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Stock impact report

Hot Dog Chain Sends MAGA Into Total Meltdown [Yahoo! Finance]

Nathan's Famous, Inc. (NATH) 
Company Research Source: Yahoo! Finance
Smithfield Foods is an American-based subsidiary of WH Group, a Chinese multinational pork company. It was founded in Virginia in 1936. Smithfield bought Nathan's Famous, known for its annual July 4 Hot Dog Eating Contest, for $450 million in cash. MAGA acolytes took to X to rage about the move, bemoaning the so-called loss of an American brand to a Chinese company. Numerous conservatives replied to and reshared an X post , which received over 670,000 views, from a woman criticizing the move. “Guess who owns Smithfield Foods? China,” the post said. “A Chinese company owning an American icon. This is not right. China should not be owning anything in America.” The X user also suggested the possibility of China “poisoning our food supply” in the replies of her post. New York Republican congresswoman Elise Stefanik, who recently announced her exit from politics, responded to the news by warning about “Communist China,” taking over the U.S. food supply. “We cannot continue to al Show less Read more
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