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Keurig Dr Pepper buys Peet’s for $18 billion and plans split into coffee and beverage companies

Keurig Dr Pepper buys Peet’s for $18 billion and plans split into coffee and beverage companies

NEW YORK (AP) — Less than a decade after their merger, Keurig and Dr Pepper plan to become separate companies again.

Keurig Dr Pepper said Monday it is buying the owner of Peet’s Coffee in an $18 billion (15.7 billion euro) . Then it will break itself in two, with one company selling coffee and the other selling cold beverages like Snapple, Dr Pepper, 7UP and energy drinks.

The agreement unwinds the 2018 merger of Keurig and Dr. Pepper. Shares of Keurig Dr Pepper fell 7% in early trading Monday.

Keurig Dr Pepper CEO Timothy Cofer said the separate coffee and beverage businesses would be more nimble and better able to focus on growth opportunities in their own markets.

“Following the separation, each stand-alone entity will lead its industry with a sharp strategic focus and with operating models that are finely calibrated to their unique categories and markets,” Cofer said Monday during a conference call with investors.

The combination with Peet’s parent JDE Peet’s, which is based in Amsterdam, significantly expands Keurig’s presence beyond North America, where it’s known for its single-serve coffee machines. JDE Peet’s owns the brands L’OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super and Moccona. read more

Expect health insurance prices to rise next year, brokers and experts say

Expect health insurance prices to rise next year, brokers and experts say

By TOM MURPHY, Associated Press Health Writer

Pricey prescriptions and nagging medical costs are swamping some insurers and employers now. Patients may start paying for it next year.

Health insurance will grow more expensive in many corners of the market in 2026, and coverage may shrink. That could leave patients paying more for doctor visits and dealing with prescription coverage changes.

Price increases could be especially stark in individual coverage marketplaces, where insurers also are predicting the federal government will end some support that helps people buy coverage.

“We’re in a period of uncertainty in every health insurance market right now, which is something we haven’t seen in a very long time,” said Larry Levitt, an executive vice president at the nonprofit KFF, which studies health care.

What’s hitting insurers

In conference calls to discuss recent earnings reports, insurers ticked off a list of rising costs: More people are receiving care. Visits to expensive emergency rooms are rising, as are claims for mental health treatments. read more

Powerful SpaceX Starship to try Monday for 10th test launch aiming to avoid recent failures

Powerful SpaceX Starship to try Monday for 10th test launch aiming to avoid recent failures

SpaceX has lined up its massive Starship and Super Heavy rocket for what would be its 10th suborbital test flight aiming to complete goals that have fallen short so far in 2025.

SpaceX stood down, though, from a Sunday night attempt to relaunch the most powerful rocket to ever make it to space “to allow time to troubleshoot an issue with ground systems,” the company stated. Propellant load on the Super Heavy booster had already begun before the scrub was called.

But the company will try again Monday to lift off from its Texas launch site Starbase during a one-hour window that opens from 7:30 p.m. EDT.

The first two launch attempts this year had explosive ends to its upper stage that painted the skies with destructive debris seen from Florida, the Bahamas and the Caribbean. A third launch had the upper stage lost over the Indian Ocean.

The booster at least has seen some success this year including the second ever catch at the launch site, and then a reflight of that booster. read more

Nearly 1 in 4 Americans have zero emergency savings — these under-the-radar strategies can help

Nearly 1 in 4 Americans have zero emergency savings — these under-the-radar strategies can help

By Lane Gillespie, Bankrate.com

Try as we might to avoid it, sudden, expensive emergencies can happen to anyone. A pet might need an unexpected vet visit, your car might need a replacement part or you may experience a layoff. That’s where emergency savings come in: By keeping a savings fund that you only use for emergencies, you can have peace of mind knowing you can tackle any big expense that comes your way.

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While keeping an emergency savings fund is important, if you’re working with a tight budget, it may not be easy for you to put aside a few thousand dollars. In fact, nearly a quarter (24%) of Americans say they have no emergency savings, according to Bankrate’s Emergency Savings Report. read more

SpaceX Dragon on way to space station with cargo, new reboost capability

SpaceX Dragon on way to space station with cargo, new reboost capability

A SpaceX Dragon spacecraft is headed for its 50th rendezvous with the International Space Station bringing cargo and a new reboost capability after having launched from the Space Coast early Sunday.

A Falcon 9 rocket lifted off from Cape Canaveral Space Force Station’s Space Launch Complex 40 at 2:45 a.m. on the CRS-33 mission, the 33rd resupply flight to the station with a spacecraft filled with more than 5,000 pounds of supplies.

The first-stage booster for the mission flew for the seventh time and made a recovery landing downrange on the droneship A Shortfall of Gravitas stationed in the Atlantic.

Unlike other flights, this Dragon will stay docked to the station for more than four months because of a newly installed ability to propel the station to higher altitudes.

Located in the trunk of the Dragon is an independent propellant system to fuel two Draco engines that will help sustain the lab’s altitude beginning in September and continuing through fall. This is a full demonstration, although the Dragon on CRS-31 in November 2024 did a smaller test of the capability. read more