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Novavax, Inc. Is a biotechnology company, which engages in the discovery, development, and commercialization of recombinant vaccines. The company was founded in 1987 and is headquartered in Gaithersburg, MD.

Novavax, Inc.

Novavax Inc

Novavax is trending after announcing a non-exclusive license agreement with Pfizer for its Matrix-M adjuvant, providing significant validation for the technology. This deal, building on previous collaborations, is driving community excitement and fueling discussions about the adjuvant's potential applications and the company's future partnerships amidst notable short interest.

Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto. It enables peer-to-peer electronic cash transactions without intermediaries like banks or governments, operating on a blockchain secured by Proof of Work mining and the SHA-256 cryptographic algorithm.   With a fixed supply cap of 21 million coins and programmatic halvings every four years that reduce miner rewards, Bitcoin is designed as a deflationary digital asset often called "digital gold." Its value stems from solving the double-spending problem without trusted intermediaries, creating the first truly scarce digital asset with censorship resistance and permissionless access that no government, corporation, or individual can control.  Bitcoin operates as a decentralized peer-to-peer network where transactions are recorded on a public ledger called the blockchain, distributed across thousands of computers globally. Transactions are grouped into blocks added approximately every 10 minutes through mining, where specialized computers compete to solve complex mathematical puzzles.   Bitcoin has achieved mainstream adoption through multiple vectors. The January 2024 SEC approval of 11 spot Bitcoin ETFs opened Bitcoin investment to traditional finance participants, and corporations like Strategy (formerly MicroStrategy) are using Bitcoin as a treasury reserve asset to protect against currency debasement, offering MSTR holders amplified exposure to Bitcoin.   The Bitcoin ecosystem continues to evolve with innovations like Ordinals, which emerged in January 2023 to enable NFT-like functionality directly on Bitcoin, and BRC-20 tokens, an experimental standard for creating fungible tokens using Ordinal inscriptions. BTCFi (Bitcoin Finance) represents emerging financial applications extending beyond Bitcoin's traditional role, with protocols like Babylon allowing Bitcoin holders to stake BTC to secure Proof of Stake chains.

Bitcoin

Bitcoin is driving significant conversation as escalating US-EU trade tensions, particularly over Greenland and proposed tariffs, spark widespread market uncertainty and a risk-off shift. The community is sharply divided, with intense debate over whether current volatility signals a deeper correction or presents a key buying opportunity amidst ongoing institutional interest and broader macroeconomic shifts.

ImmunityBio, Inc. is a clinical stage immunotherapy company. It develops next generation therapies that drive immunogenic mechanisms for defeating cancers and infectious diseases. The company's immunotherapy platform activates both the innate and adaptive immune systems to create long term immunological memory. ImmunityBio was founded by Patrick Soon-Shiong in 2014 and is headquartered in San Diego, CA.

ImmunityBio Inc

ImmunityBio is generating significant buzz following positive regulatory advancements for its ANKTIVA therapy, with the FDA outlining a path to resubmission for papillary bladder cancer that requires no new clinical trials. This news, combined with recent international approvals, is fueling strong community sentiment around the potential for a "cancer cure" and intense discussions anticipating a substantial short squeeze.

ProShares Trust - ProShares Ultra Bloomberg Natural Gas 2x Shares

ProShares Ultra Bloomberg Natural Gas

BOIL is currently experiencing a significant surge, fueled by an intense Arctic air invasion across the United States that is driving up natural gas demand and futures prices. The strong upward momentum has triggered a notable short squeeze, with the community actively discussing substantial profits and anticipating continued upside as extreme cold weather is projected to persist. This volatility is characteristic of the 2x leveraged ETF, attracting both profit-takers and those eyeing further gains.

Netflix, Inc. engages in providing entertainment services. It also offers activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.

Netflix Inc.

Netflix Inc

Netflix is currently a major talking point among investors, primarily driven by its upcoming earnings report and the proposed all-cash acquisition of Warner Bros. Discovery assets, which has sparked a debate over potential growth versus debt concerns. The community is closely watching for strong ad-tier performance and subscriber metrics, particularly after a previous tax-related earnings miss, with sentiment split on whether recent oversold conditions signal a significant rebound or continued volatility.

SSgA Active Trust - SPDR S&P 500 ETF Trust

The SPY is trending as market participants react to heightened geopolitical tensions, specifically former President Trump's recent tariff threats against NATO allies over Greenland and an anticipated Supreme Court ruling on presidential tariff authority. This has sparked a fierce debate among investors, with some advocating to "buy the dip" and anticipating a rapid "Taco Trade" rebound, while others warn of a significant market correction. Adding to the volatility are concerns surrounding Japan's bond market instability, creating a complex and uncertain trading environment.

BlackRock Institutional Trust Company N.A. - iShares 20+ Year Treasury Bond ETF

iShares 20+ Year Treasury Bond ETF

TLT is experiencing significant volatility amid escalating geopolitical tensions, notably the US asserting control over Venezuela's oil and ongoing debates surrounding US tariffs, fueling a "flight to quality" narrative for some. The community is actively discussing whether these events, alongside large institutional bond purchases, will continue to boost Treasuries as a safe haven or intensify concerns over US debt and the Federal Reserve's independence.

AppLovin Corp. engages in the development and operation of a mobile marketing platform. It offers AppDiscovery, MAX, Adjust, and SparkLabs. Its software-based platform caters to mobile application developers to improve the marketing and monetization of applications. The company was founded by Andrew Karam, John Krystynak, and Adam Foroughi in 2011 and is headquartered in Palo Alto, CA.

Applovin Corp - Ordinary Shares - Class A

Applovin Corp

Applovin ($APP) is experiencing significant volatility and a notable price decline following a new short report alleging the company's involvement in money laundering. This report has sparked intense debate among investors, with many attributing the drop to market manipulation and viewing it as a buying opportunity, while others express concern over the serious accusations despite recent bullish analyst upgrades.

Corvus Pharmaceuticals, Inc. engages in the development of immune modulator product candidates with the potential to treat solid cancers, T-cell lymphomas, autoimmune diseases, and infectious diseases. Its product pipeline includes B Cell Activator and Anti-CD73, Adenosine Production Inhibitor Anti-CD73, ITK Inhibitor, A2AR Inhibitor, Anti-CXCR2, and A2BR Inhibitor. The company was founded by Richard A. Miller, Peter A. Thompson, Joseph J. Buggy, and Erik Verner on January 27, 2014 and is headquartered in South San Francisco, CA.

Corvus Pharmaceuticals Inc

Corvus Pharmaceuticals is trending due to overwhelmingly positive data from its Phase 1 clinical trial of soquelitinib for atopic dermatitis, with community discussions highlighting its strong efficacy in treatment-resistant patients. Investors are actively debating the potential for this novel oral ITK inhibitor to disrupt the significant atopic dermatitis market, fueling speculation of future partnerships or an acquisition and validating its broader immune-modulating platform.

ProShares Trust - ProShares UltraShort Bloomberg Natural Gas -2x Shares

ProShares UltraShort Bloomberg Natural Gas

KOLD is trending as natural gas prices sharply reverse, primarily driven by dramatically warmer weather forecasts that are erasing previous cold-snap gains. The community is actively discussing the extreme volatility and "widow maker" nature of natural gas ETFs, with many attempting to capitalize on KOLD's rapid ascent amidst widespread price uncertainty. This significant shift in winter weather expectations is compelling traders to adjust positions, leading to rapid price movements in inverse natural gas products.

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WK Kellogg Co. (KLG) has become the first major food maker to sign a legally binding agreement to eliminate artificial food dyes from its cereals, Texas Attorney General Ken Paxton announced on Wednesday.<a href="http://stocktwits.com/symbol/KLG">WK Kellogg’s stock</a> edged 0.15% higher in afternoon trade with retail sentiment on Stocktwits in ‘bearish’ territory over the past day.&nbsp;The Attorney General’s office said the deal was reached after months of investigation and requires Kellogg’s to remove the dyes by the end of 2027 under an Assurance of Voluntary Compliance. It noted that while rival brands have made verbal pledges, Kellogg’s is the first to sign a legally binding agreement.&nbsp;“Following months of investigating and negotiating, I’m proud to officially say Kellogg’s will stop putting these unhealthy ingredients in its cereals,” said Attorney General Paxton. “I encourage other food manufacturers to sign similar agreements to demonstrate their commitment to helping Americans live healthier lives.”The announcement follows a Civil Investigative Demand (CID) issued to Kellogg’s in February and a formal probe launched in April. Texas Attorney General Ken Paxton’s office said the inquiry began after Kellogg’s failed to follow through on a pledge to remove petroleum-based food colorings in the U.S., despite eliminating them in Canada and Europe. The company continued using various blue, red, and yellow dyes in American cereals.In June, General Mills (GIS) also publicly&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.texasattorneygeneral.gov/news/releases/general-mills-agrees-remove-toxic-artificial-dyes-its-products-following-investigation-and-legal">vowed</a> to remove artificial dyes from cereals and foods supplied to U.S. schools by summer 2026, and from all U.S. retail products by the end of 2027, following a CID and investigation. While Paxton called it “a win for the health of our children and all Americans,” the agreement was not legally binding.The Attorney General’s office is also&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/mars-faces-probe-in-texas-for-keeping-artificial-dyes-in-m-and-ms-and-skittles/ch8hkkXR5op">investigating</a> Mars, the maker of M&amp;M’s and Skittles, for abandoning a 2016 global pledge to remove artificial colors. The attorney general argues that Mars’s inaction—particularly its differing standards in Europe—amounts to deceptive trade practices. State officials cited recent studies linking artificial dyes to behavioral and neurological effects in children, cancer risks, and other serious health issues.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/goldman-sachs-economist-sticks-to-tariff-warning-after-trump-criticism/chrC0koRd9Z">Goldman Sachs Economist Sticks To Tariff Warning After Trump’s Criticism</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Boxes of Kellogg's Special K cereal are displayed on shelves at an H-E-B grocery store on May 06, 2025 in Austin, Texas. (Photo by Brandon Bell/Getty Images)

Kellogg’s Agrees to Eliminate Artificial Dyes From Cereals By 2027 In Legally Binding Agreement

In a statement, Texas Attorney General Ken Paxton called on other food manufacturers to follow Kellogg’s lead and sign similar agreements.

Equity

WK Kellogg (KLG) Q2 Earnings and Revenues Miss Estimates

WK Kellogg (KLG) delivered earnings and revenue surprises of -10.71% and -3.31%, respectively, for the quarter ended June 2025. Do the numbers hold clues to what lies ahead for the stock?

Warby Parker Inc. (WRBY) Earnings Expected to Grow: Should You Buy?

Warby Parker (WRBY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: WK Kellogg (KLG) Q2 Earnings Expected to Decline

WK Kellogg (KLG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

U.S. Health and Human Services Secretary Robert F. Kennedy Jr. has signaled an accommodative stance towards saturated fats, saying that the risks&nbsp;of such dietary fats, found in certain meats and dairy products, could be overblown."There's a tremendous amount of emerging science that talks about the need for more protein in our diets, more fats in our diets," Kennedy said Monday at a U.S. Department of Agriculture event, according to a Bloomberg News&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bloomberg.com/news/articles/2025-07-14/rfk-jr-vows-to-halt-attack-on-fats-in-whole-milk-and-cheese">report</a>.Kennedy added that the next version of the federal government's dietary guidelines, which would shape nutrition advice and school meals, would be released in the "next several months" and would stop the "attack on whole milk and cheese and yogurt over the past couple of decades."Kennedy's stance marks a reversal, as the health department has long recommended a low consumption of saturated fat, which is said to increase the risk of heart disease.The current dietary guidelines recommend that Americans over the age of two limit their consumption of foods high in saturated fat to less than 10% of daily calories.A shift in the federal stance could reshape perceptions of certain foods and push packaged food companies to reformulate their offerings, particularly those served in schools through meal programs.Tyson Foods (TSN), Conagra Brands (CAG), Kraft Heinz (KHC), General Mills (GIS), and WK Kellogg (KLG), among others, offer foods served in schools.Currently, only skim and 1% milk are recommended in school meals as part of an effort to limit saturated fat consumption. Both Kennedy and Agriculture Secretary Brooke Rollins have previously publicly endorsed allowing whole milk to be served in schools again.The development comes as the food regulator seeks to remove artificial colorants from packaged foods. Several companies, including PepsiCo (PEP), Kellogg, and Kraft Heinz, have&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/bye-bye-synthetic-dyes-general-mills-kraft-heinz-pledge-to-eliminate-artificial-colorants-from-us-packaged-foods-by-2027/chlrx38RRcu">announced plans</a> to phase out artificial dyes in foods by 2026-2027.For updates and corrections, email newsroom[at]stocktwits[dot]com.Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/stitch-fix-surges-after-william-blair-upgrade-retail-still-on-the-fence/ch8fosYR5n0">Stitch Fix Surges After William Blair Upgrade: Retail Still On The Fence</a>

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. testifies before the Senate Committee on Health, Education, Labor, and Pensions on Capitol Hill on May 20, 2025 in Washington, DC. (Photo by Tasos Katopodis/Getty Images)

Food Giants Watch Closely As RFK Jr. Signals Shift On Saturated Fats, Calls To End ‘Attack’ On Whole Milk, Cheese

The health department’s stance marks a shift from its long-standing advice to limit saturated fats in diets, and could reshape the product offerings of major food companies.

Kraft Heinz (KHC) is reportedly planning to spin off a large chunk of its grocery business, including many Kraft products, into a new entity that could be valued at as much as $20 billion on its own.The other company would be housing goods such as sauces and spreads like Heinz’s namesake ketchup and Dijon mustard brand Grey Poupon, the Wall Street Journal&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.wsj.com/business/deals/kraft-heinz-split-3e75294e?mod&amp;#61;Searchresults_pos1&amp;page&amp;#61;1">reported</a> on Friday, citing people familiar with the matter.<a href="https://stocktwits.com/symbol/KHC">Kraft Heinz shares</a> rose 1.3% in midday trading. The retail sentiment around the stock improved to ‘neutral,’ compared to the ‘bearish’ a day ago, according to Stocktwits data.The report added that the hope is for the two separate units to cumulatively be&nbsp;worth more than Kraft Heinz’s&nbsp;current market value of around&nbsp;$31 billion.A split could be finalized in the coming weeks, according to The Wall Street Journal. However, Kraft Heinz has discussed other scenarios with its advisers, and its board hasn’t signed off on a final decision.The company is also still working through exactly which brands would be part of the spun-out entity,&nbsp;the report said.The spin-off comes at a time when demand for Kraft Heinz items has slowed in tandem with the broader packaged food industry, which is currently&nbsp;facing&nbsp;cost-sensitive customers paring back due to the price hikes undertaken over the years.Deal-making in the sector has also increased recently, with Italian confectionery maker<a href="https://stocktwits.com/news-articles/markets/equity/wk-kellogg-stock-jumps-after-ferrero-strikes-3-1-b-deal-to-acquire-the-cereal-maker/ch8GEtDR5kP">&nbsp;Ferrero Group set to buy WK Kellogg</a> (KLG) in $3.1 billion deal, and chocolate company Mar looking to acquire Kellanova (K) in a deal worth about $36 billion.&nbsp;&nbsp;Kraft Heinz was formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Holding Corp, engineered by 3G Capital and Berkshire Hathaway. Kraft, known for household staples such as Velveeta and Philadelphia Cream Cheese, had split from Mondelez International in 2012 to focus on U.S. grocery products.Heinz, famed for its ketchup, had been acquired by the same investors two years earlier. The merger created the third-largest food and beverage company in North America, combining over 200 iconic brands under a single roof.For updates and corrections, email newsroom[at]stocktwits[dot]com.Also See:<a href="https://stocktwits.com/news-articles/markets/equity/levi-stock-surges-after-analysts-raise-price-target-on-stock-retail-sentiment-extremely-bullish/ch8cXLQR5ZF">&nbsp;</a><a href="https://stocktwits.com/news-articles/markets/equity/walgreens-shareholders-approve-10-billion-take-private-offer-by-sycamore-partners/ch8cmjbR5Nd">Walgreens Shareholders Approve $10 Billion Take-Private Offer By Sycamore Partners</a>&nbsp;

raft Heinz products including, Tomato Ketchup, HP Sauce, Beanz, Hoops and Tomato Soup are displayed during the Brand Licensing Europe at ExCel on October 04, 2023 in London, England.

Kraft Heinz Plans $20B Grocery Business Spin-Off: Report

The spin-off will result in the two separate units being worth more than Kraft Heinz’s roughly $31 billion market value currently.

Ferrero Set to Acquire WK Kellogg: Here's What the $3.1B Deal Means

Ferrero is set to acquire KLG for $3.1B in cash, marking its North America expansion and entry into the cereal market.

WK Kellogg (KLG) said on Thursday that the Italian company Ferrero Group will buy the breakfast cereal maker in a $3.1 billion deal, expanding the confectionery firm’s U.S. footprint.The maker of Ferrero Rocher has agreed to acquire WK Kellogg for $23 per share in cash, with a 31.4% premium to the Froot Loops maker’s last close of $17.50.<a href="https://stocktwits.com/symbol/KLG">WK Kellogg shares</a> jumped 30% in premarket trading. Retail sentiment&nbsp;jumped to ‘extremely bullish’ from ‘bullish’ a day ago, according to Stocktwits data.The deal brings together WK Kellogg’s cereals, such as Frosted Flakes, Froot Loops, Special K, and Rice Krispies, and Ferrero’s brands, such as Nutella, Kinder, Tic Tac, and Ferrero Rocher under one roof.This acquisition includes the manufacturing, marketing and distribution of WK Kellogg Co's breakfast cereals across the&nbsp;U.S., Canada and the Caribbean and is part of Ferrero's plan for strategic growth.Ferrero, in recent years, has acquired a number of legacy brands, including Keebler, Butterfinger, and Baby Ruth.The Wall Street Journal first broke the news on Wednesday regarding the potential deal between Ferrero Group and WK Kellogg.WK Kellogg was spun off from Kellanova (K) in 2023 and has been struggling to drive growth at a time when consumer demand in the packaged food sector has declined due to the price hikes undertaken by companies, which have pushed cost-sensitive customers to seek cheaper alternatives, such as private label brands.Kellanova is being bought out by chocolate maker Mars in a nearly $36 billion deal, which has now come under the European Union’s antitrust investigation. The U.S. Federal Trade Commission (FTC) announced in June, however, that it would be terminating its review early, signaling that the merger does not violate antitrust laws.For updates and corrections, email newsroom[at]stocktwits[dot]com.Also See:<a href="https://stocktwits.com/news-articles/markets/equity/wk-kellogg-stock-pops-after-hours-as-candy-maker-ferrero-reportedly-nears-3-b-deal-to-buy-cereal-company/chF6pSCR51b">&nbsp;WK Kellogg Stock Pops After-Hours As Candy Maker Ferrero Reportedly Nears $3B Deal To Buy Cereal Company</a>&nbsp;

Boxes of various Kellogg's cereals are displayed on shelves at a Walmart Supercenter on May 06, 2025 in Austin, Texas.

WK Kellogg Stock Jumps After Ferrero Strikes $3.1B Deal To Acquire The Cereal Maker

The maker of Ferrero Rocher is buying WK Kellogg for $23 per share in cash with the deal uniting everything from cereals such as Froot Loops to chocolates such as Kinder under one roof.

U.S. stocks appear set for a weak opening on Thursday as President Donald Trump amped up the tariff war by sending letters detailing new levy rates to several countries&nbsp;after the July 9 deadline passed on Wednesday.President Trump sent out tariff letters to&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-imposes-20-tariffs-on-philippines/chFy2WiR5KR">the Philippines</a>, <a href="https://stocktwits.com/news-articles/markets/equity/trump-targets-brunei-with-25-tariff-citing-trade-deficit-manufacturing-incentives/chFyP0XR5KB">Brunei</a>,&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-slaps-25-tariffs-on-moldova/chFy2M7R5K2">Moldova</a>,&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-tariffs-30-algeria/chFyPEAR5KJ">Algeria</a>,&nbsp;<a href="https://stocktwits.com/news-articles/markets/5/trump-slaps-30-tariff-on-iraq-says-its-less-than-what-is-needed/chFy2f8R5Kb">Iraq</a>,&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-hits-libya-with-30-tariff-urges-country-to-bring-more-manufacturing-to-the-us/chFy2uKR5KP">Libya</a>, and <a href="https://stocktwits.com/news-articles/markets/equity/trump-hits-sri-lanka-with-30-tariffs/chFy33CR5Ki">Sri Lanka</a> on Tuesday. He added Brazil to the list later, citing the prosecution of former Brazilian President Jair Bolsonaro.This comes after President Trump&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-25-tariffs-on-japan-south-korea/chFtA0sR5Qd">slapped 25% tariffs</a> on all goods imported from Japan and South Korea, and 12 other countries, starting August 1.While Dow Jones futures edged lower by 0.18% at the time of writing, the S&amp;P 500 futures were down 0.1%, and the tech-heavy Nasdaq 100’s futures fell 0.04%. Futures of the Russell 2000 index edged lower by 0.03%.Meanwhile, the&nbsp;<a href="https://stocktwits.com/symbol/SPY">SPDR S&amp;P 500 ETF Trust</a> (SPY) was down 0.06% at the time of writing, while&nbsp;<a href="https://stocktwits.com/symbol/QQQ">Invesco QQQ Trust</a> (QQQ) edged lower by 0.01% on Thursday morning. Retail sentiment around the S&amp;P 500 ETF on Stocktwits has been in the ‘bullish’ territory over the past week.Asian markets ended Thursday’s trading session on a largely positive note, with the KOSPI leading with gains of 1.55%, followed by the&nbsp; TWSE Capitalization Weighted Stock index at 0.73%, Hang Seng at 0.57%, and the Shanghai Composite at 0.47%.The Nikkei 225 declined 0.44%.Stocks To Watch<ul><li>WK Kellogg Co. (KLG): Kellogg’s shares skyrocketed nearly 51% in Thursday’s pre-market trading session after the company reportedly received an acquisition offer from Ferrero for $3 billion.</li><li>Delta Air Lines Inc. (DAL): Delta Air Lines’ shares surged nearly 10% in pre-market trading after the company’s second-quarter earnings and revenue beat Wall Street expectations. It also reinstated its 2025 outlook,&nbsp;which it had pulled&nbsp;in April due to Trump’s tariffs.</li><li>Tesla Inc. (TSLA): The Elon Musk-led EV giant said it would hold its annual general meeting in November.</li><li>Taiwan Semiconductor Manufacturing Co. (TSM): TSMC reported a 39% year-on-year jump in its revenue in the January-June period.</li></ul>For updates and corrections, email newsroom[at]stocktwits[dot]com.Also See:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/eu-pushes-trump-tariff-stand-still-clause/chFUUrlR50J">EU Pushes For Trump Tariff ‘Stand-Still’ Clause Until A Trade Deal Is Reached: Report</a>

People walk by the New York Stock Exchange

Dow Futures Slip As Trump Amps Up Tariff War: Kellogg, Delta, Tesla, TSMC Among Stocks To Watch

While Dow Jones futures edged lower by 0.18% at the time of writing, the S&P 500 futures were down 0.1%.

WK Kellogg shares spike as Ferrero reportedly nears $3 bn purchase of cereal firm

Investing.com - Shares of  WK Kellogg  (NYSE:KLG) surged by more than 57% in premarket trading after the Wall Street Journal reported that family-owned Italian candy group Ferrero is closing in on a roughly $3 billion deal to buy the cereal maker.

WK Kellogg Co. produces and sells cereal based breakfast products. Its products include Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini- Wheats, Rice Krispies, Kashi, Corn Flakes, and Apple Jacks. The company was founded in 1906 and is headquartered in Battle Creek, MI.

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