CVS Health to split into two publicly traded companies by 2028, FT reports

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• AMD rides data center riches to ‘largest and most profitable’ quarter in history

  Heavy enterprise demand for artificial intelligence hardware is fundamentally transforming the chipmaker into an enterprise-first business as infrastructure spending eclipses consumer sales. However, this massive shift coincides with severe supply chain constraints that are actively depressing gaming revenue and driving up retail hardware prices. Executive leadership is now preparing for sustained headwinds in personal computing even as overall corporate growth forecasts remain exceptionally aggressive.

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• No more rice grains in Kellogg's Rice Krispies due to changing weather

  Extreme dry weather across major Asian growing regions has severely constrained crop yields and elevated sourcing costs. In response, Kellogg's has transitioned the production of two flagship morning cereals in the UK to an alternative flour blend. This reformulation helps stabilize supply and product quality, though it introduces a new allergen advisory on supermarket shelves.

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• Japan state fund to sell JSR to Mitsui Chemicals for $8.2 bln- Reuters

  The divestment transfers ownership of the specialized materials maker back into private industry hands through a major domestic acquisition. This significant corporate realignment aims to streamline operational assets while unlocking capital for strategic government-backed industrial initiatives. The transaction reshapes the country's materials sector by integrating these manufacturing capabilities into an established domestic player.

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