ETFs in Focus as PepsiCo Buys Prebiotic Soda Brand Poppi

PepsiCo (PEP) announced on Monday its acquisition of the prebiotic soda brand Poppi for $1.95 billion, strengthening its presence in the growing functional beverage category. The move comes as the company faces declining demand for its traditional sodas and snacks amid consumers’ preference for health-conscious options. Shares of PEP gained about 1.9$300 million in anticipated cash tax benefits, bringing the net purchase price to $1.65 billion ...