Kraft Heinz (KHC) This fall 2022 Outcomes

Heinz brand tomato ketchup arranged in the borough of Brooklyn on Friday July 22, 2022 in New York, USA. Kraft Heinz Co. is expected to release earnings results on July 27th.

Gaby Jones | Bloomberg | Getty Images

Kraft Heinz surpassed Wall Street earnings and revenue expectations on Wednesday but offered a soft earnings forecast for the year, a sign of mounting pressure from higher costs.

Shares of the Pittsburgh-based company, whose brands include Oscar Meyer, Philadelphia Cream Cheese and Lunchables, were little changed in premarket trading.

Here’s how the company has fared compared to analyst estimates, according to Refinitiv:

  • Revenue: $7.38 billion versus $7.27 billion expected
  • Adjusted earnings per share: 85 cents vs. 78 cents expected

Net sales for the fourth quarter increased 10% year over year to $7.38 billion. The company also turned a profit during the period, reporting net income of $887 million, or 72 cents of earnings per share, compared to a loss of $255 million, or 21 cents per share, a year earlier. Excluding special items, earnings per share for the most recent quarter were 85 cents.

However, the company expects adjusted earnings of $2.67 and $2.75 per share for the year, down from analyst estimates of $2.77 per share, according to Refinitiv.

Although packaged food companies have raised prices over the past two years, they are still grappling with rising raw material costs and supply chain issues. Kraft Heinz increased prices by 15.2% on a 4.8% decline in volume. The company cited pricing pressure and supply shortages to describe why volumes were falling.

Despite beating sales and EPS, Kraft Heinz’s earnings contrast with companies like Oreo Maker Mondelēz Internationalwhich saw little decline in demand despite price increases.

The company expects organic net sales growth of 4% to 6% for 2023, slightly above estimates of 4.8%.

Kraft Heinz launched a campaign before Super Bowl 57 called “LVII Meanz 57” protesting the use of Roman numerals. According to a press release, the brand launched a website where consumers could vote on whether or not to drop Roman numerals.

Russia has resettled greater than 6,000 kids

WASHINGTON — Russian forces have taken at least 6,000 Ukrainian children to camps and facilities across Russia for forced adoption and military training, according to a new report.

The allegations detailed in the 35-page report, such as kidnapping or detaining children, may constitute war crimes or crimes against humanity. The allegations were detailed by the Conflict Observatory, a program supported by the US State Department.

The report, entitled Russia’s Systematic Program for Re-education and Adoption of Ukrainian Children, took more than a year to produce. He outlines the Kremlin’s systematic efforts to kidnap children, prevent their return to Ukraine and “re-educate” them for pro-Russian “re-education.”

About three-fourths of the camps appear to be “exposing Ukrainian children to Russian-centric academic, cultural, patriotic, and/or military education…with the apparent goal of integrating Ukrainian children into the Russian government’s vision of national culture, history, and society,” write the authors of the report.

“Consider this report a giant Amber Alert,” Nathaniel Raymond, executive director of Yale University’s Humanitarian Research Lab, told reporters. He added that this is the “most consistent and comprehensive report” published on the subject to date.

Russia has repeatedly denied that its troops committed war crimes or targeted civilian attacks. The Russian embassy in Washington did not immediately respond to a request for comment.

Raymond said researchers at the Conflict Observatory, working with Yale’s Humanitarian Research Lab, have discovered a network of at least 43 camps and facilities where Russian authorities are holding Ukrainian children.

The sites span Russia’s vast territory, as some are in Siberia, near the Ukrainian border or about 13,000 miles from Alaska, according to the report.

“The primary purpose of the camps and facilities we have identified appears to be political re-education,” Raymond said. He added that some sites are dedicated to an accelerated adoption process and others are used as military training centers.

The youngest child in an adoption camp is 4 months old, while the youngest children in the military training camps appear to be around 14 years old, Raymond said.

He added that other sites in Russia are being investigated and the number is believed to be higher than 43. He said all levels of the Russian government are involved in the extensive program.

Earlier this month, Ukraine’s Attorney General Andriy Kostin said regional authorities have registered more than 65,000 Russian war crimes since Moscow invaded Ukraine almost a year ago. Kostin said his teams also documented more than 14,000 Ukrainian children forced into adoption in Russia.

“This is a direct policy aimed at demographic change by cutting out Ukrainian identity,” Kostin told an audience at Washington’s Georgetown Law School.

“These actions are characteristics of genocide,” he added.

Continue reading: Russia has committed more than 65,000 war crimes in Ukraine, prosecutor general says

Last year, the Biden administration said it suspected that between 900,000 and 1.6 million Ukrainian citizens, including 260,000 children, had been arrested and deported from their homes to Russia. At the time, US Secretary of State Antony Blinken said the behavior could violate international humanitarian treaties and constitute war crimes.

The 1949 Geneva Conventions define international legal norms and safeguards for humanitarian treatment in times of war and expressly prohibit the forced relocation of civilians.

Blinken accused Moscow of ordering the “disappearance” of thousands of Ukrainian civilians who fail the dehumanizing “filter” process of the deportation procedure.

Previously known as large makeshift tents, the filtration camps are initial reception camps where deported Ukrainians are photographed, fingerprinted, handed over their cell phones, passwords and ID cards, and then interrogated and sometimes tortured by Russian authorities.

Continue reading: UN report contains horrific Ukrainian accounts of rapes, torture and executions by Russian forces

Blinken also outlined at the time that there was “growing” evidence that Russian forces were deliberately separating Ukrainian children from their parents, kidnapping children from orphanages, confiscating Ukrainian passports and issuing Russian passports, in “an apparent attempt to break down the demographics of parts.” to change Ukraine.”

Correction: Antony Blinken is US Secretary of State. A previous version misspelled his name.

GOP is asking Fauci to testify because it probes the origins of the Covid pandemic

House Republicans have named former White House chief medical adviser Dr. Anthony, asked to testify before Congress as they launch a new investigation into the origins of the Covid-19 pandemic.

GOP leaders on the select subcommittee on the coronavirus pandemic and the committee on oversight and accountability sent Fauci a letter Monday asking for a transcribed interview. Fauci said in November that he would cooperate with any oversight hearing in the Republican-led House of Representatives.

“If there are oversight hearings, I will definitely cooperate fully and testify before Congress,” Fauci told reporters during his recent White House briefing. “I have no problem testifying – we can defend and explain everything we said.”

Fauci, one of the nation’s top infectious disease experts, was the public face of the US pandemic response during the Trump and Biden administrations. He resigned from his posts in the White House and as head of the National Institute of Allergy and Infectious Diseases in December.

House Republicans also sent letters accusing EcoHealth Alliance President Dr. Peter Daszak, and former director of the National Institutes of Health, Dr. Francis Collins, asked for testimony. The EcoHealth Alliance provided funding, sourced from the NIH, to the Wuhan Institute of Virology to study coronaviruses.

According to a report released last month, the Department of Health and Human Services’ inspector general found that the EcoHealth Alliance received approximately $8 million in funding from the NIH from 2014 to 2021. About $600,000 of that money went directly to the Wuhan Institute of Virology to study the bat coronavirus threat.

The study of bat coronaviruses at the Institute of Virology in Wuhan, China, the city where the pandemic first began, has raised suspicions among some scientists and investigators that Covid-19 may have escaped from a laboratory. But Fauci, Collins and many others have claimed that a natural origin, in which the virus jumped from bats to humans via an intermediate animal, is more likely.

“The abundant evidence from other perspectives says no, this was a naturally occurring virus,” Collins told CNBC’s “Squawk Box” in 2021. “Not to say it couldn’t have been secretly studied at the Wuhan Institute of Virology and got out from there, we don’t know anything about that. But the virus itself does not have the hallmarks of being intentionally created by human labor.”

In 2021, President Joe Biden ordered US intelligence agencies to come up with their analysis on the start of the pandemic. Four agencies assessed with low confidence that the pandemic started from natural exposure, while one assumed it was the result of a laboratory accident. Three other agencies could not agree on either explanation.

House Republicans also on Monday sent a letter to Director of National Intelligence Avril Haines requesting classified briefings with seven intelligence agencies and law enforcement agencies, including the Central Intelligence Agency, the Defense Intelligence Agency, the National Security Agency and the Federal Bureau of Investigation.

They also sent a letter to Health Secretary Xavier Becerra requesting interviews with more than two dozen US health officials.

Republicans, who narrowly won control of the House in last November’s midterm elections, had promised to launch multiple inquiries into the origins of the pandemic, the federal response and the use of taxpayer money.

“This investigation must begin with where and how this virus originated so that we can attempt to predict, prepare for, or prevent a recurrence,” said Rep. Brad Wenstrup, R-Ohio, chair of the select subcommittee on the coronavirus pandemic a statement.

The love story of Abby Wambach and Glennon Doyle will captivate you

What she didn’t disclose at the time was that she was already newly in love with Momastery blogger Glennon Doyle.

Doyle is no stranger to overcoming personal problems. She battled bulimia at a young age and drank and used drugs in college. She finally decided to get sober in 2002 when she became pregnant with her first child. (When she found out she was pregnant, she married her now-ex-husband because “I thought it was the right thing,” she told Glamour.com.)

“I had never kissed a girl, so I had no context for what was going to happen to me,” Doyle revealed on MamaMia’s No Filter podcast in May 2020. “But when Abby entered the room, I’ll tell you, that’s how it was [inner] voice I had practiced hearing and trusting [after my separation] just screamed. My whole self was like ‘there she is’ and I just knew it.”

They started corresponding about a month later, Doyle recalled, and a month later “I sat down with Craig and said, ‘It’s over. I’m in love.’ By the way, Abby and I had never seen each other outside of this room. We spent 10 minutes together and then decomposed our entire lives to be together.”

Wambach recalled to the New York Times, “We couldn’t have been a better match. Glennon had a husband and three children and lived in Naples, Florida. I had been sober for a month, my marriage was failing, besides, I had just finished my 30-year football career and was living in Portland, Ore.”

Nikki Haley is coming into the presidential race as Trump’s first challenger for the Republican nomination

Former Republican Gov. of South Carolina Nikki Haley speaks at the annual Republican Jewish Coalition Leadership Meeting on November 19, 2022 in Las Vegas, Nevada.

Wade Vandervort | AFP | Getty Images

Nikki Haley, a former South Carolina governor and United Nations ambassador, announced Tuesday that she will be running in the 2024 presidential campaign, making her the first Republican to challenge her former boss and ex-President Donald Trump for the Republican nomination .

Haley, 51, addressed the age difference between 80-year-old President Joe Biden and her 76-year-old challenger, Trump. Although Biden has not yet officially announced his candidacy, he is expected to do so in the coming weeks.

“Republicans have lost the popular vote in seven of the last eight presidential elections. That needs to change,” Haley said in a video posted to her Twitter account. Calling for a new generation of leaders, she said Biden’s record is “miserable” and the “Washington establishment has let us down time and time again.”

Announcing her run a day before the campaign was scheduled to officially kick off in Charleston, SC, Haley called for financial responsibility and safe borders.

Haley has been assembling a team for weeks to explore a potential run.

In public polls, she is behind Trump and other potential challengers.

A Morning Consult poll on Tuesday, for example, shows that 47% of Republican primary voters support Trump, while just 3% of respondents said they would vote for Haley. Florida Gov. Ron DeSantis, who is widely expected to run in the race, has 31% of GOP support, while Trump’s former Vice President Mike Pence, who has also hinted at a possible run, has 7% of the vote .

One of Trump’s most staunch Republican opponents in the US House of Representatives, former Rep. Liz Cheney, R-Wyo., is tied with Haley on 3% of the vote. None of these potential challenges have officially announced a run.

This is breaking news. Please check back for updates.

Rachel Maddow discusses assault on democracy if Trump is impeached

Rachel Maddow said that if Donald Trump is impeached, the US justice system will be attacked like never before.

Video:

Maddo says:

The first grand jury we’ll hear from is in Georgia, and we’ll hear from them this week. If he thought it was our American version of one of those guys attacking the press for challenging him and attacking the FBI and the Department of Justice for investigating him, then what’s our democracy around the corner , is he charged? What’s around the corner from us is whether accused is an attack on the specific system, the specific system that has the power to charge him and possibly arrest him and try him and try him. It’s one thing (unintelligible) with the people investigating you, but what are you doing with the courts and attacking this system with the same willingness to burn down one of the pillars of our democracy?

Around the world, we know what it looks like when far-right leaders try to dismantle these kinds of systems in order to claim and maintain total power for themselves. We’ve never had to struggle with that here. We have a lot to learn quickly about how to ensure these things stay put beyond what is very likely to come.

Subscribe to our newsletter:

Maddow was right. American democracy has never faced an attack on the court system of the kind that Trump and his allies will launch if the former president is indicted. It is highly likely that almost the entire Republican Party will defend Trump by attacking the government’s rule of law and judiciary.

Trump has been attacking the courts since they stopped him from overturning the 2020 election, but if he is impeached, something far more dangerous could be unleashed. Trump and the Republicans could attack the pillar of our system that upholds the law. It will be a great test that can only be passed if Donald Trump is convicted and held accountable.

Jason is the managing editor. He is also a White House press pool and congressional correspondent for PoliticusUSA. Jason has a bachelor’s degree in political science. His thesis focused on public policy with a specialization in social reform movements.

Awards and professional memberships

Member of the Society of Professional Journalists and the American Political Science Association

Rihanna unveils child #2 on the Tremendous Bowl Halftime Present

Congratulations, rihanna! Mogul Fenty Beauty is reportedly expecting her second child. Multiple sources confirmed the news, including a representative from her team, who confirmed with PEOPLE.

The singer first hinted at the news during her performance at the Super Bowl LVII halftime show, where she waved her hand to indicate the reveal. As the 34-year-old opened the show with her hit song “BBHMM,” she rubbed her stomach and sent fans on social media into a frenzy.

Rihanna showed her stomach for the first few seconds she was on screen 🥺 #HalftimeShow pic.twitter.com/E16Cs0KbPp

— Fenty Headlines (@FentyHeadlines) February 13, 2023

Rihanna shares baby bump closeup!

Later that evening, Rihanna shared a close-up photo of her baby bump, confirming the news firsthand.

Rihanna and her boyfriend, rapper A$AP Rocky, already have an 8-month-old son. However, the name of the child is not yet known. This will be the second child for the couple, who seem overjoyed at the upcoming addition to their family.

During their halftime show, friend A$AP Rocky recorded the performance nearby, smiling from ear to ear.

A$AP Rocky loved every minute of @rihanna’s halftime show 😍

(via @NFL) pic.twitter.com/7wgK9HIpbP

— SportsCenter (@SportsCenter) February 13, 2023

Last week, during a press conference, Rih spoke about the impact motherhood had on her decision to appear on the Super Bowl Halftime Show, sharing that being a mother gives her the confidence to take on any challenge.

When you become a mom, something just happens that makes you feel like you can take on the world, you can do anything.”

She added, “And the Super Bowl is one of the greatest stages in the world…it’s important for me to do that this year. It’s important for representation, it’s important for my son to see that.”

Congratulations, Rihanna!

Chinese language EV model Zeekr is now value greater than Xpeng

Pictured here is a Zeekr electric vehicle charging station in Dongguan, east China’s Guangdong province, 14 November 2022.

vcg | Visual China Group | Getty Images

BEIJING — Geely-backed electric car brand Zeekr said Monday it is now valued at $13 billion after Chinese battery giant CATL and others raised $750 million.

Zeekr is not yet public, but Geely said the brand confidentially filed for a U.S. IPO in December

The new $13 billion valuation makes Zeekr worth more than it does on paper Xpengwhich had a market value of $8.01 billion, according to data from Refinitiv Eikon accessed Monday.

No And Li car are worth much more, with market valuations of $17.22 billion and $25.22 billion, respectively, the data showed.

Zeekr said his new investors include Amnon Shashua — co-founder and CEO of a self-driving tech company Mobileye. The company did not immediately respond to a request for comment.

Modern Amperex Technology (CATL) and three state-related funds also participated in the last round of financing, according to a press release.

Zeekr said it intends to use the funds for tech development – and plans to enter the European market this year.

Geely founded electric vehicle brand Zeekr in 2021. The company began deliveries of its Zeekr 001 coupe in October and claims to have shipped more than 80,000 units since then.

The Zeekr 001 costs between 300,000 yuan ($43,915) and 386,000 yuan. For rough comparison, Tesla’s Model Y starts at 261,900 yuan.

The much larger and boxy Zeekr 009 multi-purpose vehicle began deliveries in January, the company said. Prices start at 499,000 yuan.

In 2010, the China-based company Geely acquired the Swedish car brand Volvo, previously owned by Ford Motor.

Geely was the fourth-largest maker of new energy passenger cars by sales in China in 2022, behind Tesla China, which ranked third according to the China Passenger Car Association.

Read more about electric vehicles from CNBC Pro

US sanctions six Chinese language tech firms for supporting spy balloon schemes

The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast of Surfside Beach, South Carolina, USA, on February 4, 2023.

Randall Hill | Reuters

WASHINGTON — The Commerce Department on Friday announced a new round of sanctions targeting six Chinese aerospace companies it identified as supporting the national military’s reconnaissance balloon program.

The firms will join a growing list of China-based companies that the US says pose a serious threat to national security.

The sanctions announcement came just hours after a US military F-22 shot down the second “high-altitude object” to enter US airspace last week.

“The PRC’s use of high-altitude balloons violates our sovereignty and threatens U.S. national security,” said Alan Estevez, undersecretary for industry and security, using the acronym for the People’s Republic of China.

“Today’s action makes clear that companies seeking to harm U.S. national security and sovereignty will be cut off from access to U.S. technologies,” Estevez said in a Commerce Department statement.

The ship that was shot down on Friday was adrift off the Alaskan coast. A Chinese surveillance balloon was shot down at high altitude off the coast of South Carolina last weekend.

However, the White House was reluctant to characterize the plane involved in Friday’s incident as a balloon.

“We call this an object because that’s the best description we have right now,” said National Security Council spokesman John Kirby, adding that US officials do not yet know which nation or group is responsible.

The new sanctions reflect the government’s renewed focus this week on China’s UAV surveillance programs.

“Today’s action demonstrates our concerted efforts to identify and disrupt the PRC’s use of surveillance balloons that have violated the airspace of the United States and more than forty countries,” said Matthew Axelrod, Deputy Secretary of Commerce for Export Enforcement.

Singapore is dropping pre-departure necessities for vacationers and additional easing masks guidelines

People gather in front of the ArtScience Museum at Marina Bay Sands in Singapore on January 17, 2023. (Photo by Roslan RAHMAN/AFP) (Photo by ROSLAN RAHMAN/AFP via Getty Images)

Roslan Rahman | AFP | Getty Images

SINGAPORE – Singapore is set to allow travelers who have not been fully vaccinated to enter the country without a negative pre-test starting next week, health officials said on Thursday.

The country will scrap mask-wearing on public transport from Monday to exit the “acute phase” of the pandemic, the health ministry said.

The country’s Covid task force, established in January 2020, will be deactivated.

“Our Covid situation has remained stable in recent months, despite increased travel throughout the year and public holidays and China’s move away from zero Covid,” said Singapore’s Deputy Prime Minister Lawrence Wong, who is also co-chair of the Covid Task Force.

“Our population has developed high levels of hybrid immunity. The risk of infections leading to serious illness or death is very low – comparable to other endemic respiratory diseases such as influenza.”

Further easing of travel and mask requirements before departure are “significant steps” marking Covid-19 as endemic and “new norm” for Singapore.

travel changes

All travelers entering Singapore by air or sea will still be required to submit a health declaration before or upon arrival, the ministry said.

As well as removing the need to show proof of a negative test before departure, short-term visitors will also not be required to purchase Covid travel insurance.

Previously, visitors who were not fully vaccinated had to test negative for Covid within 2 days of their departure for Singapore.

While travelers who are not fully vaccinated can now enter Singapore without pre-departure testing, the vaccinated lanes remain “for reactivation” in case there are worrying international developments such as new variants, authorities said.

Singapore will allow travelers who are not fully vaccinated to enter the country without a negative pre-test from February 13, 2023.

Xinhua News Agency | Getty Images

Singapore opened vaccinated lanes in April 2022 to facilitate the safe resumption of international travel.

After Singapore locked down large parts of the city-state and tightened travel and restaurant restrictions at the start of the pandemic in 2020, Singapore began lifting most of its Covid restrictions in April.

Further Covid measures were eased in late August, when authorities lifted mask requirements indoors and allowed under-vaccinated travelers to skip quarantine on arrival.

Wearing masks is made easier

Wearing masks on public transport and indoor health facilities is no longer mandatory, but Wong encouraged the public to continue wearing masks if they showed any symptoms.

However, mask-wearing is still required in places such as hospital wards, clinics and nursing homes where there are “patient interactions” and “indoor patient-contact areas,” the health ministry said.

“This is to better protect patients and healthcare workers in general from infectious diseases,” she added.

The Department of Health said private companies may also choose to maintain mask-wearing requirements as company policy for occupational health and safety or for “business continuity reasons”.

Singapore on Wednesday reported 377 cases of Covid-19, with infections continuing to fall from a record 26,032 cases almost a year ago on February 22.

Most of those infected in Singapore had mild or no symptoms.

Back to pre-pandemic levels

Singapore will continue to downgrade its disease outbreak response, bringing it back to pre-pandemic levels.

As a result, Singapore’s multi-ministry taskforce, established in January 2020 in response to Covid-19, will also step down.

The frame, known locally as Disease Outbreak Response System Condition (DORSCON), will transition from yellow to green. This suggests that the disease is mild with minimal disruption to daily life.

The color-coded system starts with green at the lowest level, through yellow, orange and red – the highest risk level. At the peak of the pandemic, Singapore raised the level to orange.

vaccination progress

According to the Department of Health, as of January, around 92% of the population will have completed the primary series of vaccinations, while 83% have “minimum protection” – which refers to the primary series and the first booster shot.

As of February 7, only 48% have received a current vaccination, meaning they will receive a second booster shot between five months and a year after the first.

Health Minister Ong Ye Kung said the “availability of effective vaccines” was a “tipping point” for Singapore’s Covid situation.

“Our high immunization coverage is one of the main reasons we are gradually restoring normal life… and [arrive] with today’s DORSCON green, endemic new standard.”

It is recommended that people aged 60 and older should have an annual booster shot, similar to influenza flu shots, Ong said.

“Many of them are currently protected by boosters or recent recovery from Covid-19. However, this will likely diminish over time given their vulnerable status.”

Those aged 12 to 59 will be “offered” an additional booster shot 12 months after their last dose if they choose to take it, Ong added.

“This is a notch below the current guidelines, meaning they are recommended. Now they are offered.”