Skip to main contentYou have permission to edit this article.EditHomeSearchNewsCoronavirusWeatherSportsFeaturesVideoWatchContactNew York (CNN) — Snack and beverage maker PepsiCo has so far seen “negligible” impact on its business from drugs used for weight loss or diabetes, CEO Ramon Laguarta said during an analyst call Tuesday.Still, he said, the company is keeping an eye on them: “We’re observing the growth of these new drugs and its potential impact.”Some food analysts have warned that long-term adoption of semaglutide drugs like Ozempic and Wegovy, which generally work by suppressing...…Skip to main contentYou have permission to edit this article.EditHomeSearchNewsCoronavirusWeatherSportsFeaturesVideoWatchContactNew York (CNN) — Snack and beverage maker PepsiCo has so far seen “negligible” impact on its business from drugs used for weight loss or diabetes, CEO Ramon Laguarta said during an analyst call Tuesday.Still, he said, the company is keeping an eye on them: “We’re observing the growth of these new drugs and its potential impact.”Some food analysts have warned that long-term adoption of semaglutide drugs like Ozempic and Wegovy, which generally work by suppressing...WW…

New York (CNN Business)Coca-Cola is shutting down the juice and smoothie brand Odwalla at the end of July. The company made the call "given a rapidly shifting marketplace and despite every effort to support continued production," John Hackett, president of Minute Maid business unit, which includes the company's juice brands, said in a statement emailed to CNN Business. "This decision was not made lightly," he added. Coca-Cola acquired Odwalla in 2001. It has been assessing Odwalla's business for the last several years, according to a company spokesperson, who added that the decision to...…New York (CNN Business)Coca-Cola is shutting down the juice and smoothie brand Odwalla at the end of July. The company made the call "given a rapidly shifting marketplace and despite every effort to support continued production," John Hackett, president of Minute Maid business unit, which includes the company's juice brands, said in a statement emailed to CNN Business. "This decision was not made lightly," he added. Coca-Cola acquired Odwalla in 2001. It has been assessing Odwalla's business for the last several years, according to a company spokesperson, who added that the decision to...WW…

MarketsFeaturedFear & Greed IndexLatestBy and , CNNLink Copied!Ad Feedback — Ousted McDonald’s CEO Steve Easterbrook lied to the board about the extent of his relationships with employees, the company alleged in a new lawsuit. He misled investigators about engaging in physical sexual relationships with three employees in the year before his ouster, according to the documents.Now, McDonald’s is suing Easterbrook for the amount of his exit package: about $40 million.The company . At the time, McDonald’s board said the executive had violated company policy and “demonstrated poor...…MarketsFeaturedFear & Greed IndexLatestBy and , CNNLink Copied!Ad Feedback — Ousted McDonald’s CEO Steve Easterbrook lied to the board about the extent of his relationships with employees, the company alleged in a new lawsuit. He misled investigators about engaging in physical sexual relationships with three employees in the year before his ouster, according to the documents.Now, McDonald’s is suing Easterbrook for the amount of his exit package: about $40 million.The company . At the time, McDonald’s board said the executive had violated company policy and “demonstrated poor...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — KFC is launching a plant-based version of its fried chicken in about 50 locations in Los Angeles, Orange County and San Diego next week.The chain has already served the faux chicken version of its product, which is made by Beyond Meat. KFC for one day last summer, and then it served the product for a limited time in Nashville and Charlotte this past winter.The current version will be available in California while supplies last. KFC plans to monitor the results of this test to determine whether to...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — KFC is launching a plant-based version of its fried chicken in about 50 locations in Los Angeles, Orange County and San Diego next week.The chain has already served the faux chicken version of its product, which is made by Beyond Meat. KFC for one day last summer, and then it served the product for a limited time in Nashville and Charlotte this past winter.The current version will be available in California while supplies last. KFC plans to monitor the results of this test to determine whether to...WW…

New York (CNN Business)The slowdown at from the coronavirus pandemic has led to a new wave of panic-shopping at supermarkets. Some grocery stores are now imposing limits on meat purchases to prevent barren refrigerator displays. , this country's largest supermarket chain, said it is adding purchase limits on ground beef and fresh pork in some stores. Other large grocers say they expect to be out of stock on different types of cuts very soon.In recent weeks, top meat suppliers have announced temporary closures as their workers fall ill with coronavirus. The United Food and Commercial Workers...…New York (CNN Business)The slowdown at from the coronavirus pandemic has led to a new wave of panic-shopping at supermarkets. Some grocery stores are now imposing limits on meat purchases to prevent barren refrigerator displays. , this country's largest supermarket chain, said it is adding purchase limits on ground beef and fresh pork in some stores. Other large grocers say they expect to be out of stock on different types of cuts very soon.In recent weeks, top meat suppliers have announced temporary closures as their workers fall ill with coronavirus. The United Food and Commercial Workers...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — 7-Eleven wants to get in on the growing popularity of fast food drive-thrus. So it’s opening one for its taco restaurant.The convenience store chain said Tuesday that it is opening a Laredo Taco location with a drive-thru in Dallas. Typically, Laredo Taco locations can be found in 7-Eleven stores themselves. This is the first drive-thru for the taco chain, as well as the first drive-thru at a corporate-owned 7-Eleven store. Customers can order Slurpees in addition to items from the Laredo Taco...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — 7-Eleven wants to get in on the growing popularity of fast food drive-thrus. So it’s opening one for its taco restaurant.The convenience store chain said Tuesday that it is opening a Laredo Taco location with a drive-thru in Dallas. Typically, Laredo Taco locations can be found in 7-Eleven stores themselves. This is the first drive-thru for the taco chain, as well as the first drive-thru at a corporate-owned 7-Eleven store. Customers can order Slurpees in addition to items from the Laredo Taco...WW…

New York (CNN Business)Starbucks shareholders voted against the company's CEO pay proposal in a rare move that may indicate some shareholders think the chief executive is overpaid.The news was first reported following Starbucks' annual shareholder meeting. Starbucks confirmed the results of the vote to CNN Business. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to keep Johnson in the position through fiscal year 2022, according to Starbucks' proxy statement. "The board unanimously supported the...…New York (CNN Business)Starbucks shareholders voted against the company's CEO pay proposal in a rare move that may indicate some shareholders think the chief executive is overpaid.The news was first reported following Starbucks' annual shareholder meeting. Starbucks confirmed the results of the vote to CNN Business. Starbucks CEO Kevin Johnson earned a $1.86 million bonus in fiscal year 2020 in addition to a larger retention award, designed to keep Johnson in the position through fiscal year 2022, according to Starbucks' proxy statement. "The board unanimously supported the...WW…

New York (CNN Business)McDonald's will tie executive pay to diversity goals and aim to hit gender parity in management by the end of 2030 as the company tries to overhaul its workplace culture. CEO Chris Kempczinski described the new goals in a letter sent to employees Thursday. The company aims to increase the percentage of women in the roles of senior director and above from 37% to 45% globally by the end of 2025. It also wants to up the percentage of historically underrepresented groups in those positions from 29% to 35% by the end of 2025. "We're serious about holding ourselves and our...…New York (CNN Business)McDonald's will tie executive pay to diversity goals and aim to hit gender parity in management by the end of 2030 as the company tries to overhaul its workplace culture. CEO Chris Kempczinski described the new goals in a letter sent to employees Thursday. The company aims to increase the percentage of women in the roles of senior director and above from 37% to 45% globally by the end of 2025. It also wants to up the percentage of historically underrepresented groups in those positions from 29% to 35% by the end of 2025. "We're serious about holding ourselves and our...WW…

New York (CNN Business)Tyson supervisors at a in Waterloo, Iowa took bets on how many workers would get infected with Covid-19, even as they took measures to protect themselves and denied knowledge of the spread of the illness at work, according to new allegations in a lawsuit against the company and some employees. The wrongful death suit was originally filed this summer by Oscar Fernandez, whose father Isidro Fernandez died in April due to complications from Covid-19. Fernandez had worked at Tyson's Waterloo, Iowa facility, the company's largest pork processing plant, before he died. The...…New York (CNN Business)Tyson supervisors at a in Waterloo, Iowa took bets on how many workers would get infected with Covid-19, even as they took measures to protect themselves and denied knowledge of the spread of the illness at work, according to new allegations in a lawsuit against the company and some employees. The wrongful death suit was originally filed this summer by Oscar Fernandez, whose father Isidro Fernandez died in April due to complications from Covid-19. Fernandez had worked at Tyson's Waterloo, Iowa facility, the company's largest pork processing plant, before he died. The...WW…

MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Dunkin’ is being acquired in an $11.3 billion deal.Inspire Brands, a holding company backed by the Roark Capital Group, a private equity firm, is purchasing Dunkin’, which also owns Baskin-Robbins. Inspire already owns 11,000 Arby’s, Buffalo Wild Wings, Sonic, Jimmy John’s and other restaurants.Inspire, which will take on Dunkin’s debt in the deal, plans to acquire outstanding Dunkin’ shares at $106.50 apiece. The stock was priced at $99.71 per share when the market closed on Friday.Dunkin’ and...…MarketsFeaturedFear & Greed IndexLatestBy , CNN BusinessLink Copied!Ad Feedback — Dunkin’ is being acquired in an $11.3 billion deal.Inspire Brands, a holding company backed by the Roark Capital Group, a private equity firm, is purchasing Dunkin’, which also owns Baskin-Robbins. Inspire already owns 11,000 Arby’s, Buffalo Wild Wings, Sonic, Jimmy John’s and other restaurants.Inspire, which will take on Dunkin’s debt in the deal, plans to acquire outstanding Dunkin’ shares at $106.50 apiece. The stock was priced at $99.71 per share when the market closed on Friday.Dunkin’ and...WW…