PepsiCo plans to raise prices on some snacks and drinks and slash corporate costs after a disappointing performance in North America during the third quarter.

Pepsi's North American business continues to lag behind its international markets.

PepsiCo warned on Thursday that growth and margin recovery in its key North American market was taking longer than planned and said it would pursue additional cost cuts to offset sluggish demand for its snacks and beverages.

The US giant has lowered its earnings forecast on the back of margin pressures in its North America business.

Oil fell Friday after surging the previous day, as traders weighed Trump’s pledge not to attack Iran before the U.S. midterm elections against persistent shipping risks in the Persian Gulf and production shut-ins in the Gulf of Mexico.

Oil prices fell on Friday as Middle East supply concerns eased somewhat after US President Donald Trump said the country will not attack Iran ​before US elections next month amid productive talks to end their ‌war that has disrupted the market.

Seven months into the Iran conflict, the oil market’s focus has shifted away from Trump’s rhetoric and on to physical supplies and cargo flows.

Brent fell about 0.7% to $103.53 after Trump said Iran talks are productive and the U.S. will not attack before the Nov. 3 midterms. · 21 sources across the spectrum on IJR News.