Story of the Week Kimberly-Clark to Acquire Kenvue in $48.7 Billion Deal to Create Global Health and Wellness Leader Kimberly-Clark has agreed to acquire Kenvue Inc. in a cash-and-stock transaction valuing the consumer health company at approximately $48.7 billion. The merger combines two major players in personal care and consumer health to form a global […]
Story of the Week Federal Reserve cuts rates to lowest level in three years On October 29th, Federal Reserve officials voted for another quarter-point rate cut, lowering the benchmark lending rate to a range of 3.75% to 4%, the lowest in three years. The decision drew two dissents: one from Fed Governor Stephen Miran, who […]
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 […]