Two of the most dominant companies at the center of your local supermarket are combining. McCormick (NYSE: MKC) , which is best known for its spices but also owns a wide range of condiments including Frank's RedHot and Cholula hot sauces, as well as French's mustard, is pairing up with Unilever's (NYSE: (NYSE: UL) foods division, which is driven by Hellmann's and Knorr, which makes seasoning, soup...
Two of the most dominant companies at the center of your local supermarket are combining. McCormick (NYSE: MKC) , which is best known for its spices but also owns a wide range of condiments including Frank's RedHot and Cholula hot sauces, as well as French's mustard, is pairing up with Unilever's (NYSE: (NYSE: UL) foods division, which is driven by Hellmann's and Knorr, which makes seasoning, soups, and bouillon cubes. McCormick shareholders will own 35% of the new company, while Unilever shareholders will own 35%, and Unilever, the company, will get 9%. Unilever Foods is being valued at an enterprise value of $44.8 billion, or 13.8 times 2025 adjusted EBITDA. That same multiple gave McCormick an enterprise value of $21 billion. Continue reading
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . Tomorrow marks one year since Liberation Day , when Donald Trump marched out to the Rose Garden at the White House to announce the details of his plan for “reciprocal tariffs” against dozens of countries. It shocked markets and the pre...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here . Tomorrow marks one year since Liberation Day , when Donald Trump marched out to the Rose Garden at the White House to announce the details of his plan for “reciprocal tariffs” against dozens of countries. It shocked markets and the president was forced to back down. But the tariff spree of 2025 haunts us still. Just ask the thousands of laid-off workers at the Stellantis assembly plant in Brampton, Ontario, who’ve been wondering about their futures for months. After tariffs, the automaker pulled plans to build a Jeep there. But it says it still wants to keep the plant alive . Now we have some idea how. Stellantis is discussing options for building electric vehicles in Canada in partnership with China’s Zhejiang Leapmotor Technology, according to people familiar with the matter. It’s a signal of how quickly the auto industry is being reshaped by US protectionism. Tariffs were the trigger that caused Canada to open the door to companies from China, the world’s largest car market. The talks with the Canadian government are at an early stage. If the companies proceed, it would be the first major Chinese auto investment in Canada since Prime Minister Mark Carney reached an agreement with President Xi Jinping in January to reduce tariffs on Chinese-made EVs. The motivations for Stellantis are clear. The company is having a tough time. In February it announced €22.2 billion ($25.7 billion) in charges — not a typo — in part to unwind unprofitable bets on electric vehicles . The stock has lost more than 70% of its value in two years. Stellantis is hoping that alliances with Leapmotor and other firms can help it make EVs profitably in all sorts of markets. And building a vehicle in Brampton would solve a political and public relations headache. For Carney and Industry Minister Melanie Joly, it’s tricky. They want ...
The plan would fund DHS, except for immigration enforcement, through September. Republicans would then try to fund the whole agency for three years using a tactic that would not need Democratic votes. (Image credit: Kevin Dietsch)
The plan would fund DHS, except for immigration enforcement, through September. Republicans would then try to fund the whole agency for three years using a tactic that would not need Democratic votes. (Image credit: Kevin Dietsch)
Nike (NYSE:NKE), the athletic footwear, apparel, and equipment juggernaut, closed Wednesday at $44.62, down 15.52%. The stock dropped after weak fiscal Q3 guidance and analyst downgrades, amid investor focus on the extended turnaround timeline, China demand, and margin recovery.
Nike (NYSE:NKE), the athletic footwear, apparel, and equipment juggernaut, closed Wednesday at $44.62, down 15.52%. The stock dropped after weak fiscal Q3 guidance and analyst downgrades, amid investor focus on the extended turnaround timeline, China demand, and margin recovery.
ASX Ltd. ’s risk and compliance failures could potentially have serious consequences that negatively impact Australia’s financial markets, a probe into the exchange operator found. “Risk management and compliance practices need to mature to become fit-for-purpose and embedded in business processes,” according to the inquiry, which was commissioned by the country’s financial regulator. “Practices a...
ASX Ltd. ’s risk and compliance failures could potentially have serious consequences that negatively impact Australia’s financial markets, a probe into the exchange operator found. “Risk management and compliance practices need to mature to become fit-for-purpose and embedded in business processes,” according to the inquiry, which was commissioned by the country’s financial regulator. “Practices and aspirations for risk management and compliance should be to achieve excellence, not adequacy,” the probe’s expert panel said in its final report . The Australian Securities & Investments Commission and the Reserve Bank of Australia started the wide-ranging review in June, citing ongoing concerns over ASX’s ability to maintain stable, secure and resilient critical market infrastructure. The exchange has faced scrutiny in recent years after a series of technical glitches and a long-stalled upgrade of its clearing and settlement system. The financial regulator imposed a A$150 million ($104 million) capital charge on the firm after the panel’s interim report in December, forcing ASX to lower its dividend payout ratio policy range. The company in January also increased its full-year expenses forecast partly due to costs tied to the probe. Shares in the Australian bourse have floundered over the last four years amid scrutiny over its aging clearing and settlement platform. ASX was forced to apologize and offer rebates for a settlement system failure in December 2024, an incident that helped prompt ASIC’s review. The stock is among the worst-performing global exchanges over the last 12 months. It’s also one of the most unpopular bourses among sell-side analysts, fetching one of the lowest consensus ratings on a 25-member Bloomberg Intelligence gauge of security and commodity exchanges. The firm is dealing with added uncertainty as Chief Executive Officer Helen Lofthouse plans to depart in May. A global search is underway to find her successor, with internal candidates being con...
Yuki Launches BigQuery Cost Optimization Platform, Eliminating 3-Year Commitments While Cutting BigQuery Spend by Up to 60% Yuki adds an autonomous optimization layer for BigQuery that routes every job to the most efficient compute option in real time, without code changes, manual tuning, or long-term reservation lock-in. NEW YORK, April 01, 2026 (GLOBE NEWSWIRE) -- Yuki, the real-time data cost o...
Yuki Launches BigQuery Cost Optimization Platform, Eliminating 3-Year Commitments While Cutting BigQuery Spend by Up to 60% Yuki adds an autonomous optimization layer for BigQuery that routes every job to the most efficient compute option in real time, without code changes, manual tuning, or long-term reservation lock-in. NEW YORK, April 01, 2026 (GLOBE NEWSWIRE) -- Yuki, the real-time data cost optimization platform, today announced full support for Google BigQuery. With this launch, BigQuery c
Franklin Covey (FC) delivered earnings and revenue surprises of -809.09% and +2.00%, respectively, for the quarter ended February 2026. Do the numbers hold clues to what lies ahead for the stock?
Franklin Covey (FC) delivered earnings and revenue surprises of -809.09% and +2.00%, respectively, for the quarter ended February 2026. Do the numbers hold clues to what lies ahead for the stock?
Wednesday was not a good day to be a tobacco stock investor. A report from a major news agency indicated that certain products that were supposed to be fast-tracked by a regulator might just be stuck in the slow lane for longer. With that, many tobacco company shareholders unloaded their holdings. This included Turning Point Brands (NYSE: TPB) , which fell by over 14% that trading session. Early t...
Wednesday was not a good day to be a tobacco stock investor. A report from a major news agency indicated that certain products that were supposed to be fast-tracked by a regulator might just be stuck in the slow lane for longer. With that, many tobacco company shareholders unloaded their holdings. This included Turning Point Brands (NYSE: TPB) , which fell by over 14% that trading session. Early that morning, Reuters published an article stating that scientists at the Food and Drug Administration (FDA) are hesitant to authorize oral nicotine products, such as pouches, currently awaiting the regulator's approval. Image source: Getty Images. Continue reading
When Intuit shipped AI agents to 3 million customers, 85% came back. The reason, according to the company's EVP and GM: combining AI with human expertise turned out to matter more than anyone expected — not less. Marianna Tessel, the financial software company’s EVP and GM, calls this AI-HI combination a “massive ask” from its customers, noting that it provides another level of confidence and trus...
When Intuit shipped AI agents to 3 million customers, 85% came back. The reason, according to the company's EVP and GM: combining AI with human expertise turned out to matter more than anyone expected — not less. Marianna Tessel, the financial software company’s EVP and GM, calls this AI-HI combination a “massive ask” from its customers, noting that it provides another level of confidence and trust. “One of the things we learned that has been fascinating is really the combination of human intelligence and artificial intelligence,” Tessel said in a new VB Beyond the Pilot podcast . “Sometimes it's the combination of AI and HI that gives you better results.” Chatbots alone aren’t the answer Intuit — the parent company of QuickBooks, TurboTax, MailChimp and other widely-used financial products — was one of the first major enterprises to go all in on generative AI with its GenOS platform last June (long before fears of the " SaaSpocalypse " had SaaS companies scrambling to rethink their strategies). Quickly, though, the company recognized that chatbots alone weren’t the answer in enterprise environments, and pivoted to what it now calls Intuit Intelligence . The dashboard-like platform features specialized AI agents for sales, tax, payroll, accounting and project management that users can interact with using natural language to gain insights on their data, automate tasks, and generate reports. Customers report invoices are being paid 90% in full and five days faster, and that manual work has been reduced by 30%. AI agents help close books, categorize transactions, run payroll, automate invoice reminders and surface discrepancies. For instance, one Intuit customer uncovered fraud after interacting with AI agents and asking questions about amounts that didn’t add up. “In the beginning it was like, ‘Is that an error? And as he dug in, he discovered very significant fraud,” Tessel said. Why humans are still in the loop Still, Intuit operates on the principle that humans are...
Delve faces new allegations that it violated the open source license of its customer, Sim.ai, by taking the customers's tool and passing it off as its own.
Delve faces new allegations that it violated the open source license of its customer, Sim.ai, by taking the customers's tool and passing it off as its own.
Microsoft Corporation (NASDAQ:MSFT) features on the D. E. Shaw Stock Portfolio: Top 10 Stocks to Buy. D. E. Shaw has held a bullish view on Microsoft Corporation (NASDAQ:MSFT) since the fourth quarter of 2010. Back then, the fund owned a stake in the tech giant comprising close to 10 million shares. Apart from a few […]
Microsoft Corporation (NASDAQ:MSFT) features on the D. E. Shaw Stock Portfolio: Top 10 Stocks to Buy. D. E. Shaw has held a bullish view on Microsoft Corporation (NASDAQ:MSFT) since the fourth quarter of 2010. Back then, the fund owned a stake in the tech giant comprising close to 10 million shares. Apart from a few […]