00:00On Monday, President Donald Trump claimed that using Tylenol, also widely known as acetaminophen, during pregnancy causes autism and told pregnant women to avoid it.
00:10The announcement from the president prompting swift rebuttals from medical professionals.
00:14Major studies have found no causal link between acetaminophen exposure in pregnancy and autism, ADHD, or intellectual disability.
00:23The stock drop was steep, with Tylenol's parent company, Kenview shares, plunging about 7.5%.
00:29As the market reacted to the unexpected claims and a bit of trader concern over possible liabilities, the decline pushed the shares to an all-time low of around $16.97 a share, before regaining some ground in pre-market trading Tuesday.
Comments