Consumer & Healthcare
Trump will impose 100% tariff on some patented drugs
[WASHINGTON, DC] The Trump administration will impose tariffs of as much as 100 per cent on certain imported medicines, albeit with several major exemptions, a maneuver to pressure drugmakers to manuf...
Starbucks dangles US$1,200 bonuses for fast, friendly baristas
[CHICAGO] Starbucks wants to entice baristas to be friendlier and faster, and it’s offering new payouts to make it happen.
Singapore biotech Mirxes misses 2025 results deadline as auditors probe vendor payments
Trading in company’s shares is suspended until its results are published
Pop Mart’s US$33 billion rout casts doubt on life after Labubu
The company’s Labubu-led Monsters series accounted for about 40 per cent of total revenue last year, up from 23 per cent in 2024
Unilever and McCormick investors find US$65 billion food deal hard to swallow
Analysts cite concerns over deal structure, integration challenges, and regulatory risks
Hershey to change chocolate in some disputed Reese’s items
It is also changing the Kit Kat recipe for a creamier-tasting chocolate
Nike results tops estimates as turnaround shows uneven progress
The company’s stock has lost about 17 per cent of its value in the last 12 months
McCormick acquires Unilever food arm in US$44.8 billion merger
UNILEVER agreed to combine its food business with spice maker McCormick & Co. in a US$44.8 billion deal that will create a global seasonings, sauces and condiments company.
Unilever imposes global hiring freeze, citing Middle East war effects, memo says
The freeze comes on top of an existing cost-cutting programme it has had in place since 2024
India’s luxury promise hits a wall: not enough malls to shop in
The country now ranks fourth globally in the number of individuals with wealth above US$100 million
