Danilo Gargiulo, Bernstein senior analyst, joins 'Squawk Box' to discuss reports that Starbucks explored a takeover of Chipotle, what a potential merger could look like, and more ... .
What Happened? ...SBUX) fell 2.3% in the afternoon session after Financial Times reported that the company evaluated a potential takeover proposal for Chipotle Mexican Grill with advisers over previous months ... ONE MORE THING ... The gap won’t last ... .
Starbucks is reportedly exploring a takeover of Chipotle, the FT reported ... The move would mark Starbucks CEOBrian Niccol's return to Chipotle, which he departed in 2024. A burrito with your coffee, anyone? ... ....
What Happened? ...SBUX) jumped 3.1% in the afternoon session after reports revealed it is developing in-house artificial intelligence (AI) tools to cut costs and reduce its reliance on software from vendors like Microsoft and IBM... ONE MORE THING ... .