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Product Recalls

Kimberly Redmond | Equities.com |

Health technology giant Koninklijke Philips N.V (NYSE: PHG) will soon start repairing and replacing millions of respiratory devices in the US to address potential health risks posed by the machines. 

In June, the Dutch company recalled four million of its CPAP, BiPAP and ventilator devices, including its first generation DreamStation machines, after finding that the polyurethane (PE-PUR) sound abatement foam used in these products could degrade, become toxic and...


Reuters | Equities.com |

Johnson & Johnson is voluntarily recalling five Neutrogena and Aveeno brand aerosol sunscreen products after detecting a cancer-causing chemical in some samples.

The New Jersey-based company said on Wednesday that consumers should stop using the products and discard them after internal testing identified low levels of benzene in some samples.


Reuters | Equities.com |

Peloton announced a recall of its treadmills on Wednesday, reversing course just weeks after saying there was “no reason” to stop using the exercise machines despite reports of multiple injuries and the death of a child in an accident.

Chief Executive Officer John Foley also apologized for the company's initial reaction to a report from the U.S. Consumer Product Safety Commission (CPSC) in April, which warned consumers about the dangers of Peloton's Tread+ treadmills. The company had called the report "inaccurate and misleading".