Johnson & Johnson, besieged by lawsuits, will stop selling baby powder made with talc in the U.S. and Canada, citing a decline in customer demand amid safety concerns about one of its most famous products.

The move comes as J&J faces thousands of lawsuits alleging the talc powder has harmed women who had used it for years. Some of the lawsuits have led to costly jury verdicts against the company.

J&J,…

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