Johnson & Johnson has pulled out of the race to buy Pfizer‘s consumer health business, leaving GlaxoSmithKline and Reckitt Benckiser among those preparing bids, according to sources familiar with the matter. Bidders have until Feb. 1 to submit their non-binding offers for the unit, which makes Advil painkiller, Centrum multivitamins […]
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Home Depot bonuses: Here’s what workers will receive
Home Depot is giving its hourly employees in the U.S. a one-time cash bonus of up to $1,000 following the passage of new tax legislation. The Atlanta-based home improvement retailer joins a growing list of corporations, including Starbucks and Disney, using new tax benefits to invest in their workers. Home […]
Twitter is reportedly working on a video-sharing feature that mimics Snapchat
Twitter is working on a tool to make it easier to post video instantly, according to a report from Bloomberg. The social media company is working on a Snapchat-like video feature that would cut down the process of taking video in a separate camera app before uploading to Twitter, Bloomberg […]
Senate to hold hearing on Hawaii false missile alert
A U.S. Senate panel is holding a hearing on Thursday on the false ballistic missile alert sent out by authorities in Hawaii this month that stirred panic in the Pacific island state and prompted calls for reforms to prevent future such incidents. “This was scary,” Senate Commerce Committee Chairman John […]
Mario Draghi warns euro strength is a ‘source of uncertainty’ as ECB holds rates
European Central Bank (ECB) President Mario Draghi said Thursday that the recent volatility in the exchange rate is a “source of uncertainty” and it therefore requires monitoring. The euro has been on an upward trend against other currencies, including the U.S. dollar, for the past few weeks as the region’s […]
You may soon see a new type of tobacco product that claims to be less risky than cigarettes
A new tobacco product could become one step closer to claiming it is less risky than cigarettes. An independent advisory committee will continue to consider whether it should recommend the Food and Drug Administration approve Philip Morris International‘s modified-risk tobacco product application for iQOS, a heat-not-burn tobacco product. The meeting […]
Bill Kristol was once the voice of the Republican Party. Now he’s one of Trump’s biggest opponents
Before Donald Trump came along, Bill Kristol exemplified virtually all the leading elements of the modern Republican Party. After watching his father help found the neoconservative movement, he joined the Reagan administration as an aide to Education Secretary William Bennett, a leading figure on the cultural right. Later, as chief […]
Conservative pundit Bill Kristol explains how Sarah Palin helped pave Trump’s path to the White House
CNBC’s John Harwood recently sat down with conservative pundit Bill Kristol to hash out a wide range of topics, including the proper role of government, the state of conservative media, how businesses “sucking up” to President Donald Trump are creeping him out, and, here, the rise and fall of one-time […]
Mnuchin says ‘dollar is not a concern of mine,’ supports free trading in currency markets
Treasury Secretary Steven Mnuchin said Thursday that he spends little time thinking about dollar weakness over the short term, after his previous comments sent the U.S. currency reeling amid fears of a trade war. Speaking during a panel session at the World Economic Forum in Davos, Mnuchin said the dollar […]
Mnuchin, Lagarde and Fink discuss global finance at Davos
[The stream is slated to start at 10 a.m. GMT. Please refresh the page if you do not see a player above at that time.] Given the sharp ascent of cryptocurrency trading and the U.S. dollar’s risk of being ousted from its position as the world’s reserve currency, the global […]