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Coca-cola is moving to diversify with a purchase of major British coffee chain Costa for $5.1 billion, reports the Wall Street Journal.
The big picture: The purchase will "give [Coca-cola] a strong position in coffee" around the world as Costsa has about 4,000 stores across 32 countries. The deal, which is expected to be finalized in 2019, is the latest signal that soda companies are looking to branch out from sugary drinks.
A Black Lives Matter banner and a United States flag on the facade of the U.S. embassy building in Seoul, South Korea. Photo: Simon Shin/SOPA Images/LightRocket via Getty Images
America's leaders are rethinking how they view Independence Day, as the country reckons with the historic, unequal treatment of people of color during a pandemic which has disproportionately affected nonwhite Americans.
Why it matters: The country’s legacy of racism has come into sharp focus in the weeks of protests following the death of George Floyd while in Minneapolis police custody. From Confederate statues to Mount Rushmore, Americans are reexamining the symbols and traditions they elevate and the history behind them.
Illustration: Aïda Amer/Axios
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The Washington Redskins have announced they will be conducting a review of the team's name after mounting pressure from the public and corporate sponsors.
Why it matters: This review is the first formal step the Redskins are taking since the debate surrounding the name first began. It comes after weeks of discussions between the team and the NFL, the team said.