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Huggies maker to buy Tylenol parent company

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Huggies maker Kimberly-Clark has reached a deal to acquire Tylenol parent company Kenvue.

The deal is valued at nearly $50 billion.

Kenvue’s stock has been down in recent weeks as President Donald Trump made unfounded claims linking autism to Tylenol use during pregnancy, according to CNN.

Read more from CNN.

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