Keurig Green Mountain is buying Dr Pepper Snapple, creating a giant beverage company that will generate an estimated $11 billion in annual revenue. The new company will be called Keurig Dr Pepper and will house many popular soda and coffee brands under one roof. Shares of Dr Pepper surged on news of the merger.
Steve Wynn is out as RNC Finance Chair following sexual misconduct allegations. Republicans scrambled to distance themselves from Wynn after the bombshell Wall Street Journal report. Wynn stepped down from his post at the RNC over the weekend.
Rafael Acevedo, Group Director for Diet Coke North America, joins us to discuss the company's overhaul of its diet soda. The company is rolling out four new flavors: Feisty Cherry, Ginger Lime, Twisted Mango, and Zesty Blood Orange. Acevedo assures customers Diet Coke's original formula will not be changing.
And we break down all the biggest moments from the 60th Annual Grammy Awards. R&B star Bruno Mars took home the most-coveted awards of the evening, including Album of the Year and Song of the Year. Kesha, joined by other female artists, gave a powerful performance of her hit song "Praying."
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
