Shares of pharma companies soar after Johnson & Johnson sees smaller-than-expected opioid fine

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Shares of major pharmaceutical companies surged in after-hours trading Monday following a smaller-than-expected fine for Johnson & Johnson.

the company to pay the state $572 million — significantly less than the $17 billion in penalties sought in the trial. This was the first U.S. case attempting to hold a drug-maker accountable for fueling the opioid epidemic.

Shares of Johnson & Johnson rallied more than 5% on the news, resulting in a $13.5 billion market cap gain after hours. Drugmaker

 

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Republican judge. They’ll ALWAYS side w/corporations over people.

This is a disgraceful statement. Is jimcramer getting his talking points from the equally incompetent larrykudlowCNBC?

Lmao 😂 glwt permabulls

But...the lawsuits haven't happened yet based off this verdict. Just wait. markets citi

Such a shame. So many lives have been lost or destroyed because of these products. The fine is way too small.

👇👇👇👇👇👇👇👇👇👇

Is UP💰💰💰

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