Food and drink

• PepsiCo earnings beat estimates as drinks sales pick up around the world - PepsiCo reported fourth-quarter earnings and revenue that topped Wall Street's estimates.
• Why South Korean noodle companies are betting on an overseas appetite for growth - Higher average selling prices, the popularity of K-pop, and a tepid domestic market are pushing noodle makers to look for growth overseas.
• Shares of KFC and Pizza Hut Indian operator Devyani jump on merger with rival franchisee Sapphire - Two major franchisee operators for Yum!Brands in India will merge to create a single unified franchisee for KFC & Pizza Hut in the country
• What Trump's reclassification of pot and CBD could mean for seniors, research and stocks - Reclassification to a Schedule III drug and possible Medicare coverage for pot could unlock new investment from pharmaceutical companies.
• Kraft Heinz taps former Kellanova CEO to lead company ahead of breakup - Steve Cahillane previously led Kellogg through its own breakup two years ago.
• ‘The next protein’: Fiber is shaping up to be the latest grocery obsession - As consumers find their next grocery obsession in fiber, food and beverage companies are racing to keep up with the trend.