulla, who has taught people the art of movement in Thailand, South Africa, San Francisco and Dubai.
For more information, visit xyogadubai.com.