AP photo

Anglo-Dutch consumer goods firm Unilever rejected a $143 billion takeover offer from Kraft-Heinz, a sale price that would rank it as one of the largest acquisitions ever.

Unilever—maker of such brands as Dove soap and Ben and Jerry's ice cream—rejected the offer, but Kraft Heinz said in a statement that "we look forward to working to reach agreement on the terms of a transaction," suggesting that it will come back with an even richer offer.

Why it matters: Such a merger would serve to confirm the international flavor of today's global economy. The combined firm would be majority-owned by American investor Warren Buffett and Brazilian private-equity firm 3G, and would sell dozens of well-known food products and consumer staples in Europe and the U.S. That Kraft-Heinz would be able to finance the deal is also a testament to low interest rates around the world, and investor demand for higher yielding debt.

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Updated 2 hours ago - Politics & Policy

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Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
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Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.

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