Pepsi’s North America business is weighing it down

PepsiCo shares fell Tuesday morning after it reported sales that missed Wall Street estimates and gave investors a weak outlook for 2025.

The company reported $27.8 billion, slightly below what analysts polled by FactSet were expecting, sending the stock down more than 2% at market open. PepsiCo also said it expects to see a low single-digit increase in organic revenue for 2025.

The company’s disappointing sales were largely attributed to its lack of growth stateside, particularly in its Quaker Foods sector, which has seen a decline in organic growth for five straight quarters. Quaker Foods is still reeling from a December 2023 recall on some of its granola bars and cereals, the company said. Its Frito Lay sector has also seen a decline in organic growth for two straight quarters.

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Tom Jones

GRANDE EXIT

Starbucks is shutting around 1% of its stores in North America

The chain is also axing 900 non-retail jobs.

A Starbucks Coffee shop closed during the Covid-19 crisis.

Max Knoblauch9/26/25

“Madden” maker EA surges on report it’s nearing $50 billion deal to go private

Shares of video game giant Electronic Arts are surging up more than 15% Friday following a Wall Street Journal report that the company is nearing a roughly $50 billion deal to go private.

According to the WSJ, an investment group including Saudi Arabia’s Public Investment Fund and PE firm Silver Lake (which is also part of the TikTok deal) could announce a deal next week.

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EA’s most intimidating competitor, “Grand Theft Auto” publisher Take-Two Interactive, climbed nearly 5% on the report.

Exclusive | Videogame Giant Electronic Arts Nears Roughly $50 Billion Deal to Go Private

In its fiscal first quarter that ended in June, EA delivered a disappointing net bookings outlook for the fiscal year.

Shares of EA’s most intimidating competitor, “Grand Theft Auto” publisher Take-Two Interactive, climbed nearly 5% on the report.

$12.5B 🛍️

Max Knoblauch9/26/25

Uber’s relying less on pad thai from 0.8 miles away. The company expects gross bookings (what customers spend) of non-restaurant deliveries to grow to $12.5 billion by the end of the year, according to reporting by Bloomberg.

The new forecast marks a 25% boost from the $10 billion estimate Uber shared in May for the delivery of groceries and items from retail partners like Best Buy.

Through the first half of the year, Uber’s total delivery gross bookings climbed to more than $42 billion, up about 18% year over year. That nearly matches the gross bookings of its ride-hailing business in the same period.

J. Edward Moreno

9/26/25

Why pharma stocks aren’t getting hit by new tariff threats

Most European drugmakers have announced some sort of investment in the US since Trump’s tariff threats began earlier this year. And some seem to have imported plenty of product to get ahead of tariffs anyway.

Pharmaceutical Company Eli Lilly Headquarters

Hyunsoo Rim

TikTok shop

9/26/25

TikTok US is worth only $14 billion, according to the Trump-backed deal

Charting how that stacks up against the rest of the social media landscape suggests Oracle, Silver Lake, and MGX got a pretty sweet deal.

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