Photo: John Sciulli/Getty Images for SodaStream USA

PepsiCo has agreed to acquire SodaStream, the Israeli company known for its fizzy water-maker, for $144 per share, or $3.2 billion.

Bottom line: The acquisition is the latest move by the company to redirect its focus away from sugary soda toward healthier products, as the Financial Times notes. Its incoming chief executive, Ramon Laguarta, is expected to continue this trend once CEO Indra Nooyi steps down in October after 12 years at the helm.

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Ben Geman, author of Generate
36 mins ago - Politics & Policy

The new politics of global warming

Photo illustration: Sarah Grillo/Axios. Getty Images photos: Ethan Miller and Chip Somodevilla

The 2020 election is both very different and very familiar when it comes to the politics of global warming and the stakes of the outcome.

What's new: Democratic voters are more concerned than in prior presidential cycles, polling shows.

Bryan Walsh, author of Future
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Pinpointing climate change's role in extreme weather

Photo illustration: Aïda Amer/Axios. Getty Images photos: David McNew and George Rose

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Amy Harder, author of Generate
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Column / Harder Line

Big Tech takes the climate change lead

Photo illustration: Aïda Amer/Axios. Getty Images photo: Jit Chattopadhyay/Pacific Press/LightRocket

The tech industry is playing a growing role in fighting climate change, from zero-carbon commitments to investments in startups and pushing for the use of data to encourage energy efficiency.

Why it matters: Big Tech is already dominating our economy, politics and culture. Its leadership in helping to address climate change — and reckon with its role in contributing to it — could have similarly transformative impacts.