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A decade after an infamous merger, Kraft Hines eyes a breakup.

Plus, the Trump administration's quietest tool for boosting economic growth might be its most powerful.

Where deregulation really has an effect is where it gets out of the way of innovators and investors doing something for which there is some demand.

But that demand and that supply were not

allowed to meet because there was a rule in the way.

And why Ford has recorded more safety recalls this year than any automaker ever.

It's Friday, July 11th.

I'm Alex Oslo for the Wall Street Journal.

This is the PM edition of What's News, the top headlines and business

stories that move the world today.

We begin this evening with some big moves in the business world. We're exclusively reporting

that Kraft Hines is preparing to break itself up. A decade after a merger between two of the biggest names in packaged foods was orchestrated by Warren Buffett and Brazilian private equity firm 3G Capital Partners.

According to people familiar with the matter, the company is planning to spin off a large chunk of its grocery business, including many craft products, into a new entity that could be valued at as much as $20 billion on its own.

That would leave a company housing goods such as sauces and spreads like Heinz's namesake ketchup and Dijon mustard brand, Grey Poupon.

...