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senate republicans seek to codify spending cuts proposed by elon musk
Senate Republicans are advocating for congressional approval of spending cuts proposed by Elon Musk's Department of Government Efficiency (DOGE) following a Supreme Court ruling limiting unilateral actions by the White House. Musk's initiatives have faced public backlash, leading to disruptions at town hall meetings, while some lawmakers express concerns over the potential for extensive cleanup after significant changes are made. Despite the controversy, Republican leaders are pushing for a legislative process to formalize these cuts, with Musk reportedly supportive of the idea.
Sanofi agrees to sell consumer health unit to Clayton Dubilier and Rice
Sanofi has agreed to sell a controlling stake in its consumer health unit Opella to U.S. private equity firm Clayton Dubilier & Rice for approximately 15 billion euros. The deal includes guarantees for job and production retention in France, with the French public investment bank Bpifrance acquiring a 1% stake. This move follows concerns from labor unions about potential job losses amid the sale.
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