Cosmetics giant Estée Lauder in merger talks with owner of Jean Paul Gaultier and Rabanne The deal would create a global beauty giant, uniting brands such as Tom Ford, Bobbi Brown and Rabanne. Source
Oil falls and shares rebound after Trump says talks have been held to end war Energy prices fall and stock markets rebound after the US president says "very good and productive" talks have been held. Source
Supplement maker Huel bought by Danone The health firm backed by actor Idris Elba and broadcaster Jonathan Ross is being bought by Danone, reportedly for €1bn (£860m). Source