Smithfield Foods Snaps Up Nathan's Famous Hot Dogs for $450M
Smithfield Foods acquires iconic Nathan's Famous hot dog brand for $450 million, securing perpetual rights to grow the beloved all-beef frankfurter business.
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Berkshire Hathaway May Exit Kraft Heinz Investment After Years of Struggles
Kraft Heinz shares fell 5% after Berkshire Hathaway filed to potentially sell its entire 27% stake worth $7.7 billion, marking the end of a disappointing decade-long investment.
BellRing Brands Shares Jump as Protein Demand Gains Momentum
BellRing Brands stock rose after Coca-Cola’s CEO highlighted strong demand for protein drinks, signaling continued growth in the protein beverage market.
Beyond Meat Launches Protein Drinks Amid Declining Sales
Beyond Meat introduces carbonated protein drinks through its test kitchen as plant-based meat sales decline. Experts question whether the brand can successfully expand beyond meat alternatives.
Instacart Shares Drop as Uber Partners with Kroger for Grocery Delivery
Instacart stock falls 3% following Uber's announcement of Kroger grocery delivery across nearly 2,700 stores on Uber Eats, Uber, and Postmates apps nationwide.
Mission Produce to Acquire Calavo Growers in Major Avocado Industry Deal
Mission Produce announces $430M acquisition of Calavo Growers, creating a larger avocado and fresh produce platform with expanded offerings including guacamole and prepared foods.