May 7, 2018

Nestle pays $7.15 billion for rights to sell Starbucks

Photo: Tim Boyle/Getty Images

Nestle is dishing out $7.15 billion in cash to partner with Starbucks for the right to sell the coffee chain's products around the world, reports Reuters. Nestle will be able to sell bagged Starbucks coffee and drinks, adding to its expected earnings by next year.

The state of play: Nestle is the largest hot drink company on the planet, but saw its shares fall by 8% already this year. Starbucks' presence in the United States is significant, but the company is looking to increase its presence worldwide.

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Q&A: Minimizing your coronavirus risk

Illustration: Aïda Amer/Axios

As the coronavirus continues to spread throughout the U.S., Axios is answering readers' questions about the pandemic — how it spreads, who's at risk, and what you can do to stay safe.

What's new: This week, we answer five questions on smokers' vulnerability, food safety, visiting older parents, hair cut needs, and rural vs. urban impact.

The other coronavirus test we need

Illustration: Sarah Grillo/Axios

Researchers are racing to develop tests that detect whether someone may have developed immunity to the coronavirus, which could help society return to normal faster.

Why it matters: These tests could help people know if they are able to go back to work, as well as aid researchers in tracking the scale and death rate of the disease — key data for current and future pandemic policies.

What the U.S. can learn from other countries in the coronavirus fight

Data: The Center for Systems Science and Engineering at Johns Hopkins; Note: Cases are shown on a logarithmic scale; Chart: Naema Ahmed/Axios

The countries that have most successfully fended off the novel coronavirus have mainly done it with a combination of new technology and old-school principles.

Why it matters: There's a lot the U.S. can learn from the way other countries have handled this global pandemic — although we may not be able to apply those lessons as quickly as we'd like.

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