Texas Sues Tylenol Makers
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The company plans to name snack food executive Jon Halvorson as it faces a crisis over concerns of links between Tylenol and autism.
Renaissance Capital's bet on Kenvue is a bold one. The stock has performed poorly since the consumer health business spun off from Johnson & Johnson in 2023. At recent prices, the stock has lost about 45% of its value since its market debut a couple of years ago.
Kenvue (NYSE:KVUE), the consumer healthcare spin-off from Johnson & Johnson, has experienced a significant decline in its stock price in recent months.