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PepsiCo CEO Indra Nooyi at the White House in February. Photo: Evan Vucci / AP

The entrance of millennials into the workforce has forced corporate leaders to "weave purpose into the core business [models]" of their companies, according to Indra Nooyi, PepsiCo's chairperson and CEO, at TIME and Fortune's CEO Initiative.

More from the panel discussion:

  • Mark Bertolini, Aetna's CEO, outlined how corporations want to lead in 2017: "We have a responsibility to have a point of view beyond our four walls…Our responsibility to lead is at a local level — everywhere we are."
  • Bertolini argued that the U.S. must retool capitalism: "We have a model today that works for too few people…There's a loss of hope in our nation around who we are and what our opportunities are — and that's because we haven't brought people along with our recovery."
  • One big problem: Nooyi thinks that climate change will only be definitively proven once it's too late to act, so she wants her company to think ahead: "From our perspective, we see evidence of changes in the environment affecting our business…We have to lean in and do things on the environmental front."

Go deeper

Updated 7 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — U.S. tops 88,000 COVID-19 cases, setting new single-day record.
  2. Politics: States beg for Warp Speed billions.
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases.
  4. 🎧Podcast: The vaccine race turns toward nationalism.

Technical glitch in Facebook's ad tools creates political firestorm

Facebook CEO Mark Zuckerberg. Photo: SOPA Images / Contributor

Facebook said late Thursday that a mix of "technical problems" and confusion among advertisers around its new political ad ban rules caused issues affecting ad campaigns of both parties.

Why it matters: A report out Thursday morning suggested the ad tools were causing campaign ads, even those that adhered to Facebook's new rules, to be paused. Very quickly, political campaigners began asserting the tech giant was enforcing policies in a way that was biased against their campaigns.

8 hours ago - Health

States beg for Warp Speed billions

A COVID-19 drive-thru testing center yesterday at Hard Rock Stadium in Miami Gardens. Photo: David Santiago/Miami Herald via AP

Operation Warp Speed has an Achilles' heel: States need billions to distribute vaccines — and many say they don't have the cash.

Why it matters: The first emergency use authorization could come as soon as next month, but vaccines require funding for workers, shipping and handling, and for reserving spaces for vaccination sites.