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Hershey's chocolate is about to get more expensive.The candy company is planning to raise the prices of a fifth of its products by about 2.5%, Hershey reiterated on Thursday. The changes will go into effect next year.One of many companies getting squeezed by rising commodity and shipping costs, Hershey hopes higher prices will offset those costs without scaring away customers.Hershey (HSY) first said that it would raise prices over the summer, citing rising operational costs. "Our new pricing approach is much more precise," said CEO Michele Buck at the time.Chief Financial Officer Patricia Little said on Thursday that Hershey started feeling the impact of higher freight and logistics last year."I don't expect that to change going forward into next year," she said.The company is doing more than just increase prices to drive growth.Hershey is investing in digital to keep impulse shopping alive online. It's also introduced new products like Hershey's Gold, a "caramelized creme" bar with pretzels and peanuts baked inside, and Reese's Outrageous, a peanut butter chocolate bar with Reese's candy inside.Next year, the company will introduce Reese's Thins, a 40% thinner Reese's peanut butter cup.Plus, the company has been scooping up healthier brands, including Pirate Brands, which makes Pirate's Booty, Smart Puffs and Original Tings.Last year, Hershey's bought Amplify Snack Brands, which makes SkinnyPop popcorn and Oatmega whey-protein bars, for .6 billion. Pirate Brands will operate within Amplify's hub in Austin, Texas.The acquisitions boosted sales in the third quarter. Sales increased by 2.9% in the three months that ended in September compared to the same period last year.The-CNN-Wire 1721
George H.W. Bush, the 41st President of the United States, died on Friday at the age of 94, his family announced late Friday. In a statement from former President George W. Bush reads: "Jeb, Neil, Marvin, Doro, and I are saddened to announce that after 94 remarkable years, our dear Dad has died. George H. W. Bush was a man of the highest character and the best dad a son or daughter could ask for. The entire Bush family is deeply grateful for 41’s life and love, for the compassion of those who have cared and prayed for Dad, and for the condolences of our friends and fellow citizens."The elder Bush served as president from 1989 to 1993, overseeing the United States' efforts in the Persian Gulf during Operation Desert Storm. 756
Here's what's happening in the world of politics Saturday, April 21, 2018.WaPo: Sessions threatened to resign if Rosenstein was fired-- Attorney General Jeff Sessions reportedly threatened to resign if President Trump fired Deputy Attorney General Rod Rosenstein, who oversees the Russia probe.Sessions reportedly told the White House he would have considered leaving if Trump had fired Rosenstein, though another source told the Post, that the comment was less a threat and more an attempt to convey his difficult position.CNN reported this month that the White House was preparing an effort to undermine Rosenstein.Read more. 665
GENEVA — The World Health Organization said European nations reported more than 700,000 new coronavirus cases last week — the highest-ever figure since the start of the pandemic.In a weekly briefing published Tuesday, WHO said weekly virus cases and deaths across Europe jumped by 34% and 16% respectively. Britain, France, Russia and Spain accounted for more than half of the new cases seen in the region.The organization noted that the number of new cases reported in Spain showed a “noticeable decline” in comparison to recent weeks. But in Poland, WHO said virus cases and deaths spiked by 93% and 104% respectively, and the government has tightened restrictions to try avoiding another lockdown.WHO Director-General Tedros Adhanom Ghebreyesus said this week that the agency understood the frustration people were feeling as the pandemic drags on but warned “there are no shortcuts and no silver bullets.”WHO described lockdowns a “last resort” when countries have no other options and urged officials to use more targeted methods to stop the virus. 1061
HAMPTON ROADS, Va. - A Virginia company is unveiling a brand new technology, with help from jellyfish, to help in the fight against COVID-19.“We're just pretty motivated by the fact that we're making an impact to open the economy, places back up safely,” Senseware CEO Dr. Serene Al-Momen told News 3.Senseware, a technology company based in northern Virginia, specializes in air monitoring.“We quickly realized that the primary concerns of transmissions are airborne transmission for the COVID-19 virus,” Al-Momen said.The technology the company is rolling out is a new pathogen-detecting monitoring system using specific antibodies and proteins from jellyfish that light up when coming in contact with COVID-19.“We're talking about having the results available within minutes, under five minutes,” she said. “If the virus is detected, we immediately in real-time with our cloud-based technology alert you. You see the threat, the detection on your phone. You get an email if you're an operator. You're able to quickly mitigate that issue.”Al-Momen told News 3 the product is in the final stages of third-party testing. She added they’re also looking throughout Virginia, including Hampton Roads, for beta testing sites, specifically healthcare and treatment centers.“This is creating a way to create a safer environment and begin to create that confidence in people to re-populate spaces,” she said.She said it's all about keeping people safe and giving them peace of mind.“Knowledge is power,” Al-Momen said. “When you're having that real-time, around the clock, monitoring of all aspects of air quality, it will create that confidence for people to know that there's that data available in real-time.”This story was first reported by Zak Dahlheimer at WTKR in Norfolk, Virginia. 1790