Johnson & Johnson (JNJ) announced an investment of more than $1 billion in Jacksonville, Florida to strengthen its Vision operations by scaling U.S.-based manufacturing, packaging and distribution capabilities. The company noted that the announcement is part of the previously announced $55 billion U.S. investment in manufacturing, research and development, and technology through early 2029.
The investment includes construction of a state-of-the-art distribution facility, alongside advanced manufacturing and packaging technologies to expand capacity and meet growing demand for the company's ACUVUE-brand contact lenses.
In pre-market trading on NYSE, Johnson & Johnson shares are down 0.72 percent to $239.12.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.