Paramount Skydance Clears Regulatory Hurdles for Warner Bros. Discovery Deal 
Alphabet’s SpaceX Investment Soars 100-Fold to $94 Billion 
Asian Chip Stocks Plunge as Bond Yields Fuel AI Valuation Fears 
Citadel Warns High Treasury Yields Pose Broader Market Risks 
Asian Currencies Rise as Dollar Hovers Near Multi-Month Lows 
Gold Prices Edge Higher as Dollar Weakens Ahead of Fed Minutes 
Colombia Earthquake Losses Estimated at $9.58 Billion as Reconstruction Challenge Mounts 
Anthropic Eyes $10B-Plus Credit Line Ahead of Potential IPO 
US Dollar Holds Steady as Fed Rate Bets and Iran Tensions Drive Markets 
Shein Targets $26B-$27B Valuation for Hong Kong IPO 
China Set to Hold Benchmark Lending Rates Steady for 15th Month 
Unitree Robotics Shares Soar Over 600% in Shanghai Market Debut 
US Stock Futures Mixed as Fed Rate Hike Bets Fade, AI Deals in Focus 
Synlait Milk Denies Fonterra, a2 Milk Takeover Talks 
OpenAI Revenue Rises 18% in Q2 as Losses Widen and Anthropic Surges Ahead 
Moody’s Upgrades Vodafone Hybrid Debt Ratings to Baa3 
Add as a preferred source on Google
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.
