Kenvue Stock Recoups Losses After Trump Links Tylenol to Autism
2 minutes ago
Kenvue stock is rebounding. It may be a largely a case of things-could’ve-been- worse.
Kenvue (KVUE) shares were recently up some 3%, recovering a bit after a more than 7% selloff Monday in anticipation of President Donald Trump’s comments regarding Tylenol, one of its core products, and autism. Trump on Monday evening said taking Tylenol while pregnant is “not good,” but his administration in a fact sheet said that “evidence does not definitively establish causality” between acetaminophen, the active ingredient in Tylenol, and autism.
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By midday Tuesday, Kenvue shares had recovered almost 60% of their losses since Friday’s close. Some investors seem to have anticipated more regulation of Tylenol in the administration’s plan to tackle what it calls an “autism epidemic,” Citi analysts said late yesterday.
Trump-administration policy reflected “a better-than-feared outcome, as some investors had feared an outright ban of Tylenol (or more severe sales limitations) and/or the release of new scientific data establishing [a] direct causal link between acetaminophen and autism,” the analysts said.
Tylenol represents about 10% of Kenvue’s sales and generates 12% to 15% of its operating profit, Citi estimates. Kenvue’s self-care segment, which includes Tylenol, Motrin, Benadryl, and other medications, generated about 42% of the company’s sales last fiscal year, according to its annual report.
Read the full article here.
Paramount Skydance Stock Pops; Former Trump Antitrust Official Reportedly Close to Joining Legal Team
27 minutes ago
Paramount Skydance (PSKY) was the top-performing stock in the S&P 500 Tuesday afternoon, with shares advancing 8% following a New York Post report that Makan Delrahim, an antitrust official during the first Trump Administration, was “in advanced talks to join” the company.
Delrahim, who served as Assistant Attorney General for the U.S. Department of Justice’s Antitrust Division during Trump’s first term, subsequently became a partner at law firm Latham & Watkins and advised on the recently completed merger of Paramount and Skydance, the report said.
Shares of Paramount Skydance, which reportedly is weighing a potential bid for fellow entertainment giant Warner Bros. Discovery (WBD), have soared about 80% since the entertainment firms completed their merger on Aug. 7.
Paramount Skydance did not immediately respond to an Investopedia request for comment.
Firefly Is Losing Its Buzz After a Big IPO
2 hr 9 min ago
Firefly Aerospace (FLY) shares tumbled Tuesday, a day after the aerospace firm posted widening losses, as a mishap that grounded its Alpha rocket weighed on its results.
The stock was down nearly 12% in recent trading around $43. Monday’s quarterly report was the company’s first since it went public last month, with Tuesday’s drop dragging the stock below its initial public offering price of $45 per share.
Firefly reported a second-quarter loss of $80.3 million, or $5.78 per share. That compares to a loss of $58.7 million or $4.60 per share a year ago.1
The Federal Aviation Administration had halted launches of Firefly’s Alpha rocket following a rupture during a late April flight that led the Alpha Flight 6 to fail to reach orbit and fall into the ocean. Following an investigation, the FAA last month allowed the company to resume Alpha missions.
CEO Jason Kim said in a call with analysts that Firefly has made changes to Alpha to address the issue, and “is now working to determine the next available launch window for Alpha Flight 7,” according to a transcript provided by AlphaSense.
The company also said it received a $10 million contract addendum from the National Aeronautics and Space Administration related to Firefly’s Blue Ghost lunar mission. Blue Ghost was the first commercial spacecraft to land on the moon, and the addendum will have the company provide NASA with more data collected from that trip.
Energy-Related Stocks Among Top Performers in S&P 500 Today
3 hr 6 min ago
Several energy-related stocks were among the biggest risers in the S&P 500 around midday.
Oilfield-services firm Halliburton (HAL) shares were up about 8%. Other top advancers included Sempra (SRE), Baker Hughes (BKR), and Diamondback Energy (FANG).
Crude prices recently were up more than 2%.
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AutoZone Posts Weaker-Than-Expected Q4 Profit
3 hr 41 min ago
AutoZone (AZO) posted weaker-than-expected quarterly profit as its spending increased.
The auto parts retailer reported fourth-quarter fiscal 2025 net income that dropped 7.2% to $837.0 million, with diluted earnings per share of $48.71. Analysts surveyed by Visible Alpha were looking for $867.5 million and $50.89, respectively. Revenue rose 0.6% to $6.24 billion, basically in line with forecasts. Same-store sales grew 4.5%, slightly higher than estimates.
Eva Marie Uzcategui / Bloomberg via Getty Images
Operating, selling, general, and administrative expenses were up 3.0% to $2.02 billion as AutoZone added 141 stores and expanded its inventory 14.1%.
CEO Phil Daniele said that trend will continue, as AutoZone expects to “aggressively open stores in the new year.” He added that by investing in the business, the company anticipates ”that our disciplined approach of increasing earnings and cash flow will deliver strong shareholder value.”
AutoZone shares were flat in morning trading. Prior to today’s session, they were up 29% year-to-date.
Nvidia Levels to Watch After Chip Giant’s $100B Deal With OpenAI
4 hr 52 min ago
Nvidia (NVDA) shares lost ground in early trading Tuesday after logging their largest one-day percentage gain since July on news the AI favorite plans to invest up to $100 billion in OpenAI.
Under the deal, Nvidia will supply OpenAI with its next-generation Vera Rubin platform to help the ChatGPT maker build data centers and other AI infrastructure with a capacity of at least 10 gigawatts of power. The companies said they anticipate finalizing the details of the partnership in the coming weeks.
Nvidia shares were down 2% at around $180 in recent trading after surging nearly 4% on Monday. Through yesterday’s close, the stock had gained 37% so far in 2025, handily outpacing broader market returns over the period. Investors have piled into the stock as big tech hyperscalers and sovereign customers invest heavily in the company’s products as they ramp up their AI capacity.
After setting their record high last month, Nvidia shares consolidated within a symmetrical triangle before breaking out from the pattern in Monday’s trading session.
The breakout indicates a continuation of the stock’s extended move higher, with increasing volume in recent days signaling conviction from larger market participants.
It’s also worth noting that the relative strength index has moved back into bullish territory, confirming strengthening price momentum.
Read the full technical analysis piece here.
Boeing Stock Rises on Uzbekistan Airways Order That Trump Says Is Worth $8B
5 hr 31 min ago
Boeing (BA) has logged its biggest-ever single order with a sale of up to 22 787 Dreamliners to Uzbekistan Airways, in a deal President Donald Trump said is worth more than $8 billion.
The companies said Monday that Uzbekistan Airways would buy 14 of Boeing’s 787-9 Dreamliner jets, with options for eight more, sending shares of the U.S. plane maker rising 2.2% in premarket trading. The stock entered 2025 up 20%, after stumbling last year following a series of safety incidents and a crippling strike at its Washington plants.
“Earlier this month I spoke with the Highly Respected President of Uzbekistan, Shavkat Mirziyoyev. Today I want to congratulate President Mirziyoyev on signing a GREAT Deal with Boeing!” President Trump said in on his Truth Social platform. He added that the deal is “worth over $8 Billion Dollars.”
The companies said the investment will support “nearly 35,000 U.S. jobs.”
Uzbekistan Airways said the order would help modernize its fleet and “expand its international routes to the U.S. and other long-haul destinations as demand for international travel continues to rise.” The Dreamliner is a wide-body jet known for being fuel efficient.
IonQ Stock Rises as Firm Claims ‘Significant Quantum Internet Milestone’
6 hr 10 min ago
Shares of IonQ (IONQ) advanced 4% before the bell after the quantum computing company said it achieved a “milestone” advancement.
The College Park, Md.-based firm said it “successfully demonstrated the frequency conversion of photons from visible wavelengths used to interface with trapped barium ions, into telecom wavelengths on a prototype system. This critical milestone paves the way for interconnecting quantum computers over vast distances using the current existing fiber optic infrastructure.”
IonQ shares entered the day up more than 70% year-to-date.
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OECD Says US GDP Growth to Slow Next Year
6 hr 35 min ago
The Organisation for Economic Co-operation and Development on Tuesday raised its growth forecast for the U.S. economy in 2025 on the back of investing around the AI boom, but noted that tariffs and lower net immigration are taking a toll and would lead to slowing growth next year.
The OECD said it expects the U.S.’s annual real gross domestic product growth rate to come in at 1.8% in 2025, up from its 1.6% projection in June. That is, however, well below the 2.8% GDP growth registered in 2024. U.S. GDP is projected to rise by just 1.5% next year.
PATRICK T. FALLON / AFP via Getty Images
“Strong AI-related investment boosted outcomes in the United States,” the Paris-based body said, but also noted that GDP growth is falling from 2024 as “strong investment growth in high technology sectors is more than offset by higher tariff rates and a drop in net immigration.”
The OECD said that the overall effective tariff rate in the U.S. rose to around 19.5% at the end of August, the month when President Donald Trump’s “reciprocal” tariffs went into effect. That is the highest rate since 1933, it said. The OECD also noted a softening in U.S. labor markets.
Read the full article here.
Stock Futures Little Changed After Major Indexes Set Latest Record Highs
7 hr 40 min ago
Futures tied to the Dow Jones Industrial Average were up roughly 0.1%.
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S&P 500 futures fell about 0.1%.
Nasdaq 100 futures slipped less than 0.1%.
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