Dating app Bumble, founded by Tinder co-founder Whitney Wolfe Herd in 2014, is best known for challenging "the antiquated rules of dating" by requiring that women "talk first to set an equal tone from the start." Now the startup is launching a venture capital fund to invest in women-led businesses.
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.
Casino operator Boyd Gaming Corp. (NYSE: BYD) and fantasy sports company FanDuel Group are forming a strategic partnership where the two companies will leverage each other's brands and technology to pursue online gaming across the U.S.