PepsiCo and Conagra Brands said Tuesday they plan to pass along higher input costs to customers as inflation accelerates.

PepsiCo reported that its quarterly revenue rose more than 20% from a year earlier as restaurant demand for its drinks returned, fueling an earnings beat.

While Starbucks is seeing challenges in bakery items, the coffee chain is feeling no constraints in its cup and coffee supplies, CEO Kevin Johnson said.

Smirnoff Vodka owner Diageo has signed a multiyear deal with the NFL to become the league's first spirits sponsor.

Budweiser, Google, Walgreens and other companies have launched ad campaigns to encourage consumers to get the vaccine.

Starbucks CEO Kevin Johnson said that more than half of the drinks sold by the coffee chain are cold, not hot.

PepsiCo's new Mtn Dew Rise Energy line is meant to compete in the energy drink category and draw in consumers who usually stick to coffee or juice.

Pepsi is anticipating mid-single-digit growth in organic revenue for 2021 and high-single-digit growth in core earnings per share.

Shares of Starbucks have risen 13% over the last year, giving the company a market value of $123 billion.

Beyond Meat and PepsiCo announced Tuesday that they've formed a joint venture to create, produce and market snacks and drinks with plant-based substitutes.