Stock Movers Kenvue Higher, IREN Rises, Amazon Jumps on Open AI Deal
Nov 3, 2025
Christine Aquino, Managing Editor for Bloomberg Markets Live, dives into the latest market movers and M&A activity. She breaks down Kenvue's $40 billion buyout by Kimberly-Clark, describing its significance for the struggling brand. The discussion shifts to IREN's impressive $9.7 billion deal with Microsoft, positioning them as a leading AI computing provider. Lastly, Aquino highlights Amazon's massive $38 billion deal with OpenAI, shedding light on the evolving dynamics of cloud computing and AI partnerships.
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Kenvue Sale Brings Needed Capital
- Kenvue agreed to be bought by Kimberly-Clark for about $40 billion, giving the Tylenol maker fresh capital and scale.
- Analysts say the deal lets Kenvue avoid sacrificing midterm profit to fund needed investment in growth.
Acquirer Stock Drop Signals Skepticism
- Kimberly-Clark's stock fell about 12% on the deal, signaling investor concerns over price paid or limited synergies.
- Market reaction reflects typical acquirer sell-offs but may indicate larger skepticism here.
AWS Joins OpenAI Compute Race
- Amazon agreed a seven-year, $38 billion AWS deal to supply OpenAI with hundreds of thousands of NVIDIA GPUs.
- The deal is smaller than Microsoft and Oracle contracts, so there's room for future growth in AWS compute sales.