PepsiCo will cut prices and drop nearly 20% of its products to boost value and growth after pressure from an activist investor.
Industry
Possible Jamie Dimon Successor Signals Higher Spending at JPMorgan Next Year
JPMorgan shares fall over 4% after executive Marianne Lake warns the bank will face higher-than-expected expenses next year.
SpaceX Plans Record-Breaking Public Offering, Raising Billions for Starlink Expansion
SpaceX aims to raise over $25 billion in a historic IPO to boost Starlink and expand new space-based technologies.
Target Bets on Protein, Supplements as Appetite-Suppressing Drugs Gain Popularity
Target expands protein and supplement offerings as appetite-suppressing weight-loss drugs change consumer habits.
Trump Allows Nvidia to Sell Faster Chips to China, But There's a Costly Catch
Nvidia can now sell its faster H200 chips to approved buyers in China under Trump's new rules, but a steep 25% tariff adds a major twist to the deal.
Latest News
Elon Musk lashes out after the EU fines X $140 million for breaking online safety rules.
Paramount Skydance says Warner Bros' lack of communication pushed it to launch a hostile $108.4 billion takeover bid.
Ben & Jerry's board chair refuses to resign as tensions with Unilever rise ahead of Magnum's public spinoff.
China approves 19 innovative drugs for commercial health insurance, opening new market opportunities for global and local drugmakers.
Amazon recalls several popular products after federal safety officials report risks of burns, choking, and dangerous magnet injuries.
American Airlines moves to receive all filings in Spirit's bankruptcy case as the struggling carrier explores possible merger or sale options.
X has clapped back against the European Commission by banning their ad account on the platform and calling them deceptive.
Micron is retiring the Crucial brand, ending budget SSDs and RAM kits, as AI-driven demand dictates the PC memory market worldwide.
NYC eateries are saying 'no free food' to influencers, rejecting demands for complimentary meals in exchange for posts as owners get wiser to the true cost of "exposure."
