Consumer companies rose sharply after President Trump reportedly rolled back tariff threats on European nations over Greenland. French luxury conglomerate LVMH rallied in the wake of the report.
Meat packer Smithfield Foods agreed to acquire hot dog brand Nathan's Famous for $102 a share in a deal with a total enterprise value of $450 million.
Investment conglomerate Berkshire Hathaway may sell shares from its $7.8 billion equity stake in Kraft Heinz, according to a prospectus filed late Tuesday with the Securities and Exchange Commission.
Shares of Danone fell sharply after authorities in Singapore halted sales of one of the French food processor's baby formula brand, citing potential contamination with the bacteria cereulide.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
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