Funding & Business
Kraft Heinz Prepares To Break Itself Up
The Heinz ketchup and Oscar Mayer hot dogs featured at barbecues this summer are owned by the same company. Next summer, that might not be the case.
Kraft Heinz Co. is preparing to break itself up and spin off a large part of its business into a new entity, people familiar with the matter said Friday. The packaged foods company had said in May it was considering “potential strategic transactions,” but hasn’t said which brands it might separate.
Bloomberg’s Jen Bartashus reports. (Source: Bloomberg)
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“I would be happy to work with the president and the administration on anything that would benefit New Yorkers.”
Zohran Mamdani, the Democratic nominee for mayor of New York City, said he’s willing to work with Donald Trump, even as the US president disparages him as a “communist lunatic.” (Source: Bloomberg)
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Mara Rudman, professor at the University of Virginia’s Miller Center and a former US diplomat, said Russian President Vladimir Putin is consistently testing the US to see how far he can go in Ukraine and in threatening NATO. (Source: Bloomberg)
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The International Oil Agency helped to create a myth. Now, it’s setting the record straight, Bloomberg Opinion columnist Javier Blas says.How Peak Oil Became a False Holy Grail (Source: Bloomberg)
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