Lows

...and who's down

Snacks / Monday, January 13, 2020

Like OPEC, but for chocolate... The Ivory Coast and Ghana combined produce over 60% of Earth's cocoa. Now they're teaming up cartel-style (we're calling it "CHOPEC") to jack up the chocolate ingredient's price 16% by October to boost farmer pay. Hershey, M&Ms-maker Mars, and Oreo-making Mondelez already see cocoa processing prices rising — investors are wondering if/when they'll pass that cost on to you, us, and the Halloween candy bowl.

Aaaand more problems... for Boeing, which released damning internal emails for the Congressional investigation into the flawed 737 Max plane. Boeing employees forgot Mom's advice that almost nothing on the internet is private, describing the plane as "designed by clowns," "supervised by monkeys" via email. They also referenced concealing problems in order to snag FAA approval, and not wanting to put their families on a MAX simulator trained aircraft.

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