Oracle (ORCL) jumps on news for TikTok. The software giant is up 3% as the government finalize their TikTok deal with China. White House officials tell CNBC that Oracle will be the security provider for TikTok. Oracle is up over 30% for the month following strong earnings and this news regarding TikTok.
Kenvue (KVUE) drops 7% to a multi-year low on concerns regarding their medicine. The parent company for Tylenol is taking a hit on reports the White House linking autism in children to Tylenol use during pregnancy, according to multiple reports. Kenvue “strongly” disagrees. The stock took a hit earlier in the month after the Wall Street Journal made similar comments.
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