Pepsi shares jump 4% after WSJ reports Elliott planning major activist campaign
1. Elliott Investment Management now holds a $4 billion stake in PepsiCo. 2. PepsiCo shares climbed 4.5% after the news of Elliott's investment. 3. PepsiCo aims to cut costs and improve profit margins. 4. Company announced plans to evaluate marketing and logistics for efficiency. 5. PepsiCo's earnings beat expectations despite weak North American demand.