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Section

Business

Business news, M&A, corporate strategy, and industry analysis

Analysis

PepsiCo Cut Its 2026 Profit Forecast, a Downgrade Made Despite a Tariff-Refund Boost

PepsiCo beat Q3 estimates and cut its 2026 profit outlook. Tariff refunds supplied four points of profit growth while North America snack profit fell 13%.

By Scott Allan · 3d ago · 3 min read

PepsiCo Cut Its 2026 Profit Forecast, a Downgrade Made Despite a Tariff-Refund Boost

Constellation Brands Beat on a Distributor Restock, and Drinkers Bought Less Modelo

After a Record 141 Deals of $100 Million or More, Accenture Stock Closed Up 16%

The FTC Opened a Probe Into OpenAI, Anthropic and METR. Anthropic’s Prospectus Saw It Coming.

A 14-Day Order Put CNN, MS NOW and Politico Back Inside the White House

Paramount Settled 12 States for Film Quotas and $47.5 Million, a Fraction of the $49 Billion It Must Now Borrow

The $20 Billion Book for SoftBank’s Bond Is a Bet on Yield, Not on OpenAI

Danone Pulled SKU 136603 for the Second Time in Nine Months, a Recall the FDA Had Already Closed

Generac Gained $2 Billion in Market Value on an Order Worth $2.4 Billion Over Two Years

Oura’s Gross Margin Fell 13 Points in a Year. An $84.4 Million Battery Bill Explains Most of It.

Michael Dell’s Family Office Is Buying an Insurance Brokerage at 20 Times EBITDA to Automate It

The Motor Oil Shortage Behind Costco’s Purchase Limit Started in Qatar, Not in Its Warehouses

Apple’s Price Increase Tracks the Memory Shortage, Not the Foldable

Oracle’s $638 Billion Backlog Is a Funding Structure, Not a Sales Pipeline

Jane Street, a Trading Firm With No AI Product, Now Holds $19 Billion in GPU Contracts

Uber Cut 3,300 Jobs to Bankroll an Autonomous Future It Does Not Build

Old Navy’s Incoming CEO Ran Its Marketing Through the Quarter Gap Just Blamed on Marketing

Brazil’s Weight-Loss Black Market Runs Exactly Along Eli Lilly’s Patent Line

KKR’s Record Antitrust Penalty Will Be Paid by Its Law Firms, Not by KKR

The FTC Made Redfin Get Back Into a Business Zillow Paid It $100 Million to Leave

Dick’s Sporting Goods Just Had Its Worst Day Ever. The $2.4 Billion Foot Locker Bet Is Why

XPeng Raised $900 Million for Its Robot Unit at a $6.3 Billion Valuation Before Selling a Single IRON

Anthropic’s $2 Trillion IPO Target Came From Its Investors, Not From Anthropic

Morgan Stanley’s $1.3 Billion Dallas Tower Puts a Number on New York’s Tax Fight