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PepsiCo Inc. is on course to take over as the biggest U.S. beverage company by market value, supplanting rival Coca-Cola Co., according to Wall Street analysts.

After a drop in merger and acquisition activity, analysts believe the market has turned a corner. Driven by uncertain economic conditions earlier this year, M&A has now started a rebound.

Forward Air has filed a counterclaim against Omni Logistics in response to a lawsuit Omni filed alleging that Forward has not followed through on a planned merger between the companies.

Honda Motor Co. will hike the pay of some U.S. employees by 11% following the United Auto Workers’ contract victories at its unionized Detroit competitors, according to a company memo.

Goodyear posted a loss in the third quarter on the back of weak conditions in its truck business, a fire at a Polish factory and an ongoing reorganization, the tire maker said.

Westport Fuel Systems expects definitive agreements for its high-pressure gas-injection fuel system joint venture with Volvo Group to be signed by the end of January, executives said.

An unmanned cargo vehicle operated by Swedish startup Einride has begun transporting goods on a regular basis for GE Appliances at a private site in Selmer, Tenn., the companies announced.

Hyliion Holdings Corp. plans to exit the Class 8 electric powertrain business, the company said Nov. 8, less than a month after beginning a strategic review of its options for the unit.

BELVIDERE, Ill. — President Joe Biden put on a red United Auto Workers shirt on Nov. 9 as he celebrated a labor deal that will prevent Belvidere’s Stellantis plant from closing.

Hyzon Motors plans to begin testing the next generation of its Class 8 hydrogen fuel cell electric trucks with U.S. customers in the first quarter of 2024.