Health-care companies ticked up as traders rotated back into a sector that has lagged for much of the year.
The iShares Biotechnology exchange-traded fund, rose by almost 2%, bringing year-to-date gains to roughly 8%.
Kenvue shares fell sharply following a Wall Street Journal report that U.S. health secretary Robert F. Kennedy Jr. plans to issue a report linking the use of pain reliever Kenvue's Tylenol by pregnant women to autism cases.
The Department of Health and Human Services report will also suggest a medicine derived from folate can be used to treat symptoms of the developmental disorder in some people.
Kenvue Inc. is one of the world leaders in the design, manufacture and marketing of consumer healthcare products. The group offers products for health, beauty, baby care, oral care, skin care and more. Net sales break down by family of products as follows:
- self care products (42,3%): for the treatment of coughs, colds, allergies, pain, indigestion, constipation, etc. (brands Zyrtec, Benadryl, Zarbee's, Frenadol, Codral, Reactine, Tylenol, Motrin, Calpol, Nicorette, Imodium, Pepcid, Microlax, Daktarin, etc.);
- personal care products (30.3%): primarily oral care, baby care, women's health and wound care products (Listerine, Desitin, Carefree, Stayfree, Band-Aid, Neosporin brands, etc.);
- beauty and skin care products (27.4%): hair care products, sun protection products, face and body care products, etc. (Neutrogena, Aveeno, Clean&Clear, Lubriderm, Johnsons, Neostrata, OGX, Rogaine brands, etc.).
Product marketing is assured through direct sales, distributors and the Internet.
Net sales are distributed geographically as follows: North America (49%), Europe-Middle East-Africa (23%), Asia-Pacific (19.3%) and Latin America (8.7%).
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