Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning. Today is Tuesday, March 19th. I'm Julie Morgan.

Unilever has decided to spin off the brand that makes Chunky Monkey.

Exxon says the government should not favor certain technologies over another as long as the job gets done.

And workers at a car manufacturing facility in Tennessee vote to join the union.

Unilever plans to spin off its ice cream unit into a standalone business.

Unilever makes Ben and Jerry's and Magnum.

The company says this is part of a new cost savings program that also includes cutting 7,500 jobs.

The separation will begin immediately and is expected to be complete by the end of 2025.

Unilever expects the restructuring program to deliver total cost savings of around

800 million euros over the next three years, which more than offsets the estimated operational

disenergies from the separation of the ice cream unit.

The proposed changes are expected to impact around 7,500 predominantly office-based roles globally, with total restructuring costs now anticipated to be around 1.2% of group turnover for the next three years, up from around 1% previously communicated. The London-based company in October

outlined a plan to streamline business and drive growth after admitting that

performance in recent years has not matched potential.

Following the news, Unilever was up more than 4% in London.

ExxonMobil will not move forward with one of the world's largest low carbon hydrogen projects if the

Biden administration withholds tax incentives for natural gas-fed facilities.

Exxon CEO spoke at the Sarah Week Conference on Monday and he said that giving preference

to green hydrogen over blue hydrogen would amount to a government attempt to favor

certain technologies rather than simply focusing on cutting overall emissions.

Under current guidelines, incentives are earmarked for projects that produce green hydrogen

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