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Showing posts with the label HersheyCo

Warren Buffett: I'd give up a year of my life to eat what I like

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[ad_1] Warren Buffett said he's happiest when eating dessert and drinking Coke — and would give up a year of his life to keep doing so. "I always tell people: I found everything I like to eat by the time I was six," Buffett said Wednesday in an interview with Becky Quick on CNBC's " Squawk Box" in Tokyo. "I mean, why should I fool around with all these other foods?" The 92-year-old, with a diet that famously consists of junk food and sugary beverages , said it would hypothetically be better to lose a year of his life than to eat foods considered healthier. The Berkshire Hathaway chairman and CEO is known for, among other habits, stopping at McDonald's each day on the way to work for breakfast. And Buffett said he had Hershey's Kisses before the interview. "I know all these people eat all these green things and everything," he said. "But if somebody told me I would live an extra year if I ate nothing but broccoli and ...

Big Food vs. Big Pharma: Companies bet on snacking just as weight loss drugs boom

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[ad_1] The snack aisle is seen during a tour of a new Amazon Go store in the Capitol Hill neighborhood of Seattle, Washington, U.S., on Monday, Feb. 24, 2020. Chona Kasinger | Bloomberg | Getty Images For more than a century, frosted cornflakes have been the backbone of Kellogg's business. That changes Monday, when the company will spin off its stable cereal business in favor of its faster-growing snack unit and rename itself Kellanova . The spinoff comes weeks after another wager that consumers will graze between meals, when J.M. Smucker bought Twinkie maker Hostess Brands for $5.6 billion in a bid to expand its snack lineup. But food companies' major bets on snacking come as investors fear the looming danger of Big Pharma's blockbuster obesity and diabetes drugs Wegovy and Ozempic. Many investors have high hopes for the pharmaceuticals' future, but their success could mean slower sales for the companies that produce Oreos, Doritos and Hershey's Kisses. Bi...