Shares of major pharmaceutical companies surged in after-hours trading Monday following a smaller-than-expected fine for Johnson & Johnson.
the company to pay the state $572 million — significantly less than the $17 billion in penalties sought in the trial. This was the first U.S. case attempting to hold a drug-maker accountable for fueling the opioid epidemic.
Shares of Johnson & Johnson rallied more than 5% on the news, resulting in a $13.5 billion market cap gain after hours. Drugmaker
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