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Business News – 08-10-2021

K Buenavista — Wed, 11 Aug 2021 06:34:32 +0000

Boston Beer and PepsiCo join together to create alcoholic Mountain Dew

Boston Beer and PepsiCo are going on a joint-venture to create an alcoholic Mountain Dew which is expected to reach shelves by early 2022
These new drinks are a part of Pepsi’s effort to use the popularity of the Mountain Dew name to move the soda into new categories

Beyond Meat’s meatless pepperoni to be offered by Pizza Hut in 5 markets

Pizza Hut is now offering meat-free pepperoni by Beyond Meat as a topping in 5 cities in the United States
Customers will be able to find the topping in 70 locations across Houston; Albany, New York; Macon, Georgia; Columbus, Ohio; and Jacksonville, Florida

NASA is offered next-generation spacesuits by SpaceX

NASA has been offered next-generation spacesuits by Elon Musk’s SpaceX after a response to a report by NASA’s inspector general on spacesuit development
Since 2007, NASA has spent more than $420 million on spacesuit development but even with another $625 million in spending planned, the suits will not be ready for flight until April 2025

Canada and Moderna reach deal to construct vaccine manufacturing plant after shortages

Moderna has announced that they have reached a deal with the Canadian government to construct a vaccine manufacturing plant to supply the country
Earlier in 2021, Canada has had difficulties with Covid vaccine supply shortages

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Business News – 08-03-2021

K Buenavista — Tue, 03 Aug 2021 20:07:28 +0000

Starlink now have nearly 90,000 users according to SpaceX

Elon Musk’s SpaceX and its Starlink satellite internet service now serves about 90,000 users around the globe
According to an update by the company on July 29, they say that the service has users in 12 countries
Starlink’s new user total, which appears to count the number of households with a dish, marks the addition of about 20,000 users in the past month

CEO of Delta reports vaccines are hard to require if they aren’t fully approved

The CEO of Delta Airlines Ed Bastian has reported that the company will not be requiring Covid vaccines for domestic passengers
Delta Air Lines is bouncing back from pandemic-induced bookings losses, saying more than 90% of the airline was fully booked in the past week

Tyson Foods to mandate their entire U.S. workforce to get vaccinated

Tyson Foods has recently reported that less than 50 percent of their employees in the U.S. have received the vaccine and they plan to give those workers who receive the vaccine a $200 bonus
The Covid-19 pandemic has caused many closures of meat and poultry packing facilities and has caused at least 132 worker deaths

PepsiCo’s Tropicana, Naked, and other juice brands to be sold for $3.3 billion

PepsiCo has agreed to sell Tropicana, Naked, and other juice brands for pre-tax cash proceeds worth $3.3 billion
Pepsi has reported that they will use the proceeds to strengthen their balance sheet and invest back into other aspects of the business

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