L’Oréal, the French multinational beauty conglomerate, has agreed to acquire a controlling interest in Medik8, a UK-based skincare brand renowned for its science-driven, dermatologically focused products. The acquisition, announced on Monday, marks a significant step in L’Oréal’s strategy to solidify its footprint in the premium dermocosmetic segment, a market that continues to experience rapid global growth.

Citigroup Inc. $C has revised its forecast for interest rate cuts by the U.S. Federal Reserve (Fed), pushing the timing of monetary easing from July to September 2025. The adjustment follows a stronger-than-expected May jobs report, which signaled resilient labor market conditions despite broader signs of economic cooling. The brokerage now anticipates three 25 basis point (bps) rate cuts — totaling 75 bps — in September, October, and December, down from its previous forecast of four cuts totaling 100 bps.

Shein, the fast-fashion giant originally founded in China and now headquartered in Singapore, is moving to recalibrate its global sourcing strategy. In partnership with India’s Reliance Retail $RELI , the company plans to significantly expand its supplier network in India and begin exporting Shein-branded apparel made in India to global markets within the next 6 to 12 months.