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Kraft Heinz to Separate Into Two Publicly Traded Companies
3:32
Bloomberg Television
Kraft Heinz to Separate Into Two Publicly Traded Companies
Kraft Heinz Co. said Tuesday it plans to split into two separate companies, undoing a mega-deal ushered in a decade ago that turned the maker of Kraft Mac & Cheese into one of the largest packaged food sellers in the world. Following the breakup, one company will be made up of its Heinz Ketchup and other iconic condiments and boxed meals — a unit that currently generates $15.4 billion in sales. The second firm will include the slower-growing grocery products such as Oscar Mayer hot dogs and Lunchables, which currently generate revenue of $10.4 billion. The company had foreshadowed this move, and its shares were little changed following the announcement. The stock was down about 21% in the 12 months through Friday’s close. The aim is to siphon off lagging grocery staples into a new entity, allowing its faster-moving products more room to run and management to better focus on growing each side of the business. The company said the split will occur through a tax-free spinoff, and the companies’ names will be determined later. “The complexity of our current structure makes it challenging to allocate capital effectively, prioritize initiatives and drive scale in our most promising areas,” said Miguel Patricio, Kraft’s current chairman. “By separating into two companies, we can allocate the right level of attention and resources to unlock the potential of each brand.” -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Published Sep 2, 2025
China’s Xi Redraws Geopolitical Map With Embrace of Putin, Modi
3:19
Bloomberg Television
China’s Xi Redraws Geopolitical Map With Embrace of Putin, Modi
President Vladimir Putin appears to have secured a diplomatic win he has sought for years, with a massive pipeline deal that would tie Russia and China together for decades and could redefine the global gas trade. The head of Russia’s Gazprom PJSC, speaking to Russian media in Beijing, said the gas giant has signed a legally binding agreement to build the long-anticipated Power of Siberia 2 pipeline to China via Mongolia. While Beijing has yet to confirm the details, securing any advance in the project is a diplomatic coup for Putin as Moscow grapples with the impact of Western sanctions. Bloomberg's Tyler Kendall reports. -------- Watch Bloomberg Radio LIVE on YouTube Weekdays 7am-6pm ET WATCH HERE: http://bit.ly/3vTiACF Follow us on X: https://twitter.com/BloombergRadio Subscribe to our Podcasts: Bloomberg Daybreak: http://bit.ly/3DWYoAN Bloomberg Surveillance: http://bit.ly/3OPtReI Bloomberg Intelligence: http://bit.ly/3YrBfOi Balance of Power: http://bit.ly/3OO8eLC Bloomberg Businessweek: http://bit.ly/3IPl60i Listen on Apple CarPlay and Android Auto with the Bloomberg Business app: Apple CarPlay: https://apple.co/486mghI Android Auto: https://bit.ly/49benZy Visit our YouTube channels: Bloomberg Podcasts: https://www.youtube.com/bloombergpodcasts Bloomberg Television: https://www.youtube.com/@markets Bloomberg Originals: https://www.youtube.com/bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Published Sep 2, 2025
Trump says troops could go to Chicago next
5:49
Bloomberg Television
Trump says troops could go to Chicago next
President Donald Trump violated federal law by deploying National Guard troops and US Marines to carry out local law enforcement in Los Angeles over the summer as protests raged against his immigration crackdown, a judge ruled. This means federal troops can't be used anywhere in California for law enforcement. But Trump is now threatening to send troops to Chicago where 58 people were shot over this past weekend. Rick Davis and Jeanne Sheehan Zaino discuss on "Balance of Power." -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Sep 2, 2025
Trump-Tied Crypto Token Opens for Trading | Bloomberg Crypto 9/2/2025
22:50
Bloomberg Television
Trump-Tied Crypto Token Opens for Trading | Bloomberg Crypto 9/2/2025
"Bloomberg Crypto" covers the people, transactions, and technology shaping the world of decentralized finance. Today's guests: Atlas Merchant Capital Founding Partner CIO David Schamis and JITO Labs Chief Legal Officer Rebecca Rettig. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Sep 2, 2025
Stocks Struggle to Start September | Open Interest 9/2/2025
1:26:39
Bloomberg Television
Stocks Struggle to Start September | Open Interest 9/2/2025
Get a jump start on the US trading day with Matt Miller and Dani Burger on "Bloomberg Open Interest." With summer now behind us, the market is looking ahead to a crucial stretch with the jobs report, a key inflation reading, and the Fed decision all on deck. Stocks fall as rising yields stir investor jitters. PepsiCo share rise after Elliott confirmed a $4 billion stake in the company, hoping to boost value for the food and beverage company. And Woodside Energy CEO Meg O’Neill joins Open Interest to discuss expanding energy investments in the US. Chapters: 00:00:00 - Open Interest Starts 00:14:00 - HIGH INTEREST 00:15:26 - Activist Elliott Builds $4B Stake in PepsiCo 00:19:17 - Stock Futures Fall Alongside Bonds | Lori Calvasina, RBC Capital Markets Head of US Equity Strategy 00:34:24 - TOP CALLS 00:47:13 - Equities Reeling to Start September | Paisley Nardini, Simplify Asset Management Head of Multi-Asset Solutions 00:56:37 - HIGH INTEREST 00:58:04 - Court Says Trump Overstepped on Global Tariffs 01:06:02 - Woodside Energy Looks to Expand US Presence | Meg O'Neill, Woodside Energy CEO 01:22:19 - Trump Weighs Declaring Housing Emergency: Bessent -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with Bloomberg Business on: X: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en Reddit: https://www.reddit.com/r/bloomberg/ LinkedIn: https://www.linkedin.com/company/bloomberg-news/ More from Bloomberg: Bloomberg Radio: https://twitter.com/BloombergRadio Bloomberg Surveillance: https://twitter.com/bsurveillance Bloomberg Politics: https://twitter.com/bpolitics Bloomberg Originals: https://twitter.com/bbgoriginals Watch more on YouTube: Bloomberg Technology: https://www.youtube.com/@BloombergTechnology Bloomberg Originals: https://www.youtube.com/@business Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Sep 2, 2025