Johnson & Johnson (JNJ)

Anytime JNJ tries to recovers and gets positive, one of paid media releases a negative news while ignoring all positive news. Well, JNJ is the largest medical company in world and it always has some news or activity, however manipulating the news has kept the price down while other smaller medical companies such as ABBV, ILL, MRK... are running higher and higher. Having said that, this situation may not continue for ever. More and more, it obvious that media such as Reuters or Benzinga have some intentions and they are paid by some shorts to profit.
JNJ future is very bright and new management has planned it to get rid of these noises in near and far future. This is the time to position in JNJ since next year will be too late and price will go up fast without any notice.

What happens to pps if this type settlement happens?
New Jersey Third District Appeals Court 09/20/2022

An attorney for Johnson and Johnson faced probing questions Monday over the corporation's use of a controversial bankruptcy maneuver that has frozen tens of thousands of lawsuits linked to Johnson's baby powder.

During the hearing, members of a three-judge panel of the United States Court of Appeals for the Third Circuit in Philadelphia asked whether J&J had used the legal strategy to gain "a litigation advantage" over roughly 40,000 cancer patients who have sued the company.

The cases were filed mostly by women. They claim Johnson's iconic talc baby powder was contaminated with asbestos, which caused their mesothelioma or ovarian cancers.

J&J, which announced last month it would suspend all talc baby powder sales worldwide, has denied any wrongdoing.

Attorney Neal Katyal, representing the company, responded by arguing that the bankruptcy maneuver — known as the "Texas two-step" — would benefit victims by producing a faster settlement, possibly worth as much as $61 billion.

Katyal acknowledged criticism that a "big company that has all these profits is somehow trying to evade liability."