The latest news, trends, analysis, interviews and podcasts from the global food and beverage industry

ADM has agreed to pay $40 million to settle a US Securities and Exchange Commission investigation into how it reported sales between business units.

FoodNerd, a Buffalo-based food startup focused on nutrient-dense snacks for toddlers, has closed a $7.5 million Series Seed round led by Selva Ventures.

The launches include new take-home cartons, ice cream bars and mini formats, led by a Dark Cherry Truffle tub and Cherry Dark Chocolate bars.

A former Mars risk manager has been jailed for over five years after defrauding the confectionery group of $28m via export credits and weak internal controls.

2nd Nature, the developer of the AgWaste Portal intelligent upcycling platform, has announced the launch of its first portfolio of AI-discovered functional ingredients.

Conagra said the reformulation delivers up to 70% less saturated fat than dairy butter while also adding functional nutritional benefits.

Smithfield Foods will acquire US-based hot dog maker Nathan’s Famous in an all-cash deal valued at approximately $450 million.

The new products – including wing sauces, dips and squeeze formats – will roll out nationally in the coming weeks, ahead of the Super Bowl.

Coco5, the coconut water brand backed by professional athletes, including basketball players Devin Booker and Charles Barkley, has closed a $10 million funding round as it looks to broaden its footprint beyond the traditional sports drink aisle.