PepsiCo suspends all political contributions

Business

PepsiCo Inc said on Friday it would suspend political donations, joining a long list of companies that are re-evaluating or halting political donations following a move to challenge U.S. President-elect Joe Biden’s victory.

Last week, five people lost their lives, including a police officer, when supporters of President Donald Trump stormed the Capitol in an attempt to disrupt the formal recognition of his election defeat.

“We are suspending all political contributions while conducting a full review to ensure they align with our company’s values and our shared vision going forward,” the snacks and beverage maker said in a statement.