ADM trumpeted its nutrition and flavor business. Now the government’s investigating.

In late 2020, Archer-Daniels-Midland, one in all America’s oldest and most worthwhile meals firms, predicted prospects’ choice for meals with “vivid and thrilling” colours and “acquainted, nostalgic” flavors would “form the meals trade.” ADM appeared poised to capitalize. Over the subsequent few years, it bought two firms specializing in crafting tastes. One creates savory dairy...