Rival grocers Kroger and Albertsons today announced plans to team up.
The companies say Kroger agreed to buy Albertsons for $34.10 a share in a deal valued at $24.6 billion. Kroger is the second largest grocer by market share in the U.S. behind Walmart, and Albertsons is fourth, after Costco.
The deal will likely face regulatory scrutiny, as antitrust enforcers under the Biden administration have been challenging big mergers.
Ads on Netflix are just about here.
The streaming company says it will charge $7 a month for its new ad-supported tier of service when it debuts next month, releasing the plan a month before the launch of Disney +’s ad-backed streaming tier and for one dollar less.
Netflix is trying to attract new customers after reporting major subscriber losses in the first half of the year.
Futures are mixed after stocks soared yesterday. The Dow Industrials surged 827, the NASDAQ jumped 232 and the S&P 500 added 93.
