Kimberly-Clark Surges 18% After $48.7B Bet on Kenvue — A Reinvention in Motion

Kimberly-Clark just shocked Wall Street with a $48.7 billion move to buy Kenvue — the Tylenol and Band-Aid company. It’s a bold bet to pivot from tissues and diapers into consumer health, as the Huggies maker chases higher margins and faster growth.