Johnson & Johnson to split into two companies, separating consumer health business

jumped in premarket trading Friday, after the health care giant announced it its splitting itself into two publicly traded companies.

The new companies will be one focused on consumer products, such as Band-Aid bandages and baby powder, and another focused on prescription drugs and medical devices. Shares of Johnson & Johnson were up 4 percent in premarket trading after the announcement. J&J did not immediately respond to a request for comment.Johnson & Johnson was already undergoing a major transition, as CEO Alex Gorsky had previously announced that he would be stepping down in January. Joaquin Duato, who was tapped as Gorsky’s successor, will lead the new J&J following the spinoff, the company said Friday.

The announcement is the second time this week that a major U.S. company has announced a plan to split itself, following

Nope just ,Johnson .

Johnson or Johnson

So Johnson & Johnson splits into two companies called Johnson and Johnson?

Big Johnson and Little Johnson.

They are not even one company.

So much of their products are so bad for you....made with too many chemicals. A very unhealthy company! Let's not even talk about their talcum powder.

You either work for Johnson or Johnson now.

n3rdBrainZ_PhD taf?

Double the pleasure Double the fun Making more money Off everyone

;) good Fake

Are we gonna have Johnson 1 and Johnson 2 now

do your own research!

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Johnson & Johnson Shares Jump In Premarket As Firm Plans To Split Into Two Separate CompaniesI am a London-based reporter for Forbes covering breaking news. Previously, I have worked as a reporter for a specialist legal publication covering big data and as a freelance journalist and policy analyst covering science, tech and health. I have a master’s degree in Biological Natural Sciences and a master’s degree in the History and Philosophy of Science from the University of Cambridge. Follow me on Twitter theroberthart or email me at rhartforbes.com If their vaccine does not help in the slightly longer term, this component should be disposed of and then we make Baby Powder!
Source: Forbes - 🏆 394. / 53 Read more »

Rivian Shares Surge in Largest U.S. IPO Since 2014Shares of Rivian Automotive, whose backers include Amazon and Ford, jumped by more than a third in their market debut, the latest indication of the strong investor interest in the electric-vehicle market. NEXT NOVEMBER 15 CIVIL RIGHTS FIGHTERS IN CUBA WILL TRY TO MAKE A PEACEFUL MARCH, THE CUBAN DICTATORSHIP WANTS TO PREVENT IT, THE WORLD BEWARE thanks not bad for a company that has made 150 vehicles. The big three have a lot to learn.
Source: WSJ - 🏆 98. / 63 Read more »