3 chapters across the catalog
The Kellogg Company announced a plan to split into three separate entities, causing the stock to rise 12% following heavy trading volume. This surge suggests strategic buyers had prior knowledge of the move, highlighting concerns about a rigged market. One of the new spin-off companies is expected to focus on plant-based meat alternatives to compete with brands like Impossible Foods.
HHS Secretary Kathleen Sebelius appeared on The Daily Show with Jon Stewart to discuss the healthcare exchange rollout. During the interview, Sebelius made a facetious comment about a "market-based strategy" being the end of Western civilization, which the hosts analyze for its political subtext. Personal attempts to register for the site are described as failing due to broken templates and verification link timeouts.
Financial analysts predict a negative spin from the markets as they anticipate the new administration's policies on taxes and borrowing. The discussion covers the need for the market to "build a base" and the uncertainty surrounding how the government will fund the multi-trillion dollar stimulus efforts.
