PepsiCo is focusing on fiber innovation to combat deficiencies in the American diet. CEO Ramon Laguarta announced plans to launch “naked” versions of popular snacks like Doritos and Cheetos, removing artificial colors and flavors to appeal to health-conscious consumers. The company is also in talks with activist investor Elliott for potential restructuring.

PepsiCo aims to revitalize its Frito-Lay division, addressing challenges like pricing, exposure to growing snack categories, and lack of protein offerings. Analysts suggest that resolving these issues may require time, capital, and layoffs. Additionally, the company plans to optimize its product lineup by cutting about 15% of SKUs to enhance efficiency.

In the third quarter, PepsiCo reported revenue growth of 2.8% to $23.94 billion, with adjusted earnings per share at $2.29. Beverage revenue increased by 2% in North America, counterbalancing a 3% decline in food sales. The company also announced a new CFO and faces ongoing pressure to improve its food business and stock performance. 1. President Biden unveils $2 trillion infrastructure plan to create jobs and improve the nation’s roads, bridges, and broadband access. The plan also aims to address climate change and racial equity issues.

2. New study shows that COVID-19 can cause long-term brain damage, even in mild cases. Researchers found that patients had a higher risk of cognitive decline and memory loss after recovering from the virus.

3. Tesla surpasses Toyota to become the world’s most valuable car company, with a market capitalization of over $200 billion. The electric car maker’s stock price has been on the rise, driven by strong demand for its vehicles.

Read more at Yahoo Finance: Pepsi CEO is bringing fiber to snacks while Doritos and Cheetos get a ‘naked’ makeover