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Gen Z’s No. 1 News Source When it comes to news consumption, Gen Z adults have a clear preference for where they turn to: 68% of the generation said it uses social media for news at least once a week — a significantly higher share than the 30% of Gen Zers who said they use online-only news sites, according to new Morning Consult data.
After 85 years, the Kraft Heinz Co. changed the name of Kraft Macaroni and Cheese to Kraft Mac & Cheese to reflect how fans “organically talk about the brand,” the company said. The new packaging — which includes updated typography, a refreshed logo and a more prominent noodle “smile” on a box that is now mostly blue instead of yellow — will debut in stores in August. (CNN)
The Food and Drug Administration could announce this week that Juul Labs Inc. must remove its e-cigarettes from U.S. stores, according to people familiar with the matter. Juul could appeal the decision through the FDA, which has been reviewing data submitted by Juul for nearly two years, challenge the order in court or file a revised application for its e-cigarettes. (The Wall Street Journal)
Alphabet Inc.’s Google and Comcast Corp.’s NBCUniversal are the top candidates to help Netflix Inc. create an ad-supported tier of the streaming service, according to people familiar with the matter. A potential deal with Comcast could include use of the company’s video ad unit FreeWheel, while an agreement with Google could utilize its own ad-serving technology, though a Netflix spokesperson said “no decisions have been made” regarding potential partnerships. (The Wall Street Journal)
Mars Inc. Chief Executive Grant Reid is retiring after eight years, with Poul Weihrauch, the global president of Mars Petcare, set to replace him in September. Reid informed Mars’ board of his decision 18 months ago, the company said, and plans to stay with the candymaker until the end of the year. (CNBC)
Facebook parent Meta Platforms Inc. said Wednesday it has canceled its sponsorship agreement with the organization planning the federal government’s commemoration of the 250th anniversary of the U.S., a project beset by internal strife and facing a discrimination lawsuit filed by female former executives.
Instagram is making a move to address a longstanding concern of parents and lawmakers: verifying the age of its users, particularly children. Yet the new tools fall short of carding everyone on Instagram.
Twitter and Shopify unveiled a new partnership at Cannes Lions Wednesday that gives all U.S. merchants on the ecommerce platform the option of tapping into the social network to find potential customers.
One by one, over the last week of May, Twitter Inc. rang up some members of its incoming class of new hires who had recently graduated from college and revoked the job offers in 15-minute calls, according to some of the recipients.
There could be an increase in distressed retailers beginning later this year, experts say, as ballooning prices dent demand for certain goods, stores contend with bloated inventory levels and a potential recession looms.
Gas demand is historically not very sensitive to prices. But “prices may be closer to consumers’ pain threshold than inflation-adjusted prices might suggest,” Dallas Fed economist Garrett Golding writes.
When it comes to emphasizing action on diversity, equity, and Inclusion (DEI), “journey” is far too squishy of a word, especially if your DEI objectives represent a strategic imperative. If a journey seems and feels endless, do you ever arrive?