Tag

Kenvue

All articles tagged with #kenvue

law-and-health2 months ago

Texas Seeks Court Orders to Halt Tylenol Marketing and Payments Amid Legal Disputes

Texas Attorney General Ken Paxton is seeking to block Tylenol maker Kenvue from paying $400 million in dividends amid a lawsuit claiming the company failed to disclose autism risks associated with the medication, using a rare legal move to protect potential assets for legal liabilities. The case is part of broader political and health debates surrounding Tylenol and autism, with the company denying the allegations and criticizing the lawsuit as politically motivated.

business2 months ago

Kimberly-Clark's $48.7 Billion Acquisition of Tylenol Parent Kenvue Sparks Market Volatility

Kimberly-Clark is acquiring Kenvue for nearly $50 billion, aiming to create a global health and wellness leader, but the market reacts negatively due to legal risks and Kenvue's stagnant sales. Kenvue's stock rose 15% post-announcement, while Kimberly-Clark's fell 13%, reflecting investor concerns about the deal's valuation and potential legal liabilities.

law-and-health2 months ago

Texas Sues Tylenol Makers Over Autism Risk Allegations

Texas Attorney General Ken Paxton sued Johnson & Johnson and Kenvue, alleging they concealed the potential link between Tylenol (acetaminophen) and autism/ADHD, despite government confirmation of risks and public warnings by Trump. Kenvue defends Tylenol's safety, while Johnson & Johnson disclaims liability, leading to stock declines for both companies.

business3 months ago

Kenvue Faces Challenges Amid Tylenol Safety Concerns and Market Fluctuations

Kenvue, the company behind Tylenol, is facing a public relations crisis after President Trump suggested unproven links between Tylenol use during pregnancy and autism, leading to stock decline and increased scrutiny, despite scientific evidence indicating no such link. The company is actively trying to reassure consumers and defend the safety of its product amid legal and public challenges.