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Hailey Bieber attends the Rhode UK launch party with Hailey Bieber at Chiltern Firehouse on May 17, 2023 in London, England. Dave Benett | Dave Benett Collection | Getty ImagesE.l.f. Beauty announced on Wednesday plans to acquire Hailey Bieber’s beauty brand Rhode in a deal worth up to $1 billion as the cosmetics company looks to expand further into skincare. The acquisition – E.l.f.’s biggest ever, according to FactSet – is comprised of $800 million in cash and stock, plus an additional potential $200 million payout based on Rhode’s performance over the next three years. The deal is expected to close in…

Kevin McCarthy says Mike Johnson is doing a “fantastic job” as House speaker – CBS News Watch CBS News House Speaker Mike Johnson scored a victory earlier in May when he wrangled enough votes to pass President Trump’s budget bill. Former House Speaker Kevin McCarthy joins “The Takeout” to assess his successor’s performance in the role. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

Potential path for Democrats under Trump’s 2nd term – CBS News Watch CBS News With Republicans in control of the White House and both chambers of Congress, Democrats are hoping to build the party back following their 2024 losses. CBS News chief Washington analyst Robert Costa, political contributor Chuck Rocha and political analyst Leslie Sanchez join “The Takeout” to discuss further. Be the first to know Get browser notifications for breaking news, live events, and exclusive reporting. Not Now Turn On Source link

The Committee of Sponsoring Organizations of the Treadway Commission and the National Association of Corporate Directors have released an exposure draft of their Corporate Governance Framework and are asking for public comments until July 11.Last May, COSO and the NACD selected PwC to be the lead author to develop a comprehensive corporate governance framework offering principles-based guidance for organizations to establish and strengthen their governance practices, beginning in the boardroom and spreading throughout the organization. Last December, COSO released a governance framework for internal controls over robotic process automation.The Corporate Governance Framework is designed to complement and align with COSO’s…

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. The U.S. now accounts for more than a third of the world’s millionaires and billionaires, as tech companies and startups mint ever larger fortunes. The U.S. has more than 6 million liquid millionaires, or those with investable assets of more than $1 million, up 78% over the past decade, according to a report from Henley & Partners and New World Wealth. They account for 37% of…