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☆ Zelenskyy's TIME Person of the Year Award is proof that resilience is the most important trait any leader can have
▼ + stars: | 2022-12-07 | by ( Marguerite Ward | ) www.businessinsider.com time to read: +12 min

He embodies valor and resilience, traits business leaders should exhibit in tough times. The Ukrainian leader's speaking style is characterized by short sentences, vivid imagery, and empathy, all of which make him effective. A 2021 research paper published in the Academy of Management Journal found business leaders who led by example boosted productivity in their businesses. Some of the most convincing business leaders of our time have leaned into emotion when making key arguments. "President Zelenskyy remains focused on his core assignment.

☆ Fact Check-Food products do not contain human fetal cells
▼ + stars: | 2022-12-06 | by ( Reuters Fact Check | ) www.reuters.com time to read: +5 min

There is no evidence that food products contain cells from aborted human fetuses as flavor enhancers, contrary to a social media claim that revives a related, previously-debunked charge about cells used in biomedical research. Research by Senomyx into the use of ‘HEK-293’ aborted human fetal cells as a flavor enhancer was published in Pubmed in 2002, after which several patents were filed by them. Reuters previously factchecked false claims that PepsiCo drinks contained aborted fetal cells. AN OLD CELL LINEThe controversial cell line is derived from fetal cells dating to the 1970s. There is no evidence that any food or beverage products contain cells from human fetuses or derived from fetuses.

☆ Jim Cramer says he expects 'many layoffs' at companies after Christmas
▼ + stars: | 2022-12-06 | by ( Krystal Hur | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday predicted that more companies will trim their workforces after the holiday season. "I'm sure there'll be many layoffs after Christmas. Tech companies, whose astronomic growth in recent years has been derailed by the Federal Reserve's interest rate hikes, led last month's layoffs. Yet the total number of layoffs this year is the second lowest since the company started tracking the metrics in 1993. Cramer attributed the lack of job cuts to the fact that many companies have managed to stay afloat — a fact that could change next year.

☆ Jim Cramer's top 10 things to watch in the market Tuesday: JPMorgan double upgrade, oil prices dip to $75
▼ + stars: | 2022-12-06 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Later in the session, prices turned lower and U.S. oil prices are dropping another 1% on Tuesday. Deutsche Bank updates Club name Estee Lauder (EL) to buy from hold; raises price target to $266 per share from $209. In off-price target, the Club likes and owns TJX Companies (TJX), with T.J. Maxx, Marshalls and HomeGoods brands. However, Deutsche Bank raises price target on Club holding and Corona beer maker Constellation Brands (STZ) to $249 per share from $244; keeps hold rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ PepsiCo to Lay Off Hundreds of Workers in Headquarters Roles
▼ + stars: | 2022-12-05 | by ( Lauren Thomas | Jennifer Maloney | ) www.wsj.com time to read: 1 min

PepsiCo employed about 129,000 people in the U.S. as of Dec. 25 last year. PepsiCo Inc. is laying off workers at the headquarters of its North American snacks and beverages divisions, a signal that corporate belt-tightening is extending beyond tech and media, according to people familiar with the matter and documents reviewed by The Wall Street Journal. Hundreds of jobs will be eliminated, one of the people said. The cuts affect the company’s North America beverage business, which is based in Purchase, N.Y., and its North America snacks and packaged-foods business, which has headquarters in Chicago and Plano, Texas, the people said.

☆ PepsiCo plans to cut hundreds of corporate jobs, report says
▼ + stars: | 2022-12-05 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

PepsiCo is eliminating hundreds of corporate jobs in North America, according to the Wall Street Journal. The company's beverage unit is expected to be hit harder by the cuts because the snacks unit already shrank its workforce through a voluntary retirement program, according to the Journal. Pepsi employed 309,000 people worldwide as of Dec. 25, with more than 40% of those jobs located in the U.S., according to a company regulatory filing. Several food and beverage companies have also cut jobs, including Beyond Meat , Impossible Foods and PepsiCo's main rival Coca-Cola . In November, Coke said it would restructure its North American business through a voluntary separation program that included buyouts.

☆ Tesla just delivered its first all-electric Semi truck to PepsiCo and said it can cover up to 500 miles on a single charge
▼ + stars: | 2022-12-02 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Tesla delivered its first electric semitrailer truck to PepsiCo on Thursday. The Semi is the automaker's all-electric, class-8 cargo trucks with a range between 300 and 500 miles on a single charge, depending on the model. Tesla's delivery of the Semi trucks came after several years of delay. In August 2022, Musk tweeted that Tesla would begin shipping the 500-mile Semi, and the Cyber Truck — its futuristic-looking electric pickup — by 2023. A spokesperson for PepsiCo told Insider in October that the Semi trucks will be supporting the company's beverages plant in Sacramento and its Frito-Lay factory in Modesto, California.

☆ Jim Cramer's top 10 things to watch in the market Friday: Hot jobs, chip trouble, FedEx looks OK
▼ + stars: | 2022-12-02 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Marvell Technology (MRVL) gets multiple price target cuts. Here's a switch: Citi is RAISING its price target on FedEx (FDX) to $190 per share from $165. So price target cuts on Wall Street and the stock down more than 11% in the premarket. The work management platform issues disappointing operating income and lots of analyst price target cuts. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Tesla Set to Deliver Semi Truck to PepsiCo, Expanding Beyond Passenger Vehicles
▼ + stars: | 2022-12-01 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

Tesla Inc. is poised to deliver its first all-electric semitrailer truck Thursday, marking the company’s long-delayed expansion beyond the passenger vehicle market. Food and beverage maker PepsiCo Inc. is expected to take delivery of the Semi, five years after Elon Musk revealed the model.

☆ Tesla Delivers Semi Trucks to PepsiCo, Expanding Beyond Passenger Vehicles
▼ + stars: | 2022-12-01 | by ( Rebecca Elliott | ) www.wsj.com time to read: 1 min

Tesla Inc. delivered its first all-electric semitrailer trucks Thursday, marking the company’s long-delayed expansion beyond the passenger vehicle market. Food and beverage maker PepsiCo Inc. took delivery of the Semis, five years after Elon Musk revealed the model.

☆ Tesla CEO Elon Musk kicks off first Semi truck deliveries
▼ + stars: | 2022-12-01 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Tesla CEO Elon Musk kicks off deliveries of the company's heavy-duty truck, the Semi, at the Gigafactory in Sparks, Nevada. Tesla CEO Elon Musk kicked off deliveries of the company's first few production Semi trucks on Thursday, speaking on stage at the company's factory in Sparks, Nevada, with Dan Priestly, the company's senior manager for Semi truck engineering. He later thanked and the handed the mic to representatives from PepsiCo Frito Lay , which is Tesla's first customer to receive and use production Semi trucks. While the Tesla Semi was in development, other fully electric heavy-duty trucks launched into the market. The new fast-charging tech will eventually be installed at Tesla SuperCharging stations and used to power up Cybertrucks, the consumer pickup truck Tesla is planning, Musk revealed.

☆ Pepsi wants you to drink soda mixed with milk this holiday season
▼ + stars: | 2022-12-01 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

Pepsi launched a campaign Thursday encouraging customers to try the combination and use the hashtag #PilkandCookies (as in Pepsi plus milk) to showcase their Santa-friendly concoctions. “Combining Pepsi and milk has long been a secret hack among Pepsi fans,” said Todd Kaplan, Pepsi’s chief marketing officer, in a statement about the campaign. Pepsi is now publicizing the mix as its spin on “dirty soda,” a popular TikTok trend that combines soda with syrup and cream. Pepsi is recommending a number of recipes to those who want to go beyond just Pepsi and milk, perhaps hoping to launch its own viral combination. Swig, which calls itself “home of the original dirty soda,” has been around since 2010 and serves a wide array of the carbonated mash-ups.

☆ Tesla delivers its first electric Semi trucks promising 500 miles of range
▼ + stars: | 2022-12-01 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

The Tesla Semi was first shown as a prototype in 2017. The fully electric semi truck features an unusual design in which the driver sits in the center of the cab rather than on one side. Tesla has boasted of the truck’s performance — saying it accelerates much more quickly, even with a full load, than traditional diesel-powered semi trucks. A video during the presentation showed, according to Tesla, a fully loaded Tesla Semi accelerating up a steep grade and passing other trucks. Since it has no multi-geared transmission, as diesel trucks do, it’s also much easier to drive than other semi trucks, Musk said.

☆ Musk set to finally take wraps off Tesla truck - to tough crowd
▼ + stars: | 2022-12-01 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +4 min

Musk had promised, for instance, that Tesla's mass-market electric sedan Model 3 would be priced at $35,000, a claim that bombed. But in October Musk said Tesla vehicles were not ready to take humans out of the loop. "Tesla team just completed a 500 mile drive with a Tesla Semi weighing in at 81,000 lbs!" For Microsoft founder Bill Gates, who has expressed skepticism about all-electric trucks, Musk said: "(Gates) can drive it himself if he wants!". "I want to take diesel trucks off the road," he said, adding that federal incentives for trucks that run on hydrogen could be more substantial than those battery electric trucks.

Insider breaks down the four qualities he said in his book were key toward boosting productivity. He developed the so-called the FASE method — focus, attention, systematization, and energy — for boosting productivity. In his 2017 book, "Lead Yourself: The Definitive Method to Be More Productive," Peralt wrote that four key qualities are essential to boosting productivity. "You need to be motivated and hungry to have a reason to start the process because, undoubtedly, it requires effort," Peralt wrote. An action-oriented attitudeAccording to Peralt, one of the most important qualities you need to improve your productivity is an action-oriented attitude.

☆ Outperforming asset manager picks the stocks set to win as margins get squeezed
▼ + stars: | 2022-11-25 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

"Consumers are going to have their purse strings pulled by utility bills, higher mortgage costs, higher petrol prices, and there's going to be margin squeeze." He said wage pressure and higher commodity prices were particularly challenging and could eat into companies' margins. Luxury Luxury stocks are another favorite for Armstrong. Moreover, the "massive" profit margins of luxury companies are also insulated from increases in input prices, he added. Within the space, Armstrong's fund owns French luxury goods companies LVMH and Hermes , given their "defendable margins" and the ability to be price setters.

☆ Tesla has lost almost $700 billion in market value - the equivalent of 3 Disneys, 4 Nikes, or 6 Starbucks
▼ + stars: | 2022-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Elon Musk's company has lost nearly a Berkshire Hathaway's worth of market value. Tesla's $670 billion decline is roughly equivalent to three Disneys, four Nikes, or six Starbucks. Tesla's $670 billion drop in market value isn't far off the entire worth of Warren Buffett's Berkshire Hathaway ($685 billion). Moreover, Musk's electric-vehicle company has seen more than double the market cap of Home Depot ($324 billion), or the combined market caps of Coca-Cola ($268 billion) and PepsiCo ($255 billion) wiped off its market value. It also equates to around four Nikes ($162 billion), five Netflixes ($127 billion), six Starbucks ($113 billion), seven PayPals ($92 billion), and 12 GMs or Fords ($56 billion each).

☆ Some Companies Band Together to Support Nascent Low-Carbon Products
▼ + stars: | 2022-11-21 | by ( Dieter Holger | ) www.wsj.com time to read: +5 min

Global companies are combining their purchasing power to help commercialize low-carbon technologies as part of their efforts to meet net-zero commitments. One of the biggest corporate spending plans announced at the United Nations climate conference, known as COP27, was the First Movers Coalition. Its 65 member companies promise to collectively purchase $12 billion of nascent low-carbon products and services by 2030 to help suppliers develop their offerings and scale up. Once commitments are made, companies and suppliers meet regularly to share progress and work together. “Microsoft did not join [the First Movers Coalition] in Glasgow last year.

☆ Schneider Electric-Backed Venture Firm to Launch $520 Million Fund
▼ + stars: | 2022-11-17 | by ( Angus Loten | ) www.wsj.com time to read: +5 min

To date, SE Ventures has 30 active investments, including climate and industrial tech ventures, a pace it expects to accelerate with the new fund, he said. About 70% have struck a commercial partnership with Schneider Electric, the company said. SE Ventures first invested in AutoGrid in the company’s Series D fundraising round in 2019. Mr. Hodson said through SE Ventures, Schneider Electric has a good record of targeting investments to areas where it wants to expand. “There’s definitely a market reality where there is a large degree of uncertainty,” Mr. Chaturvedy said.

☆ Don’t dump on U.S. coal plan. Make it better!
▼ + stars: | 2022-11-11 | by ( Hugo Dixon | ) www.reuters.com time to read: +4 min

SHARM EL-SHEIKH, Egypt, Nov 11 (Reuters Breakingviews) - Sceptics fear an American plan to use voluntary carbon markets to accelerate the energy transition in poor countries could amount to greenwashing. Many critics think rich countries should just fork out the cash themselves to close coal plants – or tax fossil fuel companies to get the money. This “jurisdictional” approach is designed to prevent new coal plants springing up where old ones have been closed. Why not hitch itself to the high standards already being developed by the Voluntary Carbon Markets Integrity Initiative? Another concern is that the ETA is planning to use cash not just to close coal plants but also to ramp up renewable energy.

☆ U.S. launches carbon offset program to help developing countries speed clean energy transition
▼ + stars: | 2022-11-09 | by ( Emma Newburger | ) www.cnbc.com time to read: +2 min

Climate Envoy John Kerry on Wednesday unveiled a carbon offset plan that would allow corporations to fund renewable energy projects in developing countries that are struggling to transition away from fossil fuels. Officials argue it could funnel billions of dollars from the private sector into the economies of developing countries working to shift to renewable power sources like wind or solar. The plan will create a new class of carbon offsets that represent investments in projects that help accelerate renewable energy projects or build climate change resilience in a developing country. Chile and Nigeria are among the developing countries interested in the program, the State Department said, and Bank of America, Microsoft, PepsiCo and Standard Chartered Bank have "expressed interest in informing the ETA's development." Voluntary carbon offset programs have been widely criticized as insufficiently regulated schemes that allow governments and corporations to undermine net-zero emission targets.

SHARM EL-SHEIKH, Egypt, Nov 9 (Reuters) - U.S. climate envoy John Kerry on Wednesday announced the creation of a carbon offset plan meant to help developing countries speed their transition away from fossil fuels. Kerry launched the Energy Transition Accelerator (ETA) with the intention of funding renewable energy projects and accelerating clean energy transitions in developing countries. Kerry added that the carbon credits used in the program would be "high quality" and meet "strong safeguards". Kerry said Guterres was supportive of the U.S.-led carbon market initiative provided there were safeguards to it. At the event launch, a protester interrupted Kerry saying: "You’re providing false solutions.”Kerry responded that fossil fuel companies would not participate in the program.

☆ Barclays' playbook for the coming recession: Defensive stocks that could still gain 20%
▼ + stars: | 2022-11-09 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

There are still plays to be made even if the broader stock market struggles next year, Barclays says. With that in mind, Malone screened for overweight stocks that will be defensive in a recessionary environment, looking at risk-reward ratios, upside trends and volatility. The average estimated upside of Barclays' picks is 20% as of Nov. 1 – with one poised to gain more than 60%. Animal pharmaceutical company Zoetis has the biggest potential upside among Barclays' list at 64%. When reporting third-quarter earnings last week, the company missed expectations for per-share earnings and revenue, according to FactSet estimates, while also lowering its fourth-quarter guidance.

☆ Where the economy is showing signs of a slowdown near recession levels
▼ + stars: | 2022-11-06 | by ( Eric Rosenbaum | ) www.cnbc.com time to read: +5 min

The Net Rising Index (NRI) for sales — the percentage of survey respondents reporting rising sales minus the percentage reporting falling sales — peaked at 74% of firms in April 2021. Zoom In Icon Arrows pointing outwardsThe NABE data has both good and bad news for the Fed and companies. "They are still raising wages and still trying to pass along the higher costs," Coronado said. Sixty-nine percent of respondents to the NABE survey indicated all or some costs are being passed on. … You don't just keep raising rates until the economy cracks," Coronado said of the NABE data.

☆ Big brands set to miss plastic sustainability targets
▼ + stars: | 2022-11-02 | by ( Joe Brock | ) www.reuters.com time to read: +2 min

The study by the Ellen MacArthur Foundation and the United Nations Environment Programme also revealed that some companies - including Coca-Cola (KO.N) and Pepsi - are using more virgin plastic despite a pledge to reduce its use. Dozens of major brands have in recent years set targets to increase plastic recycling and reduce the use of single-use packaging in partnership with the Ellen MacAurthur Foundation, as part of efforts to burnish their green credentials. The headline pledge was that 100% of plastic packaging would be reusable, recyclable or compostable by 2025, but this goal will "almost certainly be missed by most organisations", the environmental group's report said. Greenpeace said the report is evidence that voluntary corporate targets have failed and called on the U.N. to forge a treaty that forces governments and companies to use less single-use plastic packaging. "This underlines the need for governments to ensure that the global plastic treaty ... delivers major reductions in plastic production and use," said Graham Forbes, Greenpeace’s USA Global Plastics Project Leader.

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