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BI Weekend: Mars, Kellanova Deal, New Starbucks CEO

Bloomberg Intelligence

CHAPTER

Wall Street Mergers and Retail Trends

This chapter explores the $36 billion merger of Mars and Kellanova, emphasizing Mars' shift towards expanding its pet food portfolio amid rising chocolate costs. It examines the implications of food inflation on consumer behavior and retail performance, particularly comparing companies in the packaged food sector. The discussion then shifts to Home Depot's earnings outlook and its strategic pivot towards the contractor market, reflecting changing consumer priorities in a fluctuating economic landscape.

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