Morgan Stanley Sees Fed Holding Rates as U.S. Inflation Cools 
AstraZeneca Halts Phase III Volrustomig Lung Cancer Trial After Efficacy Setback 
Ferrari Luce EV Sells for Record $40 Million at Charity Auction 
Yen Edges Higher as Weak US Data Dampens Fed Rate Hike Expectations 
US Dollar Slips as Soft Economic Data Eases Fed Rate Hike Expectations 
Asian Stocks Steady as Iran War Keeps Oil Prices and Inflation Risks Elevated 
BSP Sees Philippine Inflation Easing, Keeps Policy Options Open 
Malaysia Inflation Eases to 1.8% in July, Below Forecast 
Barclays Warns U.S. Stock Rally May Be Detached From Fundamentals 
Oil Prices Fall as U.S. Crude Inventories Surge and Hormuz Tensions Persist 
Stripe, Advent Reportedly Pursue $53 Billion PayPal Takeover 
Pandora Shares Rise as Q2 Results Beat Forecasts, 2026 Outlook Raised 
Oil Prices Steady as Strait of Hormuz Traffic Slows Amid US-Iran Conflict 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
NAB Q3 Cash Earnings Rise 2% as Lower Credit Charges Boost Profit 
European Stocks Steady as U.S.-Iran War, Euro Zone Data Keep Investors Cautious 
Strait of Hormuz Shipping Near Standstill After New Vessel Attacks 
Add as a preferred source on Google
Kraft Heinz has agreed to sell its B2B powdered cheese business to Kerry Group.
The deal involves the divestiture of its powdered cheese products, which are sold through its ingredients business, and its manufacturing facility in Albany, Minnesota.
Kraft employees at the Albany facility will be transferred to Kerry.
According to Kraft, the sale reflects its ongoing and active portfolio optimization.
The transaction is set for completion in the second half, subject to regulatory review and conditions.
