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☆ This energy drink stock can rally more than 20% and overtake Red Bull in the U.S., HSBC says
▼ + stars: | 2023-08-14 | by ( Pia Singh | ) www.cnbc.com time to read: +3 min

Monster Beverage could be the frontrunner of the global energy drink market, according to HSBC. "We forecast revenue growth for Monster in the US ahead of industry growth, achieved through more targeted marketing and brands." Revenue during this time period from the LatAm and EMEA energy beverage markets should triple from their current levels, he said. "We see room for better occasion-brand package-price-channel segmentation in LatAm, which is where Monster's LatAm bottlers are first in class," the analyst said. According to the note, the energy beverage market is worth over $20 billion in the U.S. and over $70 billion worldwide, and has been among the fastest-growing beverage categories for the past 10 years.

Persons: Carlos Laboy, Laboy, —, Michael Bloom Organizations: Beverage, HSBC, U.S, Bang Energy, America isn't, North America . Revenue, Coke, EMEA, Cola Company Locations: U.S, Canada, America, Europe, East, Africa, North America

☆ Warren Buffett hates fancy food, drives badly, and saw the housing crash coming, his biographer says in a resurfaced Reddit post
▼ + stars: | 2023-08-12 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Warren Buffett can't stand fancy food, drives badly, and spotted the mid-2000s housing bubble. He blanched at the idea of truffle sauce on his steak, and foresaw a decade of housing pain in 2004. Buffett's biographer, Alice Schroeder, shared those details in a resurfaced Reddit post from 2014. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Alice Schroeder, the author of "The Snowball: Warren Buffett and the Business of Life," has spent roughly 2,000 hours with the Berkshire Hathaway CEO, making her a true authority on all things Buffett.

Persons: Warren Buffett, Buffett's, Alice Schroeder, Warren Buffett's, Buffett, Warren, Schroeder, —, McDonald's, There's, he's, suggsests Buffett, you'll, hasn't Organizations: Service, Berkshire Hathaway Locations: Wall, Silicon, Coke, Berkshire

☆ A millionaire who retired at 36 shares the top 4 funds he's holding, the ones he's sold due to high fees, and the stock up 1,000% in the last 10 years that's yielded him the most gains
▼ + stars: | 2023-08-12 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

He began by investing in stocks and funds with higher fees. Early retirement wasn't an accident for Quan, nor was it a sudden decision after he sold his company. Gaining exposure to this fund helps balance his exposure to US stocks which he gets from a few funds he holds. "Ironically enough, I want to say that COKE has grown the most over the time as an individual stock," Quan said. He has mainly been allocating to iShares' IEMG in order to increase his exposure to those markets.

Persons: Michael Quan, wasn't, Quan, CWGIX, COKE, maxing, wife's ROTH Organizations: Income, Vanguard, Investment Company Institute, Holdings, Vanguard FTSE, Cola Consolidated Inc, DFA Locations: Canada, Europe, Japan

☆ See inside Elon Musk's $50,000 house, thanks to this rare photo posted by his biographer
▼ + stars: | 2023-08-07 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Walter Isaacson shared a sneak peek inside Elon Musk's $50,000 house. Walter Isaacson gave people a glimpse into Elon Musk's $50,000 home on Sunday. Walter Isaacson shared a photo inside of Elon Musk's house. At the time, Musk denied living in the modular house, saying that he lives in a different small house in Texas. In 2020, Kanye West, one of Musk's longtime acquaintances, shared a photo from inside one of Musk's houses.

Persons: Walter Isaacson, Elon, Musk, " Isaacson, Isaacson, Walter Isaacson Here's, Henry Gade's, Elon Musk's, we've, Coke, Weeks, he'd, Kanye Organizations: SpaceX, Elon Musk's, Twitter, SpaceX's, Wall Street Locations: Boca Chica , TX, SpaceX's, Boca Chica , Texas, Elon Musk's, Mars, Texas

☆ We’re way past hard seltzer: The spiked drinks keep coming
▼ + stars: | 2023-08-05 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +6 min

What started the spiked beverage trend? Spiked beverages have been around for a while. For decades, it was “generally frowned upon” for non-alcoholic beverage brands to enter the alcoholic beverage market, Stanford said. Hard seltzer, meanwhile, had $3.8 billion in sales over the past 12 months, a 14% decline compared to last year. The nostalgia generationEvery year, the alcoholic beverage industry gets a new class of (legal) drinkers to sell to.

Persons: It’s, Casey Brooke Lawson, ”, Duane Stanford, Stanford, Jamie Wideman, Caleb Bryant, seltzer, Seltzer, Timothy A, Clary, Dan White, “, Bryant, Adam Rogers, Coke, Jack Daniel’s Tennessee, Brown, Forman, Absolut, Nielsen, Hard seltzer, who've, Ilene Bergenfeld, SunnyD Organizations: New, New York CNN, MTN, Beverage Digest, Brands, “, Molson Coors, CNN, Coca, Getty, Coors, Jack Daniel’s Tennessee Whiskey, Delight, Harvest Hill Beverage Company Locations: New York, Fresca, AriZona, Mintel, United States, AFP, Topo Chico

☆ I Put On Lipstick for This?
▼ + stars: | 2023-08-05 | by ( Rebecca Anne Nguyen | ) www.nytimes.com time to read: +1 min

I don’t usually wear lipstick. With tears in her eyes, she said there’d been no one serious in her life since her marriage ended, and she was resigned to dying alone. There I was, telling a friend half my age that sometimes, no matter how much you want it, love may never show up. My life was half over, and I was on the express train to Lonelyville: a singles room in the nursing home. I had to change course, but it wasn’t as simple as just “getting back out there.”

Persons: ., I’ve, I’m, there’d, Coke, ” Organizations: intuit

☆ Why the World Health Organization's re-branding of aspartame as carcinogenic isn't a threat to soft drink makers
▼ + stars: | 2023-08-03 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Beverage analysts don't see a threat to diet soda makers from the World Health Organization's recent warning on artificial sweetener aspartame. But giants in the beverage industry that use aspartame, including Coca-Cola and Pepsi , are so far unfazed. Because the WHO didn't change the consumption limit on aspartame products, the new findings aren't likely to threaten soft drink makers, according to Citi analyst Filippo Falorni. For example, the WHO's says an adult weighing around 154 pounds should drink no more than 14 cans of diet soda each day to avoid health concerns. KO PEP YTD mountain Both soda stocks have been little fazed by the World Health Organization's recent concerns over aspartame.

Persons: Filippo Falorni, Falorni, we've, Robert Ottenstein Organizations: Beverage, Health, United Nations, U.S . Food, Drug Administration, Pepsi, Cola, WHO, Citi, World Health, Evercore ISI, Coke Locations: U.S

☆ Here are Thursday's biggest analyst calls: Apple, Qualcomm, Roku, Etsy, Roblox, Robinhood, Sunrun and more
▼ + stars: | 2023-08-03 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

TD Cowen upgrades Ross to outperform from market perform TD Cowen said consensus is "underestimating [a] margin recovery" for Ross. TD Cowen downgrades Columbia to market perform from outperform TD Cowen said demand looks muted for Columbia Sportswear . Bernstein downgrades Etsy to market perform from outperform Bernstein said it's concerned about slowing growth. Piper Sandler reiterates Crocs as overweight Piper Sandler said the shoe company is "underpinned by +DD [double digit] earnings growth and compelling valuation." Citi reiterates Apple as buy Citi said it's standing by its buy rating heading into Apple earnings after the bell.

Persons: TD Cowen, Ross, Cowen, Bernstein, Etsy, it's, Piper Sandler, Crocs, CROX, QCOM, Jefferies, Simon, Telsey, Roblox, Morgan Stanley, Robinhood, Janney, Coke Organizations: TD Cowen downgrades Columbia, Columbia, Buyers, Citi, Deutsche Bank, Qualcomm, Apple, Simon, Bank of America, UBS, Costco Locations: underperform, Wingstop, 1Q22

☆ Amazon will soon let you order Doritos and Diet Coke along with your order from Whole Foods
▼ + stars: | 2023-08-02 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +4 min

Currently, customers have to order separately from Amazon Fresh, Whole Foods, and Amazon.com. Amazon would like to make it possible to order these kinds of snacks and beverages along with a Whole Foods order. But for now, don't expect to see Doritos or Diet Coke or other products with these banned ingredients in stores. Starting Wednesday, nonmembers in some US cities will be able to order Fresh groceries to their doorsteps — a service that has been limited to Prime members. "We will accomplish this by more intentionally bringing together Amazon Fresh, Whole Foods Market, Amazon Go, Amazon Style, and Global Specialty Fulfillment under one global leadership team."

Persons: Coke, Tony Hoggett, Amazon's, Hoggett, Tayfun Organizations: Bloomberg, Amazon, Foods, Service, Tesco, Anadolu Agency, Getty Images Bloomberg Locations: Wall, Silicon, nonmembers

☆ Amazon will soon let you order Doritos and Diet Coke from Whole Foods along with your organic kale
▼ + stars: | 2023-08-02 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +4 min

Currently, customers have to order separately from Amazon Fresh, Whole Foods, and Amazon.com. Amazon would like to make it possible to order these kinds of snacks and beverages along with a Whole Foods order. But for now, don't expect to see Doritos or Diet Coke, or other products with these banned ingredients in store. Starting August 2, non-members in select cities in the US will be able to order Fresh groceries to their doorsteps — a service that was limited to only Prime member holders previously. "We will accomplish this by more intentionally bringing together Amazon Fresh, Whole Foods Market, Amazon Go, Amazon Style, and Global Specialty Fulfillment under one global leadership team."

Persons: Coke, Tony Hoggett, Amazon's, Hoggett, Tayfun Organizations: Bloomberg, Amazon, Foods, Service, Tesco, Anadolu Agency, Getty Images Bloomberg Locations: Wall, Silicon

☆ Coca-Cola bottler CCEP intends to acquire Coke's Philippines business for $1.8 bln
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +1 min

A detail of a can of Coca-Cola is seen in London, Britain March 16, 2016. REUTERS/Stefan Wermuth/File PhotoAug 2 (Reuters) - Coca-Cola Europacific Partners (CCEPC.L) said on Wednesday it intends to jointly acquire Coca-Cola Beverages Philippines with Aboitiz Equity Ventures (AEV) for $1.8 billion, in an effort to become the world's largest Coca-Cola bottler by revenue and volumes. The deal to buy Coca-Cola's (KO.N) Philippines business in cash will be on 60:40 ownership structure between CCEP and Philippines conglomerate Aboitiz. CCEP has signed a non-binding term sheet and is in advanced discussions with AEV regarding a potential joint transaction, the company said in a statement. Reporting by Radhika Anilkumar in Bengaluru; Editing by Rashmi Aich and sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefan Wermuth, CCEP, Radhika Anilkumar, Rashmi Aich, sonia Cheema Organizations: REUTERS, Cola Europacific Partners, Cola Beverages, Aboitiz Equity Ventures, Thomson Locations: London, Britain, Philippines, CCEP, Western Europe, Australia, New Zealand, Bengaluru

☆ A Trump strategist compared Ron DeSantis' candidacy to New Coke, which was released to much fanfare in 1985 but quickly flopped
▼ + stars: | 2023-07-29 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Ron DeSantis has sought to paint himself as a conservative without Donald Trump's political baggage. Trump strategist Chris LaCivita told the Washington Post DeSantis' candidacy was like New Coke. "He's trying to run to the right of Trump or he's trying to be Trump without the baggage — that's not a message," he said of DeSantis. AP Photo/Charles Kelly, fileIn April 1985, Coca-Cola debuted New Coke — a reformulated Coca-Cola that was tweaked to have a smoother and sweeter taste — to much fanfare. New Coke was renamed as Coke II in 1990 before being discontinued in 2002.

Persons: Ron DeSantis, Donald, Trump, Chris LaCivita, Washington Post DeSantis, Sen, Tim Scott of, DeSantis, he's, Donald Trump, LaCivita, Coke, Charles Kelly, didn't Organizations: Washington Post, Service, GOP, Trump, That's, AP, Cola, Coke Locations: New, Wall, Silicon, Florida, Tim Scott of South Carolina

☆ Opinion | A Requiem for Diet Soda
▼ + stars: | 2023-07-27 | by ( Frank Bruni | ) www.nytimes.com time to read: +1 min

I mean the crunch-woosh of a can of diet soda being opened. It was Tab for a while and then, I think, Diet Rite — I get confused about the chronology. Tab, Diet Rite, Fresca, Diet Coke and their ever-expanding posse transcended mere beverage-dom. If Mom were alive today, would she still be drinking diet soda? Diet soda is at odds with self-esteem as many Americans now extol it, with wellness as they’ve come to practice it and, according to some studies and some critics, with health.

Persons: Mom, —, Coke Locations: Worriedly

☆ Coca-Cola raises full-year outlook as earnings beat estimates
▼ + stars: | 2023-07-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +2 min

Coca-Cola on Wednesday raised its full-year outlook after reporting earnings and revenue that topped estimates. For 2023, Coke now expects comparable earnings per share growth of 5% to 6%, up from its prior forecast of a 4% to 5% rise. The company's three drinks divisions all reported flat growth for the quarter, but there were some bright spots. Coke Zero Sugar's volume rose 5%, thanks to strong demand in North America and Latin America. Ultra-filtered milk brand Fairlife saw strong growth in the U.S. Coke's coffee division also reported volume growth of 5%, fueled by Costa Coffee's performance in the United Kingdom and China.

Persons: Coke, Costa Organizations: Refinitiv, PepsiCo, Worldwide, U.S, Latin America Locations: San Rafael , California, North America, Latin, U.S, United Kingdom, China

☆ Coca-Cola says it's done raising prices in the U.S. and Europe this year
▼ + stars: | 2023-07-26 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

For two years, Coca-Cola has been raising prices on its drinks to combat higher costs. But the company said Wednesday it's done hiking prices this year in developed markets like the U.S. and Europe. Coke's prices were up 10% in the second quarter compared with the year-ago period. Coke plans to keep raising prices in line with inflation in developing markets like Latin America. Coke shares fell less than 1% in morning trading, despite the company raising its full-year outlook and reporting earnings and revenue that topped Wall Streeet estimates.

Persons: Coke, James Quincey, Quincey Organizations: PepsiCo, Pepsi, Quaker Foods, Quaker Foods North America, Lay Locations: U.S, Europe, Latin America, Quaker Foods North, America

☆ Twitter’s rebrand is the next stage in Elon Musk’s vision for the company. But does anyone want it?
▼ + stars: | 2023-07-25 | by ( Clare Duffy | ) edition.cnn.com time to read: +7 min

When Musk bought Twitter late last year, he laid out a vision for an “everything” app called X, where users could communicate, shop, consume entertainment and more. Musk — who bought Twitter with a company called X Corp. — tweeted on Sunday that X.com now redirects to Twitter. Musk even told followers that tweets should instead be called “x’s.”On Sunday, CEO Linda Yaccarino seemed to confirm Musk’s vision for the company. Elon Musk has officially rebranded Twitter as "X," as he seeks to turn the platform into an "everything" app. And until Musk rolls out significant changes to the platform, observers of the company say ditching Twitter’s well-known brand is a risky move.

Persons: New York CNN — Elon Musk’s, Musk, — Musk, “, —, It’s, ” Mike Proulx, Forrester, Proulx, ”, Linda Yaccarino, ” Yaccarino, Elon Musk, Jonathan Brady, Walter Isaacson, texted Isaacson, ” “, ” Musk, he’s, WeChat, Deloitte, Instagram, Joshua White Organizations: New, New York CNN, Twitter, PayPal, Musk —, X Corp, SpaceX, Facebook, Vanderbilt University Locations: New York, China, Arizona, Michigan

☆ A Singles Party, Where Chaos Is the Point
▼ + stars: | 2023-07-24 | by ( Gina Cherelus | More About Gina Cherelus | ) www.nytimes.com time to read: 1 min

“Are any of you guys drinking Jack and Coke right now,” Jesus Valdes shouted at two women who were sipping cocktails during a crowded singles mixer at American Whiskey, a bar in Midtown Manhattan. They were not, and Mr. Valdes let out a sigh of frustration. He was playing Chaotic Bingo, a game in which guests were given a sheet that listed 25 characteristics they had to find in someone else, including someone who’s had sex this month and someone you’d want to kiss later. First one to circle five across received one free year of Tinder platinum. Mr. Valdes, 34, a professor from Staten Island, said that he had met a few people already that he was interested in, including one “stand out,” but that it was early and he still wanted to mingle.

Persons: Coke, ” Jesus Valdes, Valdes, who’s, . Valdes Locations: Midtown Manhattan, Staten Island

☆ Welcome to Barbenheimer Weekend
▼ + stars: | 2023-07-22 | by ( Melissa Kirsch | More About Melissa Kirsch | ) www.nytimes.com time to read: +2 min

Start the day with the darker fare: Christopher Nolan’s moody “Oppenheimer,” about the physicist who ran the Los Alamos Laboratory during the development of the atomic bomb. The movie industry hopes so. Ticket sales for the year in the U.S. and Canada are down about 20 percent from the same period in 2019. Analysts predict that “Barbie” could take in $100 million domestically through Sunday; “Oppenheimer” around $50 million. “These are not the tried-and-true safe bets that are the hallmark of the summer movie season,” he said.

Persons: Christopher Nolan’s, Oppenheimer, ”, Milk, Greta Gerwig’s “, fantasia, ” “ Barbie, ” “ Barbie ”, “ Oppenheimer, “, ‘ Oppenheimer, Barbie ’, Will Barbenheimer, Barbie ”, Paul Dergarabedian Organizations: Los Alamos Laboratory, Alamo, Times Locations: Chicago, U.S, Canada

CARACAS, July 21 (Reuters) - Venezuela is not willing to halt productive operations during contract audits that have led to the arrest of businessmen and officials, and to disputes with customers and partners of state company PDVSA, the country's oil minister said on Friday. Earlier this year, contracts with some crude oil buyers were also temporarily suspended while PDVSA reviewed billions of dollars of late payments and pending invoices. "Our goal is to explore, produce, refine and export every product we can," Oil Minister Pedro Tellechea told journalists on the sidelines of a conference in Caracas. Investigations related to the review of unpaid bills have been transferred to the office of Venezuela's General Attorney, Tellechea said. Tellechea also said the country does not currently have suspended contracts, but did not elaborate on the status of exports.

Persons: Wilmer Ruperti, Pedro Tellechea, Tellechea, Maroil, PDVSA, Deisy Buitrago, Mayela Armas, Vivian Sequera, Marianna Parraga, Sharon Singleton Organizations: Oil, Investigations, Reuters, Thomson Locations: CARACAS, Venezuela, PDVSA, Geneva, Caracas, France, China

☆ Brands are pouring money into film and TV — meet 13 marketers making the biggest moves as Hollywood's new financiers
▼ + stars: | 2023-07-21 | by ( Lucia Moses | ) www.businessinsider.com time to read: +10 min

It's not just Barbie — lots of big brands are getting serious about making Hollywood-style entertainment. Insider identified 13 new and established players making the biggest moves in the space. "Barbie" may be the movie of the summer, but lots of other big brands are getting serious about making Hollywood-style entertainment. Neutrogena: Neutrogena Studios launched in 2021 and is J&J Consumer's first brand-funded content studio to make feature documentaries and scripted shorts. PepsiCo: PepsiCo's Content Studio is led by veteran PepsiCo marketer Lou Arbetter.

Persons: It's, Ron Howard, Brian Grazer's, Oscar, Michael Sugar, Brian Newman, REI, Michael Sugar's, Jae Goodman, Lauren Denowitz, Coke, Brian Grazer, Ron Howard's, Selman Careaga, John Deere, Mara Downing, Al Roker, Jill Wilfert, Ryan Gosling, Margot Robbie, Barbie, Ken, Jaap Buitendijk, Robbie Brenner, J.J, Abrams, Lena Dunham, Barney, Daniel Kaluuya, J, Sebastian Garcia, Laurie Hernandez, Matt Damon, Ben Affleck's, Entertainment —, Justin Biskin —, Howard, Lou Arbetter, Max, Robert Rodriguez, Nadia Hallgre, Stanley Nelson, Arbetter, Procter, Kimberly Doebereiner, Paolo Mattola, Kyra Sedgwick, Watiti, Saint Laurent, Anthony Vaccarello, Saint, Pedro Almodóvar, Ethan Hawke, Pedro Pascal, it's, Paolo Sorrentino, David Cronenberg, Kelly Mullen, Bryce Dallas Howard, Lena Waithe, WePresent, Holly Fraser, Moses Sumney, Solange Knowles, Riz Ahmed, Aneil, Fraser Organizations: Hollywood, Procter, Gamble, Companies, Brands, Unilever, InBev, Waffle Iron Entertainment, draftLine Entertainment, Netflix, Coca Cola, Entertainment, Global, Deere, Warner Bros, Warner Brothers, Universal Studios, Mattel, Neutrogena Studios, Studio, Kerry, Seattle Film, Ghetto Film, HBO Nike, Nike, Waffle, Apple, HBO, PepsiCo, Pepsi Super, Showtime, Pepsi, G Studios, Imagine, Amazon's, Hulu, Paramount, Blue Fox Entertainment, Saint Laurent Productions, Unilever Entertainment, Imagine Entertainment, Monotype Locations: Hollywood, Kerry Washington, American, Cannes, Britain

☆ Sports drink entrepreneur Mike Repole takes majority stake in sneaker brand Nobull
▼ + stars: | 2023-07-20 | by ( Jessica Golden | ) www.cnbc.com time to read: +2 min

Nobull is a training brand founded in 2015 by former Reebok executives Marcus Wilson and Michael SchaefferNobull is a training brand founded in 2015 by former Reebok executives Marcus Wilson and Michael Schaeffer. Terms of the deal were not disclosed, but Repole said it's his biggest investment in a brand to date. Mike Repole's private equity firm will buy a majority stake in the company Nobull, he told CNBC on Thursday. "I think that this brand can really be a life-changing brand for so many people," Repole said. Co-founder Wilson said Repole's history of successful exits is part of what makes him a compelling partner for Nobull.

Persons: Marcus Wilson, Michael Schaeffer Nobull, Michael Schaeffer, Repole, it's, Mike, It's, Vitaminwater, Wilson, who's Organizations: Reebok, CNBC, Impact Capital, NFL, Nobull Locations: Boston, United States, United Kingdom, China, Coke

☆ The Labor Department only fines businesses on average $8,500 when a worker dies from a heat-related illness
▼ + stars: | 2023-07-16 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +4 min

The average federal fine for a US employer, when a worker dies from heat-related illness, is $8,539.98. The three-year average of heat-related worker deaths has doubled since 1990, a 2021 report from NPR and Columbia Journalism Investigations revealed. According to federal data reported between 2017 and 2022, the Department of Labor fines businesses governed by federal OSHA regulations an average of just $8,539.98 if an employee dies because of heat-related illness. Gleason also noted that federal OSHA fines for worker deaths are significantly smaller than that of other federal agencies. "The average Environmental Protection Agency penalty is 10 times that of federal OSHA for a worker that dies," Gleason said.

Persons: Eugene Gates Jr, Felipe Pascual, Richard Gleason, Gleason, West Virginia —, Thomas Linkous, — Farrell, — Organizations: Service, NPR, Columbia, Investigations, US Postal Service, University of Washington, Occupational Safety, Health Administration, Department, Labor, OSHA, Environmental, Agency, The Department Locations: United, Wall, Silicon, United States, Dallas, Houston, West Virginia, Wisconsin, California, Washington, Oregon

☆ Despite Aspartame Warning, Beverage Companies Likely to Stick With It
▼ + stars: | 2023-07-14 | by ( Julie Creswell | More About Julie Creswell | ) www.nytimes.com time to read: +1 min

About eight years ago, in response to customer concerns about possible health risks associated with the artificial sweetener aspartame, PepsiCo decided to remove the ingredient from its popular diet soda. A trip through the grocery store reveals the ingredient on the labels of not only diet sodas but also diet teas, sugar-free gums, sugar-free energy drinks and diet lemonade drink mix. By some estimates, thousands of products contain aspartame. The use of aspartame, which is often known by the brand name Equal, in food and beverage products has long been scrutinized. The latest iteration came on Thursday, when an agency of the World Health Organization declared that aspartame could possibly cause cancer and encouraged people who consume a significant number of beverages with aspartame to switch to water or other unsweetened drinks.

Persons: Coke Organizations: PepsiCo, Diet Pepsi, Pepsi, World Health Organization Locations: Diet

☆ FDA says soda sweetener aspartame is safe, disagreeing with WHO finding on possible cancer link
▼ + stars: | 2023-07-14 | by ( Spencer Kimball | ) www.cnbc.com time to read: +1 min

Cans of PepsiCo's Pepsi Zero Sugar soda are displayed for an arranged photograph taken in Tiskilwa, Illinois, on Wednesday, April 17, 2019. The U.S. Food and Drug Administration disagrees with a World Health Organization finding that the widely used soda sweetener aspartame possibly causes cancer in humans, saying the studies used to reach that conclusion had "significant shortcomings." FDA scientists do not have safety concerns when aspartame is used under the approved conditions," an agency spokesperson said late Thursday shortly after the WHO released its findings. The sugar substitute is used in diet sodas such as Diet Coke and Pepsi Zero Sugar. Dr. Mary Schubauer-Berigan, a senior official at IARC, emphasized that the WHO classification of aspartame as a possible carcinogen is based on limited evidence.

Persons: Coke, Mary Schubauer Organizations: Pepsi, U.S . Food, Drug Administration, World Health Organization, FDA, WHO, International Agency for Research, Cancer Locations: Tiskilwa , Illinois, U.S, Europe

☆ Greycroft co-founder praises Coke for carbon footprint reduction efforts
▼ + stars: | 2023-07-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGreycroft co-founder praises Coke for carbon footprint reduction effortsDana Settle, Greycroft co-founder and managing partner, joins ‘Squawk on the Street’ to discuss how their VC firm will manage Greycroft Coca-Cola System Sustainability Fund and more.

Persons: Coke, Dana Settle, Greycroft, Squawk Organizations: Sustainability Fund

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