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Mccormick

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Fetterman's Secret GOP Convention Cameo Sparks Bipartisan Buzz
politics25 days ago

Fetterman's Secret GOP Convention Cameo Sparks Bipartisan Buzz

Sen. John Fetterman quietly agreed to appear at the Republican midterm convention, recording a video outside a steel mill to introduce Sen. Dave McCormick and tout bipartisan steel-industry cooperation. The move, driven by GOP organizers seeking an eye-catching ‘Oh sh*t’ moment, came from a personal friendship rather than a desire to switch parties. Fetterman stressed he’s a lifelong Democrat and wouldn’t become a Republican, and he didn’t travel to Dallas in person or tell his team in advance.

via axios.com|
#bipartisan#democratic-party#fetterman
Fetterman Makes Surprise GOP Convention Appearance, Endorses McCormick and Fuels Switch Speculation
politics29 days ago

Fetterman Makes Surprise GOP Convention Appearance, Endorses McCormick and Fuels Switch Speculation

Democratic Sen. John Fetterman appeared virtually at the Republican midterm convention to endorse Republican Dave McCormick, saying he’s a commonsense Democrat who will reject extremes and socialism, a message that sparked party-switch speculation despite his denials; Republicans welcomed the centrist vibe, while Democrats called him a Benedict Arnold, highlighting the tension around his influence in a narrowly divided Senate.

via The Guardian|
#fetterman#mccormick#party-switch
Fetterman Surprises GOP Convention with Bipartisan Praise for McCormick
politics1 month ago

Fetterman Surprises GOP Convention with Bipartisan Praise for McCormick

Democratic Sen. John Fetterman appeared via video at the Republican midterm convention to praise Republican Senate candidate Dave McCormick and tout working with Donald Trump, signaling a willingness to cross party lines as the midterms approach. The appearance drew muted applause in the hall and prompted criticism from some Democrats back home, highlighting Fetterman’s ongoing bipartisan outreach.

via NBC News|
#bipartisanship#fetterman#gop-convention
Fetterman to Back Trump at GOP Convention, Fueling Party-Shift Speculation
politics1 month ago

Fetterman to Back Trump at GOP Convention, Fueling Party-Shift Speculation

Sen. John Fetterman is set to appear at the GOP convention in a video praising President Trump and Pennsylvania Senate hopeful Dave McCormick, a move that signals a notable estrangement from the Democratic Party left. He isn’t expected to switch parties, but the cameo could intensify questions about his future in Democratic politics and potential impact on the 2028 Senate race, while also boosting Trump’s bid to woo former Democrats.

via Axios|
#fetterman#gop-convention#mccormick
sports4 months ago

Steelers Move Fautanu, McCormick to Left Side to Lock Down Blind Side

During OTAs, the Steelers shifted Troy Fautanu and Mason McCormick to the left side to anchor the blind side for a right-handed quarterback, with coach Mike McCarthy praising their talent and chemistry and saying he wanted that left side set. With Broderick Jones dealing with a neck injury and uncertain tackle options behind them, the final starting five isn’t decided, but the Fautanu–McCormick pairing appears likely to stick for now.

via Steelers Depot|
#fautanu#mccormick#offensive-line
politics5 months ago

Senators push tighter rules on lawmakers' betting in prediction markets

Senators Kirsten Gillibrand and Dave McCormick introduced a bipartisan bill to bar members of Congress, the president, vice president, and senior executives from trading on prediction markets, require the CFTC to review and update rules to curb insider trading, and sanction platforms with age verification and case-by-case bans on bets tied to war or other sensitive events.

via Politico|
#cftc#gillibrand#insider-trading
business6 months ago

McCormick, Unilever Foods to Forge Global Flavor Leader in $20B Merger

McCormick is merging with Unilever's Foods business to form a global flavor leader with about $20B in 2025 revenue and an enterprise value near $44.8B. Post-close, Unilever shareholders would own roughly 55% of the combined company, McCormick about 35%, and Unilever around 9.9%, with Unilever receiving a $15.7B cash component. The deal is expected to generate about $600M in run-rate cost synergies (roughly $100M reinvested for growth), lift margins to ~23–25% by year 3, and reduce net leverage to 3.0x within two years, with closing targeted by mid-2027 and leadership split (McCormick leading the company, Unilever executives on the board); plans include a European secondary listing and maintained dividends, subject to regulatory and shareholder approvals.

via McCormick|
#business#flavor#mccormick
McCormick to Buy Unilever Foods in $45 Billion Deal Expanding Condiments Reach
business6 months ago

McCormick to Buy Unilever Foods in $45 Billion Deal Expanding Condiments Reach

McCormick will acquire Unilever’s Foods unit, including Hellmann’s mayo and Marmite, in a roughly $45 billion transaction funded with cash and equity. Unilever shareholders will own about 55.1% of the combined company, while Unilever itself will hold a 9.9% stake. The deal expands McCormick’s portfolio into spreads and condiments and adds Knorr products; Unilever will focus on faster-growing personal care and will exclude India's foods unit. The merger is expected to close by mid-2027 after regulatory and shareholder approvals, with McCormick keeping its Hunt Valley, MD HQ and adding a European HQ in the Netherlands, plus a secondary European listing. Shares fell on the news.

via CNBC|
#acquisition#business#condiments
Unilever–McCormick deal to form global flavors powerhouse worth $44.8bn
business6 months ago

Unilever–McCormick deal to form global flavors powerhouse worth $44.8bn

Unilever will merge its food arm with McCormick in a $44.8 billion deal, giving Unilever 65% of the new company and McCormick running the global business; the lineup includes Knorr, Pot Noodle, Hellmann’s, French’s, Old Bay and Cholula, with about $600 million in annual cost savings expected by year three. Some Unilever food operations (e.g., India) won’t join, while Unilever’s remaining business focuses on beauty/personal care/home; a European listing is planned; the deal is structured as a Reverse Morris Trust to be tax-free in the US, and shares moved modestly after the announcement.

via The Guardian|
#business#food-industry#mccormick