American multinational food and beverage giant
Presley Gerber, son of Cindy Crawford and Rande Gerber, has died at a rehab facility in Los Angeles. The Los Angeles County Medical Examiner has not disclosed a cause of death. Presley had publicly discussed mental health and addiction struggles, and his family has asked for privacy during this difficult time.
Companies are reviewing coverage for GLP-1 weight-loss drugs as costs rise. Some have already trimmed benefits, while others cite long-term employee health benefits as a reason to maintain or adjust coverage. The trend could raise healthcare costs for employers and influence benefits strategies.
Tesla has officially opened high-volume production of the Semi in Sparks, Nevada, with a plan to build up to 50,000 trucks a year. The event showcases new design changes, a charging network, and cost considerations as diesel prices rise and fleets eye emissions reductions. CEO Elon Musk is attending a state dinner abroad, while executives highlight lowered battery weight and improved efficiency.
PepsiCo has initiated a class II recall after undeclared Yellow No. 5 and/or No. 6 dyes were found in several Gatorade flavors. The recall covers 28-ounce bottles distributed across 37 states. Consumers are advised not to drink affected products and to seek refunds; the FDA classifies the risk as mid-level.
PepsiCo has announced price hikes for certain snacks and beverages in the single-digit range to offset rising costs in fuel, aluminum, and agricultural inputs. Despite earlier price cuts ahead of the Super Bowl, third-quarter results show weaker North American soda sales and a shift toward international growth, with the company guiding modest earnings growth for the year.
KFC US will shift from PepsiCo to Coca‑Cola beverages starting January, with full rollout by Q1 2027. International KFC locations will keep PepsiCo drinks. Taco Bell and KFC international stores will also serve Coca‑Cola products.
PepsiCo has announced it is cutting about 1,000 jobs across its North American operations as part of a broader effort to streamline the business and drive growth. The cuts follow a weaker sales backdrop in the North American market and come after the company lowered its full-year earnings outlook. The move aims to speed decisions, simplify the structure, and invest behind opportunities for future growth.