Explained: Why has Johnson and Johnson decided to discontinue its talc-based baby powder?

Johnson and Johnson has announced that it will discontinue the sale of its talc-based baby powder globally in 2023. What is the reason for this? What were the lawsuits against J&J? Is the product safe to use?

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Why has Johnson and Johnson decided to discontinue its talc-based baby powder?

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Johnson & Johnson to stop sale of talc-based baby powder in 2023