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Pop tarts protein
(Kellanova)
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Pop-Tarts, Doritos, and Uncrustables have joined the protein craze taking over America’s snack aisle

Food giants are catching up with the latest diet obsession.

Hyunsoo Rim, David Crowther

If you thought coffee, popcorn, or beer were the last dominoes to fall in the race to protein-ify everything… think again. The rising (pep)tide has now come for Americas favorite toaster pastry.

On Tuesday, Kellanova, the maker of Pop-Tarts, Eggo waffles, and Pringles, said it’s rolling out a “Pop-Tarts Protein” range in early November. The new offering will come in its three classic flavors: strawberry, brown sugar cinnamon, and blueberry, each containing 10 grams of protein per serving.

The launch comes after PepsiCo teased high-protein Doritos just last week, and JM Smucker released a protein-packed version of its Uncrustables earlier this month. All are part of the wider rush from consumer packaged goods giants to reframe even their most processed snacks as healthy or functional, as the GLP-1 and wider fitness boom continue to affect our shopping and eating habits.

In the last couple of years, protein has even overtaken carbs in the diet discourse: Google search interest for “high protein” has surged ahead of that for “low carb,” which had long dominated diet trends before the pandemic.

According to Bain & Company’s April research, 44% of US consumers said they aim to eat more protein — up from 34% a year earlier and ahead of other trending foods surveyed, such as supplements and vitamins (36%), organics (29%), and unprocessed foods (15%). 

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Lucid climbs after Uber revealed to be its second-largest shareholder following recent investment

Shares of luxury EV maker Lucid are up more than 7% in premarket trading on Tuesday, following the release of a regulatory filing that revealed Uber is now its second-largest shareholder, trailing only Saudi Arabia’s PIF sovereign wealth fund.

The news follows an announcement earlier this month that Uber and Lucid would expand their robotaxi partnership from 20,000 planned vehicles to 35,000. Along with the expansion, Uber also said it would invest an additional $200 million into the EV maker.

Per Monday afternoon’s filing, it seems that investment pushed Uber’s ownership stake in Lucid to 11.52%.

Lucid’s stock is down 29% in April. It hit an all-time low of $6.75 on Monday ahead of the regulatory filing becoming public.

In a mark of just how painful the slide has been for Lucid shareholders, as of Monday, the company’s market cap had dropped to a quarter of the approximately $9.5 billion that Saudi Arabia’s PIF has sunk into it.

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