Story of the Week L’Oréal is acquiring Kering’s beauty division for $4.7B Kering and L’Oréal have entered a strategic partnership focused on luxury beauty and wellness. L’Oréal will acquire Kering’s beauty business, including the House of Creed, for more than $4 billion. Under the terms of this agreement, Kering has the right to sell Kering […]
Story of the Week Trump says threatened China tariff levels are ‘not sustainable’ On October 17th, President Trump said that threatened high tariffs on Chinese goods were “not sustainable,” easing fears of further trade escalation between the countries. “But that’s what the number is,” he said during an interview with Fox Business. “It’s probably not […]
Story of the Week Trump threatens an extra 100% tariff on China imports, adds export controls on ‘critical software’ President Donald Trump said the United States would impose a new tariff of 100% on imports from China “over and above any Tariff that they are currently paying,” starting on Nov. 1. Trump also said that […]
Story of the Week Government shutdown begins as White House moves to cut billions in funding The federal government began to shut down on Wednesday after Democrats and Republicans failed to reach an agreement to extend government funding ahead of the October 1, 2025, deadline. The White House moved to pause or cancel billions of […]