PepsiCo Adopts Salesforce AI Platform to Boost Efficiency and Marketing
With this expanded partnership, PepsiCo, Inc. (NASDAQ:PEP) will use AI agents to oversee critical tasks, improving operational effectiveness and customer service. Notably, PepsiCo, Inc. (NASDAQ:PEP) will be able to leverage extensive customer data through the collaboration, offering more profound understandings of tastes and habits as well as more focused, automated marketing campaigns.
In addition to being among the first major food and beverage companies to use Agentforce extensively, PepsiCo, Inc. (NASDAQ:PEP) is putting a new Trade Promotion Management technology into place to maximize promotional expenditures and improve retail partnerships.
One of the most well-known names in the world, PepsiCo, Inc. (NASDAQ:PEP) is an American multinational company involved in the food, snack, and beverage sectors.
While we acknowledge the potential of PEP as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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Yahoo
20 minutes ago
- Yahoo
The House gives final approval to Trump's big tax bill in a milestone for his second-term agenda
WASHINGTON (AP) — House Republicans propelled President Donald Trump's big multitrillion-dollar tax breaks and spending cuts bill to final passage Thursday in Congress, overcoming multiple setbacks to approve his signature second-term policy package before a Fourth of July deadline. The tight roll call, 218-214, came at a potentially high political cost, with two Republicans joining all Democrats opposed. GOP leaders worked overnight and the president himself leaned on a handful of skeptics to drop their opposition. Democratic leader Hakeem Jeffries of New York delayed voting for more than eight hours by seizing control of the floor with a record-breaking speech against the bill. Trump celebrated his political victory in Iowa, where he attended the kickoff for a year of events marking the country's upcoming 250th anniversary. 'I want to thank Republican congressmen and women, because what they did is incredible,' he said. The president complained that Democrats voted against the bill because 'they hate Trump — but I hate them too.' Trump said he plans to sign the legislation on Friday at the White House. The outcome delivers a milestone for the president and for his party. It was a long-shot effort to compile a lengthy list of GOP priorities into what they called his 'one big beautiful bill,' at nearly 900 pages. With Democrats unified in opposition, the bill will become a defining measure of Trump's return to the White House, aided by Republican control of Congress. 'You get tired of winning yet?' said House Speaker Mike Johnson, R-La., invoking Trump as he called the vote. 'With one big beautiful bill we are going to make this country stronger, safer and more prosperous than ever before,' he said. Republicans celebrated with a rendition of the Village People's 'Y.M.C.A.,' a song the president often plays at his rallies, during a ceremony afterward. Tax breaks and safety net cuts At its core, the package's priority is $4.5 trillion in tax breaks enacted in 2017 during Trump's first term that would expire if Congress failed to act, along with new ones. This includes allowing workers to deduct tips and overtime pay, and a $6,000 deduction for most older adults earning less than $75,000 a year. There's also a hefty investment, some $350 billion, in national security and Trump's deportation agenda and to help develop the 'Golden Dome' defensive system over the U.S. To help offset the lost tax revenue, the package includes $1.2 trillion in cutbacks to the Medicaid health care and food stamps, largely by imposing new work requirements, including for some parents and older people, and a major rollback of green energy tax credits. The nonpartisan Congressional Budget Office estimates the package will add $3.3 trillion to the deficit over the decade and 11.8 million more people will go without health coverage. 'This was a generational opportunity to deliver the most comprehensive and consequential set of conservative reforms in modern history, and that's exactly what we're doing,' said Rep. Jodey Arrington, R-Texas, the House Budget Committee chairman. Democrats united against the big 'ugly bill' Democrats unified against the bill as a tax giveaway to the rich paid for on the backs of the working class and most vulnerable in society, what they called 'trickle down cruelty.' Jeffries began the speech at 4:53 a.m. EDT and finished at 1:37 p.m. EDT, 8 hours, 44 minutes later, a record, as he argued against what he called Trump's 'big ugly bill.' 'We're better than this,' said Jeffries, who used a leader's prerogative for unlimited debate, and read letter after letter from Americans writing about their reliance of the health care programs. 'I never thought that I'd be on the House floor saying that this is a crime scene,' Jeffries said. 'It's a crime scene, going after the health, and the safety, and the well-being of the American people.' And as Democrats, he said, 'We want no part of it.' Tensions ran high. As fellow Democrats chanted Jeffries' name, a top Republican, Rep. Jason Smith of Missouri, chairman of the House Ways and Means Committee, called his speech 'a bunch of hogwash.' Hauling the package through the Congress has been difficult from the start. Republicans have struggled mightily with the bill nearly every step of the way, quarreling in the House and Senate, and often succeeding only by the narrowest of margins: just one vote. The Senate passed the package days earlier with Vice President JD Vance breaking the tie vote. The slim majority in the House left Republicans little room for defections. 'It wasn't beautiful enough for me to vote for it,' said Rep. Thomas Massie, R-Ky. Also voting no was Rep. Brian Fitzpatrick of Pennsylvania, who said he was concerned about cuts to Medicaid. Once Johnson gaveled the tally, Republicans cheered 'USA!' and flashed Trump-style thumbs-up to the cameras. Political costs of saying no Despite their discomfort with various aspects of the sprawling package, in some ways it became too big to fail — in part because Republicans found it difficult to buck Trump. As Wednesday's stalled floor action dragged overnight, Trump railed against the delays. 'What are the Republicans waiting for???' the president said in a midnight-hour post. Johnson relied heavily on White House Cabinet secretaries, lawyers and others to satisfy skeptical GOP holdouts. Moderate Republicans worried about the severity of cuts while conservatives pressed for steeper reductions. Lawmakers said they were being told the administration could provide executive actions, projects or other provisions in their districts back home. The alternative was clear. Republicans who staked out opposition to the bill, including Massie of Kentucky and Sen. Thom Tillis of North Carolina, were being warned by Trump's well-funded political operation. Tillis soon after announced he would not seek reelection. Rollback of past presidential agendas In many ways, the package is a repudiation of the agendas of the last two Democratic presidents, a chiseling away at the Medicaid expansion from Barack Obama's Affordable Care Act, and a pullback of Joe Biden's climate change strategies in the Inflation Reduction Act. Democrats have described the bill in dire terms, warning that cuts to Medicaid, which some 80 million Americans rely on, would result in lives lost. Food stamps that help feed more than 40 million people would 'rip food from the mouths of hungry children, hungry veterans and hungry seniors,' Jeffries said. Republicans say the tax breaks will prevent a tax hike on households and grow the economy. They maintain they are trying to rightsize the safety net programs for the population they were initially designed to serve, mainly pregnant women, the disabled and children, and root out what they describe as waste, fraud and abuse. The Tax Policy Center, which provides nonpartisan analysis of tax and budget policy, projected the bill would result next year in a $150 tax break for the lowest quintile of Americans, a $1,750 tax cut for the middle quintile and a $10,950 tax cut for the top quintile. That's compared with what they would face if the 2017 tax cuts expired. ___ Associated Press writers Kevin Freking, Joey Cappelletti and Chris Megerian contributed to this report. Lisa Mascaro, Mary Clare Jalonick, Leah Askarinam And Matt Brown, The Associated Press
The Hill
27 minutes ago
- The Hill
Trump takes ‘big, beautiful bill' victory lap in Iowa: 5 takeaways
President Trump on Thursday visited Iowa to kick off a year-long celebration of the 250th anniversary of the country's founding at an event that doubled as a victory lap for the passage of a major legislative package. Trump spoke at a 'Salute to America' event in Des Moines, Iowa, on the eve of Independence Day. His remarks came hours after the House passed the One Big Beautiful Bill Act, sending the legislation that contains many of the president's campaign promises to Trump's desk. The president also mused about the mutual 'hate' between him and Democrats, a potential exemption for farmers to avoid the deportation of their undocumented workers and a recent exchange of missiles between the U.S. and Iran. Here are five takeaways from Trump's Iowa remarks. The speech offered Trump a chance to bask in the legislative success of getting a massive tax and spending bill across the finish line in the House and Senate after months of negotiations and tense final hours of convincing holdouts to support the bill. While Trump is expected to sign the bill into law on Friday at the White House, he used Thursday's remarks to highlight some of what's in the package. The legislation extends the tax cuts Trump signed into law in 2017, which were set to expire later this year. It also eliminates some taxes on tipped wages, a provision that drew roars from the crowd in Iowa. The bill provides a $150 billion increase in funding for a border wall, immigration enforcement and deportations. It provides $150 billion in new defense spending for priorities like shipbuilding and a 'Golden Dome' missile defense project. Democrats have seized on how the bill contains cuts to low-income health and nutrition programs — reductions designed to help offset the loss of revenues from the tax cuts but that are also expected to eliminate health coverage for millions of people. 'This is a declaration of independence from a really national decline. We had a national decline,' Trump said. 'We were a laughingstock all over the world. We had a man as president who shouldn't have been there.' Trump is no stranger to using harsh rhetoric to attack his critics and political opponents, and he did just that on Thursday as he railed against Democrats for voting against the GOP reconciliation package. 'All of the things we did with the tax cuts and rebuilding our military, not one Democrat voted for us. And I think we use it in the campaign that's coming up, the midterms,' Trump said. 'But all of the things that we've given, and they wouldn't vote. Only because they hate Trump,' the president continued. 'But I hate them, too. You know that? I really do, I hate them. I cannot stand them because I really believe they hate our country, you want to know the truth.' Trump has in the past referred to political opponents as the 'enemy from within' and 'scum' and described then-Vice President Harris as 'mentally impaired.' The president's critics have regularly compared him to dictators and authoritarian regimes. The president, who has racked up a number of foreign policy victories in recent weeks, took time during Thursday's event to poke fun at Iran for its response to U.S. strikes on its nuclear facilities last month. Trump touted the U.S. strikes, and he noted that the pilots and mechanics who worked on the planes that flew over Iran would be at the White House for Fourth of July celebrations. The president also seemed to mock Iran for giving the U.S. a heads-up before firing missiles at a U.S. military base in Qatar in response to the strikes on the nuclear sites. 'They were nice enough — this is Iran — to call me and tell me that they would like to shoot at me 14 times,' Trump said. 'So, they want to shoot us, and I said go ahead, and they shot 14 high-grade, very fast missiles. Every single one of them was shot down routinely.' Trump claimed earlier Thursday that Iran wants to speak to him and signaled an openness to having conversations. He noted Steve Witkoff, his special envoy for the Middle East, has been handling talks with Iran. 'I think they want to meet. I know they want to meet,' he said. 'And if it's necessary I'll do it.' Speaking to a crowd filled with farmers and others with a stake in the agriculture industry, Trump acknowledged a conundrum with his aggressive deportation efforts. The president has vacillated in recent months between deporting all individuals who are in the country illegally and being sympathetic to farmers and hospitality executives who rely on migrant workers for labor. On Thursday, Trump indicated he was open to leaving farmers to their own devices. 'We want all the criminals out, everybody agrees. The farmers, some of the farmers… they've had people working for them for years, and we're going to do something,' Trump said. 'If a farmer is willing to vouch for these people in some way, we're going to have just say that's going to be good. We're going to be good with it,' Trump added. 'Because we don't want to do with it where we take all the workers off the farm. 'Serious radical right people, who I also happen to like a lot, they may not be quite as happy. But they'll understand,' Trump said. July 13 will mark the anniversary of the campaign rally in Butler, Pa., where Trump survived an assassination attempt after being grazed by a bullet. When a firework boomed in the distance as he spoke in Des Moines, Trump's mind appeared to flash back to that moment nearly a year ago. 'It's only fireworks, I hope. Famous last words,' Trump quipped. 'You always have to think positive,' Trump added. 'I didn't like that sound either.' Trump is expected to sit down for an interview with his daughter-in-law and Fox News host Lara Trump for an interview next week at the White House that will air ahead of the anniversary of the Butler rally. Axios first reported on the planned interview.
CNBC
30 minutes ago
- CNBC
US lets GE restart jet engine shipments to China's COMAC, source says: Reuters
The U.S. told GE Aerospace Thursday that it can restart jet engine shipments to China's COMAC, according to a person familiar with the matter, in a further sign of de-escalating U.S.-Sino trade tensions that included concessions from Beijing over rare earths. The United States this week also lifted restrictions on exports to China for chip design software developers and ethane producers, suggesting trade talks between the two countries are moving forward. License suspensions and new license requirements on the different exports had been issued several weeks ago as part of the ongoing trade war between the world's two biggest economies. GE did not respond to an email request for comment, nor did the Commerce Department, which notified GE it could restart shipments. Licenses for GE Aerospace affect engines sold to China's state-owned aerospace manufacturer COMAC, which wants to compete internationally against dominant plane makers Airbus and Boeing. A spokesperson for the Chinese embassy in Washington did not immediately respond to a request for comment. The restrictions were among the many countermeasures imposed by U.S. President Donald Trump's administration in response to China's export restrictions on rare earths and related magnets in April. Beijing's move on rare earths, part of retaliation against Trump's earlier tariffs this year, has upended supply chains central to automakers, aerospace manufacturers, semiconductor companies and military contractors. The issue threatened to scupper a bilateral trade deal. The license suspensions lifted for GE affect LEAP-1C engines to COMAC for its C919 single-aisle aircraft, and GE's CF34 engine for COMAC's C909 regional jet, according to the person familiar, who declined to be identified because they were not authorized to speak publicly. The LEAP 1-C engines are the product of a joint venture between GE Aerospace and France's Safran. The C919 is made in China but many of its components come from overseas. At least one other aerospace company also had its license suspensions for China lifted on Thursday, according to another person, who declined to identify the company. Honeywell Aerospace has supplied COMAC's C919, too, providing an auxiliary power system, wheels and brakes, flight control package, and navigation package. Honeywell did not return a request for comment. Collins Aerospace, a subsidiary of RTX, which also supplies components for COMAC, declined to comment on the status of its licenses. In recent weeks, the U.S. also suspended licenses for nuclear equipment suppliers to sell to China's power plants. U.S. nuclear equipment suppliers include Westinghouse and Emerson.
