Texas sues Tylenol makers J&J and Kenvue, claiming they hid drug’s autism risks

Texas has filed a lawsuit against Tylenol manufacturers Johnson & Johnson and Kenvue, alleging that they concealed risks linking acetaminophen use during pregnancy to autism. This lawsuit comes in the wake of controversial claims made by former President Trump, which have not been scientifically validated. The outcome of this case could have significant implications for public health and the pharmaceutical industry, as it raises questions about the safety of widely used medications during pregnancy.

Kenvue, the maker of Tylenol, is facing a significant crisis as concerns grow about potential links between its product and autism. In response, the company has decided to hire Jon Halvorson, a seasoned executive from the snack food industry, as its new marketing chief. This move is crucial for Kenvue as it seeks to navigate the challenges posed by these serious allegations and restore consumer trust in its brand.

Texas has filed a lawsuit against Kenvue, the maker of Tylenol, claiming that the company misled consumers by promoting the pain reliever as safe for use during pregnancy without disclosing potential links to autism. This case raises significant concerns about the responsibility of pharmaceutical companies in marketing their products and the implications for public health, especially for expectant mothers.

Michael Dell's son is making waves in the energy sector with his company, Base Power, which recently raised $1 billion to revolutionize home power solutions. By offering electricity and backup battery power in a membership model similar to Costco, they aim to provide consumers with reliable and affordable energy options. This initiative not only highlights the growing trend towards sustainable energy but also positions Base Power as a key player in the evolving market, especially with plans to build a battery factory in Texas.

Fermi Inc. has captured the attention of Wall Street analysts, who have all given the stock a Buy rating, signaling confidence in the company's ambitious plans to become a key player in America's artificial intelligence sector. This positive outlook comes despite some skepticism about whether the Texas-based power developer can deliver on its promises. The unanimous support from analysts highlights the potential they see in Fermi's vision, which could significantly impact the AI landscape.

Fermi Inc. is making a significant move by ordering four large nuclear reactors for a data center grid in the Texas Panhandle. This development is crucial as it highlights the growing trend of utilizing nuclear energy to power data centers, which are essential for our digital infrastructure. By investing in nuclear power, Fermi aims to provide a sustainable and reliable energy source, addressing both energy demands and environmental concerns.

Jefferies has reduced its price target for Kenvue's stock to $23, citing concerns over slowing retail trends. This adjustment reflects a cautious outlook on the company's performance in a challenging market environment, which could impact investor confidence and the stock's future trajectory.

The proposed Y’all Street Tax Plan in Texas aims to extend the state's financial services boom through three ballot measures. This initiative is significant as it could enhance economic growth and provide more opportunities for residents, making Texas an even more attractive place for businesses and investors.

Visa has reported impressive quarterly results, surpassing Wall Street estimates thanks to strong transaction volumes. This performance highlights the resilience of digital payments, even as cross-border growth shows signs of slowing. The company's ability to adapt and thrive in a competitive landscape is crucial, as it reflects broader trends in consumer behavior and the ongoing shift towards cashless transactions.

Honda has started implementing temporary production reductions and stoppages at its North American factories due to a semiconductor shortage. This situation highlights the ongoing challenges in the automotive industry, as manufacturers struggle to secure essential components for vehicle production. The impact of these stoppages could lead to delays in vehicle availability and affect the overall market, making it a significant concern for both the company and consumers.

SK Hynix, a key supplier for Nvidia, has reported a record quarterly profit that aligns with market forecasts. This achievement highlights the company's strong position in the semiconductor industry and reflects the growing demand for chips used in various technologies. As Nvidia continues to thrive, SK Hynix's success is a positive indicator for the tech sector, showcasing resilience and potential for future growth.

Paramount has signed a lease for 285,000 square feet at 1888 Studios in Bayonne, New Jersey, marking a significant expansion for the company. This move not only enhances Paramount's production capabilities but also signifies a growing investment in the New Jersey film industry, which could lead to more job opportunities and economic growth in the region.

Betsy Duke, speaking on Bloomberg's 'The Close', expressed her concerns about the Federal Reserve's potential decision to implement consecutive interest rate cuts. She believes that such actions could create entrenched market expectations that would be difficult to reverse. This discussion is significant as it highlights the delicate balance the Fed must maintain in responding to market pressures while ensuring economic stability.

Lucid Motors is set to launch a new mid-size electric vehicle (EV) equipped with advanced self-driving technology powered by Nvidia chips. This development is significant as it showcases Lucid's commitment to innovation in the automotive industry, potentially enhancing the driving experience and safety for consumers. With the growing demand for electric vehicles and autonomous driving features, this launch could position Lucid as a key player in the market.