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WSJ What’s News

Supermarket Giant Pulls Pepsi Products Over Price Rises

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 5 January 2024

⏱️ 15 minutes

🧾️ Download transcript

Summary

A.M. Edition for Jan. 5. European retailer Carrefour is removing PepsiCo products including Lays, Doritos and 7 UP from its stores to protest what it called unacceptable price increases. WSJ reporter Jennifer Maloney says  it's a rare public standoff between a grocer and a food maker. Plus OpenAI’s competitors look to capitalize on the AI leader’s recent management chaos. And why copper is becoming a hotter commodity than gold, even for gold miners. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Embracing the icy crisp winter air, warming your hands with a Starbucks,

0:06.7

wrapping up in snugly layers upon layers.

0:09.4

The signs are all there.

0:11.4

You're entering your cozy era.

0:13.0

And there's nothing cozier than the limited edition Starbucks Arm and Biscotti O'Late.

0:18.0

A new smooth and warming twist on a classic.

0:21.0

Whatever era you're in, find your perfect order in store on Starbucks

0:25.1

delivers and the Starbucks UK app, subject to availability while stocks last.

0:29.4

Perhaps Pepsi's price hikes get its products booted from store shelves in Europe.

0:39.0

Plus, the U.S. speaks out as Moscow turns to North Korea and Iran for missiles.

0:45.0

Russia has become increasingly isolated on the world stage, and they've been forced to look

0:49.6

to like-minded states for military equipment.

0:51.7

And open AIs competitors seek to capitalize on the AI leader's recent management

0:56.7

chaos.

0:57.7

It's Friday, January 5th, I'm Lou Fargis for the Wall Street Journal, and here is the

1:02.4

AM edition of What's News?

1:04.8

The top headlines and business stories moving your world today. One of the world's biggest supermarket chains has said it will drop several Pepsi co products

1:19.7

from its stores to protest what it called unacceptable price increases.

1:25.1

Care4 operates thousands of stores across more than 30 countries and will stop selling

1:31.0

Pepsi, Doritos, and other products in France, Italy, Spain, and Belgium,

1:35.8

in what journal reporter Jennifer Maloney says is a rare public standoff

1:39.7

between a grocer and a foodmaker.

...

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