Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
OpenAI Expands Enterprise AI Strategy With Major Hiring Push Ahead of New Business Offering 
Anthropic Eyes $350 Billion Valuation as AI Funding and Share Sale Accelerate 
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Novo Nordisk Warns of Profit Decline as Wegovy Faces U.S. Price Pressure and Rising Competition 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
Nvidia Nears $20 Billion OpenAI Investment as AI Funding Race Intensifies 
PepsiCo Inc. is facing a new lawsuit after New York Attorney General Letitia James revealed on Wednesday, Nov. 15, that the local office lodged a complaint against the food and beverage manufacturing giant. The company has been accused of polluting the environment and putting the health of the public in danger.
According to Time, New York sued PepsiCo after its single-use plastics were spotted throughout the Buffalo River. It was said that through the legal proceedings, the Supreme Court is aiming to order the company and its snack subsidiaries, Frito-Lay Inc. and Frito-Lay North America Inc., to clean up the trash.
Discovery of Plastic Wastes of PepsiCo-branded Products
The state found single-use plastic packaging around the Buffalo River. Food wrappers and plastic bottles are everywhere along the shores and watersheds. Their presence in this area can contaminate the drinking water supply for the Buffalo City community.
“No company is too big to ensure that their products do not damage our environment and public health,” Attorney General Letitia James said in a statement. “All New Yorkers have a basic right to clean water, yet PepsiCo’s irresponsible packaging and marketing endanger Buffalo’s water supply, environment, and public health.”
The New York AG added that “No one should have to worry about plastics in their drinking water, plastic garbage littering their scenic riverfront, or plastic pollution harming wildlife. I will never hesitate to take on major corporations that put the health and safety of everyday New Yorkers and our planet at risk.”
Details About the Lawsuit
The complaint against PepsiCo was filed in state court in upstate Erie County. James stressed that the company is contributing to a public nuisance due to its huge share of plastic waste where more than 17% of the trash could be easily traced to specific brands, as per Reuters.
Photo: Ja San Miguel/Unsplash
