Johnson & Johnson shares plunge 11% after a Reuters report said J&J knew for decades about asbestos in baby powder. Reuters based its report on a review of documents and testimony. It says that from 1971 to the early 2000s, J&J executives, mine managers, doctors and lawyers were aware the company’s raw talc and finished powders sometimes tested positive for small amounts of asbestos. Johnson & Johnson knew for decades that its baby powder contained asbestos, Reuters said in a report that drove the company’s shares down nearly 11 percent Friday. Reuters based its report on a review of documents and
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