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One, three. From Wondry, I'm David Brown, and this is Business Wars Daily on this Wednesday, April 10th.

Brace yourself, this episode could make you hungry.

For the next couple of minutes, we'll be talking chocolate.

The cookie business has become one big chess game.

Last week, Italian company Ferreiro announced its buying Keebler and famous Amos cookies from Kellogg.

Yes, the Keebler elves are, legally anyway, moving to Italy.

Ferreiro is spending $1.3 billion to spirit the elves across the pond. Famous Amos and a Kellogg

unit that bakes some Girl Scout cookies will go with them. Ferreiro, known for its Nutella hazelnut spread,

is quickly becoming one of America's sweetest

sweets companies. This is the fourth American cookie or candy brand. It's eaten up since 2017.

Ferreiro bought Nestle's candy division a little over a year ago. Those Keebler elves will be

...