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The owner of Schick razors needs to close the gap with Gillette, its biggest rival. So it's turning to new blood to make that happen.Edgewell Personal Care is buying the upstart razor maker Harry's, the two companies announced Thursday. The deal values Harry's at nearly .4 billion.Harry's started in 2013 and quickly expanded by selling low-priced razors online. Edgewell, meanwhile, owns some of the most established brands in the field — including Schick, which started in 1921. Edgewell also owns Wilkinson Sword, a major European brand that has been making razors since 1898.But Edgewell trails its main rival, Gillette, by a large margin. Gillette is a unit of Procter & Gamble, and accounted for about 10% of that company's .8 billion in revenue — about billion — last year. By comparison, Edgewell reported .2 billion in revenue during its most recent fiscal year.Sales for the first six months of this year fell 7% compared to a year earlier, Edgewell reported Thursday. But CEO Rod Little told investors that the company expects revenue to rise to .7 billion in its first full fiscal year after it acquires Harry's. The deal is expected to close early next year.Little said Edgewell was drawn to Harry's success with building a brand and marketing directly to consumers."We've been talking about it for a while," he said on an earnings call. "And when you look at what Harry's has done, we've looked at that from afar for a long time," he told investors."The deal also could help Harry's cut costs. Despite its success, Little said the business is only approaching the breakeven point this year.Investors didn't immediately embrace the purchase. Shares of Edgewell fell nearly 13% in midday trading Thursday.Harry's founders Andy Katz-Mayfield and Jeff Raider will stay on to run the combined companies' US business. Raider was also one of the founders of the eyeglass maker Warby Parker. The two of them had been friends since college.Harry's is not the first razor startup to be acquired by a more established company.In 2016, Unilever bought 2083

There were two people riding in a Tesla on the Massachusetts Turnpike on Sunday. Neither of them were awake.According to a video taken by a driver, a man and a woman were fast asleep in a Tesla vehicle on Sunday as the self-driving vehicle navigated a Massachusetts highway."It was just so strange and baffling, I just looked a couple times," Dakota Randall told 375

Treasury Secretary Steven Mnuchin on Thursday encountered a blitz of questions from House Democrats seeking to establish a legal basis for requesting President Donald Trump's tax returns.It was the first time Trump's top finance chief, a close ally of the President, was forced to publicly address the unprecedented issue of whether he would comply with an obscure law that may require him to turn over his boss' tax returns, if a formal request is made by Massachusetts Rep. Richard Neal, the Democratic chairman of the House Ways and Means Committee.Throughout a more than two-hour hearing on Capitol Hill, Democrats asked Mnuchin to state exactly how he would handle such a request, which the secretary carefully tried to side-step, at one point, even jokingly noting, "There's a lot of interest in 6103 today" -- a reference to the tax law.Mnuchin told lawmakers he would obey the law if he receives a written request from Congress to turn over Trump's tax returns -- but also suggested that the decision to release the returns would fall to the commissioner of the Internal Revenue Service, the country's federal tax collector.Trump has refused to release his tax returns, 1190

There’s a place called Friendship Park between Tijuana, Mexico and San Diego, California. It is the only place along the Southern California border where families can legally reunite on both sides of the fence. Friendship Park, or El Parque de la Amistad, is a historic meeting place on the US-Mexico border that overlooks the Pacific Ocean. On most days in San Diego, the park is lonely. But on weekends, it is overwhelmed with Americans hoping to see their relatives on the other side of the border. People come from hours away just to have a brief encounter with their families. In Tijuana, during the weekdays is a different story. The beach has numerous people there enjoying themselves. Most have nothing but good things to say about the opportunity the park provides on the weekends for those seeking to see their families on the other side. “I have lived her for 20 years and I got involved in the border stuff in the early 2000s,” said Dan Watman, a member of the organization Friends of Friendship Park. “When families reunite with each other here, they can’t kiss each other or hug each other. They can only touch the pinky-tips of their fingers through a little square through the fence.”Robert Vivar, also a member of Friends of Friendship Park, has used the park to see his grandkids since he’s been deported. “My son has come here a couple of times and I’ve seen my granddaughters as well,” Vivar said. “One occasion, I was fortunate enough that the security gate was opened, and I was able to give my son and grandchildren a hug.”Vivar said the park is a symbol of the bridge two countries can build instead of walls. The park is open on weekends between 10 a.m. and 2 p.m. for families to see each other on both sides of the fence. 1760

The US Food and Drug Administration approved a drug to return sexual desire to some women with low libido, the agency said Friday.The drug, bremelanotide, sold under the brand name Vyleesi by AMAG Pharmaceuticals, is an injection to be taken before sex. It's intended to treat women who are premenopausal and have hypoactive sexual desire disorder, where a lack of interest in sex may cause significant distress in a woman's life.It will be available in September, and the company has not yet determined pricing or reimbursement information, according to AMAG spokeswoman Sarah Connors."Most women who come into my office have no idea that there's this condition ... and that they are one of millions," said Sheryl Kingsberg, division chief of Behavioral Medicine at University Hospitals Cleveland Medical Center. Kingsberg was involved in the drug's clinical trials and has served as a paid consultant for the companies responsible for its marketing and development, AMAG and Palatin Technologies.Kingsberg, a clinical psychologist, said that "the impact of sexual dysfunction on a woman's self-esteem, on her body image, on her self-confidence and on her relationship is profound."Experts say the diagnosis is the most common type of sexual dysfunction among women, estimated to affect between 1308