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After 20 Years, Ore-Ida – the Inventor of Tater Tots – Comes to Napoleon Dynamite’s Rescue with First-Ever, Tater Tot-Protecting Pants

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After 20 Years, Ore-Ida – the Inventor of Tater Tots – Comes to Napoleon Dynamite’s Rescue with First-Ever, Tater Tot-Protecting Pants
News

News

After 20 Years, Ore-Ida – the Inventor of Tater Tots – Comes to Napoleon Dynamite’s Rescue with First-Ever, Tater Tot-Protecting Pants

2024-06-17 18:00 Last Updated At:18:11

PITTSBURGH & CHICAGO--(BUSINESS WIRE)--Jun 17, 2024--

In 2004, the world first met one of the 2000s’ most iconic characters, Napoleon Dynamite, known for his love of Tater Tots. Fans watched as Napoleon snuck Tater Tots into class, only to have the school bully, Randy, yell the unforgettable line, “GIMME SOME OF YOUR TOTS,” and kick Napoleon’s pocket – crushing the crispy and fluffy snack. Now, 20 years later, the Ore-Ida brand – the inventor of Tater Tots – comes to Napoleon’s rescue with a first-of-its-kind solution: pants specifically designed to protect Tater Tots. Created in partnership with the film by Searchlight Pictures, the “Ore-Ida Tot-Protecting Pants” are now available nationwide for a limited-time only.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240617327248/en/

The innovative solution to safeguard Tater Tots pays homage to the joggers Napoleon wears in the film, now with a unique “tot pocket” – answering on real requests from lovers of the film. Inspired by Uncle Rico’s Nupont Fiber, each pair of pants boasts a stylish, dark gray, crocodile-print pattern and durable, food-safe pocket specially designed to protect Ore-Ida Tater Tots. Now everyone – even Napoleon himself – can indulge in delicious Ore-Ida Tater Tots at any time, without fear of crushing them.

“For over 70 years, Ore-Ida has prided itself on delivering crispy and fluffy potatoes every time,” says Jackie Britva, Senior Brand Manager for Ore-Ida at The Kraft Heinz Company. “With June marking the film’s 20 th anniversary, we knew it was the perfect time for Ore-Ida to solve Napoleon’s tot-tastrophe in a way only the inventor of Tater Tots could.”

To launch the Tot-Protecting Pants, Ore-Ida partnered with Searchlight and tapped Napoleon Dynamite himself – Jon Heder – to reprise his character. Modeling the pants in a new short film inspired by the original movie and directed by Aaron Ruell, who plays Kip Dynamite in the movie, Napoleon wistfully shares that he is still haunted by crushed Tater Tots – flashing back to the film’s iconic scene. Spoofing several beloved lines from the film, Napoleon goes on to tell the world that, lucky for him, Ore-Ida is coming to his (and his Tots’) rescue 20 years later.

“The character of Napoleon and myself share a lot of similar characteristics, such as drawing skills and mouth-breathing proficiency, but none so strong as our love of Tots,” says Jon Heder, actor and star of Napoleon Dynamite. “But when my Tots get crushed, a little part of my soul gets crushed as well. And that’s why I’m excited and proud to be a part of Ore-Ida’s movement to stop tot-crushing in its tracks – hopefully these pants keep everyone’s favorite potato nuggets safe, warm and flippin’ crispy.”

Napoleon Dynamite is currently available to stream on Hulu.

ABOUT THE KRAFT HEINZ COMPANY

We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2023 net sales of approximately $27 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn.

ABOUT SEARCHLIGHT PICTURES

Searchlight Pictures is a global specialty film and television company that develops, produces, finances and acquires motion pictures and series for both worldwide theatrical and streaming releases. It has its own marketing and distribution operations, and is part of The Walt Disney Studios, a division of The Walt Disney Company. Founded in 1994 as Fox Searchlight Pictures, the company’s titles have grossed over $5 billion worldwide, amassing 51 Academy Awards including five Best Picture winners since 2009: Slumdog Millionaire, 12 Years a Slave, Birdman, The Shape of Water, and Nomadland; 62 BAFTA Awards, 34 Golden Globe Awards, and 10 Grammy Awards. Searchlight Television, the division which develops and produces series for streaming, network, and cable partners, earned a Primetime Emmy Award for Best Actress and an additional 5 nominations for its first production “The Dropout'' from Elizabeth Meriwether, in partnership with Hulu and 20th Studios. Searchlight recently released Yorgos Lanthimos’ Golden Lion and 4-time Academy Award winner Poor Things, starring and produced by Emma Stone; Ned Benson’s The Greatest Hits starring Lucy Boynton, Justin H. Min, and Austin Crute; Laura Chinn’s Suncoast, which stars Laura Linney, Nico Parker, and Woody Harrelson, and won U.S. Dramatic Special Jury Award for Breakthrough Performance at Sundance; Andrew Haigh’s critically acclaimed romantic drama All of Us Strangers; Taika Waititi’s underdog comedy Next Goal Wins; Molly Gordon and Nick Lieberman’s award-winning Sundance debut feature comedy Theater Camp; and Eva Longoria’s Academy Award nominated Flamin’ Hot. Upcoming releases include Yorgos Lanthimos’ Kinds of Kindness starring Emma Stone, Jesse Plemons, Willem Dafoe; Tina Mabry’s The Supreme’s at Earl’s All-You-Can-Eat starring Uzo Aduba, Aunjanue Ellis-Taylor and Sanaa Lathan; A Real Pain, starring Jesse Eisenberg and Kieran Culkin, which won the Waldo Salt Screenwriting Award: U.S. Dramatic at Sundance; and Marielle Heller’s Nightbitch starring Amy Adams.

After 20 Years, Ore-Ida – the Inventor of Tater Tots – Comes to Napoleon Dynamite’s Rescue with First-Ever, Tater Tot-Protecting Pants (Photo: Business Wire)

After 20 Years, Ore-Ida – the Inventor of Tater Tots – Comes to Napoleon Dynamite’s Rescue with First-Ever, Tater Tot-Protecting Pants (Photo: Business Wire)

After 20 Years, Ore-Ida – the Inventor of Tater Tots – Comes to Napoleon Dynamite’s Rescue with First-Ever, Tater Tot-Protecting Pants (Photo: Business Wire)

After 20 Years, Ore-Ida – the Inventor of Tater Tots – Comes to Napoleon Dynamite’s Rescue with First-Ever, Tater Tot-Protecting Pants (Photo: Business Wire)

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Stock market today: Wall Street stalls as indexes drift near records

2024-12-13 01:36 Last Updated At:01:40

NEW YORK (AP) — U.S. stock indexes are drifting Thursday following some potentially discouraging data on the economy.

The S&P 500 slipped 0.2%, potentially on track for its third loss in the last four days. That would count as a stumble amid a big rally that’s carried the index toward the close of one of its best years of the millennium.

The Dow Jones Industrial Average fell 71 points, or 0.2%, as of 12:32 p.m. Eastern time, and the Nasdaq composite fell 0.3% from its record set the day before.

A report earlier in the morning said more U.S. workers applied for unemployment benefits last week than expected. A separate update, meanwhile, showed that inflation at the wholesale level, before it reaches U.S. consumers, was hotter last month than economists expected.

Neither report points to imminent disaster, but they tug at one of the hopes that’s driven the S&P 500 to 57 all-time highs so far this year: Inflation is slowing enough to convince the Federal Reserve to keep cutting interest rates, while the economy is remaining solid enough to stay out of a recession.

Of the two reports, the weaker update on the job market may be the bigger deal for the market, according to Chris Larkin, managing director, trading and investing, at E-Trade from Morgan Stanley. A surge in egg prices may have been behind the worse-than-expected inflation numbers.

“One week doesn’t negate what has been a relatively steady stream of solid labor market data, but the Fed is primed to be sensitive to any signs of a softening jobs picture,” he said.

Traders see it as a near-certainty that the Fed will cut its main interest rate at its meeting next week. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target.

Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation.

A cut next week would have the Fed following other central banks, which eased rates on Thursday. The European Central Bank cut rates by a quarter of a percentage point, as many investors expected, and the Swiss National Bank cut its policy rate by a steeper half of a percentage point.

Following its decision, Switzerland’s central bank pointed to uncertainty about how U.S. President-elect Donald Trump’s victory will affect economic policies, as well as about where politics in Europe is heading.

Trump has talked up tariffs and other policies that could upend global trade. He rang the bell marking the start of trading at the New York Stock Exchange on Thursday to chants of “USA.”

On Wall Street, Adobe fell 12.6% despite reporting stronger profit for the latest quarter than analysts expected. The company gave forecasts for profit and revenue in its upcoming fiscal year that fell a bit shy of analysts’.

Warner Bros. Discovery soared 14.6% after unveiling a new corporate structure that separates its streaming business and film studios from its traditional television business. CEO David Zaslav said the move "enhances our flexibility with potential future strategic opportunities,” raising speculation about a spinoff or sale.

Kroger rose 3.3% after saying it would get back to buying back its own stock now that its attempt to merge with Albertsons is off. Kroger’s board approved a program to repurchase up to $7.5 billion of its stock, replacing an existing $1 billion authorization.

In stock markets abroad, European indexes held relatively steady following the European Central Bank’s cut to rates.

Asian markets were stronger. Indexes rose 1.2% in Hong Kong and 0.8% in Shanghai as leaders met in Beijing to set economic plans and targets for the coming year.

South Korea’s Kospi rose 1.6% for its third straight gain of at least 1%, as it pulls back following last week’s political turmoil where its president briefly declared martial law.

In the bond market, the 10-year U.S. Treasury yield rose to 4.31% from 4.27% late Wednesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, rose to 4.17% from 4.16%.

AP Business Writers Matt Ott and Elaine Kurtenbach contributed.

President-elect Donald Trump, with Lynn Martin, President NYSE, center, and Melania Trump, right, is greeted by trader Peter Giacchi, as he walks the floor of the New York Stock Exchange, Thursday, Dec. 12, 2024, in New York. (AP Photo/Alex Brandon)

President-elect Donald Trump, with Lynn Martin, President NYSE, center, and Melania Trump, right, is greeted by trader Peter Giacchi, as he walks the floor of the New York Stock Exchange, Thursday, Dec. 12, 2024, in New York. (AP Photo/Alex Brandon)

President-elect Donald Trump, with Lynn Martin, President NYSE, center, Melania Trump, right and trader Peter Giacchi, left, walks the floor of the New York Stock Exchange, Thursday, Dec. 12, 2024, in New York. (AP Photo/Alex Brandon)

President-elect Donald Trump, with Lynn Martin, President NYSE, center, Melania Trump, right and trader Peter Giacchi, left, walks the floor of the New York Stock Exchange, Thursday, Dec. 12, 2024, in New York. (AP Photo/Alex Brandon)

People pass the New York Stock Exchange in New York's Financial District on Wednesday Dec.11, 2024. (AP Photo/Peter Morgan)

People pass the New York Stock Exchange in New York's Financial District on Wednesday Dec.11, 2024. (AP Photo/Peter Morgan)

A cover of Time magazine's person of the year, shows President-elect Donald Trump, before a ceremony at the New York Stock Exchange, Thursday, Dec. 12, 2024, in New York. (AP Photo/Alex Brandon)

A cover of Time magazine's person of the year, shows President-elect Donald Trump, before a ceremony at the New York Stock Exchange, Thursday, Dec. 12, 2024, in New York. (AP Photo/Alex Brandon)

People gather in front of the New York Stock Exchange in New York's Financial District on Tuesday, Dec. 10, 2024. (AP Photo/Peter Morgan)

People gather in front of the New York Stock Exchange in New York's Financial District on Tuesday, Dec. 10, 2024. (AP Photo/Peter Morgan)

Currency traders talk each others near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Dec. 12, 2024. (AP Photo/Lee Jin-man)

Currency traders talk each others near the screens showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at a foreign exchange dealing room in Seoul, South Korea, Thursday, Dec. 12, 2024. (AP Photo/Lee Jin-man)

A currency trader walks near the screens showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Thursday, Dec. 12, 2024. (AP Photo/Lee Jin-man)

A currency trader walks near the screens showing the foreign exchange rates at a foreign exchange dealing room in Seoul, South Korea, Thursday, Dec. 12, 2024. (AP Photo/Lee Jin-man)

Currency traders watch computer monitors near the screens showing the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Dec. 12, 2024. (AP Photo/Lee Jin-man)

Currency traders watch computer monitors near the screens showing the foreign exchange rate between U.S. dollar and South Korean won and the Korean Securities Dealers Automated Quotations (KOSDAQ) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Dec. 12, 2024. (AP Photo/Lee Jin-man)

A currency trader stands near the screen showing the Korea Composite Stock Price Index (KOSPI) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Dec. 12, 2024. (AP Photo/Lee Jin-man)

A currency trader stands near the screen showing the Korea Composite Stock Price Index (KOSPI) at a foreign exchange dealing room in Seoul, South Korea, Thursday, Dec. 12, 2024. (AP Photo/Lee Jin-man)

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