Stock Movers WK Kellogg M&A; Delta Flies Higher; Embraer Lower
Jul 10, 2025
W.K. Kellogg Co is making headlines with a buyout by Ferrero Group at $23 per share. Meanwhile, Delta Airlines sees its stock rise after projecting a solid profit for the year, backed by a recovery in U.S. travel following recent economic policies. In contrast, Embraer experiences a dip due to looming tariff threats from the U.S. related to Brazilian politics. These dynamic market shifts reflect broader trends in the economy and international relations.
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Ferrero Acquires W.K. Kellogg
- Ferrero Group plans to acquire W.K. Kellogg for $23 per share in cash, valuing the deal at $3.1 billion.
- This acquisition continues Ferrero's spree of buying U.S. confectionery and health-focused food brands.
Delta Updates Earnings Outlook
- Delta Airlines adjusted its earnings estimate down to $5.25 to $6.25 per share for the year, below their previous forecast.
- CEO Ed Bastian says U.S. travel is recovering due to tax cuts and tariff progress, lifting the airline sector.
US-Brazil Trade Tensions Rise
- Trump threatens 50% tariffs on Brazil over internal political issues, impacting Brazil-related U.S. stocks like Embraer.
- Brazil's President Lula vows to resist and respond by economic reciprocity laws, creating trade tension.