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0.00023940627244429 0 0.00023940627244429 -0.00191525017955466 -0.00287287526933217 0.000718218817333041 0 0.00143643763466608
Stock impact report

J&J Slides as Device Margins Droop, Drug Sales Seen Falling [Yahoo! Finance]

Kenvue Inc. (KVUE) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg China Weighs Stock Market Rescue Package Backed by $278 Billion India Tops Hong Kong as World's Fourth-Largest Stock Market An Isolated Israel Doubles Down on War in Gaza — At All Costs Netflix Pays $5 Billion for ‘Raw' in Bet on Live Events Hong Kong Stocks at 36% Discount Show True Depth of China Gloom Medical technology margins declined due to costs of an acquisition, commodity inflation and an unfavorable product mix, executives said on an earnings call, and second-half pharma sales will slip as top-selling drug Stelara faces competition in Europe. The company affirmed its annual financial forecast, and said a US regulatory panel will look into a study of Carvykti, its Car-T treatment for multiple myeloma. The shares fell as much as 3.4% as of 11:23 a.m. in New York, their biggest intraday drop since August. J&J has narrowed its focus on its pharma and devices businesses after spinning off its less-profitable consumer unit as Kenvue Inc. W Show less Read more
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