Jared Kushner has swiftly re-emerged, rapidly accumulating economic and political influence in the early months of a second Trump presidency. He has become a central figure in a major media merger and White House foreign policy initiatives, all while securing billions in investments from autocratic governments. These governments, particularly Saudi Arabia, the UAE, and Qatar, are heavily funding an acquisition that would give them and Kushner significant control over prominent American media outlets. Simultaneously, Kushner is involved in high-profile foreign policy endeavors, raising ethical concerns given his financial ties to the same nations. This convergence of interests and the potential weakening of regulatory oversight indicate a concerning consolidation of power.
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In a significant move, Kimberly-Clark is set to acquire Tylenol maker Kenvue in a $48.7 billion deal, creating a consumer goods powerhouse with a combined revenue of $32 billion. The agreement will see Kimberly-Clark shareholders owning approximately 54% of the combined entity, housing household brands like Listerine and Band-Aid alongside Huggies and Kleenex. This deal, one of the year’s largest, comes as Kenvue, a relatively young independent company spun off from Johnson & Johnson, has been under pressure from activist investors. The transaction, anticipated to close in the second half of next year pending shareholder approval, will result in cost savings and has led to shifts in both companies’ stock prices.
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The Emmy acceptance speech by Daniel O’Brien of “Last Week Tonight” alluded to the potential threat against political comedy, specifically mentioning the cancellation of Stephen Colbert’s show around the time Paramount sought FCC approval for a merger. O’Brien’s remark, which expressed gratitude to all writers of late-night political comedy, subtly questioned the future existence of such shows. The comment highlighted the delicate environment in which political satire is created.
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John Q. Hosedrinker