staying in the industry, carlsberg narrowly missing analyst expectations.he danish brewer backed the guidance for the year and at this stage, we don't have a figure yet. let's see how investors will digest these results. karen. >>> thank you. siemens agreed to buy american software group altair for $10.6 billion. let's get to annette with more. >> reporter: that is the biggest deal in siemens history if you don't count the buy in 2020. it is a huge deal for siemens. they are equipped to pay in catch cash. the initial plan actually was not to spend on a bond ak acqui acquisition. this was an ideal fit to siemens. they want to grow in the automation business. it is especially the automation software market that is really growing because the more a.i. is taking place in industrial applications, the more you need exactly these industrial software solutions. so, now siemens with that very well positioned among the competitors which is automation. emerson electric and abb from switzerland. the deal also makes sense from the industrial logic, but the geopolitical

and in a couple of instances with, for instance, carlsberg, the beer maker. which had been in the process of trying to negotiate a sale with a russian buyer. so you do have examples of cronies around, putin scooping up western assets and putin handing them out to some of his inner circle order to keep them onside. but i do that the longer the western companies stayed, the riskier it became for them. they were continuing to pay taxes to the russian government. you know, the kiev school of economics has done some great research on this. i think in 2023 they were paying something like $6 billion in profit taxes to to the russian government. so it's not a good look for a western company that is concerned about their brand and what you was actually oil companies who cut ties more quickly because were seen to be more closely tied to russian government revenues. it was consumer companies that ended up staying arguing that well we're selling pet food or diapers. so that's unconnected to the war. even though they were paying taxes to the russian government and in fund

for instance, carlsberg, the beer maker, you know, which had been in the process of trying to negotiate a sale with a russian buyer. they do have examples of cronies around putin scooping up western assets and putin handing them out to some of his inner circle in order to keep them on site. but i do think the longer the western companies stayed, the riskier it became for them. they continued to pay taxes to the russian government. the school of economics has done great research on this. in 2023 they were paying something like $6 billion in profit taxes to the russian government. so it's not a good look for a western company that is concerned about their brand and what you saw was oil companies who cut ties more quickly because they were seen to be more closely tied to us russian government revenue and it was consumer companies that ended up staying arguing that we are selling pet food or diapers, so that is unconnected to the war even though they were paying taxes to the russian government and indirectly funding spending. i think many have stayed. many have gotten out. recently we had a