Johnson & Johnson
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Health Care : Pharmaceuticals | Large Cap Blend
Company profile

Johnson & Johnson is a diversified healthcare products company. The Company is engaged in the research and development, manufacture and sale of a range of products in the healthcare field. It operates through three segments: Consumer Health, Pharmaceutical and MedTech. Its primary focus is products related to human health and well-being. The Consumer Health segment includes a range of products that is focused on personal healthcare used in the skin health/beauty, over-the-counter medicines, baby care, oral care, women’s health and wound care markets. The Pharmaceutical segment is focused on six therapeutic areas: Immunology, Infectious Diseases, Neuroscience, Oncology, Cardiovascular and Metabolism and Pulmonary Hypertension. The MedTech segment includes a range of products used in the interventional solutions, orthopaedics, surgery, and vision fields. Its geographic area includes the United States, Europe, Western Hemisphere (excluding the United States), and Africa, Asia and Pacific.

Postmarket

Last Trade
Delayed
$162.08
0.08 (0.05%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$162.00
Day's Change
-6.23 (-3.70%)
Bid
--
Ask
--
B/A Size
--
Day's High
168.54
Day's Low
161.08
Volume
(Heavy Day)
Volume:
23,152,624

10-day average volume:
7,382,056
23,152,624

Piedmont Lithium receives $141.7 million DOE grant, as stock has rocketed over 60% in 3 months

12:25 pm ET October 19, 2022 (MarketWatch)
Print

This replaces an earlier item that reported incorrect year-to-date share gains for Piedmont Lithium and Livent. It has been corrected.

Shares of Piedmont Lithium Inc. charged up 11.5% in midday trading Wednesday, after the lithium producer announced a $141.7 million grant from the U.S. Department of Energy. The company said the grant is part of the Biden administration's infrastructure law aimed at expanding domestic manufacturing of batteries for electric vehicles (EVs) and for materials currently imported. Piedmont, which has yet to report any revenue, said the grant will support the construction of its $600 million Tennessee Lithium project, which is expected to begin in 2023, and to produce 30,000 metric tons of lithium hydroxide per year. The project is expected to create about 120 new jobs. "This funding will enable us to accelerate detailed engineering and place orders for long-lead items," said Piedmont Chief Operating Officer Patrick Brindle. The stock has rallied 63.8% over the past three months, while fellow lithium producer Livent Corp.'s shares have blasted run up% higher and the S&P 500 has lost 6.1%.

-Tomi Kilgore

	

(END) Dow Jones Newswires

October 19, 2022 12:25 ET (16:25 GMT)

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