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Supermarket have been under pressure since Amazon completed its $13.7 billion acquisition of Whole Foods Market and subsequently lowered prices by as much at 43% on some products and scaled up its online offering.
U.S. stock futures point to a higher opening for Wall Street on Tuesday, as the Federal Reserve begins its two-day policy meeting.
Restaurant Brands CEO Daniel Schwartz revealed his admiration for Amazon CEO Jeff Bezos in a rare interview with TheStreet.