Tag: billion
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PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion
PepsiCo said Tuesday that it’s buying Mexican-American food company Siete Foods for $1.2 billion, marking the company’s first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Recent additions include Bare Snacks, Health Warrior and PopCorners. Soon…
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Harris outlines $100 billion manufacturing plan, vowing pragmatism over ideology
PITTSBURGH — Kamala Harris vowed to govern as a pragmatist who won’t be captive to ideology in an economic speech Wednesday while outlining some $100 billion in new investments in manufacturing, a major issue in this battleground state. Harris proposed an “America Forward” agenda that calls for tax credits to boost investment and industrial job creation,…
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Microsoft, BlackRock form group to raise $100 billion to invest in AI data centers and power
Microsoft and BlackRock are part of a group of companies collaborating to pull together up to $100 billion to develop data centers for artificial intelligence and the energy infrastructure to power them. The companies are part of the Global Artificial Intelligence Infrastructure Investment Partnership, or GAIIP, which was announced in a press release on Tuesday. The other participants are Global…