Kimberly-Clark is buying Tylenol maker Kenvue in a cash and stock deal worth about $48.7 billion, creating a massive consumer-health goods company. Shareholders of Kimberly-Clark will own about 54 percent of the combined company. Kenvue shareholders will own about 46 percent in what is one of the largest corporate takeovers this year. The combined company [...]
OMAHA, Neb. (AP) — The profits of Warren Buffett ‘s company improved 17 percent thanks to a relatively mild hurricane season and more paper investment gains this year as Berkshire Hathaway prepares for the legendary 95-year-old investor to relinquish the CEO title in January. Last month’s $9.7 billion investment in OxyChem won’t do much to [...]
Microsoft has entered into a $9.7 billion cloud services contract with artificial-intelligence cloud service provider IREN that will give it access to some of Nvidia’s chips. The five-year deal, which includes a 20 percent prepayment, will help Microsoft as it looks to keep up with AI demand. Last month, the software maker reported its quarterly [...]
WASHINGTON (AP) — The Food and Drug Administration last week moved to limit the use of fluoride supplements used to strengthen children’s teeth, the latest action by Health Secretary Robert F. Kennedy Jr. and his deputies against a chemical. The FDA said that the products are no longer recommended for children younger than 3 and [...]
SEATTLE (AP) — OpenAI and Amazon have signed a $38 billion deal that enables the ChatGPT maker to run its artificial intelligence systems on Amazon’s cloud computing services. OpenAI will gain access to “hundreds of thousands” of Nvidia’s specialized AI chips through Amazon Web Services as part of the deal announced this week. The agreement [...]
KUALA LUMPUR, Malaysia (AP) — U.S. Defense Secretary Pete Hegseth said Washington and Beijing would establish military-to-military communications channels, adding that bilateral ties between the countries have “never been better.” Hegseth said he spoke with his Chinese counterpart, Admiral Dong Jun, late Saturday on the sidelines of a regional security meeting and that they agreed [...]
BISMARCK, N.D. (AP) — A multistate carbon capture pipeline began operating in September, reducing emissions from Midwest ethanol plants and carrying that carbon dioxide gas to be forever buried underground in Wyoming, an achievement after years of complaints, lawsuits and legislation blocked similar efforts by other companies. Other projects prompted intense opposition, including one that [...]
MILAN (AP) — Italian tax police said they are seizing assets worth $1.5 billion from a Luxembourg-based holding company’s shares in spirits maker Campari Group as part of a fraud investigation. Luxembourg-based Lagfin is the controlling shareholder of Campari, which was founded in 1860 and is one of the largest players in the premium spirits [...]
WEST PALM BEACH, Fla. (AP) — New tests of the United States nuclear weapons system ordered by President Donald Trump will not include nuclear explosions, Energy Secretary Chris Wright said this week. It was the first clarity from the Trump administration since the president took to social media last week to say he had “instructed [...]
Pfizer is suing over some unsolicited competition in its nearly $5 billion bid to buy the drugmaker Metsera. New York-based Pfizer last week said it was suing Metsera and a third drugmaker, Denmark’s Novo Nordisk, after Novo announced a bid for Metsera. Novo said it planned to buy Metsera in a deal that could be [...]