Page 22 - Sovos Brands News Today

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Wall Street experienced a bounce-back on Monday, with stocks closing notably higher following their most challenging week since March.

Sovos Brands founder and head Todd Lachman called the acquisition a “momentous occasion.”

"We're thrilled to add the most compelling growth story in the food industry and welcome the talented employees who have built a nearly $1 billion portfolio," Campbell's president said.

By Eva Rothenberg, CNN

EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.

The CNN Money Fear and Greed index showed an improvement in overall sentiment among U.S. investors on Monday. The Dow Jones added more than 400 points on Monday, as investors assessed more corporate earnings reports.

Campbell Soup says acquisition will boost sales while building on the Camden firm's strengths

The Campbell Soup Company is purchasing Sovos Brands, the parent company of Raos, a popular brand of pasta sauces in the US. The acquisition is totalled at approximately $2.7 billion,

Palantir swings to a profit, Tyson Foods to close more chicken plants, gasoline prices climb, and other news to start your day.