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Johnson & Johnson says continues to invest in R&D at ‘competitive levels’

Johnson & Johnson says continues to invest in R&D at ‘competitive levels’

Expects “elevated levels” of investment in Q4. Expects “no material improvement” in Asia Pacific region for remainder of year. Says “making progress” towards resolution of talc litigation, but no update on timeline. Says capital allocation strategy “remains unchanged.” Sees 2025 tax rate “slightly lower” than 2024.

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