The deal, which is Ferrero’s biggest acquisition in recent years, brings legacy brands such as Nutella, Kinder, Tic Tac, Frosted Flakes, Froot Loops and Special K under one roof.
Read More Froot Loops maker WK Kellogg agrees to $3.1 billion deal from Italy’s Ferrero
Nvidia notched a market capitalization of $4 trillion, making it the first public company to solidify its position as one of Wall Street’s most-favored stocks.
Read More Nvidia clinches historic $4 trillion market value on AI dominance
Nvidia hit a market value of $3.92 trillion, on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI.
Read More Nvidia set to become world’s most valuable company in history
It expects to save about $40 million of annual costs, which it plans to reinvest in initiatives such as product and technology development.
Read More Bumble to lay off 30% of global workforce as online dating industry struggles
A U.S. judge rejected a bid by compounding pharmacies to keep making copies of Novo Nordisk’s popular drugs Ozempic and Wegovy while a legal challenge over drug shortages unfolds.
Read More Ozempic copies restricted after US judge denies injunction
The latest jobs report for the month of March came in higher than expected as the Trump administration has applauded the newest numbers.
Read More March Jobs Report Beats Expectations With 228K New Positions