Aug 30, 2018

Campbell Soup announces plan to slim down

Photo: Justin Sullivan/Getty Images

Campbell Soup Company will sell several brands, including two international units and its fresh-food business, in an effort to cut costs and focus on the North America market, the company announced on Thursday.

The big picture: The century-old soup company has had a rough year. Its packaged foods business has slumped, and CEO Denise Morrison abruptly stepped down after 15 years at the helm. Shares of Campbell fell in early trading Thursday — and, as the Wall Street Journal points out, selling select brands will likely not be enough to appease activist investor Dan Loeb, who has called for the company to sell itself.

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House warned of Russian effort to re-elect Trump

Russian President Vladimir Putin and President Trump meet at the G-20 summit in Osaka, Japan, last June. Photo: Susan Walsh/AP

The nation's top election-security official warned the House Intelligence Committee last week that Russia is interfering in the 2020 election to help President Trump get re-elected, continuing to attempt to sow discord among the American electorate, the AP reports.

Why it matters: The warning raises questions about the integrity of the presidential campaign and whether Trump's administration is taking the proper steps to combat the kind of interference that the U.S. saw in 2016.

U.S. and Taliban announce first step in Afghanistan peace process

Photo: Karim Jaafar/AFP/Getty Images

The State Department confirmed Friday morning the U.S. and Taliban have "reached an understanding" that starts a 7-day "reduction of violence" to be followed by a signed U.S.-Taliban agreement.

Why it matters: The Afghanistan war is the longest war in U.S. history. President Trump has previously pulled out of talks at the last minute, only to restart them.

Go deeperArrowUpdated 56 mins ago - World

Bloomberg's debate backfire could boost Bernie

Illustration: Aïda Amer/Axios. Photo: Ethan Miller/Getty Images

Mike Bloomberg got into the 2020 race to stop Bernie Sanders and socialism. If he doesn't bounce back from this week's debate, he may seal the deal for both.

Why it matters: Bloomberg’s own campaign has warned that Sanders could lock up the nomination in mere weeks, thanks to rivals spitting the opposition vote. But Bloomberg’s own spending makes it harder for other rivals to cut through — and virtually assures he sucks up significant delegates.