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PepsiCo Faces Activist Shockwave as Elliott's $4 Billion Push Nears a Deal

Elliott Investment Management is nearing a settlement with PepsiCo after acquiring a $4 billion stake, aiming to revitalize the company's stock performance. The activist investor suggests refranchising bottling operations and divesting underperforming assets. PepsiCo's shares have declined, and its growth has slowed, prompting Elliott's push for strategic changes. CEO Ramon Laguarta acknowledges the constructive dialogue with Elliott, emphasizing the company's undervaluation. This move follows Elliott's similar engagements with Honeywell and Starbucks, highlighting its strategy to influence major corporations.

GuruFocus·
US
PEP
-0.78%
GuruFocus·
US
PEP
-0.78%

Dow Jones forms risky pattern ahead of Fed, Adobe, and Oracle earnings

The Dow Jones Index is near its all-time high, forming a risky pattern ahead of the Federal Reserve's interest rate decision and key earnings from Adobe, Oracle, and Costco. Despite a strong uptrend, bearish divergence and a double-top pattern suggest potential pullback risks. Key catalysts include Fed's interest rate decision and earnings from major companies, impacting the stock market.

Invezz·
US
ADBE
+0.60%
US
COST
-2.86%
US
ORCL
+3.18%
Invezz·
US
ADBE
+0.60%
US
COST
-2.86%
US
ORCL
+3.18%

Walmart-backed PhonePe winds down its Pincode app in yet another e-commerce step back

PhonePe, backed by Walmart, is shutting down its Pincode e-commerce app to focus on B2B services for offline merchants. The app, launched in April 2023, struggled in India's crowded market. PhonePe aims to enhance operational efficiency for small retailers and is preparing for a public listing in India. The shift aligns with PhonePe's strategy to grow beyond its payments app dominance.

TechCrunch·
US
WMT
+0.38%
TechCrunch·
US
WMT
+0.38%

Should Walmart really be trading like a tech company?

America’s biggest retailer is growing quickly in e-commerce, and it might advance more as it moves to Nasdaq.

MSN·
US
WMT
+0.38%
MSN·
US
WMT
+0.38%

Apple Inc. $AAPL Holdings Reduced by Rollins Financial Advisors LLC

Rollins Financial Advisors LLC reduced its stake in Apple Inc. by 8.6% in the 2nd quarter, selling 27,323 shares. Apple remains the firm's 2nd largest holding, comprising 9.5% of its portfolio, valued at $59.7 million. Institutional investors own 67.73% of Apple's stock. Apple's stock opened at $280.70, with a market cap of $4.15 trillion. Analysts have a consensus price target of $278.53, with a "Moderate Buy" rating.

Market Beat·
US
AAPL
-1.21%
US
AAPB
-2.88%
US
AAPD
+1.19%
Market Beat·
US
AAPL
-1.21%
US
AAPB
-2.88%
US
AAPD
+1.19%
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