Hershey and Campbell Soup snap up healthy snack brands
Hershey buys Amplify Snack Brands for over 920 million dollars, adding Skinny Pop and related lines. Campbell Soup plans to acquire Snyder's Lance for 4.9 billion, gaining Kettle chips and Pop Secret, plus Emerald and Eat Smart brands. Both move toward BFY snacks as growth drivers in a 33 billion dollar US market.
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Bitcoin Price Rally and Valuation Debate
Bitcoin faces warnings of a bubble as prices surge this year with critics led by Buffett Dimon Marks and Gleaming investors arguing it has no intrinsic value. Proponents say it reflects market risk amid political and policy uncertainty and could serve as an alternate to hard currencies in unsettled times.
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Dow tops 5,000-point gain in 2017 as 25K looms
The Dow Jones closes up 140.46 at 24,792.20, marking a 5,029 point rise for the year as investors rally on a GOP tax cut plan moving toward passage. Berkshire Hathaway shares trade above 300,000 for the first time.
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