PepsiCo Plans Layoffs as It Looks to Finish Elliott Talks: TT Daily

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December 9, 2025

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PepsiCo Plans Layoffs as It Looks to Finish Elliott Talks

PepsiCo plans to review its North American supply chain as it wraps up negotiations with Elliott, according to sources. The company also warned workers of incoming “structural changes.” Read more…

TODAY’S NEWS

BUSINESS

Home Depot Issues Cautious 2026 Outlook

The U.S. housing market has weighed on Home Depot as high interest rates prompt consumers to remain on the sidelines for big-ticket purchases and projects that require financing. Read more…

GOVERNMENT

Farmers Say Trump Aid Brings Relief but Not Recovery

“This is kind of a Band-Aid — we need more markets more than we need aid,” said Missouri farmer Marty Richardson, adding that he feels like 2026 will be just as bad as this year. Read more…

EQUIPMENT

Trump Urges Tractor Makers to Cut Costs as Farmers Aided

President Trump pressured farm equipment manufacturers to drop prices for tractors, his latest efforts to address Americans’ concerns about shaky economic conditions. Read more…

BUSINESS

Trump Signals Possible Cuts to Some US Tariffs

Asked in an interview with Politico whether he’d rule out cutting tariffs on more goods than coffee, beef and bananas, Trump said he would “on some, and on some I’ll increase tariffs.” Read more…

THIS WEEK’S CARTOON: "Those Cyber Monday Deals Are Hard to Resist"

TECHNOLOGY

Nvidia Wins Approval to Sell H200 Chips to China

President Trump granted Nvidia, America’s most-valuable company, permission Dec. 9 to export its high-end H200 chip to China, watering down years of U.S. national security safeguards. Read more…

GOVERNMENT

Trump Targets Tariffs on Canadian Fertilizer, Indian Rice

President Donald Trump signaled Dec. 8 that he could impose fresh tariffs on agricultural products, including Canadian fertilizer and Indian rice. Read more…

LOGISTICS

Maersk Opens New Ground Freight Site Near Port of Savannah

Maersk says the Savannah, Ga., facility follows recent ground freight openings in Lake City, Ga., and Dallas-Fort Worth, and creates an ecosystem of integrated services. Read more…

AUTONOMOUS

Detmar Logistics to Start Autonomous Ops With Aurora in ’26

Last-mile logistics specialist Detmar will use Aurora’s in-house Peterbilt tractors to ship the proppant 20 hours a day on public and private roads in the Permian Basin oil and gas field. Read more…

BUSINESS

Small-Business Optimism Rises on Strong Sales Outlook

In addition to sales expectations and hiring intentions, the overall index was boosted by a slight improvement in plans to increase inventories and earnings trends. Read more…

BUSINESS

Consumers See Stable Inflation as Job Outlook Improves

Fed officials are widely expected to cut their benchmark interest rate for a third straight time Dec. 10, in a bid to safeguard against worsening labor market conditions. Read more…

EDITOR’S PICK

Top 50 Global Freight Companies Persevere Amid Trade Shift

The world’s largest transportation and logistics providers have been operating in a highly volatile business environment this year as tariffs and shifting trade policies have altered international freight flows. Read more…

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