Food and drink
Ben & Jerry’s says parent Unilever decided to oust ice cream maker’s CEO
Sign for the ice cream brand Ben & Jerry’s on 6th November 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Ben & Jerry’s said its parent, Unilever, decided to oust the ice cream maker’s chief executive, Dave Stever, escalating a battle over the subsidiary’s independence on social policy issues. In […]
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PepsiCo buys prebiotic soda brand Poppi for more than $1.6 billion
Super Bowl ad of Poppi. Source: Poppi PepsiCo said Monday that it is buying prebiotic soda brand Poppi for more than $1.6 billion. The food and beverage giant said it plans to acquire the upstart for $1.95 billion. The deal includes $300 million of anticipated cash tax benefits, making the net purchase price $1.65 billion. […]
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Trump’s 200% tariffs could have an unlikely winner — troubled beer brewers
A twelve pack of Budweiser sits on a shelf for sale at a convenience store in New York City. Drew Angerer | Getty Images U.S. President Donald Trump’s threat to impose 200% tariffs on alcohol from Europe would serve a major blow to drinks makers on the continent, but it could have one unlikely beneficiary […]
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Trump threatens to put 200% tariff on French Champagne and other EU spirits
Moet champagne bottles are seen at Berlin Brandenburg airport in Schonefeld, Germany on February 24, 2025. Jakub Porzycki | Nurphoto | Getty Images President Donald Trump said Thursday he plans to put a 200% tariff on alcohol from France and other European nations in the latest escalation of global trade tensions. The U.S. tariff comes […]
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RFK Jr. pressures Big Food to remove artificial dyes in meeting with CEOs
Robert F. Kennedy Jr., U.S. President Donald Trump’s nominee for Secretary of Health and Human Services testifies during his Senate Finance Committee confirmation hearing at the Dirksen Senate Office Building on January 29, 2025 in Washington, DC. Win Mcnamee | Getty Images News | Getty Images Health and Human Services Secretary Robert F. Kennedy Jr. […]
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USDA cuts over $1 billion in funding for schools, local food purchases
4th graders are served lunch at Heather Hills Elementary School in Bowie, Md., on Oct. 22, 2024. Tom Williams | CQ-Roll Call, Inc. | Getty Images The U.S. Agriculture Department has cut two federal programs that spent over $1 billion annually to help schools and food banks buy food from local farms and ranches, according […]
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Jack Daniel’s maker says Canada pulling U.S. alcohol off shelves ‘worse than tariff’
The LCBO removes US products off the shelves on the first day of the trade war instigated by Donald Trump’s Administration in Toronto, Ontario. Nick Lachance | Toronto Star | Getty Images Jack Daniel’s maker Brown-Forman‘s CEO Lawson Whiting said on Wednesday Canadian provinces taking American liquor off store shelves was “worse than a tariff” […]
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Trump’s Mexico tariffs could raise produce prices in the next few days, Target CEO says
Shoppers will likely see produce prices increase in the coming days due to President Donald Trump’s tariffs on Mexican imports, Target CEO Brian Cornell said Tuesday. The Trump administration’s 25% levies on goods from Mexico and Canada, along with an additional 10% duty on Chinese imports, took effect Tuesday. Cornell said Target relies heavily on […]
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Egg prices are threatening a classic holiday tradition: Easter dye kits
Melkinimages | E+ | Getty Images The egg aisle is anything but cheaper by the dozen these days — and that’s becoming a big problem ahead of the Easter holiday. The makers of Easter egg dye kits are bracing for the potential fallout if the egg shortage doesn’t begin to clear up before the April […]
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World’s largest brewer AB InBev posts fourth-quarter revenue beat even as volumes slide
Budweiser beer in an IGA grocery store in Montreal, Quebec, Canada, on Tuesday, Feb. 4, 2025. Bloomberg | Getty Images The world’s largest brewer AB InBev on Wednesday posted better-than-expected fourth-quarter sales despite an annual decline in volumes. The drinks maker, whose brands include Budweiser, Corona and Stella Artois, reported an 3.4% increase in fourth-quarter […]
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