J&J’s profit slides 35% as coronavirus forces hospitals to forgo elective surgeries

Business

Johnson & Johnson products on a shelf in a store in New York.

Lucas Jackson | Reuters

Johnson & Johnson’s second-quarter profit slid 35% from the same time last year as the coronavirus pandemic forced hospitals to postpone elective surgeries, hitting the company’s medical device business hard.

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

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