00:05As investors navigate an increasingly uncertain market environment,
00:09corporate earnings and company updates remain key indicators of business health and future prospects.
00:14Here's a round-up of the latest corporate developments from overnight
00:16that could help shape your investment decisions today.
00:21Fast food chain KFC on Thursday signed Coca-Cola as its beverage partner for US stores,
00:26bringing to a close relationship with PepsiCo that dates back about four decades.
00:31The loss of the beverage partnership with KFC, which has 3,718 US locations,
00:38could be a setback for PepsiCo as it works to improve soda sales in the country
00:42while its next business grapples with high prices and a shave to healthier options.
00:47Higher costs have also added to concerns for PepsiCo CEO Raman Laguarta,
00:51who said earlier this month that growth and margin recovery was taking longer than planned.
00:57The partnership began when PepsiCo acquired KFC and a bid to expand into food and snacks.
01:03While PepsiCo later spun off KFC in 1997,
01:07it continued to be a beverage partner for its Periyam brands.
01:11Target said it also does not adjust prices based on time of day or during periods of high demand.
01:17Prices could vary based on local costs, pricing regulation, competition and store or channel-specific discounts,
01:24but would be the same for all customers on the same platform or location, the company said.
01:29The company's loyalty program, Target Circle,
01:32gathers customer shopping history to promote relevant deals and offers that does not raise prices.
01:38Target said this month, Walmart has also released statements denying claims
01:42that it used technologies such as digital shelf labels and AI tools such as its chatbot Sparky to deploy dynamic
01:49pricing.
01:51Volvo Cars is expanding its partnership with NVIDIA to develop a new generation of driver assistance
01:56and automated driving technology, the company said on Thursday,
02:00as car makers raced to bring increasingly advanced hands-free driving features to market.
02:05The company said Volvo would combine its safety systems and engineering expertise
02:10with NVIDIA's artificial intelligence and computing technologies,
02:14including the Hyper-Uan sensor, computer architecture and autonomous driving software stack.
02:20Automakers including Mercedes-Benz, BMW and Ford have been targeting more advanced automated driving systems,
02:27from hands-free highway driving to self-driving in limited conditions.
02:30Tesla is pushing for broader approval of its assisted driving technology in Europe,
02:36including urban areas, with an EU-wide vote possible in December.
02:41NVIDIA CEO Jensen Huang told reporters in Stockholm that partnering with Volvo
02:45provided the chipmaker with a tremendous opportunity because of the automaker's rigorous safety standards.
02:51Huang said features would be rolled out gradually.
02:55The technology which Volvo ultimately expects to support hands-free driving both in urban environments and on highways
03:02should appear in Volvo vehicles before 2030
03:05and will be launched in multiple regions simultaneously, excluding China.
03:09they lie in America Wha t
03:13...
03:13..
03:14...
03:15You
