According to @StockMKTNewz, PepsiCo (PEP) reached an agreement with Elliott Management to cut company costs, reduce U.S. prices by up to 20% in its slowing food business, and eliminate 20% of individual products across its U.S. operations, with no Elliott representatives joining the board; the underlying report is cited to the Wall Street Journal. source: @StockMKTNewz; The Wall Street Journal According to @StockMKTNewz, the reported plan directly alters PEP’s average selling prices, SKU mix, and cost base in the U.S., which are core inputs for near-term revenue and margin models that equity traders monitor. source: @StockMKTNewz According to the U.S. Bureau of Labor Statistics, food-at-home prices are a component of U.S. CPI that macro market participants track, so crypto traders attentive to risk sentiment in BTC and ETH may note large price adjustments by major consumer packaged goods companies reported by @StockMKTNewz. source: U.S. Bureau of Labor Statistics; @StockMKTNewz

According to @business, Elliott has approached several Japanese companies to buy their stakes in Sumitomo Realty & Development as part of efforts to pressure the developer to boost value, citing unnamed sources. Source: Bloomberg @business. Corporate holders selling shares would align with Japan’s ongoing push to unwind cross-shareholdings and improve capital efficiency, a priority highlighted by the Tokyo Stock Exchange’s 2023 guidance on cost of capital and stock price awareness. Source: Tokyo Stock Exchange 2023 capital-efficiency guidance. Traders should monitor disclosures of large block trades, stake transfers, and any capital policy responses from Sumitomo Realty 8830 JP, as such events can affect near-term price volatility and valuation re-rating in Japan real estate equities. Source: Bloomberg @business and Tokyo Stock Exchange 2023 capital-efficiency guidance. The report does not mention cryptocurrencies or digital assets, indicating no direct crypto market impact from this item at present. Source: Bloomberg @business.