In what has become an almost weekly ritual, I was expecting another drug recall, management change or some other announcement of corporate malfeasance from Johnson & Johnson on Friday. It didn’t happen.
No additional poisonings of young children taking J&J products. No additional details of phantom recalls. No additional leaked documents of a company hiding questionable things from the FDA. No sacked executives (whether scapegoat or deserved). Essentially, Friday was a no-news day for J&J. Search as I might, I couldn’t find anything. (Yeah, there was that nasty quarter billion dollar fine that J&J is going to have to pay to Louisiana for misleading marketing, but that hit on Thursday. More on the Louisiana case tomorrow.)
Could it be, that J&J is FINALLY turning the corner? Or could it be that J&J just didn’t want any additional distractions before it reports quarterly earnings on Tuesday?
