Kenvue’s legal risks loom over Kimberly-Clark deal

A newsletter by Reuters and Westlaw

By Sara Merken

What's going on today?

REUTERS/Brendan McDermid

Kimberly-Clark said yesterday that it plans to acquire Band-Aid maker Kenvue, even as the latter company faces thousands of lawsuits involving its painkiller Tylenol and talc-based baby powder, raising questions about the scope of the liabilities Kimberly-Clark might inherit.

My colleague Diana Novak Jones takes a look at where those cases stand. Read the story here.

More coverage of the deal:

Kimberly-Clark bets $40 billion for Kenvue despite Tylenol controversy

Big-ticket consumer deals over past few decades

Kimberly-Clark's $50 billion leap into health and beauty tests investor faith

Commentary: A $40 bln deal for Tylenol trusts the M&A science

REUTERS/Marco Bello

The 11th Circuit cleared the way for Florida to enforce a law restricting real estate and land purchases by Chinese citizens, rejecting claims it violates federal law and discriminates against Asians.

The 2-1 ruling by the Atlanta-based court could encourage other states to adopt so-called alien land laws, which were once common but fell out of favor a century ago. Lawmakers in more than 30 states have passed or introduced bills restricting foreign property ownership. Here's the ruling.

Read more from Daniel Wiessner.

Dick Cheney, the powerful former U.S. vice president who pushed for the Iraq war, died at age 84 … Pfizer and Novo Nordisk's fight for obesity drug developer Metsera ratcheted up as both companies submitted sweetened bids, with Metsera saying Novo's $10 billion offer is superior … Voters in New Jersey and Virginia will choose their next governors in a pair of races that will serve as an early gauge of the American electorate's mood after President Trump's norm-shattering nine months in office … The world has failed to meet its main climate change target of limiting the rise in global temperatures to 1.5 degrees Celsius and will likely breach this threshold in the next decade, the United Nations' Environment Programme said.

sara.merken@thomsonreuters.com

@saramerken

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