What Drove Kimberly-Clark’s $40 Billion Deal for Tylenol Maker Kenvue

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 3 November 2025

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for Nov. 3. In one of the biggest takeovers of the year, Kimberly-Clark has agreed to buy Tylenol maker Kenvue for more than $40 billion. WSJ business reporter Natasha Khan joins to discuss the strategy behind the deal. Plus, Chipotle has invested heavily in courting younger customers. Now, they’re feeling the economic pinch—and so is Chipotle. Journal reporter Heather Haddon talks about what the company is doing about it. And Mali may soon be the first country to fall to al Qaeda. We hear from WSJ security correspondent Benoit Faucon on what that would mean for the U.S.-designated terrorist group’s presence in Africa. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:21.8	Learn more at dinotrace.com slash WSJ.
0:24.5	That's www. dY-N-A-T-R-A-C-E dot com slash WSJ.
0:33.6	What Kleenex maker Kimberly Clark gets out of buying the company behind Tylenol.
0:38.8	Plus, young Americans are feeling the economic pinch.
0:42.2	And that's hitting Chipotle.
0:44.3	And three key races in tomorrow's election will gauge voters' frustration with the economy.
0:49.5	Democrats are really unifying around the theme of affordability.
0:53.9	They're saying we're the ones who have the plan to lower cost for people.
0:57.6	It's Monday, November 3rd.
0:59.5	I'm Alex Oscella for the Wall Street Journal.
1:01.9	This is the PM edition of What's News, the top headlines and business stories that move the world today.
1:10.1	In one of the biggest takeovers of the year, Kimberly Clark has agreed to buy Tylenol
1:14.7	maker Kenview for more than $40 billion. The cash-in-stock deal would create a company
1:19.9	with $32 billion in annual revenue, whose brands include household staples like
1:24.8	huggies, Kleenex, cottonell toilet paper, and listerine mouthwash.
1:28.9	Plus, of course, Tylenol.
1:30.9	WSJ business reporter Natasha Khan tells us what Kimberly Clark gets out of the deal.
	...

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