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Kimberly-Clark Completes Kenvue Acquisition | Markets & Money News
Kimberly-Clark has completed its acquisition of Kenvue, the maker of Tylenol, significantly enhancing its presence in the health and wellness market. Valued at nearly $49 billion, including debt, Kimberly-Clark plans to achieve $1.9 billion in cost reductions over three years. The company faces challenges like rising input costs and over 500 lawsuits tied to Tylenol's safety during pregnancy. CEO Michael Hsu emphasizes the importance of affordable pricing while navigating these concerns. This
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