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Swiss food and drink giant Nestle announced a deal Monday to acquire Pfizer Inc.'s infant-nutrition business for $11.85 billion in a bid to boost sales in emerging markets. Before the announcement, Nestle already had the largest share of the global baby-formula market at just under 20 percent.

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Later this week, we get some key data to help judge the state of the nation's housing market. There are some early signs of recovery, but home prices are still falling in many areas, as NPR's Chris Arnold reports.

CHRIS ARNOLD, BYLINE: Tomorrow, we'll get the latest word on home prices from what's called the S&P Case-Shiller index. That keeps showing price declines in many areas. Though those price drops have been leveling off, so things definitely aren't as bad as they were.

A deadly fire and explosion at a German chemical plant has created big headaches for the global auto industry. The recent blast has resulted in a shortage of a chemical compound used in plastic fuel and brake lines. The chemical is hard to replace, and now automakers are scrambling to avoid major production disruptions.

The conservative group that has seen some corporate donors flee because of its involvement in pushing for voter ID and stand-your-ground gun laws, has new troubles. Common Cause has filed a complaint with the IRS that the American Legislative Exchange Council, known as ALEC, violated the limits of its charity tax status.

Sebastian Vettel won the Bahrain Grand Prix over the weekend, but in a larger sense the winners were the race organizers. They managed to hold the race which was canceled last year by political unrest, which was part of the uprisings of the Arab Spring. Bill Law, of the British Broadcasting Corporation, talks to Steve Inskeep about the weekend's events in Bahrain.

French President Nicolas Sarkozy and socialist challenger Francois Hollande will face off next month in a presidential runoff. Anti-immigrant candidate Marine Le Pen came in a surprisingly strong third place.

In its heyday, the textile industry employed 40 percent of North Carolina's work force. Now that employment number is less than 2 percent. But Raleigh Denim has found a way to thrive in North Carolina by making blue jeans the old-fashioned way.

The denim store in Kobe, Japan, sells jeans for $350. The store is able to sell a pair of jeans for that price because it's tapped into a Japanese subculture that is obsessed by 1950s Americana.

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