Nestlé S.A. has acquired the global rights to sell packaged retail products from coffee giant Starbucks Corporation for $7.15 billion plus additional royalties.

The USDA published a proposed rule to establish standards for the disclosure of bioengineered foods on packages in places where consumers can easily find them. However, the long-awaited proposal leaves industry leaders with just as many questions as it does answers.

As the sparkling water and protein drink categories both continue to expand, David Jenkins, a former Olympic sprinter and founder of protein products brand NEXT Nutrition, is looking to marry the two with his latest venture.

Irvine, Calif.-based True Drinks Holdings, Inc., the maker of the children’s flavored water beverage AquaBall has lost its president and CFO and reduced its staff to two full-time employees as it explores a potential sale of its remaining assets, according to documents filed with the U.S. Securities and Exchange Commission (SEC).

Massachusetts-based botanical essence water brand Blossom Water has unveiled new packaging and a reformulation reducing the amount of sugar from 11 g to 5 g per bottle, removing erythritol and agave, and adding probiotics.

Jim Murphy will succeed Matthew Mitchell as Vice President, Strategy and Venturing, at The Coca-Cola Company’s Venturing and Emerging Brands (VEB) unit, the company announced in an email on Friday.

During an earnings call with investors on Thursday, CEO Kevin Johnson partially attributed the company’s growth during the quarter to its $384 million sale of Tazo Tea to Unilever in November, as well as the strategic decision to close Teavana cafes in order to focus on that brand’s CPG products.

Buoyed by an expansion of its cold-chain distribution network Coldcraft, the Emeryville, Calif.-based coffee roaster and retailer is preparing several new RTD product launches over the coming weeks to further build its brand presence across multiple retail channels.

PepsiCo’s snack business helped offset declining performance from its beverage brands during the first quarter of 2018, according to financial results released by the company earlier today.