Pepsi shares jump 4% after WSJ reports Elliott planning major activist campaign
1. Elliott Investment Management has taken a $4 billion stake in PepsiCo. 2. PepsiCo shares rose 4.5% following the news of Elliott's investment. 3. Pepsi has been cutting costs to improve profit margins amid weaker demand. 4. The company's recent earnings exceeded expectations, indicating potential for rebound. 5. Elliott's plan for Pepsi remains unclear but could imply future changes.