J.M. Smucker agrees to buy Twinkies maker Hostess
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 11 September 2023
⏱️ 1 minutes
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Summary
The deal between the two packaged food companies is valued at $5.6 billion; Qualcomm renews agreement to provide chips to Apple; Wall Street observes September 11 anniversary; Consumer protection agency can’t police banking discrimination, federal judge rules.
Transcript
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| 0:17.5 | A sweet deal in the packaged food business. |
| 0:20.4 | I'm Novosafa with Marketplace Minute. |
| 0:22.7 | J.M. Smucker is buying hostess brands in a deal valued at $5.5 billion. |
| 0:28.0 | Smucker makes peanut butter and jams, among other things. |
| 0:30.8 | Twinkies maker hostess has been selling fewer snacks after it raised prices. |
| 0:36.2 | Qualcomm has a new deal to supply Apple with chips until at least 2026. |
| 0:40.7 | The previous agreement between the two expired this year. |
| 0:43.5 | Qualcomm makes chips specifically designed for smartphones. |
| 0:47.6 | Apple is expected to unveil its latest iPhone models tomorrow. |
| 0:52.0 | It's the 22nd anniversary of the September 11 terrorist attacks. |
| 0:55.6 | Wall Street observed a moment of silence this morning before the start of trading. |
| 1:00.4 | A federal judge has ruled that the Consumer Financial Protection Bureau does not have the |
| 1:04.2 | authority to police discriminatory banking practices. |
| 1:07.4 | The judge, a Trump appointee, agreed with business groups which argued that the CFPB needed |
| 1:12.9 | specific congressional authorization. I'm Novosafa with Marketplace Minute. |
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