Opening Bell: October 14, 2025

Company Activities - Etsy is transferring to the NYC from Massachusetts [1] - A pharmaceutical company focused on pain management is celebrating its 10th listing anniversary at the NASDAQ [1] Corporate Strategy - Johnson & Johnson (J&J) spun off its orthopedic division because of a lack of scientific advancement in that area [2] - The spin-off of Kenu is viewed positively [2] Industry Commentary - Walking Dart is becoming a spokesperson for the pharmaceutical industry [2] - RFK Jr's actions regarding Tylenol were unexpected [3]