Gargle: J&J's consumer spinoff, Kenvue (think: Tylenol, Neutrogena), had the largest US IPO since 2021. The $3.8B raise stands out in a dry IPO market: before Kenvue, US-listed companies raised $4B this year versus $155B in 2021.
Cord: Disney's ESPN may get the final say on cable’s lifespan. The network said it’ll eventually move its full TV offerings over to its streamer ESPN+. But it’s having trouble cutting the cord since TV earns more $$.
Haul-ted: Fast-fashion hit Shein wants to IPO this year, but US lawmakers are urging the SEC to halt that plan until Shein’s labor practices are audited to show its clothes aren’t made using forced labor.
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