PepsiCo suspends all political contributions
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 11/2/2026
- US stocks set for higher open as AI trade steadies; midterms in focus
- Marvell agrees $115 billion all-stock deal to buy Lumentum
- Oil drops more than 4% on talks aimed at ending US-Iran war
- Why has the market become so unforgiving of AI earnings?
- EchoStar rises on report SpaceX in talks to buy Boost Mobile or tap its network
Tweet
Share
E-mail
FILE PHOTO: The Pepsi logo is pictured in Irwindale, California, U.S., July 11, 2017. REUTERS/Mario Anzuoni
(Reuters) - PepsiCo Inc said on Friday it would suspend political donations, joining a long list of companies that are re-evaluating or halting political donations following a move to challenge U.S. President-elect Joe Biden's victory.
Last week, five people lost their lives, including a police officer, when supporters of President Donald Trump stormed the Capitol in an attempt to disrupt the formal recognition of his election defeat.
"We are suspending all political contributions while conducting a full review to ensure they align with our company's values and our shared vision going forward," the snacks and beverage maker said in a statement.
(Reporting by Nivedita Balu in Bengaluru; Editing by Shinjini Ganguli)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- As reparations debate grows, Caribbean campaigners point to one British family's example
- Exclusive-Veteran US proxy solicitors launch new firm Senpoint Partners
- Uganda says it has started withdrawing troops from Somalia
Create E-mail Alert Related Categories
ReutersRelated Entities
Donald J. TrumpSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
