The ice-cream brand is set to be part of a new, stand-alone business after years of tension with its parent company.

The Biden administration enacted the strictest-ever rules for tailpipe emissions, while giving automakers more time to comply as the market for electric cars evolves.

The bid comes as an independent committee of the company’s directors is reviewing another offer from Skydance Media to merge with all of Paramount.

Unilever plans to spin off its ice-cream business and could consider a sale, with 7,500 jobs potentially being affected.

Xiaomi posted a 51% rise in quarterly profit as higher smartphone sales after the pandemic offset expenses for its first electric car launching next week.

Pfizer is raising around $4.27 billion from the sale of part of its stake in consumer-healthcare business Haleon.