Saturday, 4 April 2026 Facts when it is complicated. Clarity when it is not.
McCormick & Company and Unilever reached a definitive agreement to combine Unilever's global food business with McCormick, creating a $20 billion-a-year food group. The deal brings Knorr, Hellmann's, and Marmite under the same roof as Frank's RedHot and Old Bay. Markets reacted negatively, with both stocks falling on announcement day.
FactualBrent crude hit $109 and WTI reached $111.54 per barrel on Friday as Iran's closure of the Strait of Hormuz enters its sixth week. The strait normally carries 20 million barrels per day. The IEA warned that April will bring worse disruption than March. US petrol prices have risen 30% since the conflict began.
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BalancedAn executive order signed on 2 April sets a baseline 100% tariff on all imported patented pharmaceuticals. Companies that agree to match their lowest global prices and build US manufacturing can qualify for reduced or zero rates. More than a dozen major drugmakers, including Eli Lilly and Novo Nordisk, are already exempt after signing pricing deals with the administration.
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