Oscar Health shares rise 6.60% intraday after Kraft Heinz's split into two companies.

Oscar Health, Inc. rose 6.60% in intraday trading, with Kraft Heinz announcing a split into two companies, one focused on condiments and the other on grocery food brands like Oscar Mayer. This strategic move is expected to simplify management and increase stock prices, reflecting a broader trend in the food and beverage industry.