Kimberly-Clark is buying Tylenol maker Kenvue in an approximately $48.7 billion cash-and-stock deal, creating a massive consumer health goods company. The combined company will have a huge stable of household brands under one roof, putting Kenvue’s Listerine mouthwash and Band-Aid side-by-side with Kimberly-Clark’s Cottonelle toilet paper, Huggies and Kleenex tissues. It will also generate about $32 billion in annual revenue. The deal is expected to close in the second half of next year it it's approved by shareholders from both both companies.
Kimberly-Clark will buy Tylenol maker Kenvue in a $48.7 billion deal, creating a massive consumer health goods company.
President Donald Trump's administration is restricting the number of refugees it admits into the country to 7,500 and they will mostly be white South Africans. That’s a dramatic drop after the U.S. previously allowed in hundreds of thousands of people fleeing war and persecution from around the world. The administration published the news Thursday in a notice on the Federal Registry. No reason was given for the numbers. They are a dramatic decrease from last year’s ceiling set under the Biden administration of 125,000. The memo said only that the admission of the 7,500 refugees was “justified by humanitarian concerns or is otherwise in the national interest.”
President Donald Trump says he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking. Meantime his treasury secretary says China has agreed to purchase 25 million metric tons of US soybeans annually as part of a Trump-Xi agreement. Trump's aggressive use of tariffs since returning to the White House for a second term combined with China’s retaliatory limits on exports of rare earth elements gave the meeting newfound urgency. Trump told reporters he decided to reduce the current rate from 57% after the talks.
Trump says tariffs on China are dropping from 57% to 47% after talks on fentanyl curbs with Xi Jinping.
U.S. and Chinese officials say a trade deal between the world’s two largest economies is drawing closer. The sides have reached an initial consensus for President Donald Trump and Chinese leader Xi Jinping to aim to finalize during their high-stakes meeting Thursday in South Korea. Any agreement would be a relief to international markets. Trump's treasury secretary says discussions with China yielded preliminary agreements to stop the precursor chemicals for fentanyl from coming into the United States. Scott Bessent also says Beijing would make “substantial” purchases of soybean and other agricultural products while putting off export controls on rare earth elements needed for advanced technologies.
Hospitals and doctors' offices are inviting singers and musicians to help patients manage their pain, as music's ability to reduce pain is gaining attention. No one is suggesting that a catchy song can completely eliminate serious pain. But several recent studies have suggested that listening to music can either reduce the perception of pain or enhance a person’s ability to tolerate it. The key is letting patients choose the music and encouraging active listening. Scientists say one aspect of music's power is simple distraction, but it's more than that. It changes the perception and experience of pain, and the isolation and anxiety.
The last 20 living hostages released by Hamas are beginning a difficult path to recovery that will include rebuilding a sense of control over their lives and following a carefully supervised diet. That's according to Israeli health officials. Along the way, each one will be accompanied by a team of doctors, nurses, specialists and social workers to guide their reentry to society after two years of captivity in Gaza. The process includes treating malnutrition and pain, along with confronting emotions and relearning how to make everyday decisions. All of the hostages were in stable condition Monday following their release, and none required immediate intensive care.
A mosquito-borne virus more common in South America has been detected in the United States. Health officials say the chikungunya virus has been identified in a patient living in the suburbs of New York City who began experiencing symptoms in August. Authorities say it's the first locally acquired case identified in any state since 2015, meaning the patient didn't travel outside the country before becoming infected. It's also the first locally acquired case that New York has ever seen. Chikungunya typically produces symptoms including fever, muscle pain, nausea, fatigue and a rash.
A lawyer for the family of Tyler Skaggs says the Los Angeles Angels should be held responsible for the drug overdose death of the star pitcher. The team's attorney, however, said they were not aware of drug use by Skaggs or they would have done something to help. The comments came in opening statements Tuesday in the trial for a wrongful death lawsuit filed by Skaggs' family. Plaintiffs' attorney Shawn Holley told jurors that Angels officials knew communications director Eric Kay was supplying drugs to Skaggs and other players. The Angels argue Skaggs' actions were his own and not preventable by the MLB team. The trial could include testimony from players like Mike Trout and Wade Miley.