The Rundown
The Rundown

Delta Taps Amazon for Wi-Fi, McCormick Buys Unilever’s Food Business for $45 Billion

March 31, 2026

AI Summary

5 min read

Delta Airlines announced a deal to equip 500 planes with Amazon's Leo satellite internet starting in 2028, promising speeds three to five times faster than current airline Wi-Fi—enough for 4K video streaming. This helps Amazon challenge SpaceX's Starlink, which dominates with deals at United, Southwest, and others, backed by thousands of satellites. Delta already relies on Amazon Web Services for operations, and CEO Ed Bastian envisions deeper ties, like personalized in-flight content, potentially including Amazon Prime Video on seatback screens.

Markets dipped Monday, with the S&P 500 down 0.4% and Nasdaq off 0.7%, ending a streak of gains every Monday since the Iran war began. The shift ties to fading trust in weekend headlines amid closed Strait of Hormuz, pushing oil higher: Brent at $116/barrel, WTI above $100 for the first time since 2022. National gas prices topped $4/gallon, up over a dollar in a month, raising risks of demand destruction as consumers and businesses cut energy use. Reports note global energy emergencies, with uncertainty over reopening Hormuz—even a Wall Street Journal piece suggests Trump might end the war without it.

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What you'll learn

  • 1 (00:38) **Market Overview** - Stocks mixed with S&P 500 down 0.4%, Nasdaq down 0.7%, Dow up 0.1%; Monday winning streak ends amid war uncertainty
  • 2 (01:14) **Oil Prices Surge** - Brent at $116/barrel, WTI above $100 first time since 2022 due to closed Strait of Hormuz
  • 3 (01:47) **Gas Prices Hit $4/Gallon** - National average up over $1 in a month, raising demand destruction fears
  • 4 (02:29) **Delta Partners with Amazon for Wi-Fi** - Deal brings Leo satellite internet to 500 planes by 2028, 3-5x faster speeds for 4K streaming
  • 5 (04:11) **McCormick Buys Unilever Food Unit** - $45B deal adds Hellmann's Mayo, Knorr; Unilever pivots to health/beauty
  • 6 (05:52) **Eli Lilly Acquires Contessa** - Up to $7.8B for UK biotech's sleep disorder drugs in mid-stage trials
  • 7 (07:01) **NVIDIA Invests in Marvell** - $2B stake boosts AI ecosystem integration; Marvell up 9%

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Show Notes

Market update for Tuesday March 31, 2026

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In today’s episode:

  • Delta tapped Amazon’s Leo satellite service for in-flight Wi-Fi

  • McCormick struck a deal to buy most of Unilever’s food business for $45 billion

  • Eli Lilly agreed to buy Centessa in a deal worth up to $7.8 billion

  • Nvidia takes a $2 billion stake in Marvell

  • Constellation Energy shares fell after investors were left waiting for a major new AI power deal announcement

  • Allbirds is being sold for just $39 million


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