BP Nears $10 Billion Castrol Stake Sale to Stonepeak 
FDA Approves Mitapivat for Anemia in Thalassemia Patients 
Novo Nordisk Stock Surges After FDA Approves Wegovy Pill for Weight Loss 
ByteDance Plans Massive AI Investment in 2026 to Close Gap With U.S. Tech Giants 
South Korea Central Bank Warns of Rising Financial Stability Risks Amid Won Volatility 
UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs 
U.S. Stock Index Futures Steady After S&P 500 Hits Record on Strong Economic Data 
Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling 
RBA Signals Possible Interest Rate Hike in 2026 as Inflation Pressures Persist 
IMF Reaches Staff-Level Agreement With Egypt, Opening Path to $3.8 Billion in Funding 
Moore Threads Unveils New GPUs, Fuels Optimism Around China’s AI Chip Ambitions 
Gold Prices Surge to Record Highs as Geopolitical Tensions Fuel Safe-Haven Demand 
Eli Lilly and Novo Nordisk Battle for India’s Fast-Growing Obesity Drug Market 
Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance 
Yen Stabilizes Near Lows as Japan Signals Readiness to Intervene Amid Dollar Weakness 
Platinum Price Surges Past $2,000 as Demand and Supply Dynamics Tighten 
Why U.S. Coffee Prices Are Staying High Despite Trump’s Tariff Rollbacks 
Kellogg will spend a cumulative pre-tax amount of approximately $45 million to increase productivity by shifting production to optimal lines across its North American supply chain network.
According to Kellogg spokesperson Kris Bahner, some of their locations are better-performing and more cost-effective, so they should shift capacity there to increase efficiency, cut costs, and be more competitive.
Productivity improvements are expected by 2023, with the overall project set to be fundamentally completed by early 2024.
No production facilities are set to close as a result.
The investment is subject to collective bargaining obligations, and Kellogg is setting aside $4 million to cover employee-related costs, such as including severance and other termination benefits.
