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Kraft Heinz Eyes $20B Spin-Off Amid Record Tax Revenue

7/13/2025

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Summary

Story summary

Kraft Heinz aims to spin off its grocery business, potentially worth $20 billion, following its merger with Buffett and 3G Capital.
Almost 100 companies applied for Louisiana’s Quality Jobs tax incentive before the June 30 deadline, totaling over $52 billion in investments.
U.S. customs duties revenue reached a record $27.2 billion in June, aiding a $27 billion federal budget surplus for the month.

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Story summary

Kraft Heinz aims to spin off its grocery business, potentially worth $20 billion, following its merger with Buffett and 3G Capital.
Almost 100 companies applied for Louisiana’s Quality Jobs tax incentive before the June 30 deadline, totaling over $52 billion in investments.
U.S. customs duties revenue reached a record $27.2 billion in June, aiding a $27 billion federal budget surplus for the month.