Kenvue Shares Drop 2.1% While Deal Calculations Account for 88% of Decline in Tylenol Maker

Kenvue Shares Drop 2.1% While Deal Calculations Account for 88% of Decline in Tylenol Maker

Kenvue Inc. dropped 2.14% to $18.79 on Monday. Increased online searches for acetaminophen brought renewed attention to its Tylenol brand early Tuesday. However, the main factor behind the stock’s decline was its merger formula.

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Tesla Shares Dip 0.7% as Robotaxi Rollout Highlights 10.5-Fold Gap in Mileage

Tesla Shares Dip 0.7% as Robotaxi Rollout Highlights 10.5-Fold Gap in Mileage

Tesla shares ended Tuesday down 0.72% at $336.87. The stock’s decline continued despite reports of an August Cybercab rollout. Scaling remains the main challenge: Tesla has revealed around 380,000 paid unsupervised Robotaxi miles, in contrast to Alphabet’s Waymo, which logs about 4 million rider-only miles weekly. That represents a 10.5-times difference.
Mexico ETF Slides 0.6%; Firm Peso Narrows Emerging-Market Loss by 2.3 Points

Mexico ETF Slides 0.6%; Firm Peso Narrows Emerging-Market Loss by 2.3 Points

The iShares MSCI Mexico ETF slipped 0.60% on Tuesday, but Mexico's robust peso shielded the fund from the sharper declines seen in broader emerging markets. EWW finished at $74.46, while the iShares MSCI Emerging Markets ETF posted a 2.94% drop. The 2.34-point difference marked the most notable market indicator behind an uptick in U.S.-dollar searches.