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The Federal Trade Commission has successfully blocked Tapestry's $8.5 billion acquisition of Capri Holdings, citing concerns over reduced competition in the accessible luxury handbag market. The ruling has led to a significant drop in Capri's stock, while Tapestry plans to appeal the decision.
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Elon Musk has reportedly maintained regular contact with Vladimir Putin since late 2022, discussing personal and geopolitical matters. This relationship raises significant national security concerns, especially as Musk plays a crucial role in U.S. space operations and is a major donor to Donald Trump's campaign. Lawmakers are calling for investigations into these interactions.
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As the U.S. approaches the November 5 election, a significant majority of voters express concerns about democracy and corruption. Recent rallies, particularly one led by Donald Trump, have highlighted deep divisions and grievances among the electorate, reflecting a broader discontent with the political landscape.
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Donald Trump has nominated Fox News host Pete Hegseth as Secretary of Defense, a decision that has surprised military leaders and political insiders. Critics question Hegseth's qualifications for overseeing the Department of Defense, given his limited national security experience and controversial views.
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Grimmway Farms has recalled organic whole and baby carrots linked to an E. coli outbreak affecting 39 people across 18 states. The CDC advises consumers to discard the recalled products, which were sold under various brand names. This recall follows a separate outbreak tied to McDonald's Quarter Pounders, which has resulted in one death and over 100 illnesses.