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WSJ Minute Briefing

Kimberly-Clark Buys Tylenol Maker Kenvue for Over $40 Billion

WSJ Minute Briefing

The Wall Street Journal

News, Business News

4.1671 Ratings

🗓️ 3 November 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Pfizer files a second lawsuit against Metsera and Novo Nordisk. And OpenAI pays Amazon $38 billion for computing power in a multiyear deal. Zoe Kuhlkin hosts. Sign up for WSJ’s free What’s News newsletter. An artificial-intelligence tool assisted in the making of this episode by creating summaries that were based on Wall Street Journal reporting and reviewed and adapted by an editor. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:40.6

Kimberly Clark has agreed to purchase Kenview for more than $40 billion, combining the maker of

0:46.2

Huggies with the owner of Tylenol and one of the year's largest corporate takeovers.

0:51.0

The cash-and-stock deal will create a company with about $32 billion in annual revenue.

0:56.5

Kimberly Clark, the company behind Kleenex tissues and Cottonell toilet paper, has been lagging

1:01.4

rivals like Procter and Gamble in buying Kenview could help its effort to find growth.

1:06.4

But the combined company would also face headaches. Kenview has been under pressure since President

1:11.5

Trump's warning that the active ingredient in Tylenol is a potential cause of autism.

1:17.4

Pfizer is filing a second lawsuit against Metzara in Novo Nordisk, alleging that the weight

1:22.4

loss drug developers proposed merger violates federal antitrust laws. Fizer says that the acquisition would solidify

1:29.5

OZempic maker Novo Nordisk's market position by eliminating a smaller competitor. Pfizer in September

1:35.7

had reached a deal with Metzara to pay up to $7.3 billion for the small biotech company.

1:41.7

Novo Nordisk last week proposed to buy Metzara for up to $9 billion,

1:45.7

and Metzara said Novo Nordisk's bid was better. Pfizer then sued Novo Nordisk and

...

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