Yahoo Finance

PepsiCo agreed to acquire prebiotic soda brand Poppi for $1.95 billion, adding a drink with claims that it is good for the gut as sales of traditional sugary drinks go flat. The deal comes as the soda industry is facing fresh scrutiny from the Make America Healthy Again movement, led by Health and Human Services Secretary Robert F. Kennedy Jr., who has called the product “poison.” PepsiCo said Monday that the transaction includes $300 million of anticipated cash tax benefits, bringing the net purchase price to around $1.65 billion.