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Private equity firm Apollo Global Management and Johnson & Johnson are reportedly navigating a high-stakes negotiation over J&J's orthopedics business, according to a Yahoo Finance report. The deal talks reflect ongoing efforts by J&J to reshape its portfolio through divestiture of non-core medical device operations. The negotiations add to previously reported plans for J&J to sell its orthopedics unit, with Apollo emerging as a key potential buyer in the process. The outcome could shape the competitive landscape in the orthopedics device market depending on how the deal terms are structured.