Kimberly-Clark Bets Over $40B on Kenvue Amid Tylenol Controversy -- Market Talk

Dow Jones
Nov 03

0728 ET - Kimberly-Clark's more than $40 billion deal to buy Kenvue comes as the drugmaker has recently made headlines, after the Trump Administration linked Tylenol use during pregnancy to autism. President Trump and Health Secretary Robert F. Kennedy Jr. put out an official warning in September which stated that acetaminophen is a potential cause of autism, citing existing studies. Kenvue has repeatedly denied such claims, stating it hasn't found any casual association between acetaminophen use in pregnancy and neurodevelopmental disorders. Still, a citizen petition in September sought to change consumer labels on the popular pain reliever, and Texas last week sued Kenvue, alleging it hid autism risks of the pain reliever. Kenvue shares jump 20%, while Kimberly-Clark shares sink 15%. (connor.hart@wsj.com)

(END) Dow Jones Newswires

November 03, 2025 07:28 ET (12:28 GMT)

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