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By The Associated Press

Swiss food giant Nestlé said Monday it dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate.

The maker of Nescafé drinks and Purina pet food said in a statement the dismissal was effective immediately. An investigation found the undisclosed romantic relationship with a direct subordinate violated Nestlé’s code of conduct.

Freixe, who had been CEO for a year, will be replaced by Philipp Navratil, a longtime Nestlé executive.

“This was a necessary decision,” said Chairman Paul Bulcke. “Nestlé’s values and governance are strong foundations of our company.”

The company didn’t give any other details about the investigation.

Freixe had been with Nestlé since 1986, holding roles around the world. When Nestlé revamped its geographic structure in January 2022, Freixe became CEO of Zone Latin America. In August 2024, he was tapped to replace then-CEO Mark Schneider in the top role, and started Sept. 1, 2024. read more

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A Reddit user recently asked for advice about whether to save for retirement, or for their young children’s future college expenses.

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Respondents urged the user to prioritize retirement. Take care of yourself, one said, so you won’t be a burden to your children one day.

You can take out loans for college, but not for retirement, another noted. read more

By PAUL WISEMAN and TOM MURPHY

WASHINGTON (AP) — President Donald Trump has plastered tariffs on products from almost every country on earth. He’s targeted specific imports including autos, steel and aluminum.

But he isn’t done yet.

Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he’s largely spared in his trade war. For decades, in fact, imported medicine has mostly been allowed to enter the United States duty free.

That’s starting to change. U.S. and European leaders recently detailed a trade deal that includes a 15% tariff rate on some European goods brought into the United States, including pharmaceuticals. Trump is threatening duties of 200% more on drugs made elsewhere.

“Shock and awe’’ is how Maytee Pereira of the tax and consulting firm PwC describes Trump’s plans for drugmakers. “This is an industry that’s going from zero (tariffs) to the potentiality of 200%.’’

Trump has promised Americans he’ll lower their drug costs. But imposing stiff pharmaceutical tariffs risks the opposite and could disrupt complex supply chains, drive cheap foreign-made generic drugs out of the U.S. market and create shortages. read more

SpaceX remains on track to surpass 100 launches on the Space Coast for 2025 after knocking out No. 70 on Sunday morning with four months to go.

A Falcon 9 on the Starlink 10-14 mission with 28 satellites lifted off from Cape Canaveral Space Force Station’s Space Launch Complex 40 at 7:49 a.m.

The first-stage booster made its 23rd flight with a recovery landing downrange on the droneship Just Read the Instructions.

It marked the ninth launch in August for the Space Coast with eight from SpaceX and one from United Launch Alliance. Among those launches were the final crewed mission from Florida this year, the Aug. 1 launch of Crew-11, and the return of Boeing’s X-37B mini space shuttle to space for a classified Space Force mission. ULA’s lone mission was its first national security flight for its new Vulcan rocket.

1,549 days ago, B1067 took flight for the first time carrying CRS-22. Now 4 years and 30 flights later, it makes yet another arrival into @PortCanaveral this morning. pic.twitter.com/S9YdX7akIq read more