Kimberly-Clark said on Monday it will buy Tylenol maker Kenvue KVUE.N in a cash-and-stock deal valued at about $48.7 billion, to create one of the biggest consumer health goods companies in the United States. Shares of Kenvue were up 18% in premarket trading, while Kimberly-Clark‘s shares were down 12.5%. Kenvue has been under a strategic […]
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Markets were mixed today as global data and policy shifts shaped sentiment. In the US, job growth surprised to the upside, but rising unemployment and AI-driven labor disruptions kept caution in play. Asia delivered some of the biggest moves: China and India edged closer to complying with US sanctions on Russian oil, while India’s stock […]
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Former Treasury Secretary Larry Summers resigned from OpenAI’s board on Wednesday, days after newly released emails revealed years of personal correspondence with convicted sex offender Jeffrey Epstein. The Harvard economist and prominent economic figure stepped back from multiple high-profile positions, including roles at Bloomberg News, The New York Times, and major think tanks. His departure […]
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India’s equity markets experienced a volatile but ultimately resilient session on Wednesday following the announcement of significant military action against Pakistan. While benchmark indices opened sharply lower in immediate reaction to news of India’s retaliatory strikes, known as ‘Operation Sindoor’, they quickly pared losses, suggesting investors, while watchful, were not panicking about the escalation. The […]
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President Donald Trump’s tariffs are hitting toy giants Mattel and Hasbro as the critical holiday season nears. Still, both companies see a successful year end ahead. “This quarter, our U.S. business was again challenged by industry-wide shifts in retailer ordering patterns,” CEO Ynon Kreiz said on Mattel’s recent earnings call. “That said, consumer demand for […]
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The US stock market remained steady on Wednesday as traders geared up for Nvidia’s blockbuster earnings after the close. The S&P 500 is flatlining near 6,637, up just 0.3%, while the Dow is ticking up 0.1% and the Nasdaq is edging up 0.4%, essentially treading water. The quiet reflects a market that’s seen enough volatility […]
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French energy major TotalEnergies has agreed to acquire a 50% stake in Czech group EPH’s flexible power generation platform in Western Europe, in a €5.1 billion all-stock transaction in line with its larger goal of becoming one of the region’s leading integrated electricity players. The move will see EPH, majority-owned by Czech billionaire Daniel Křetínský, […]
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Indian equity benchmark indices, Sensex and Nifty 50, are anticipated to open with marginal gains on Tuesday, navigating a mixed global backdrop while grappling with persistent domestic geopolitical concerns. Investor focus remains firmly on the ongoing corporate earnings season and key technical levels for the headline indices. Early indicators point towards a relatively subdued beginning […]
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Rep. Marjorie Taylor Greene’s surprise resignation from Congress stunned House Republicans and sets up an even tighter majority in the lower chamber that could foil major legislative priorities. Whether it triggers a ripple effect of Republican lawmakers following her lead remains to be seen. Still, there are members of the House GOP who are frustrated […]
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Skechers is set to step into a new era. The global footwear giant announced on Monday that it has agreed to be acquired by private equity powerhouse 3G Capital in a deal that will take the company private. The transaction marks a significant shift in the company’s corporate structure and reflects growing investor interest in […]
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