Core Viewpoint - Shares in major food companies like Kraft Heinz and PepsiCo declined as officials from the Trump administration criticized ultraprocessed foods and sugary drinks while announcing new initiatives [1] Group 1: Company Impact - Kraft Heinz and PepsiCo experienced a drop in share prices due to negative comments from government officials regarding their product categories [1] - The criticism from the Trump administration may lead to increased scrutiny and potential regulatory changes affecting these companies [1] Group 2: Industry Trends - The focus on ultraprocessed foods and sugary drinks indicates a growing trend towards health-conscious consumer preferences and potential shifts in market demand [1] - Companies in the food industry may need to adapt their product offerings in response to changing public perceptions and regulatory pressures [1]

As revenues on existing sin taxes decline, finance ministers are on the hunt for new ones to replace them. Sugary drinks or meat could be next https://t.co/iDeMvYEhiS ...