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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
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
“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
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
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 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
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
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
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
What is aspartame and what do the new WHO rulings mean?
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +4 min
Discovered in 1965 by American chemist James Schlatter, aspartame is about 200 times sweeter than regular table sugar. One group of experts, the International Agency for Research on Cancer (IARC), said aspartame is a "possible carcinogen". For aspartame, this limit is 40 milligrams of aspartame per kilogram of body weight per day. Aspartame's use in food products has been debated for decades and has also prompted some companies to remove the compound from their products. PepsiCo (PEP.O) removed aspartame from Diet Pepsi in 2015 but brought it back a year later.
Persons: James Schlatter, Gunter Kuhnle, Mills, Yoplait, JECFA, Elissa Welle, Savyata Mishra, Deborah Sophia, Caroline Humer, Catherine Evans Organizations: World Health, U.S . Food, Drug Administration, WHO, International Agency for Research, Cancer, FAO, United Kingdom's University of Reading, PepsiCo, Pepsi, FDA, IARC, National Library of Medicine, Thomson Locations: Diet, saccharin, United Kingdom, Spain, France, Italy, Denmark, Germany, Australia, New Zealand, New York, Bengaluru
Reuters reported last month that the cancer research arm of the World Health Organization (WHO), known as the International Agency for Research on Cancer (IARC), was set to make that declaration on July 14, according to two sources with knowledge of the process. The designation as "possibly carcinogenic to humans" will provide an incentive to fund more rigorous research into the safety question, toxicology and cancer experts say. "We have been pushing for an IARC review for many years now." But no action was taken until 2022, after aspartame was again nominated for review by CSPI and Melnick in 2019. The research body has said "new evidence" prompted its aspartame review, without giving any details.
Persons: Andy Smith, Smith, Coke, Peter Lurie, Lurie, James Huff, Ron Melnick, CSPI, There's, Samuel Cohen, Erik Millstone, Millstone, Jennifer Rigby, Michele Gershberg, Catherine Evans Organizations: Reuters, World Health Organization, WHO, International Agency for Research, Cancer, MRC, Unit, University of Cambridge, Cola's, Regulators, for Science, Joint Food and Agriculture Organization, U.S . National Institutes of Health, University of Nebraska Medical Center, University of Paris, Britain's University of Sussex, Thomson Locations: United States, U.S, France
The Secret Service concluded their investigation into the cocaine bag without identifying any suspects. Surveillance footage of the area in the West Wing also was no help in finding the culprit. The Secret Service has concluded their investigation into the incident without identifying any suspects, CNN and the Associated Press were the first to report. The cocaine was confirmed as cocaine by subsequent lab tests, and the Homeland Security's National Biodefense Analysis and Countermeasures Center eventually confirmed it posed no actual threat. Surveillance footage of the area also proved inconclusive, CNN reports, and the Secret Service wasn't even able to determine what day the drugs were left behind.
Persons: wasn't Organizations: Service, CNN, Associated Press, White, Homeland, Countermeasures Center Locations: Wall, Silicon
Although full-calorie options still dominate the soda segment, diet sodas now represent more than a quarter of sales. Diet Coke, Coke Zero, Pepsi Zero Sugar and Diet Mountain Dew all contain aspartame. For most adults, that means drinking less than nine to 14 cans of diet soda every day. Even so, Edward Jones analyst Brittany Quatrochi said she isn't expecting a big hit to diet soda sales. Besides diet sodas, aspartame can also be found in a variety of foods, including breakfast cereals, chewing gum and ice cream.
Persons: Coke, sodas, Cowen, TD Cowen, Vivien Azer, Garrett Nelson, Gerald Pascarelli, Francesco Branca, Hugh Johnston, CFRA's Nelson, Edward Jones, Brittany Quatrochi, isn't, Keurig Dr Pepper, Kevin Keane Organizations: Health, International Agency for Research, Cancer, World Health Organization, Pepsi, WHO, CNBC, PepsiCo, Reuters, Diet Pepsi, Pepsi Zero, Coke, American Beverage Association, Keurig, ABA Locations: Diet, Coke
The Secret Service concluded their investigation into the cocaine bag without identifying any suspects. The AP reports no DNA or fingerprints were found on the bag. Surveillance footage of the area in the West Wing also was no help in finding the culprit. The Secret Service has concluded their investigation into the incident without identifying any suspects, CNN and the Associated Press were the first to report. Surveillance footage of the area also proved inconclusive, CNN reports, and the Secret Service wasn't even able to determine what day the drugs were left behind.
Persons: wasn't Organizations: Service, CNN, Associated Press, White, Homeland, Countermeasures Center Locations: Wall, Silicon
The World Health Organization on Thursday classified the soda sweetener aspartame as a possible carcinogen, but said it is safe for people to consume within the recommended daily limit. Aspartame is used in Diet Coke, Pepsi Zero Sugar and other diet sodas, as well as some chewing gum and various Snapple drinks as a substitute for sugar. More research is needed to determine whether consumption of the artificial sweetener can actually lead to cancer, she said. "Aspartame is one of the most studied food additives in the human food supply," the spokesperson said. "FDA scientists do not have safety concerns when aspartame is used under the approved conditions."
Persons: Coke, Mary Schubauer, Berigan Organizations: World Health Organization, International Agency for Research, Cancer, WHO, Pepsi, Lancet Oncology, U.S . Food, Drug Administration, FDA Locations: U.S, Europe, Diet Coke
Various flavors of the energy drink Prime for sale in a shop window on 9th March 2023 in London, United Kingdom. A caffeinated energy drink being promoted by American social media influencers is set to be recalled in Canada. Health Canada said Wednesday that at 200 milligrams of caffeine per can, Prime Energy exceeds the regulator's acceptable caffeine limit of 180 milligrams per serving and should not be sold. Health Canada said it's aware that some shops may be selling Prime Energy — which is different from the widely available Prime Hydration drink — without approval. Prime Hydration is the non-caffeinated and bottled version of the canned beverage Prime Energy.
Persons: Sen, Charles Schumer, Logan Paul, Coke Organizations: Health Canada, Prime Energy, Sunday, Food and Drug Administration, YouTube, Energy, Canadian Food Inspection Agency, Health, Red Bulls, FDA Locations: London, United Kingdom, American, Canada, U.S, Health Canada, Australia
Inside the Shed’s Sonic Sphere
  + stars: | 2023-07-02 | by ( Zachary Woolfe | ) www.nytimes.com   time to read: +2 min
The xx remix did nicely separate the bass, coming up palpably but not too heavily out of the bottom of the sphere, from the voices around and above. For all the souped-up spiffiness of the Sonic Sphere, the programming on Saturday felt like a retread of artists who were more interesting when Alex Poots, the Shed’s artistic director, presented them during his stint at the Park Avenue Armory uptown. Levit, the following year, played Bach as part of an ornate concentration exercise orchestrated by Marina Abramovic. Both of them on Saturday were under 40 minutes, but I found myself getting antsy well before time was up. Perhaps the audiences at Burning Man, the techno-hippie hedonist bonanza in the Nevada desert where a Sonic Sphere was built last year, were more engrossed, experiencing it on harder drugs than the Coke Zero I’d had with dinner.
Persons: Mari ”, Rirkrit Tiravanija, Alex Poots, Bach, Marina Abramovic Organizations: Armory, Perelman Performing Arts Center Locations: Levit, Nevada
He said the mayor’s wife and two children, aged 5 and 7, fled through the back garden. While running away, the mayor’s wife hurt her shin which “appears to be broken,” according to the prosecutor. His mother, Mounia, told television station France 5 on Friday that she blamed only the officer who shot her son for his death. Hundreds detainedWhile the French government has deployed security forces and riot police across the country, the unrest continued with another night of protests. More than 700 people were detained across France overnight, according to a provisional tally from the Interior Ministry.
Persons: , Vincent Jeanbrun, , ” Jeanbrun, Stéphane Hardouin, Hardouin, Nahel, Mounia, Gérald Darmanin Organizations: CNN, France, Interior Ministry, China’s Locations: Paris, Jeanbrun’s, France, Nanterre, China, Marseille
June 30 (Reuters) - Coca-Cola (KO.N) will only see a limited impact if the world health agency classifies the artificial sweetener used in its Diet Coke, aspartame, as a possible carcinogen, thanks to its scale of production, analysts said on Friday. But for Coca-Cola, whose low-calorie products accounted for a third of its total volumes sold in 2022, analysts said switching to a natural sweetener could be easier than many other companies that use aspartame. In the past, beverage makers like Coca-Cola and PepsiCo have tweaked their ingredient composition to comply with evolving policy changes. However, PepsiCo could get an edge over its rival as it had moved away from aspartame to a blend of sucralose and acesulfame potassium earlier, CFRA Research said. Reporting by Savyata Mishra in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: Charlie Higgs, Grzegorz, Savyata Mishra, Arun Koyyur Organizations: World Health, Redburn Ltd, Cola, PepsiCo, Conotoxia, Research, Thomson Locations: California, Bengaluru
HONG KONG, June 29 (Reuters Breakingviews) - There's plenty to like about Swire Pacific's (0019.HK) Coca-Cola sale. Little wonder Swire's Hong Kong shares rallied as much as 8% on Thursday morning. The Coke sale is refreshing for investors, but only until the rest of Swire Pacific regains its fizz. Upon completion of the sale, Swire Pacific will distribute HK$11.7 billion in special dividends to its shareholders. The company also plans to enter into a 13-year agreement to provide management services to Swire Coca-Cola USA and receive an annual fee of at least HK$117 million.
Persons: Swire Pacific's, Swire, John Swire, Antony Currie, Thomas Shum Organizations: Reuters, HK, Cathay Pacific, Swire, Cola, John Swire & Sons, Cola Europacific Partners, Citi, Cathay, Swire Pacific, Hong Kong, Cola USA, Hong, Thomson Locations: HONG KONG, Hong Kong, China, Cathay Pacific
WHAT PRODUCTS CONTAIN ASPARTAME? Aspartame's use in food products has been debated for decades and has also prompted some companies to remove the compound from their products. PepsiCo (PEP.O) removed aspartame from some U.S. diet sodas. General Mills' (GIS.N) Yoplait also removed aspartame from its yogurts in 2014. Saccharin, sucralose and neotame are among five other artificial sweeteners alongside aspartame authorized by a WHO expert committee on food additives.
Persons: James Schlatter, Mills, Yoplait, Savyata Mishra, Deborah Sophia, Sriraj Kalluvila, Aurora Ellis Organizations: World Health Organization, Reuters, U.S . Food, Drug Administration, PepsiCo, FDA, National Library of Medicine, Thomson Locations: Diet, Spain, France, Italy, Denmark, Germany, Australia, New Zealand, Bengaluru
JECFA, the WHO committee on additives, is also reviewing aspartame use this year. The first group includes substances from processed meat to asbestos, which all have convincing evidence showing they cause cancer, IARC says. Like aspartame, this means there is either limited evidence they can cause cancer in humans, sufficient evidence in animals, or strong evidence about the characteristics. Pepsico removed aspartame from sodas in 2015, bringing it back a year later, only to remove it again in 2020. Listing aspartame as a possible carcinogen is intended to motivate more research, said the sources close to the IARC, which will help agencies, consumers and manufacturers draw firmer conclusions.
Persons: Coke, Shannon Stapleton, Health Organization's, JECFA, Nozomi Tomita, Zsuzsanna, Germany’s Bayer, IARC, Frances Hunt, Wood, Mars Wrigley, Kate Loatman, , Jennifer Rigby, Richa Naidu, Michele Gershberg, Mark Potter, Susan Fenton Organizations: REUTERS, International Agency for Research, Cancer, Health, Reuters, Joint WHO, Food, Agriculture Organization's, WHO, Japan's Ministry of Health, Labour, Welfare, Food Safety Authority, U.S, International, Association, Cargill, International Council of Beverages Associations, Ramazzini Institute, EFSA, Pepsico, Thomson Locations: New York City, U.S, United States, Europe, Geneva, France, Italy, sodas
[1/4] Diet Coke is seen on display at a store in New York City, U.S., June 28, 2023. Aspartame, used in products from Coca-Cola diet sodas to Mars' Extra chewing gum and some Snapple drinks, will be listed in July as "possibly carcinogenic to humans" for the first time by the International Agency for Research on Cancer (IARC), the World Health Organization's (WHO) cancer research arm, the sources said. Pepsico removed aspartame from sodas in 2015, bringing it back a year later, only to remove it again in 2020. Listing aspartame as a possible carcinogen is intended to motivate more research, said the sources close to the IARC, which will help agencies, consumers and manufacturers draw firmer conclusions. But it will also likely ignite debate once again over the IARC's role, as well as the safety of sweeteners more generally.
Persons: Coke, Shannon Stapleton, Health Organization's, JECFA, Nozomi Tomita, Zsuzsanna, Germany’s Bayer, Frances Hunt, Wood, Mars Wrigley, Kate Loatman, , Jennifer Rigby, Richa Naidu, Michele Gershberg, Mark Potter Organizations: REUTERS, International Agency for Research, Cancer, Health, Joint WHO, Food, Agriculture Organization's, WHO, Reuters, Japan's Ministry of Health, Labour, Welfare, Food Safety Authority, U.S, International, Association, Cargill, International Council of Beverages Associations, Ramazzini Institute, EFSA, Pepsico, Thomson Locations: New York City, U.S, United States, Europe, Geneva, France, Italy, sodas
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