Johnson & Johnson shares rise after it says no signs of asbestos found in baby powder after testing

Health, Fitness & Food

A Johnson & Johnson building is shown in Irvine, California.

Mike Blake | Reuters

Johnson & Johnson, which recalled 33,000 bottles of baby powder earlier this month, said Monday it retested its baby powder and found no signs of asbestos that prompted the recall.

J&J pulled the powder off of shelves after federal regulators said they found trace amounts of the toxic substance in a bottle purchased online. Asbestos is a known carcinogen.

The following week, Walmart, CVS Health and Rite Aid announced they would pull all containers of the company’s baby powder following the regulator’s findings.

This is a developing story. Please check back for updates.

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