Embattled ​Tylenol Maker Kenvue Hires New Marketing Chief

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.

Texas has filed a lawsuit against Tylenol manufacturers Johnson & Johnson and Kenvue, alleging that they concealed risks associated with the drug that could lead to autism. This case is significant as it raises concerns about the transparency of pharmaceutical companies regarding the safety of their products, potentially impacting public trust and health policies.

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.

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.

A recent Reuters poll indicates that Taiwan's economic growth is expected to slow in the third quarter, primarily due to the impact of tariffs. This slowdown is significant as it reflects the ongoing challenges faced by Taiwan's economy amidst global trade tensions. Understanding these economic shifts is crucial for investors and policymakers alike, as they navigate the complexities of international trade and its effects on local markets.

Malaysia's trade minister has confirmed that the country's ban on raw rare earths exports will continue, despite a recent deal with the U.S. This decision is significant as it reflects Malaysia's commitment to managing its natural resources sustainably while balancing international trade relations. The ongoing ban may impact global supply chains, particularly for industries reliant on rare earth materials.

Former President Donald Trump has indicated that he might have a conversation with China's President Xi Jinping regarding Nvidia's latest 'super-duper' Blackwell chip. This potential dialogue highlights the ongoing technological competition between the U.S. and China, particularly in the semiconductor industry, which is crucial for advancements in AI and computing. As both nations vie for leadership in technology, discussions like these could shape future collaborations or tensions.

John Denton, the Secretary General of the International Chamber of Commerce, recently shared insights on the impact of trade wars on businesses during an interview at the APEC CEO Summit in Gyeongju, South Korea. His discussion highlights the uncertainties that arise from these trade conflicts, which are crucial for understanding the current global economic landscape. As businesses navigate these challenges, Denton's perspective sheds light on the importance of international cooperation and dialogue in mitigating risks and fostering a more stable trade environment.

SoftBank, Panasonic, and Hitachi are experiencing a surge in their stock prices following the announcement of new investment plans in the United States. This development is significant as it reflects a growing confidence in the U.S. market and the potential for these companies to expand their operations and influence in a key global economy.

Oil prices have dipped as concerns grow over potential sanctions on Russia and an increase in output from OPEC+. This situation is significant as it reflects the ongoing geopolitical tensions and their impact on global oil supply, which could lead to higher prices for consumers and affect economic stability.