Procter & Gamble Stock Price, News & Analysis

The Procter & Gamble Company (NYSE: PG) announced a voluntary recall of certain aerosol dry conditioner and shampoo spray products from brands including Pantene, Aussie, and Herbal Essences. This recall is due to detected levels of benzene, a classified human carcinogen, in some products manufactured in the U.S. While the company stated that the detected levels are not expected to cause adverse health effects, it is conducting the recall as a precaution. No adverse events have been reported, and other products from these brands remain unaffected.

Crest, the leading toothpaste brand in America, is celebrating its ‘12 Days of Crest Smiles’ holiday initiative, granting special smile wishes to children and organizations in need. Launched on December 9, this year’s special wish includes support for Ayden Houston, an 8-year-old from Ohio suffering from a rare condition affecting his teeth. Crest has partnered with organizations like America’s ToothFairy to ensure more children receive essential oral care. This initiative highlights Crest's commitment to spreading smiles and supporting community health.

P&G Ventures, the early-stage startup studio within Procter & Gamble (NYSE:PG), has announced the four finalists for its Innovation Challenge 2021. These startups will pitch their innovative product ideas at CES 2022 for a chance to win $10,000 and further collaboration with P&G Ventures. Finalists include Cybele Microbiome, Kushae Naturals, Lady Patch, and Ryp Labs. This year's challenge saw a record number of submissions, with 60% being from female founders. The pitch event takes place on January 6, 2022, at 9:30am PT, and will be live-streamed.

Schubert Jonckheer & Kolbe LLP has initiated an investigation into the recall of aerosol spray antiperspirants and hygiene products by The Procter & Gamble Company (NYSE: PG). The recall, announced on November 23, 2021, affects products due to high levels of benzene, a known carcinogen linked to severe health risks. Affected brands include Old Spice and Secret, with expiry dates through September 2023. Consumers are urged to check if their products are on the recall list and may seek legal advice regarding their rights.

P&G has deployed Tide Loads of Hope mobile laundry units to assist families affected by the recent tornadoes in Kentucky and surrounding states. Starting December 14, residents can receive free laundry services in Mayfield, KY, along with essential personal care kits and cleaning products. This initiative aims to provide vital support to over 50,000 people left without power due to the disaster. P&G partners with Matthew 25: Ministries to execute this relief effort, which aligns with their commitment to community support.

Procter & Gamble’s Always has announced a donation of $320,000 to the YMCA to launch the Always Sports Grant, enabling access to sports programs for 1,500 girls across ten states. This initiative aims to combat the dropout rate among girls in sports, particularly during puberty, which is near 50%. The grant will cover various sports, including basketball and soccer, with an earlier donation of $500,000 supporting ten grassroots organizations. The partnership seeks to empower young girls, fostering confidence and teamwork through sports.

Crest and Oral-B, in partnership with actress Christina Milian, aim to address oral health disparities faced by underserved communities in the U.S. Nearly 2 million children, particularly Black and Hispanic, are targeted for improved access to dental care this year. Through collaborations with organizations like America’s ToothFairy and Feeding America, Crest and Oral-B will provide essential dental resources, education, and products. Their initiative is a part of a broader mission to enhance oral health equity, showcasing the significant impact of oral health on children's well-being and future opportunities.

Tide, in partnership with GlobalMedic, is launching the Tide Loads of Hope initiative in Kamloops, BC starting November 23 to offer free laundry services to individuals displaced by recent floods. This initiative aims to support approximately 18,000 residents affected by the disaster, providing services including washing, drying, and folding laundry. The service will operate for two to three weeks at Downtown McCleaners and adheres to updated COVID-19 safety protocols.

P&G Canada announces the launch of free laundry services in response to the devastating B.C. floods affecting approximately 18,000 residents. Starting November 22, displaced families and emergency workers can utilize Tide's Loads of Hope program at Tradex in Abbotsford, BC. Services include free washing, drying, and folding, with strict COVID-19 safety protocols in place. This initiative underscores Tide's commitment to community support, with expectations to operate for two to three weeks.