10-7
Delhi High Court freezes FSSAI action on PepsiCo and Monster ‘Energy Drink’ label until November 5, allows sale of existing stock
The Delhi High Court has stayed the Food Safety and Standards Authority of India (FSSAI) directive targeting PepsiCo and Monster Beverage over the “Energy Drink” label, allowing both companies to sell existing inventory carrying the descriptor. The court said the interim relief does not permit manufacturing new products bearing the “Energy Drink” tag. The stay will remain in effect until the next hearing on November 5. It also halted the July 17 communication that had asked state enforcement authorities to implement the order.
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10-1
Dow futures slide to over three-month low as Treasury yields hit 2002 highs; Micron lifts chip stocks
U.S. Treasury yields surged to their highest levels since 2002, with the 10-year and 30-year reaching 5.32% and 5.66%, pushing Dow futures to a three-month low. Micron Technology’s results beat expectations and helped lift semiconductor shares, with Lam Research, Applied Materials and Nvidia among the gainers. Alphabet rose 2.3% after unveiling its Gemini 4 flagship AI model, while Nasdaq 100 futures edged higher.
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