00:00 Speaker A
We look at Kenvue and Johnson & Johnson, DR Horton and Trump Media. First, the state of Texas, Kenvue and Johnson & Johnson, sued the companies, claiming they hid the risks of autism and other disorders from mothers who took Tylenol during pregnancy. Texas has alleged that both companies knowingly withheld evidence linking the active ingredient in Tylenol to autism and ADHD. Kenvue called the allegations baseless and claimed the medication is safe for pregnant women. Kenvue, a spinoff of Johnson and Johnson, has been making Tylenol since 2023. Texas claims the spin was intended to protect Johnson and Johnson from liability for the risks of Tylenol. It's worth noting that the link between autism and Tylenol use during pregnancy has not been proven.
00:43 Speaker A
Then, DR Horton beat estimates for quarterly home orders as buyers got a lift from falling mortgage rates. DR Horton, which focuses on the first-time homebuyer market, has been held back by affordability concerns. Many builders, including DR Horton, have discounted properties and offered incentives to keep sales flowing.
01:00 am Speaker A
And finally, Trump Media, the social media company entering the prediction market space. DJT plans to make prediction contracts available on its social network, allowing users to bet on events ranging from political elections to changes in inflation rates. The initiative adds to Trump Media's recent efforts to capitalize on its retail following. It also comes after trading volume on leading marketplaces, Polymarket and Kalshi, hit a new record high.
01:27 Speaker A
As always, you can scan the QR code below to track the best and worst performing stocks on Yahoo Finance's Trending Tickers page.
