Trump Rebuffs Iran Ceasefire; Senate GOP Look To Fund Tax Cuts
US equity futures drop and oil prices rise, erasing a loss earlier in the week and returning to the levels reached in the wake of Israel's strike against Iran. The conflict continues as President Trump arrives back in the US after leaving the G-7 summit in Canada early. Trump denies engaging Tehran in negotiations. Senate Republicans propose more aggressive cuts than Representatives in the House as they look to fund tax cuts. Mark Dowding of RBC Bluebay says the market is struggling to price in the multiple scenarios playing out on the geopolitical and economic landscape. Governor Glenn Youngkin of Virginia says he's supportive of President Trump's position of pursuing fair trade. Torsten Slok of Apollo says the Fed is in a tricky position ahead of their meeting this week as rising oil prices fuel inflation fears. 'Bloomberg Brief' delivers the market news, data and analysis you need to set your agenda. (Source: Bloomberg)
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Forbes
25 minutes ago
- Forbes
Molly Baz's Ayoh! Sauces Enter Whole Foods Market For Its First National Retail Partner
Ayoh! Foods cofounder chef Molly Baz Ayoh! Foods Seven short months of globbing onto countless sandwiches, and now one of the most notable CPG launches of the past year is making its strongest squeeze yet. Ayoh! Foods, the flavor-focused condiment company from chef Molly Baz, enters Whole Foods Market stores nationwide. '[Ayoh!] is a colossal project,' Baz tells me. 'I am so grateful that people are chasing the product, recognizing its quality, and helping us get there so quickly.' Ayoh! Foods also reveals that it has raised a $4.5 million seed round, $3.3 million of which is new cash, led by Imaginary Ventures. In addition to its Dill Pickle, Hot Giardinayo and Tango Dijonayo varieties, Ayoh! will launch its flavored products on Whole Foods shelves with an exclusive flavor to the natural grocer, a brand new umami-rich flavor. 'I saw a white space in the marketplace,' Baz adds. 'I am committed to solving problems in the food industry and delivering deliciousness at all costs.' Molly Baz Ayoh! Foods Sandwich Shop To Countertop Jeff Mauro better make some room on the throne, because Baz keeps a close eye on each and every sandwich accoutrement possible. The venture for her particularly started during the pandemic. 'I became very sandwich obsessed,' she says. On her social media accounts, she's practically made condiments her entire personality, even starting a sandwich podcast where she would dissect the necessary minutia of the likes of tuna melts, BLTs and PB&Js. Ayoh! Hot Giardinayo sando sauce Ayoh! Foods From a Philly cheesesteak to a Chicago hoagie to a reuben at a New York deli, there's personal pride in each corner of the country that makes people feel at home with their sandwich of choice. Ayoh! capitalizes on that. 'I'm a huge fan of Chicago style giardiniera,' Baz says about her inspiration behind her punchy pepper Hot Giardinayo sauce. 'When I stir this giardiniera into the mayo, all of a sudden the mayo becomes so much more dynamic.' Ayoh! is a practical extension of those beloved staples. 'We're really trying to bring that sandwich shop to countertop moment at home,' says Ayoh! Foods cofounder and CEO David McCormick. That intention that the brand was founded on is working in real time. Baz has found that Ayoh! customers are not only using it in their homemade sandwiches, but they're bringing their deli-bought sandwiches home so that they can specifically squeeze Ayoh! onto it. 'For me,' she says, 'that's the ultimate success story of Ayoh!' Not Just Another Celebrity Brand Her pulsecheck that there was a vacuum specifically in 'dialed up, super bold-flavored, textured sando sauces,' as Baz puts it, seems to have been accurate, because consumers from the coasts to middle America are making it a staple in their homes. 'We sold out four months worth of inventory in two weeks,' says McCormick. 'It was almost 100,000 pounds of Mayo.' More than 170,000 bottles of Ayoh! have been sold since launch. Ayoh! Tangy Dijonayo sando sauce Ayoh! Foods And Ayoh! has proven that it's not some coastal craze. 'Early indicators when we launched showed there's plenty of momentum in the Midwest…that's really important to us,' McCormick says. 'We'll win the day if we can actually be just as popular in Ohio, Indiana, Tennessee. The great thing is there's a lot of affinity for mayo throughout the US.' That's something rarely seen in celebrity brands, but Baz and McCormick have managed to unlock genuine authenticity. 'Nobody sat down in a room and looked at categories and thought about the gaps…Molly was like, 'some people I know make boring sandwiches.' It's just that easy.' Ayoh's timely resonance also allowed the brand to raise a relatively quick seed round, the capital of which will go towards expanding the Ayoh! team, broadening brand presence, and facilitating wider distribution. '[Imaginary Ventures has] Flavor And Format While Ayoh! sells an original mayo, it will not be present on Whole Foods shelves, which already has a substantial assortment of original mayos. The flavors are at the core of the brand, and as Whole Foods Market's category merchant for shelf-stable condiments Juliana Bandin tells me, the retailer does not see any direct competitors. 'It fills a need for our shelves,' she says. [Flavored mayo] 'We are seeing double-digit growth since our most recent reset in March,' she adds. 'Brand launches like Ayoh! are going to help us continue the momentum.' That momentum includes a brand new flavor in the Ayoh! lineup, which Baz calls a sweet and salty 'umami bomb.' It will be exclusive to Whole Foods through September. Ayoh! Dill Pickle Mayo sando sauce Ayoh! Foods Between the squeezable, convenient format and flavors like Dill Pickle, Baz and McCormick have created a product that glides with the pace of culture. '[The Dill Pickle flavor] has this paradoxical moment of something that's so funky and strange, but also so certainly has clout and its own cult following,' McCormick says. 'We don't take ourselves too seriously.' Whole Foods Market has a keen finger on that same pulse, and it resonated with the grocer too–format now becoming a priority for the products they start to carry. 'I don't think the jar would have done it justice,' Bandin says. '[Whole Foods is] seeing growth substantially in dipping sauces…Going forward, that's going to be really big, but again that is for squeeze bottles. It all kind of ties back together to that same trend' Ayoh!'s presence thus far has been limited to d2c, Amazon, and several hundred independent grocers. 'D2C has been tremendous,' McCormick says. 'We sold out four months worth of inventory in two weeks. It was almost 100,000 pounds of mayo…people will buy mayo online, much to my surprise,' McCormick says. The strategy here was to first activate Baz's fanbase before those who may not know her would discover it during a grocery outing. It's a homecoming of sorts for McCormick as well; he started his career at Whole Foods at the store level and worked his way up to become Grocery Director in the Rocky Mountain region. 'I couldn't think of a more meaningful, fun place to bring that completely full circle,' he says. He and Baz even met through a mutual friend from Whole Foods before starting Ayoh! together. The line of sando sauces is just the first of many that Ayoh! plans to penetrate the breadth of grocery stores with. 'Right now, Ayoh! is synonymous with our mayonnaises, but I think that there's a really bright, big ecosystem of food products that we build,' Baz says. 'I'm hoping that Ayoh's future looks like Heinz or Kraft Foods.'
Yahoo
25 minutes ago
- Yahoo
Why TMC The Metals Company Rallied 29% Today
TMC The Metals Company rallied on the back of a new equity investment. The big investment in the deep-sea mining start-up comes from a Korean refiner. The investment seems to have to incrementally validated the company's technology and strategy. 10 stocks we like better than TMC The Metals Company › Shares of TMC The Metals Company (NASDAQ: TMC) rallied more than 29% on Monday as of market close. TMC garnered attention back in May when The Wall Street Journal highlighted the company's opportunity to mine the sea floor in the Pacific Ocean, after the Trump administration directed the National Oceanic and Atmospheric Administration (NOAA) to grant permits opening up those areas for development. Today, TMC got a significant equity investment from a Korean refining company, seemingly validating the company's opportunity. Today, TMC announced that Korea refinery Korea Zinc will invest $85.2 million in the company, good for a 5% stake of 19.6 million shares valuing the company at $4.34 per share, while also receiving warrants to buy another 6.9 million shares at $7. In a press release, TMC noted that Korea Zinc's technology is uniquely positioned to refine the "nodule-derived" metals that TMC's technology can extract from the sea floor. That perhaps explains the tie-up, along with Korea Zinc's likely belief in the opportunity for deep sea mining. The May WSJ article noted there was a potential $20 trillion addressable market for deep sea-mined metals. TMC only had a few million dollars in cash at the end of the March quarter, but received a $37 million investment from a strategic investor since then, and has now brought in another $85.2 million. That should help fund the company's operations for at least a year and maybe more, which could perhaps lead to commercial operations. However, investors should keep in mind this is a speculative pre-revenue company, and should be viewed as a high-risk lottery ticket today. That being said, there has been a lot of good news about this lottery ticket over the past two months. Before you buy stock in TMC The Metals Company, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and TMC The Metals Company wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why TMC The Metals Company Rallied 29% Today was originally published by The Motley Fool
Washington Post
26 minutes ago
- Washington Post
NAACP files intent to sue Elon Musk's xAI company over supercomputer air pollution
MEMPHIS, Tenn. — The NAACP filed an intent to sue Elon Musk's artificial intelligence company xAI on Tuesday over concerns about air pollution generated by a supercomputer near predominantly Black communities in Memphis. The xAI data center began operating last year, powered by pollution-emitting gas turbines, without first applying for a permit. Officials have said an exemption allowed them to operate for up to 364 days without a permit, but Southern Environmental Law Center attorney Patrick Anderson said at a news conference that there is no such exemption for turbines — and that regardless, it has now been more than 364 days.
