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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

Timothy Williams, best known as the pitchman for travel site "Trivago," was arrested this week after Houston police say they found him passed out behind the wheel of a car in traffic."He was passed out with his foot on the brake in a moving lane of traffic," said Houston Police spokeswoman Jodi Silva. Police got the call Wednesday afternoon.Williams failed a field sobriety test and submitted to a blood draw, she said.He was charged with misdemeanor driving while intoxicated and his bail was set at 0.When asked about Williams' arrest, a Trivago spokesperson told CNN in a statement: "At this stage, we do not have the full details of the situation, but we want to make clear that Trivago treats such incidents very seriously and strongly condemns drinking and driving, which poses a risk to others and goes against the Trivago culture."CNN has also reached out to Williams and is waiting on a response.Williams has had acting roles on "The Cosby Show" and "Law and Order." But he shot to fame as the rough-and-tumble pitchman for "Trivago."In later ads, he came across as more polished -- his hair nicely tousled and a fashionable touch of facial stubble. 1175

There's a new tool available to help you make more environmentally-friendly choices while you shop, but the creator of the new technology needs your help. Creator Jamie McCroskery really loves the outdoors, and that passion took him to South America. “One day I was paddling down these fjords and saw these endless series of salmon fishing farms, which locals told me were destroying the environment through all this pollution,” McCroskery recalled.And that was when he got an idea. “It dawned on me that day, paddling in the ocean, that it seems strange that people who have the most access to information, the most resources can’t even figure out what to put on their dinner plate without violating their personal values,” he said. McCroskery has a special skill. He's helped build major technology products for companies like Dropbox and Glossier. “People are always going to be shopping for things. That’s how you have to survive, so why not help them make better choices while shopping,” he said.So, he created 1029

The smoke is so thick, at times the Cessna airplane had to climb to stay out of it. At times your eyes burn and you close the air vents to keep the cabin habitable. Sometimes it is so bad, it is hard to see how bad it actually is on the ground below.Flying above the Amazon's worst afflicted state (during last week), Rondonia, is exhausting mostly because of the endless scale of the devastation. At first, smoke disguised the constant stream of torched fields, and copses; of winding roads that weaved into nothing but ash. Below, the orange specks of a tiny fire might still rage, but much of the land appeared a mausoleum of the forest that once graced it."This is not just a forest that is burning," said Rosana Villar of Greenpeace, who helped CNN arrange its flight over the damaged and burning areas. "This is almost a cemetery. Because all you can see is death."The stark reality of the destruction is otherworldly: like a vision conjured by an alarmist to warn of what may come if the world doesn't address its climate crisis now. Yet it is real, and here, and now, and below us as we are scorched by the sun above and smoldering land below.Rondonia has 6,436 fires burning so far this year in it, according to Brazil's National Institute for Space Research (INPE). NASA says the state has become one of the most deforested states in the Amazon. Brazil has 85% more fires burning than this time last year -- up to 80,626 nationwide as of Sunday night.President Jair Bolsonaro, after being scolded, called a liar, and threatened with trade sanctions by some leaders of the G7, declared on Friday he would send 43,000 troops to combat the Amazon's inferno. (He had previously fired the director of INPE for releasing figures he didn't agree with, and in his Friday speech still said the Amazon should be used to enrich Brazil's people).Yet while the Amazonian city of Porto Velho reels from a cloud of smoke that blights its mornings, and from the occasional C130 cargo plane buzzing overhead, the forest around it that we flew over showed no sign of an increased military presence Sunday.The task is enormous, almost insurmountable. In the areas where the smoke is most intense, the sun barely creeps through to shine off the river. I saw one bird in this natural sanctuary in three hours. Flames seem to move in a steadfast line across the savannah, swallowing whole what forest remains in their path.There are the occasional buildings, isolated in the newly created farmland around them. But no signs of human life, just cattle, caught in the swirling clouds and flame. They are often the reason for the fires: the rush to deforest sparked by a growing global market for beef. Cattle need soy grown on the fields, or to graze on the grass, and then become the beef Brazil sells to China, now a trade war with the United States has changed the market.The reason for the fires is disputed, but not that convincingly from this height. Bolsonaro has said that they are part of the usual annual burn, in this, the dry season. But his critics, many of them scientists, have noted the government's policy of encouraging deforestation has boosted both the land clearance that helps fires rage, and given the less scrupulous farmer license to burn.As the rate of land clearance reaches one and a half football fields a minute -- the statistics for the damage done to the forest emulate the incomprehensible mystery of its vanishing beauty -- many analysts fear a tipping point is nearing.The more forest is cleared, the less moisture is held beneath its canopy, and the drier the land gets. The drier the land gets, the more susceptible it is to fire. The more fire, the less forest. A self-fulfilling cycle has already begun. The question is when it becomes irreversible.Brazil is already dealing with the likelihood of permanent changes to its ecology. "The Amazon is extremely fundamental for the water system all over the continent," said Villar from Greenpeace. "So if we cut off the forest we are some years not going to have rain on the south of the country."It is hard to see any claims of future doom as alarmist, when you see skylines rendered invisible by smoke, flames march across the plains like lava, and hear disinterested taxi drivers tell you they have never seen it so bad. The apocalyptic future is here, and it is impatient. 4359

The President's former lawyer Michael Cohen testified Wednesday that Donald Trump directed him to "threaten" Trump's high school, colleges and the College Board to not release his educational records."When I say conman, I'm talking about a man who declares himself brilliant but directed me to threaten his high school, his colleges and the College Board to never release his grades or SAT scores," Cohen told the House Oversight Committee during a public hearing. Cohen provided the committee with copies of a letter he said he sent at Trump's direction "threatening these schools with civil and criminal actions if Mr. Trump's grades or SAT scored were ever disclosed without his permission."In a copy of a letter Cohen gave to the committee and obtained by CNN, Cohen wrote in May 2015 to Fordham University, where Trump studied before transferring to the University of Pennsylvania. In the letter, Cohen notes that "several media outlets have asked for the release" of Trump's records and that they turned them down."(If) in the event any of his records are released or otherwise disclosed without his prior written consent, we will hold your institution liable to the fullest extent of the law including damages and criminality," the letter reads. "As you are again no doubt aware, this notice applies to any and all of The College Board's employees, agents, third parties, vendors and any other person or entity acting for or on its behalf."Cohen added in his testimony that "(the) irony wasn't lost on me at the time that Mr. Trump in 2011 had strongly criticized President (Barack) Obama for not releasing his grades," adding that he also provided the committee with a 2011 news article he says shows that Trump "declared 'Let him show his records' after calling President Obama 'a terrible student.'" 1821