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al_borland 15 hours ago

Hopefully people are watching to make sure none of them shorted the stock.

rsynnott 5 hours ago | parent | next [-]

What stock? Paracetamol was first synthesised over 150 years ago; it is the most generic of generic drugs. It's also, well, not a big profit centre for anyone; it costs practically nothing.

al_borland 3 hours ago | parent [-]

Kenvue. J&J spun off their consumer products, including Tylenol, into Kenvue a couple years ago. It dropped 7.5% on the news to an all-time low.

xp84 15 hours ago | parent | prev [-]

~I thought J&J already settled a big class-action lawsuit on that, didn't they?~

Edit: I was misremembering an ongoing lawsuit as having been resolved: https://www.nysd.uscourts.gov/MDL/22md3043

al_borland 14 hours ago | parent [-]

Apparently J&J spun off their consumer health products, including Tylenol to Kenvue in 2023.