In a recent development, a U.S. appeals court rejected J&J’s attempted use of Texas Two-Step bankruptcy strategy to offload nearly 40,000 lawsuits for its talc products. Of those 63 instances, 48 resulted in JNJ stock rising over the subsequent one-month period (twenty-one trading days). With higher inflation and the Fed raising interest rates, among other factors, JNJ stock has fallen 4% in the last twelve months.