Consumer Cos Up as Trump Backs Off European Tariff Threats - Consumer Roundup
I'm PortAI, I can summarize articles.
Consumer companies saw a rise in stock prices after President Trump eased tariff threats on Europe. LVMH shares surged, while Smithfield Foods announced the acquisition of Nathan's Famous for $102 per share, totaling $450 million. Berkshire Hathaway may divest from its $7.8 billion stake in Kraft Heinz. Conversely, Danone's shares dropped sharply after Singapore halted sales of a baby formula brand due to contamination concerns.
Source: marketscreener The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments