Business & Markets — October 29, 2026

DoorDash to acquire Instacart. DoorDash will buy grocery-delivery company Instacart in a deal valuing it at roughly $17 billion, with an announcement expected as early as Thursday morning, sources told CNBC.

The transaction would bring together two of the largest names in U.S. delivery, combining DoorDash’s restaurant-focused network with Instacart’s grocery operation, according to CNBC. The outlet’s reporting is based on unnamed sources, and the companies have not formally confirmed the agreement, which CNBC said could be made public within a day.

CNBC Top News · Read more ↗

Peltz bids for Wendy’s. Activist investor Nelson Peltz made a buyout offer for Wendy’s, sending shares up 15%, as he pitches a $1.4 billion multiyear turnaround of the burger chain.

Peltz has a track record with consumer turnarounds, according to Inc., which notes he previously turned a $300 million investment in Snapple into $1.45 billion. The outlet characterizes Wendy’s as struggling, and the sharp rise in its shares suggests investors see value in the proposed buyout. His pitch frames the turnaround as a multiyear effort rather than a quick fix.

Inc. · Read more ↗

FTC probes surveillance pricing. The FTC ordered Delta, Walmart, and other major companies to detail how they use consumers’ personal data when setting prices, escalating scrutiny of so-called surveillance pricing.

AP News · Read more ↗