SUMMARY: McDonald’s is cutting prices on combo meals to attract customers deterred by rising fast food costs. Starting September 8, Extra Value Meals, including popular items like Big Mac or Egg McMuffin with sides and drinks, will cost about 15% less than ordering separately. Promotions include an $8 Big Mac meal and a $5 Sausage McMuffin meal, with slight regional price differences. Facing declining visits from lower-income consumers and criticism over high prices, McDonald’s aims to improve value perception amid a 40% menu price increase since 2019 due to higher labor and food costs. Competitors like Domino’s are also running promotions to boost sales.

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SUMMARY: Kraft Heinz plans to split into two companies by late 2026: Global Taste Elevation Co., including brands like Heinz and Kraft Mac & Cheese, and North American Grocery Co., housing Maxwell House and Oscar Mayer. The 2015 merger, backed by Warren Buffett and 3G Capital, aimed to leverage scale but struggled amid shifting consumer preferences toward healthier foods and competition from cheaper store brands. Despite cost-cutting, Kraft Heinz’s sales have declined since 2020. Buffett expressed disappointment over the split, which Berkshire Hathaway opposed. CEO Carlos Abrams-Rivera will lead North American Grocery Co., while a new CEO will be sought for Global Taste Elevation Co.

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SUMMARY: On September 1, notable historical events include the 1985 discovery of the Titanic wreck off Newfoundland by a U.S.-French expedition. In 1715, King Louis XIV of France died, succeeded by his great-grandson Louis XV. Boston opened North America’s first subway in 1897. The last passenger pigeon, Martha, died in 1914, marking the species’ extinction. In 1923, a deadly earthquake hit Tokyo and Yokohama, killing about 140,000. Nazi Germany invaded Poland in 1939, starting WWII. Other milestones include Masanori Murakami becoming the first Japanese MLB player in 1964, Gadhafi’s 1969 coup in Libya, and the tragic 2004 Beslan school siege.

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