Kimberly-Clark, a big name in consumer goods, just made a bold move. They bought Kenvue, the company behind Tylenol. But this deal didn't go over well with Wall Street. Their stock took a huge hit, the worst since the big crash in 1987. Shares dropped by 15%, which is a lot. Why did they do it? They're betting Tylenol can handle some serious heat. President Trump an...
Starbucks is making a big move in China. They are teaming up with Boyu Capital, a private equity group based in Hong Kong. This deal will create a joint venture worth $4 billion. Starbucks will keep a 40% stake in their 8, 000 Chinese stores. Boyu Capital will hold up to 60%. This isn't just about money. It's about growth. Starbucks wants to open many more stores in...
Donald Trump's recent pardon of Binance's founder, Changpeng Zhao, has raised eyebrows and sparked debates. Zhao, who pleaded guilty to money-laundering charges, was pardoned by Trump on Oct. 23. Just five days later, Binance started promoting Trump's family crypto coins, USD1 and WLFI, on its U. S. platform. This move has led to questions about potential conflicts ...
A major shake-up is happening in the world of entertainment and gambling. Banijay Group NV, a big name in TV shows, is teaming up with Tipico, a leading gambling company. This isn't just any partnership. It's a huge deal worth €4. 6 billion. Why is this a big deal? Well, it's not every day that a company known for TV hits like "Survivor" and "MasterChef" joins force...
Taylor Sheridan, the mastermind behind hits like "Yellowstone" and "Tulsa King, " is switching teams. He's leaving Paramount for NBCUniversal, but there's a twist. His current deal with Paramount doesn't end until 2028, so he'll start his new gig in 2029. This move is a big win for NBCUniversal and its streaming service, Peacock, but it's a tough loss for Paramount. ...
Changpeng Zhao, the big boss of Binance, just got a huge break. The former president, Donald Trump, pardoned him. This means Zhao won't face any more trouble for breaking money-laundering rules. He had already spent a few months in jail and said he was sorry. This pardon is part of a bigger picture. Trump has been rolling back strict rules on crypto. Other big names...
Soho House, a well-known private members' club, has been acquired for a massive $2. 7bn (£2bn). This deal brings Hollywood actor and investor Ashton Kutcher onto the board, signaling a fresh chapter for the club. The club, which started in London in 1995, has grown to 46 locations across Europe, North America, and Asia. It's famous for attracting A-list celebrities ...
The Trump family has been busy expanding their business ventures. Their latest moves include a new smartphone and a crypto exchange-traded fund (ETF). These ventures are part of a broader strategy to diversify their portfolio. However, these moves have not been without controversy. Critics argue that these business deals could potentially damage the reputation of...
A major shakeup has occurred in the beauty industry. Rhode, the skincare brand founded by Hailey Bieber, has been acquired by E. l. f. Beauty. The deal is worth a staggering $1 billion. This acquisition is a big move for both companies. Rhode, known for its effective and affordable skincare products, has seen impressive growth. In the past year, it raked in $212...
Elon Musk's companies have seen a mix of gains and setbacks since the Trump administration took office. Some government investigations into his businesses have slowed down or stopped. This has given Musk's firms, especially SpaceX, a chance to get billions in new government contracts. On the global stage, Musk is making deals and getting approvals to operate in other...