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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

Three-time Formula One champion Niki Lauda, who recovered from a near-fatal accident to become one of motor racing's greatest drivers, has died aged 70.The Austrian, who built a new career as an airline entrepreneur after leaving the track, died peacefully on Monday, his family said in a statement sent to CNN.Lauda was hospitalized earlier this year with influenza and underwent a lung transplant 411

There was a mixture of excitement and nervousness Monday, as nearly 600 spellers kicked off the 2019 Scripps National Spelling Bee with a test. The preliminary test is made up of 12 spelling words and 14 vocabulary words.“I think it was fun, but also stressful in a way because it was difficult,” says speller Tommy Cherry of Florida.Cherry says he’s happy with how he did. His friend, Arik Karim, feels the same.“I think I learned a lot from it,” Karim, who is also from Florida, says.The friends help each other study. “There's just going to be a lot going on, so sometimes I think it's good to like take a break and, you know, just get to study,” says Karim.The two met at last year’s Scripps National Spelling Bee, but they hadn’t seen each other since. They were able to connect at this year’s competition. “I like socializing with a lot of people who I have a lot in common with,” Cherry says.They’re looking forward to hitting the stage again.“I feel pretty confident, considering that, yes, we do have a list that we study from, and I think I'm well acquainted with the words that we receive,” Karim says.The spellers will take the stage Tuesday for the second round of preliminaries. The spelling round combined with Monday’s test will determine who moves on in the competition. See if you can pass Monday’s preliminary test by taking it 1359

Thursday marks the 93rd Macy's Thanksgiving Day Parade, which will maneuver through the streets of New York in front of hundreds of thousands. The parade will feature a who's who of performers from 9 a.m. to noon ET. Here is a rundown of who is slated to perform this year:Billy PorterBlack Eyed PeasCeline DionChicagoChris JansonChris YoungCiaraDebbie GibsonDr. Janet L. KavandiIdina MenzelJosh Dela CruzKay HireKelly RowlandLea MicheleNatasha BedingfieldNCT 127Nia FranklinOzunaTenille TownesThat Girl Lay LayTLCMacy's said that 3.5 million people are expected to line the streets of New York, and 50 million viewers are expected to tune in on TV.The parade will use 1,600 volunteers dressed as clowns to handle dozens of balloons through the often blustery streets of Manhattan. This year's parade will feature 16 giant character balloons; 40 novelty balloons, heritage balloons, balloonicles, balloonheads and trycaloons; 26 floats; 1,200 cheerleaders and dancers; more than 1,000 clowns; and 11 marching bands.New balloons this year include an Astronaut Snoopy, Green Eggs and Ham, and SpongeBob SquarePants and Gary. These balloons are expected to be quite large. Macy's said that the Spongebob SquarePants and Gary balloon will be 44 feet tall, 46 feet long and 36 feet wide. The balloon requires 90 handlers. Here is a look at the parade by the numbers:2.5 miles: The length of the parade route8,000+ participants: Macy’s colleagues and their friends & families, celebrities, recording artists, athletes, Broadway performers, marching bands, clowns, dancers, cheerleaders and other performance groups 16: Giant character helium balloons62 feet: Height of tallest balloon 77 feet: Length of longest balloon2,793 marchers: Number of marching band participants from 11 bands1,000: Clowns240: Gallons of paint 300: Pounds of glitterJustin Boggs is a writer for the E.W. Scripps National Desk. 1913

The Supreme Court announced Friday that Justice Ruth Bader Ginsburg had two cancerous nodules removed from her left lung's lower lobe in an operation known as a lobectomy.The nodules were discovered while Ginsburg, 85, was being evaluated and treated for a rib fracture due to a fall last month.What is a lobectomy?A lobectomy refers to the removal of a single lobe in the lung. The left lung has two lobes, whereas the right lung has three.Dr. Robert Miller, a professor of medicine at Vanderbilt University Medical Center who was not involved in Ginsburg's care, said a patient whose lungs are otherwise healthy "can recover from [a lobectomy] and not really notice significant impairment."Ginsburg's lobectomy was performed by Dr. Valerie Rusch, a thoracic surgeon at Memorial Sloan Kettering Cancer Center in New York City.According to her 856