J&J Proposes $5.5bn Talc Settlement

The $5.5 billion proposal aims to resolve over 60,000 claims from women who alleged that J&J's talc-based powders contained asbestos and caused ovarian cancer.

The company has consistently denied the allegations, but previous settlement attempts failed.

This new offer comes after a series of court setbacks and is structured to gain broad claimant support.

The deal would allow J&J to move past the litigation without admitting liability.