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Why One of the Richest Companies in America Is Declaring Bankruptcy

Johnson & Johnson knew their baby powder contained asbestos and caused cancer. They covered it up. A generation of women suffered, linking their ovarian cancer to J&J. But the $370 billion company could get away with it using a shady legal move: the Texas Two Step. ----- More Perfect Union’s mission is to build power for working people. Here’s what that means: We report on the real struggles and challenges of the working class from a working-class perspective, and we attempt to connect those problems to potential solutions. We report on the abuses and wrongdoing of corporate power, and we seek to hold accountable the ultra-rich who have too much power over America’s political and economic systems. We're an independent, nonprofit newsroom. To support our work: - Help fund our reporting: https://secure.actblue.com/donate/mpu-splash - Substack: https://substack.perfectunion.us/ - TikTok: https://www.tiktok.com/@moreperfectunion - Twitter: https://twitter.com/MorePerfectUS -Bluesky: https://bsky.app/profile/moreperfectunion.bsky.social - Facebook: https://www.facebook.com/MorePerfectUS - Instagram: https://www.instagram.com/perfectunion/ - Threads: https://www.threads.net/@perfectunion - Website: https://www.perfectunion.us

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