PepsiCo said it will raise prices on some products to offset higher costs for fuel, aluminum and agricultural commodities. The company recently cut prices sharply on chips such as Lay’s and Doritos ahead of the Super Bowl after demand softened in North America, and beverage volumes fell 2%. PepsiCo also lowered its full-year profit outlook, trimming expected adjusted EPS growth to 2.5% to 3.5% from 5% to 7%.

Viatris pledged Thursday to buy small biotech company Pacira Biosciences for $1.65 billion, sending Pacira stock skyrocketing.

International oil prices surged on Thursday as traders weighed rising shipping risks in the Persian Gulf and mounting U.S.-Iran tensions, alongside the potential impact of Hurricane Isaias on U.S. energy infrastructure. Brent crude futures climbed 4.5% to $104.73 a barrel. WTI crude futures rose 4.4% to $91.41 a barrel.

Arm shares have risen nearly 177% year to date as major AI platforms adopt Arm-based chips. Customer demand for Arm’s AGI CPU has now exceeded $2 billion, well above the $1 billion opportunity management previously outlined. For fiscal Q1 2027, Arm posted revenue of $1.289 billion, up 22.4% year on year and ahead of market expectations. External estimates put the CPU market at as much as $200 billion to $220 billion.

U.S. stocks fell as a renewed rise in oil prices and elevated Treasury yields revived inflation concerns. Brent crude climbed 4.2% to above $104 a barrel amid heightened worries over Middle East supply disruptions. The benchmark 10-year U.S. Treasury yield hovered around 5.29%, near its highest level since 2002. Amazon, Tesla and Nvidia fell 0.3% to 1.3%, while the Dow Jones Industrial Average was down 88.19 points.

PayPal said a pilot using its PYUSD stablecoin moved more than $1 billion for internal intercompany settlements, cutting a dividend-payment process that typically took days down to two hours. PYUSD’s total supply has exceeded $3 billion, and the token is integrated across multiple blockchains in approximately 70 markets. The corporate treasury program has been recognized at the 2026 Adam Smith Awards, including Best in Class Treasury Solution.

Securitize said it has launched Securitize Stocks on the Solana blockchain, tokenizing U.S. equities on-chain with each token backed 1:1 by real shares held on its registered broker-dealer platform. The product offers applicable voting rights and dividends to eligible investors in the U.S., E.U. and other permitted jurisdictions. The launch brings traditional securities to the Solana ecosystem and broadens the range of on-chain assets.

Italy has fully met its obligations under the International Energy Agency's emergency oil stock release plan and remains open to providing additional supplies, provided other European nations...