The Rundown Klarna Aims for $14B Valuation in IPO, Kraft Heinz to Split Business Into Two
Sep 2, 2025
The podcast dives into the significant gains of the Russell 2000 and the stock market's historically tough September. It discusses Klarna's aims for a $14 billion valuation in its IPO to enhance its competitive edge. Kraft Heinz plans a split to sharpen its focus and adapt to economic shifts. The hosts also touch on PepsiCo's struggles and Nestle's leadership changes, while celebrating the enduring popularity of Starbucks' Pumpkin Spice Latte amidst broader sales challenges.
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September Market Risk
- September historically weakens markets, with the S&P averaging a 0.7% drop over 30 years.
- Combine seasonal weakness with tariff and Fed uncertainty to expect a bumpy September.
Tariff Ruling Adds Short-Term Uncertainty
- A federal appeals court found most of Trump's tariffs illegal for overstepping a 1977 emergency law.
- The tariffs remain in place until October 14th as the administration may appeal to the Supreme Court.
Kraft Heinz Breakup For Focus
- Kraft Heinz will split into two public companies to simplify management of nearly 200 brands.
- The change aims to let focused units compete better with DTC brands and adapt to shifting consumer tastes.