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P&G CEO Shailesh Jejurikar said the acquisition is a play to grow the company's health business on CNBC's "Squawk on the Street."
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McDonald's stock has fallen more than 11% this year, dragging its market cap down to roughly $191 billion.
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Wall Street finds new edge behind Trump's presidential paywall axios.comWhat is Trump Media's Truth API and why is it controversial? BBCWhat smart people are saying about Trump Media charging for faster access to Truth Social posts Yahoo FinanceFor sale: early access to Trump's Truth Social posts npr.orgNew bill would stop Trump Media from selling speedy access to president's posts NBC News
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It is also the latest move by Visa to expand its value-added services business, which has become one of the company's fastest-growing divisions.
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