J&J agrees to settle talc marketing probe for $700M, Bloomberg reports

Johnson & Johnson has tentatively agreed to pay about $700M to resolve an investigation by more than 40 U.S. states of claims that it wrongfully marketed its talc-based baby powder by not warning about possible health risks, Jef Feeley of Bloomberg reports, citing people familiar with the deal.The settlement would avert potential lawsuits alleging that J&J hid any links between the talc in its powder and various cancers, sources told Bloomberg. The people added that J&J and representatives for state attorneys general are still figuring out the specific terms of the accord but have reached an agreement on the total amount.