Consumer Cos Up as Oil Prices Plunge on Iran Optimism — Consumer Roundup

Consumer stocks rose on oil price drops linked to Iran peace optimism. Chipotle shares fell after removing jalapeños following a salmonella outbreak. P&G agreed to buy Thorne for $3.8B to expand in beauty and wellness. McDonald's appointed Skye Anderson as U.S. head to boost sales and service.

Consumer companies rose as oil prices plunged due to optimism about peace with Iran.

Shares of Chipotle Mexican Grill tumbled after the burrito chain removed jalapeños from several Minnesota restaurants after state health officials linked the peppers to a salmonella outbreak that has sickened at least 110 people.

Consumer products giant Procter & Gamble agreed to buy supplement company Thorne for $3.8 billion, bolstering the consumer giant's presence in the beauty and wellness industry.

Burger chain McDonald's named veteran insider Skye Anderson as head of its U.S. unit, aiming to boost sluggish domestic sales and improve service and quality.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

August 04, 2026 18:22 ET (22:22 GMT)

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