PepsiCo put forth a mixed second-quarter report card based on slight global volume and weakened domestic demand. EPS came in at $2.20 adjusted against $2.21 expected, while revenue reached $24.18 billion versus $23.95 billion anticipated (more).

Deere & Co., better known as John Deere, has reached a right-to-repair settlement with the FTC, a settlement “that requires the company to let farmers and independent shops fix their own equipment,” according to AP News. “For too long, Arizona farmers and independent mechanics have been at the mercy of Deere’s monopoly over repair tools, forced to wait — and pay — for authorized dealers just to fix broken tractors and other equipment,” Arizona Attorney General Kris Mayes said (more).

Chili’s responded to a criticism over Burger King’s recent $18.19 Bacon King meal on social media with a call for customers to dine there instead. “Why do y’all let fast food play you like this? Big Crispy Chicken Sandwich 3 for Me with fries, BOTTOMLESS chips and salsa and UNLIMITED drink for $10.99,” Chili’s social media team said in response (more).

Retailers are stocking up in advance of another potential round of U.S. tariffs, with import volume at container ports expected to hit an all-time high in July. “Import volumes have risen sharply, with strong growth likely continuing into July. Much of this increase reflects frontloading ahead of expected tariff increases,” Hackett Associates founder Ben Hackett stated (more).

PetSmart is betting that its customers are getting a bit of AI fatigue, leveraging this sentiment in a new ad campaign mocking the proliferation of the tech across retail. The campaign mocks big tech’s reliance on obscure jargon, huge product reveals, and flashy logos to make the point that the in-store experience remains PetSmart’s differentiator (more).