Check out the companies making headlines in midday trading:

Johnson & Johnson Shares of the pharmaceutical and consumer goods company fell 4% after Bloomberg News reported that the U.S. Justice Department is launching a criminal investigation into whether or not the company lied to the public about potential cancer risks in its talcum baby powder. The reported probe comes after thousands of cancer patients launched a civil suit claiming that asbestos in J&J’s talc was responsible for their disease.

Milacron Holdings — Shares of the plastics-processing equipment maker surged as much as 25% Friday after it agreed to be

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