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Nutella-maker Ferrero to gobble up cereal giant Kellogg for $3.1 billion

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Nutella-maker Ferrero to gobble up cereal giant Kellogg for .1 billion

The Italian candy company Ferrero plans to buy the American cereal maker Kellogg for $3.1 billion, the companies announced Thursday. The deal would unite the makers of household brands including Nutella and Frosted Flakes.

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Brandon Bell/Getty Images (left photo) and Justin Sullivan/Getty Images (right photo)

American cereal giant Kellogg and Italian candy giant Ferrero have struck a sweet deal worth $3.1 billion.

Ferrero, the family-owned maker of Nutella, has agreed to buy the iconic American maker of Froot Loops and Frosted Flakes, combining two of the world’s most storied sweet brands.

“Joining Ferrero will provide WK Kellogg Co with greater resources and more flexibility to grow our iconic brands in this competitive and dynamic market,” WK Kellogg CEO Gary Pilnick said in a statement.

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Rapidly changing consumer habits are the context for this deal, as U.S. shoppers are increasingly either looking to store-brand snacks and cereals in search of a deal or reaching for heathier choices. Kellogg is also working to phase out artificial dyes from its products.

The company in May reported a decline in sales and lowered its financial forecast for the year. Its new deal with Ferrero will face reviews by Kellogg’s shareholders as well as federal regulators.

Ferrero was founded in Italy nearly 80 years ago and has lately been on a quest to expand its American reach. The company has bought ice cream company Wells Enterprises, known for Blue Bunny and Halo Top brands, in addition to Nestle’s American chocolate business, which includes Butterfinger and Raisinets.

“Over recent years, Ferrero has expanded its presence in North America, bringing together our well-known brands from around the world with local jewels rooted in the U.S. Today’s news is a key milestone in that journey,” Giovanni Ferrero, executive chairman of the Ferrero Group, said in a statement on Thursday.

Kellogg’s parent company first split about two years ago, spinning off its North American cereal business (with Rice Krispies and Kashi) into WK Kellogg. The other half, the snacking business (with Cheez-Its and Pop-Tarts), was last year sold to Virginia-based Mars (with M&Ms and Juicy Fruit) in a massive $30 billion deal.

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How young people feel about American identity, on the nation’s 250th birthday

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How young people feel about American identity, on the nation’s 250th birthday

As the nation marks the 250th anniversary of its founding, NPR asked students all around the country to reflect on the moment and to make podcasts about the American experience and what “life liberty and the pursuit of happiness” means to them.

We received more than 700 entries, including many conversations with immigrant parents, grandparents, aunts and uncles about why their family decided to move to the United States. Others scored high-profile interviews with veterans, government officials and even Gloria Steinem.

We listened to reenactments and retellings of histories like the Battle of Monmouth, the Stonewall riots, the Underground Railroad and a special presentation on President Theodore Roosevelt’s pets. Other podcasts take place in the present, including one in which students report on civics education in their school.

Our team chose a handful of winning entries and honorable mentions from fourth graders, middle and high schoolers. Here they are, in alphabetical order:

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Winners

Abridged
Students: Grace Kepka and Angelika Garrett, Montgomery Blair High School in Silver Spring, Md.
Teacher/Sponsor: Kyle Wannen

High schooler Grace lives in Takoma Park, Md., one of the handful of cities in the United States that allow 16 year olds to vote in all local elections. In her podcast with her friend Angelika, they discuss the power of the youth vote, and how voting rights encourage residents to learn about their government and be more politically active in their communities.

Civics in Our Schools
Students: Izabella Anthony, Benjamin Baigel, Bridget Castellon, Rile DeLeon, Maxwell Gibbs, Daniel Hernandez, Malcolm Johnson, Sylpa Kafle, Mason King, Kyle Li, Maximus Lin, Emmerson Quinn, Ariella Schoenfeld, Owenize Udevbulu and Dara Widzowski, Hewlett Elementary School in Hewlett, N.Y.
Teacher/Sponsor: Jaime Harrington

“Here’s the surprising truth. Many Americans, even grownups, don’t know the basics of how our country was founded or how our government works.” In Civics in Our Schools, a group of fifth graders voice their concerns about the lack of good civics education and discuss what they can do to be better citizens.

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Sunday Puzzle: Five plus two, two plus five

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Sunday Puzzle: Five plus two, two plus five

Sunday Puzzle

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Sunday Puzzle

On-air challenge

I’m going to give you two five-letter words. Add the same two letters at the end of the first one and the start of the second one, in each case to complete a familiar seven-letter word.

Ex. Later Ready –> LATERAL/ALREADY

1. Habit Tempt

2. Laten Press

3. Blank Ching

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4. Since Venue

5. Shack Groom

6. Surge Stage

Last week’s challenge

Last week’s challenge came from Rawson Sheinberg. of Plymouth, Mich. Think of a U.S. city with a two-word name. Add a letter to the first word, without rearranging letters, to name a country. Then, without adding a letter, rearrange the letters of the second word to name another country. What places are these?

Answer: Los Angeles –> Laos, Senegal

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Winner

Elaine Neel of Derby, Kansas.

This week’s challenge

Next weekend will be the 186th convention of the National Puzzler League, in Bloomington, Ind., which I’ll be attending as always. Two other people who will be there are Henri Picciotto and Joshua Kosman, who created this week’s challenge. Name two words that are opposites. They share a single letter. Remove that shared letter from each word, put a hyphen between the two starting words, and you’ll get a term you sometimes see in food ads. What are the two words?

If you know the answer to the challenge, submit it here by Thursday, July 9 at 3 p.m. ET. Listeners whose answers are selected win a chance to play the on-air puzzle. Important: include a phone number where we can reach you.

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But first, coffee: The drink that energized the American Revolution

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But first, coffee: The drink that energized the American Revolution

An illustration of the Boston Tea Party, when colonists dumped British East India Company tea into the harbor on Dec. 16, 1773. Some accounts say this marked a pivotal moment when Americans started loving coffee. But one historian says Americans were drinking lots of coffee before then.

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A consequential act of defiance secured tea’s place as perhaps the most iconic beverage of America’s colonial era.

The Boston Tea Party became an essential ingredient in the recipe for revolution in the following years.

But tea wasn’t the only hot beverage with a prominent role in America’s fight for independence.

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Coffee was an important part of American culture from the start. And coffeehouses were essential, too — serving as hubs for brewing ideas of independence.

As the United States celebrates 250 years, here’s what to know about America’s early history of coffee.

Colonists were drinking coffee long before the United States existed

Europeans brought coffee with them when they came to America.

“The first documented example of a mortar and pestle used to grind coffee beans was on the Mayflower” in 1620, says historian Michelle Craig McDonald, the author of Coffee Nation: How One Commodity Transformed the Early United States.

“The fact that coffee was present so early is not surprising if you think about it,” McDonald says. “A number of those who were on the Mayflower came to North America from Amsterdam, which was a major coffee trading center in Western Europe by the 17th century.”

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The first coffeehouse in the colonies opened in 1676 in Boston, a century before the U.S. declared independence, she says. Some taverns sold coffee even earlier.

The Boston Tea Party probably wasn’t the dramatic turning point toward coffee that some claim

On the night of Dec. 16, 1773, disgruntled colonists boarded three ships moored in Boston Harbor and threw overboard more than 92,000 pounds of tea owned by the British East India Company.

Tensions had been building between the Crown and the colonies over the previous decade, as Britain tried to levy taxes on its colonies to recoup war debts.

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