The New York Post reported Wednesday that Ian Cook, the CEO of Colgate-Palmolive Co. (CL), has signaled that he would be open to a sale of the company for $100 a share.
Colgate-Palmolive gapped open sharply higher this morning and is now up 2.07 at $73.65. The stock has jumped to over a 2-week high and has re-crossed its 50-day moving average.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.