Cheddar hosts Kristen Scholer and Tim Stenovec break down the top headlines this Tuesday morning. From Bitcoin to Disney, Cheddar has you covered.
Fans of bitcoin, rejoice. The crypto-currency will soon have futures trading. The Chicago Board Options Exchange announcing on Monday that its planned bitcoin futures product will start trading on December 10th.
Plus, the live sports streaming wars are heating up once again. Facebook will reportedly spend "a few billion dollars" to acquire sports streaming rights.
And it seems like Disney is the frontrunner to buy 21st Century Fox's assets. According to Bloomberg, 21st Century Fox views Disney as a better fit, with fewer regulatory hurdles in the way of a deal. Disney, Comcast, Sony, and Verizon had all expressed interest to buy certain Fox properties.
Raina Moskowitz, CEO of The Knot Worldwide, unpacks the 2025 Global Wedding Report, from Gen Z trends to how Taylor Swift's wedding could reshape the industry.
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food companies on the planet. One of the companies will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese. The other will include brands like Oscar Mayer, Kraft Singles and Lunchables. When the company formed in 2015 it wanted to capitalize on its massive scale, but shifting tastes complicated those plans, with households seeking to introduce healthier options at the table. Kraft Heinz's net revenue has fallen every year since 2020.
