Top Midday Stories: Sempra to Sell 45% Stake in Infrastructure Unit for $10 Billion; Medical Experts Criticize Trump's Tylenol-Autism Claims

MT Newswires Live
09/23

The Dow Jones was up, while the S&P 500 and Nasdaq Composite were down around midday trading Tuesday, a day removed from all three indexes closing at all-time highs, according to media reports.

In company news, Sempra (SRE) said Tuesday it agreed to sell a 45% equity interest in Sempra Infrastructure Partners to affiliates of KKR (KKR) for $10 billion in cash. The deal is expected to close between Q2 and Q3 in 2026, the company said. After the deal closes, a KKR-led consortium will be the majority owner of Sempra Infrastructure Partners, holding a 65% stake. Sempra will hold a 25% stake, and Abu Dhabi Investment Authority will hold the remaining 10%. Sempra shares were up 4.2% around midday, while those of KKR were up 1.9%.

Shares of Kenvue (KVUE) were up on Tuesday morning after medical experts criticized President Donald Trump for urging pregnant women to avoid taking acetaminophen, the active ingredient in the company's Tylenol drug. Trump said Tylenol use by pregnant women can be associated with a "very increased" risk of autism, according to media reports. In response to the president, the American College of Obstetricians and Gynecologists issued a statement that said, in part, that suggestions that "acetaminophen use in pregnancy causes autism are not only highly concerning to clinicians but also irresponsible when considering the harmful and confusing message they send to pregnant patients, including those how may need to rely on this beneficial medicine during pregnancy." Kenvue shares were up 3.2%.

Trump said late Monday on Truth Social that Boeing (BA) has signed a deal worth $8 billion to provide Uzbekistan Airways with 22 787 Dreamliners. Separately, Boeing and Lockheed Martin (LMT) are critical to Turkey's plan to buy hundreds of airliners and fighter jets while securing local production deals for jet parts worth over $10 billion, Bloomberg reported Monday, citing people familiar with the matter. Also, Boeing has proposed concessions to the EU to gain approval for its $4.7 billion purchase of Spirit AeroSystems (SPR), Reuters reported Tuesday, citing an update to the European Commission website. Boeing shares were up 1.9%, while those of Lockheed and Spirit were up 0.1% and 2%, respectively.

Price: 85.89, Change: +3.52, Percent Change: +4.27

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