Story of the Week Trump limits tariffs on most nations for 90 days, raises taxes on Chinese imports Facing a global market meltdown, President Donald Trump on Apr 9th abruptly backed off his tariffs on most nations for 90 days, even as he further jacked up the tax rate on Chinese imports to 125%. It […]
Story of the Week Trump announces sweeping range of reciprocal tariffs, 10% worldwide tariff in ‘Liberation Day’ proclamation Donald Trump unveiled and then enacted a two-step tariff approach on April 2nd as his long-awaited “Liberation Day” plans were released during a Rose Garden event at the White House. The president is imposing a baseline tariff […]
Story of the Week PepsiCo buys prebiotic soda brand Poppi for nearly $2B PepsiCo is purchasing prebiotic soda maker Poppi for $1.95 billion. The transaction is subject to regulatory approval. The CPG giant said the brand, which saw $500 million in sales last year, has amassed “a loyal fan base and a demonstrated capacity for […]
Story of the Week Hudson’s Bay in Canada Files for Bankruptcy Protection, Initiates Restructuring Proceedings Hudson’s Bay Company, the Toronto-based department store chain and website, disclosed that it is restructuring its business and has been granted protection from its creditors by a Canadian court. The Canadian retailer said it had commenced proceedings under the Companies’ […]
Story of the Week Walgreens to go private in roughly $10 billion deal with Sycamore Partners Struggling drugstore chain Walgreens is going private. On Mar 6th Walgreens inked a deal with private equity firm Sycamore Partners that will take it off the public market for an equity value of around $10 billion. Sycamore will pay $11.45 per […]