Johnson & Johnson said Wednesday it received subpoenas from the U.S. Justice Department and the Securities and Exchange Commission seeking documents related to the safety of its signature baby powder and other talc-containing products. A J&J spokesman said the inquiries were related to news reports in December about product-liability lawsuits against the company, which caused J&J’s stock price to fall sharply. J&J disclosed the subpoenas in an annual report filed Wednesday with the SEC.

Source: Wall Street Journal February 21, 2019 00:33 UTC