President Joe Biden on Tuesday signed into law a $430 billion bill that is seen as the biggest climate package in US history, designed to cut domestic greenhouse gas emissions as well as lower prescription drug prices.

The Condé Nast veteran will oversee a fashion portfolio that includes Art and Commerce, IMG Fashion Events and Properties, IMG Models and The Wall Group.

Net sales will probably reach 1.1 billion Swiss francs ($1.2 billion) in 2022, up from a previous target of 1.04 billion Swiss francs, the Zurich-based company said in a statement Tuesday.

Luxury watch retailer Watches of Switzerland expects a potentially more challenging trading environment in the second half of its current financial year, it said on Tuesday, as tough economic conditions impact spending patterns.

The group has agreed to buy Ted Baker in a deal worth roughly £211 million ($254 million), ending months of speculation over the fate of the British fashion group.

The online store, which has more than 14 million subscribers, is now available on the marketplace owned by Alibaba Group Holding Ltd.

The Licensing firm is expected to reveal it has finalised a deal to purchase the London-based fashion brand for around £200 million.

Orders from overseas customers are drying up, with some predicting the best they can aim for is flat demand versus last year, according to more than a dozen export managers interviewed by Bloomberg News.