°®¶¹´«Ã½

PepsiCo has worked to overhaul its portfolio of brands since Elliott announced a roughly $4 billion stake in September and called on the company to review and streamline its snack offerings

The soft drink maker is limited by the U.S. supply of cane sugar and its ability to ramp up production in glass bottles, CFO John Murphy said.

Following the breakup, one company will be made up of its Heinz Ketchup and other iconic condiments and boxed meals — a unit that currently generates $15.4 billion in sales.

Mondelez International posted quarterly results that topped estimates but reiterated its annual outlook.

President Donald Trump said in a Truth Social post that Coca-Cola Co. has agreed to use cane sugar in Coke beverages sold in the U.S.