Imperial Brands PLC announced it will acquire US nicotine pouch company Black Buffalo for at least $150 million to expand its tobacco-free product offerings. Black Buffalo, based in North Carolina, produces tobacco-free nicotine pouches made from leafy greens and pharmaceutical-grade nicotine, targeting adult consumers. This acquisition strengthens Imperial Brands' position in the growing US oral nicotine market and complements its existing Zone brand. The deal includes deferred payments based on Black Buffalo's future performance and aligns with Imperial's strategy to invest in smokeless nicotine products amid declining cigarette use, without affecting its share buyback program.
Lululemon invested in Syntetica's $30 million Series A funding to support its innovative recycling of Nylon 6 and Nylon 6,6, materials difficult to separate and reuse in textile waste. This move aligns with growing industry demand for sustainable, co...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
NVIDIA announced that leading Japanese companies in robotics and manufacturing are adopting its Cosmos, Isaac, Metropolis, and Jetson platforms to accelerate AI-powered intelligent machines across industries. The new Cosmos 3 Edge model enables real-...
Oil prices are rising sharply due to renewed US naval blockades on Iranian shipping and increased tensions in the Strait of Hormuz, a critical oil transit route. Brent crude is holding above $85 and WTI above $80, with forecasts suggesting WTI could ...
The US government announced it will impose a new 25% tariff on Brazilian ethanol starting next Wednesday, accusing Brazil of unfair trade practices. This tariff excludes major Brazilian exports like oil, beef, coffee, and aircraft parts. The move fol...
