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Ingredion Inc. agreed to buy Tate & Lyle Plc for £2.7 billion ($3.6 billion), and will end the UK company's near-century listing on the London Stock Exchange. Ingredion Chief Executive Officer James Zallie says the US company paid a "fair" premium and this deal creates an ingredients "powerhouse." He speaks on "Bloomberg The Close."

Hormel Foods reported adjusted earnings per share and organic sales for the second quarter that exceeded analyst expectations, driving a notable increase in its stock price. John Ghingo, President of Hormel Foods, discussed the company's ongoing turnaround plan and its positive impact on results. He speaks with Romaine Bostick and Katie Greifeld on "The Close."

Cava CEO Bret Schulman discusses the success of his restaurant and just what distinguishes them from the competition. He talks about the Mediterranean cuisine that distinguishes his brand. He speaks with Romaine Bostick on "The Close."

UK Chancellor of the Exchequer Rachel Reeves is set to announce a package of measures, dubbed "Great British Summer Savings," in an effort to ease cost-of-living pressures made worse by the Iran war. Bloomberg's James Woolcock reports.

Airbnb Chief Executive Officer Brian Chesky says he's trying to build "an ecosystem of services" for customers. The company will help guests arrange for luggage storage, food delivery and car rentals. He speaks on "Bloomberg The Close."

UK inflation fell to its lowest rate in more than a year, prompting traders to bet on fewer Bank of England interest-rate hikes even though economists expect price pressures to return. Bloomberg's Sam Unsted reports.

US inflation accelerated in April amid an ongoing climb in gasoline prices and a jump in the cost of groceries. The consumer price index rose 3.8% from a year earlier, the fastest pace since 2023, while the core CPI, which excludes food and energy, increased 0.4% from a month earlier and 2.8% from a year earlier. Michael McKee breaks down the numbers on Bloomberg Television.

Pistachio prices have surged to multi-year highs as the war in Iran tightens supply. Now, South Africa's Karoo region is stepping into the spotlight, as farmers bet they can carve out a place in a market long dominated by a handful of producers. Bloomberg's Jennifer Zabasajja reports.

Magnolia Bakery CEO Nathan Louer discusses US franchise expansion, remaining an 'attainable luxury,' and why driving traffic is the key to the company's long term strategy. He talks with Katie Greifeld and Bailey Lipschultz on "The Close."

Carbone Fine Food Co-Founder Mario Carbone discusses global upheaval affecting food costs, 'cautious' customers, and why being experimental is part of their DNA. He talks with Katie Greifeld and Bailey Lipschultz on "The Close."