Nestle pays $7.2 billion to sell Starbucks products

The markets extended its gains during the midday with the Dow leaping 166 points to 24,428. Nasdaq jumped 73 points to 7282.

Nestle has acquired the global rights to sell Starbucks products for $7.15 billion in cash. The Swiss food giant has struggled to expand its Nespresso and Nescafe presence in the United States. The deal will increase Nestle's revenue by $2 billion annually.

Epic Games' popular Fortnite video game will feature a limited time mashup with Avengers Infinity War villain Thanos. Players will be able to use the Infinity Gauntlet to become Thanos in a special version of the Battle Royale mode. The new mode will be available for free beginning tomorrow on all platforms including console, mobile and PC.

Nissan will begin to decrease production and sales of diesel cars in Europe as demand wanes. No new diesel powered passenger cars will be introduced beginning in 2012 while a diesel option will still be available for commercial trucks and pickup trucks. France has said that sales of diesel and petrol cars will be banned beginning in 2040.

In the broad market, advancing issues outpaced decliners by a margin of more than 7 to 3 on the NYSE and by nearly 7 to 3 on Nasdaq. The broader S&P 500 climbed 17 points to 2,680. Bitcoin tumbled $127 to $9,374.

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