Kraft Heinz is reportedly considering a spinoff of a large chunk of its grocery business as health-conscious American consumers increasingly shy away from processed foods. The $31 billion food and beverage conglomerate, born out of the 2015 merger of Kraft and Heinz, is said to be mulling the creation of a new entity that would include many Kraft products and …
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Trust the computer … It’s easy to be skeptical about this project, but it has attracted an interesting group of people. LEAP 71 has just two employees—its two German co-founders—but boasts lofty ambitions and calls itself a “pioneer in AI-driven engineering.” As part of the agreement with Aspire Space, LEAP 71 will use a proprietary software program called Noyron to …
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A senior Trump administration official said Friday that Fed Chair Jerome Powell is “considering resigning” as pressure grows for an investigation into whether he lied to Congress about the central bank’s “Palace of Versailles” renovations to its headquarters in Washington, DC. Bill Pulte, the chair of US government-backed mortgage lenders Fannie Mae and Freddie Mac, posted on X that he …
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