Americans moving abroad, dollar store shoppers, fear of flying: Catch up on the day's stories
👋 Welcome to 5 Things PM! A rare 19th-century condom decorated with an erotic etching featuring a nun and three clergymen will go on display at a museum in the Netherlands. Believed to be made from a sheep's appendix, it's part of an exhibit on prostitution and sexuality.
Here's what else you might have missed during your busy day:
1️⃣ Fed up: Kevin and Jessica Cellura's problems with President Donald Trump's second term go well beyond the usual policy tussles and fierce disputes, so they decided to move to Morocco. They're part of a growing stampede of Americans who are relocating abroad or trying to obtain citizenship rights.
2️⃣ Bargain shoppers: More middle class and wealthy Americans are buying necessities at Dollar General, a discount chain with more than 20,000 stores — primarily in rural areas. That's good news for the company's bottom line, but it could be a warning sign for the US economy.
3️⃣ Persistent plague: In medieval Europe, the pandemic known as Black Death killed at least 25 million people in just five years. The disease is caused by bacteria that's been circulating among humans for at least 5,000 years. Scientists say they now know why.
4️⃣ Safe space: Max Comer never set out to become a social media star, but the aircraft mechanic's quirky videos help travelers feel less afraid to fly. He puts your mind at ease about things like those weird noises during takeoff and the 'smoke' coming from overhead vents.
5️⃣ Old-school cool: Buffalo, New York, is more than just a gateway to Niagara Falls. It's a city with a friendly and increasingly sophisticated mix of nightlife, culture, food and nature. CNN anchor Wolf Blitzer calls his hometown 'my happy place.'
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CNN's 5 Things newsletter is your one-stop shop for the latest headlines and fascinating stories to start and end your busy day. Sign up here. 🍅 Food fight! Thousands of people gathered in Colombia to throw tomatoes at one another during the Gran Tomatina Festival, which uses tomatoes that are overripe or otherwise not suitable to eat.
• South Korea's opposition leader Lee wins election as ruling party's Kim concedes• Ukraine strikes bridge connecting Russia to Crimea with underwater explosives• Musk blasts Trump's agenda bill as a 'disgusting abomination'
💰 That's how much richer the wealthiest 10 Americans got over the past year.
🦭 Back from the brink: Hunting and conflicts with fishermen brought the Mediterranean monk seal to the edge of extinction. Thanks to conservation efforts and legal protections, it's making a comeback.
Time is of the essence for these students.
An official who works at a research university on the East Coast
🎓 Chilling effect: Schools are scrambling to assess the impact of the Trump administration's order pausing new visa interviews for international students.
🧑⚖️ Trump privately complains that the Supreme Court hasn't stood behind his agenda. Which justice receives most of his ire?A. Samuel AlitoB. Neil GorsuchC. Brett KavanaughD. Amy Coney Barrett⬇️ Scroll down for the answer.
🏔️ On top of the world: Sherpa guide Kami Rita recently reached the summit of Mount Everest for the 31st time, breaking his own record. He first climbed the world's highest mountain — more than 29,000 feet — in 1994 and has been making the trip nearly every year since.
👋 We'll see you tomorrow.🧠 Quiz answer: D. Trump has directed particular ire at Barrett, his most recent appointee.📧 Check out all of CNN's newsletters.
5 Things PM is produced by CNN's Chris Good, Meghan Pryce, Kimberly Richardson and Morgan Severson.
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The stock has surged 50% in just a few months, including a 16% one-day gain following its fiscal first-quarter earnings report in early June. Let's take a closer look. In its first quarter (ended May 2), the company reported 2.4% comps growth and overall revenue growth of 5.3% to $10.4 billion, above the $10.3 billion analyst consensus. After several quarters of declining profits, the company's gross margin increased 78 basis points to 31.0% due to lower shrink and higher inventory markups. Selling, general, and administrative expenses rose 77 basis points to 25.4% due to higher labor costs, incentive compensation, and repairs and maintenance. On the bottom line, earnings per share (EPS) increased 8% to $1.78, well above expectations of $1.49. The company also lowered its inventory by 7% at the end of the quarter to $6.6 billion, showing that it's doing a better job of managing that line item, which generally helps avoid markdowns. 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SíO PAULO--(BUSINESS WIRE)--Jun 5, 2025-- Suzano, the world's largest pulp producer, and Kimberly-Clark, a global leader in the consumer staples industry, today announced the creation of a US$3.4 billion joint venture focused on the manufacture, marketing and distribution of consumer and professional tissue products, such as toilet paper, napkins, paper towels and facial tissues in over 70 countries. Suzano will acquire a 51 percent interest in the new entity, with Kimberly-Clark holding a 49 percent interest. Suzano will pay Kimberly-Clark US$1.734 billion in cash for its 51 percent stake at the closing of the transaction, subject to certain customary post-closing purchase price adjustments. Closing of the transaction is contingent on, among other things, approval by regulatory and other governmental authorities, fulfillment of customary conditions precedent for transactions of this nature, and completion by Kimberly-Clark of a corporate reorganization of its Consumer Tissue and Professional business unit. The transaction is expected to close in mid-2026 and involves approximately 9,000 employees. The new business will be a company incorporated in the Netherlands and will include 22 manufacturing facilities located in 14 countries across Europe, Asia, including Southeast Asia, the Middle East, South America, Central America, Africa, and Oceania. Collectively, these facilities have an installed capacity to produce approximately 1 million tonnes of tissue a year. The assets to be included in the new joint venture generated net sales in 2024 of approximately US$3.3 billion. Kimberly-Clark will retain its consumer tissue and professional businesses in the United States and its interests in existing joint ventures in Mexico, South Korea and Bahrain, among other countries. Beto Abreu, CEO of Suzano, said: 'This new company brings together two global players that are leaders in their respective markets, with complementary capabilities that combine Suzano's industrial expertise and operational management efficiency with Kimberly-Clark's know-how in brand management, marketing and commercialization of both regional and global brands, as well as its extensive experience in managing operations across multiple regions worldwide. 'Both companies share strong organizational cultures rooted in innovation and sustainability. We look forward to combining great talent, good assets, and tremendous brands that are trusted by consumers.' Marcos Assumpção, CFO of Suzano, said: 'This transaction reflects Suzano's disciplined approach to capital allocation with value creation and fully in line with our financial policy. Moreover, the partnership with Kimberly-Clark ensures business operational continuity and an alignment towards operational efficiency opportunities, mitigating risks typically encountered during international expansion.' Mike Hsu, Chairman and Chief Executive Officer at Kimberly-Clark, said: 'This transaction represents a powerful step forward in Kimberly-Clark's transformation journey. We are pleased to enter into a strategic partnership with Suzano, a leader in its field, and we look forward to working closely together to deliver on the significant opportunities ahead for our International Family Care and Professional Business.' More than 40 regional brands of Kimberly-Clark´s International Family Care and Professional portfolio will be transferred into the joint venture, that will also enter into a long-term license with the new company for use of its global brands, including Kleenex, Scott, Cottonelle, WypAll, Viva, and Kimberly-Clark Professional. The transaction is aligned with Suzano's long-term strategy of value-accretive growth with financial discipline, focusing on scalable businesses where the company can leverage its strength in operational efficiency. Suzano is currently a leading player in toilet paper in Brazil, following the 2023 acquisition of Kimberly-Clark's Brazilian tissue assets and brands. Suzano is also in the process of building a new R$650 million (approximately US$115 million) tissue paper mill at its site in Aracruz in the state of Espírito Santo, which will add 60,000 tonnes of annual capacity to the company's Consumer Goods Business Unit. Luis Bueno, Executive Vice President of Consumer Goods and Corporate Affairs at Suzano, said: 'We have an excellent understanding of Kimberly-Clark ´s culture and internal processes, thanks to our 2023 acquisition of the Brazilian tissue business. We have already been able to achieve significant efficiency gains in these operations, which we are confident can be replicated in other regions. 'Our ability to achieve this goal is intrinsically tied to the tremendous quality of the talent within Kimberly-Clark ´s team, who have helped develop and grow iconic, innovative and trusted brands that are a part of the everyday lives of hundreds of millions of people around the world.' At closing of the transaction, Suzano and Kimberly-Clark will enter into a joint venture agreement establishing certain rights and obligations related to the management, control, operation, shareholding, and other matters concerning the joint venture. It will have a Board of Directors with five members, three of whom will be appointed by Suzano and two of whom will be appointed by Kimberly-Clark. The Transaction also includes a call option for Suzano to acquire Kimberly-Clark's 49% interest in the new company. NOTES TO EDITOR About Suzano Suzano is the world's largest pulp supplier, a major paper and packaging producer in the Americas, and one of Brazil's biggest employers. Driven by a deep commitment to sustainability and innovation, Suzano produces responsibly-grown raw materials that are exported to more than 100 countries around the world, meeting the global demand for bio-based solutions. These are used to make everyday items that reach more than two billion people, including toilet paper and tissue, packaging, printing and writing paper, personal hygiene products, and textiles. Founded in Brazil over 100 years ago, today Suzano operates across Latin America, North America, Europe and Asia. The company's shares are listed on the B3 in São Paulo (SUZB3) and the New York Stock Exchange (SUZ). Learn more at: About Kimberly-Clark Kimberly-Clark (NASDAQ: KMB) and its trusted brands are an indispensable part of life for people in more than 175 countries and territories. Fueled by ingenuity, creativity, and an understanding of people's most essential needs, we create products that help individuals experience more of what's important to them. Our portfolio of brands, including Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll, hold No. 1 or No. 2 share positions in approximately 70 countries. We use sustainable practices that support a healthy planet, build strong communities, and ensure our business thrives for decades to come. We are proud to be recognized as one of the World's Most Ethical Companies ® by Ethisphere for the seventh year in a row and one of Fortune's Most Innovative Companies in America in 2024. To keep up with the latest news and to learn more about the company's more than 150-year history of innovation, visit the Kimberly-Clark website. View source version on CONTACT: Hawthorn Advisors [email protected] KEYWORD: BRAZIL UNITED STATES SOUTH AMERICA NORTH AMERICA LATIN AMERICA EUROPE NETHERLANDS INDUSTRY KEYWORD: OTHER MANUFACTURING ENVIRONMENT TEXTILES PACKAGING MANUFACTURING SUSTAINABILITY OTHER NATURAL RESOURCES FOREST PRODUCTS NATURAL RESOURCES SOURCE: Suzano Copyright Business Wire 2025. PUB: 06/05/2025 07:11 AM/DISC: 06/05/2025 07:10 AM
