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The Global Snack Bars Market is projected to grow from $25.4 billion in 2024 to $37.8 billion by 2032, with a CAGR of 5.1%. Key drivers include the rising demand for healthy snacks and functional foods, while challenges involve market competition and fluctuating raw material prices. Major players include Nestlé, Mars, and Kellogg's, with North America and Europe leading in market share, while Asia Pacific and Latin America are the fastest-growing regions.
Shares dipped slightly on Wednesday morning, with Nvidia rebounding 2.5% in premarket trading after a four-day losing streak. The Dow Jones Industrial Average rose 0.3% ahead of a Federal Reserve interest rate decision, while notable stocks like Amazon and Apple reached new highs. IBM and BlackRock are nearing key buy points, while Tesla faced a decline after recent gains.
Dow futures remained stable as traders anticipated the Federal Reserve's interest rate decision following a nine-day losing streak for the index, its longest since 1978. With a 95% chance of a quarter-point rate cut, investors are also focused on Fed Chair Jerome Powell's press conference for future guidance. Market performance on Fed days has been notably weaker under Powell compared to previous chairs, with most sectors closing in the red, except for consumer discretionary, which gained 0.28%.
A lawsuit filed in Philadelphia accuses Coca-Cola, Mondelez, and Nestle of intentionally marketing ultra-processed foods to children, leading to chronic health issues like type 2 diabetes. The plaintiff, Bryce Martinez, claims these companies' practices mirror those of the tobacco industry, seeking accountability for their alleged harmful tactics. The case includes multiple food giants and demands monetary compensation for the damages caused.
Major U.S. food companies, including Coca-Cola and General Mills, face a lawsuit alleging they have created addictive "ultra-processed" foods that contribute to chronic illnesses in children. The plaintiff, Brass Martinez, claims these companies knowingly designed harmful products, seeking compensatory and punitive damages for their actions. The case highlights growing concerns over the health impacts of highly processed foods and the industry's responsibility in addressing these issues.
The global salty snacks market is projected to grow at approximately 7% from 2022 to 2028, driven by rising demand for convenient, low-sugar, high-protein snacks and innovative product offerings. Potato chips are expected to lead in growth, particularly in emerging economies, while retail channels will dominate sales due to increased e-commerce and consumer preferences. The Asia Pacific region is anticipated to hold a significant market share, fueled by rising disposable incomes and a growing appetite for flavored snacks.
General Mills Inc. is set to engage with federal regulators regarding potential restrictions on food dyes used in its cereals, following calls from Robert F. Kennedy Jr., the nominee for the Department of Health and Human Services, to eliminate these additives. The company emphasized its commitment to collaborating with policymakers as the situation evolves, indicating readiness to discuss any proposed changes.
Jim Cramer expressed skepticism about the potential impact of Robert F. Kennedy Jr.'s nomination as head of the Department of Health and Human Services on the drug and junk food industries. Despite Kennedy's vaccine skepticism and opposition to processed foods, Cramer believes that government staff and lobbyists will resist significant changes, and that the industries are resilient. He cautioned investors against buying stocks in these sectors, particularly those related to vaccines, during a rate-cutting cycle.
Processed food stocks plummeted as investors reacted to President-elect Trump’s nomination of Robert F. Kennedy Jr. for Health and Human Services Secretary, raising concerns over increased scrutiny of major food brands. PepsiCo, Coca-Cola, General Mills, and others saw significant declines, with Kennedy's focus on reforming the FDA and his criticism of current regulations fueling fears of tighter oversight on popular snack and beverage products.
General Mills Inc. has acquired the North American unit of Whitebridge Pet Brands for $1.45 billion, marking its fifth acquisition in the pet food sector since 2018. This division, which includes the Tiki Pets and Cloud Star brands, generated approximately $325 million in US sales over the past year.
General Mills, Inc.
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global snack bars market poised for growth driven by health trends
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General Mills, Inc.
Nestlé S.A.
Hormel Foods Corp
Mondelez International, Inc.
Bruno Mars
Harry Styles
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12:26 23.12.2024
stock market update nvidia rebounds as dow jones awaits fed decision
General Mills, Inc.
Heico Corp
Broadcom Inc.
Amazon.com, Inc.
Taiwan Semiconductor Manufacturing Co Ltd
BlackRock, Inc.
Manhattan Associates, Inc.
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NVIDIA Corporation
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TWN
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14:08 18.12.2024
dow futures steady as traders await federal reserve interest rate decision
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Micron Technology, Inc.
Lennar Corp
General Mills, Inc.
USA
Jerome Powell
Ross Mayfield
Christopher Hayes
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00:01 18.12.2024
lawsuit claims coca cola mondelez and nestle market addictive foods to children
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Conagra Brands, Inc.
Mondelez International, Inc.
Kraft Heinz Co/The
Coca-Cola FEMSA, S.A.B. de C.V.
Nestlé S.A.
PepsiCo, Inc.
General Mills, Inc.
USA
Bryce Martinez
Robert F. Kennedy Jr.
Robert Califf
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00:54 11.12.2024
food companies face lawsuit over alleged addiction and health risks to children
United States Dollar
Conagra Brands, Inc.
Mondelez International, Inc.
WK Kellogg Co
Kraft Heinz Co/The
Coca-Cola FEMSA, S.A.B. de C.V.
Nestlé S.A.
PepsiCo, Inc.
General Mills, Inc.
Post Holdings, Inc.
USA
Robert F. Kennedy Jr.
Robert Califf
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16:30 10.12.2024
global salty snacks market projected to grow significantly by 2028
United States Dollar
Nestlé S.A.
General Mills, Inc.
PepsiCo, Inc.
Kellogg Company
JPN
USA
CHN
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09:16 24.11.2024
general mills to discuss food dye regulations with federal officials
19:51 20.11.2024
Cramer doubts RFK Jr. will disrupt drug and junk food industries
Moderna, Inc.
General Mills, Inc.
Bristol-Myers Squibb Company
J.M. Smucker de Mexico SA de C.V
Eli Lilly and Company
PepsiCo, Inc.
USA
Jim Cramer
Robert F. Kennedy Jr.
Donald Trump
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01:15 16.11.2024
processed food stocks decline amid concerns over regulatory changes under trump
United States Dollar
Campbell Soup Company
The Kraft Heinz Company
Conagra Brands, Inc.
WK Kellogg Co
General Mills, Inc.
Coca-Cola Consolidated, Inc.
PepsiCo, Inc.
Lamb Weston Holdings, Inc.
USA
CAN
Robert F. Kennedy Jr.
Donald Trump
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21:08 15.11.2024
general mills acquires whitebridge pet food for 1.45 billion dollars
13:47 14.11.2024
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