Gorsky made his comments a day after announcing that J&J is committing $10 million over the next three years "to fighting racism and injustice in America."
The maker of Prego pasta sauce and Goldfish crackers now expects fiscal 2020 adjusted earnings per share of $2.87 to $2.92, up from its prior range of $2.55 to $2.60.
The company said its net loss stood at $257.2 million, or $1.54 per share, in the quarter ended May 2, compared with a profit of $40.8 million, or 23 cents per share, a year earlier, mainly due to an impairment charge of about $156 million.
Remember the "yellow vests" movement that brought France to a standstill in late 2018? Now, Italy is seeing its own grassroots, anti-government, populist movement, the "Orange Vests."
China and the U.S. right now are so enmeshed and much more interconnected that both sides will find it very hard to decouple, said a former Singapore senior diplomat.
Lufthansa reported a significant loss for the first three months of the year and said restructuring was necessary on the back of the coronavirus pandemic.
A very public dispute has broken out between some of Italy's, and the world's, most high-profile doctors after one expert claimed the coronavirus "no longer exists clinically."
The news comes as epidemiologists and public health specialists worry the mass protests, which have engulfed the nation, could allow the coronavirus to take off again in the U.S.
Kareem Abdul-Jabbar joined CNBC's "Closing Bell" on Tuesday to discuss the recent protests throughout the country following the death of George Floyd, an unarmed black man in Minnesota.
"If the rest of the world's in better shape, well, that is fantastic news for our companies that do lots of business overseas," the "Mad Money" host said.
Powerful GOP donor Paul Singer is founder and co-CEO of a hedge fund with a seat on Twitter's board. But that doesn't mean he can influence the social media giant's policies to be more sympathetic to his party.