Ra Boe / Wikimedia Commons

Konica Minolta, a company based in Japan best known for making photocopiers, is teaming up with the Innovation Network Corporation of Japan, a state-backed fund, to buy Ambry Genetics for $1 billion. Konica Minolta's U.S. subsidiary will own 60%, and the Innovation Network will own the remaining 40%.

The bottom line: Konica Minolta has its base in digital printing, copiers and other office technology, but it also has a growing health care business with imaging systems and other medical equipment. Buying Ambry Genetics allows Konica Minolta to rely less on the declining office industry and will give it a foot in the door with pharmaceutical companies and hospitals that are experimenting with genetics testing and labs.

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47 mins ago - World

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Why it matters: This is a substantial policy shift for the U.S., which did not previously allow its taxpayers' money to be spent in the Israeli settlements.

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Photo: Samuel Corum/Getty Images

Senate Majority Leader Mitch McConnell (R-Ky.) expressed no regrets about Judge Amy Coney Barrett's controversial confirmation, telling Politico in an interview that he believes the decision to place her on the Supreme Court just a week before the election will help Republicans retain the Senate.

Why it matters: With a week to go until Election Day, many Republicans are concerned that President Trump's unpopularity could cost them the Senate. McConnell has long viewed the transformation of the federal judiciary through the confirmation of young conservative judges as his defining legacy.