Bloomberg News Now July 11, 2025: Judge Blocks ICE from Random Stops, Kraft Heinz Prepares to Break Itself Up, More
Jul 12, 2025
A federal judge has made a significant ruling against random stops by immigration enforcement, addressing racial profiling issues. Meanwhile, Kraft Heinz is contemplating a major restructuring to adapt to market demands. The discussion also delves into stock market trends and the implications of U.S. trade negotiations. Additionally, the podcast highlights how integrated technology solutions are reshaping productivity in businesses, featuring a UK retailer's success in minimizing losses through digital innovation.
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Judge Limits ICE Stops
- A federal judge barred ICE from stopping people without reasonable suspicion in Los Angeles.
- The order prohibits suspicion based on race, ethnicity, language, work type, or location.
Kraft Heinz Plans Split
- Kraft Heinz plans to spin off part of its grocery business into a new company.
- This aims to help focus on faster-growing segments like sauces.
Market Retreat Amid Trade Tensions
- The US stock market fell last Friday with S&P 500 down 0.3% for the week.
- Stocks fell due to intensified trade conflicts led by President Trump.