Procter & Gamble Co. (NYSE: PG) will focus on growing its top 25 brands including Bounty paper towels, Charmin toilet paper, Crest toothpaste, Pampers diapers, Nyquil cough cold medicine, and Tide laundry detergent, while seeking acquisitions.
Constellation Brands Inc. is spending C$5 billion ($3.8 billion) to increase its stake in cannabis grower Canopy Growth Corp. in what the owner of Corona beer described as the biggest investment yet in the burgeoning marijuana industry.
The Coca-Cola Co. (NYSE: KO) is buying a minority stake in sports drink company BodyArmor. The target counts former and current National Basketball Association players Kobe Bryant and James Harden (pictured) among its investors.
Rite Aid Corp. shares sank after the drugstore operator’s proposed merger with Albertsons Cos. was called off, leaving the company with dwindling options amid a rapid transformation of the pharmacy business.
For the moment, Elon Musk is struggling to overcome his doubters. Less than 24 hours after stunning Wall Street by tweeting that he might take Tesla Inc. private, six of the company’s directors confirmed that he’d indeed raised the possibility with the board.