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PepsiCo is taking a hard look at the cannabis industry as other beverage makers explore the market.

“I think we’ll look at it critically, but I’m not prepared to share any plans that we may have in the space right now,” Chief Financial Officer Hugh Johnston told Jim Cramer and Sara Eisen on CNBC’s Squawk on the Street on Tuesday.

Cannabis, which is federally illegal in the U.S., but legal in some states and in Canada, has attracted increasing attention from food and beverage companies as either an opportunity for future growth, or conversely, a threat to their brands.

Corona beer maker Constellation this summer announced an additional $4 billion stake in Canadian cannabis company Canopy Growth, following up on a previous investment in October.

Coca-Cola last month said it is “closely watching the growth of non-psychoactive CBD as an ingredient in functional wellness beverages,” after reports surfaced it may be eyeing the cannabis-infused drink market.

The CBD is derived from the marijuana plant that some people believe provides therapeutic relief. It does not include THC, which is what gives cannabis-users a “high.”

Shares of cannabis stocks Tilray and Aurora, were lower on Tuesday as some traders were possibly expecting a more enthusiastic endorsement of the industry from PepsiCo.

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Singapore 2019 budget offers ‘something for everyone,’ expert says

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Global financial hub Singapore unveiled its 2019 budget on Monday, and it’s offering “something for everyone,” according to an expert from global accounting firm Deloitte.

Speaking with CNBC’s “Street Signs” on Tuesday, Rohan Solapurkar, a Deloitte tax partner, said the raft of measures announced by the government was largely expected, and it catered to all of the interest groups the ruling People’s Action Party is trying to please.

“There is something for everyone, and I think that’s how the government wants to look at it, whether it is the younger generation or whether it is the older generation,” Solapurkar said.

Domestically, Singapore is concerned with an aging population. To award senior citizens born in the 1950s, Singapore’s so-called Merdeka Generation, the government is offering a collection of wellness and health subsidies. The program is expected to cost 8 billion Singapore dollars ($5.9 billion) in total, and the government is setting aside 6.1 billion Singapore dollars in the current budget to fund the subsidies.

Solapur said this year’s budget met expectations by not only offering benefits to the Merdeka Generation, but also announcing payouts to small and medium-sized enterprises and low-income families.

Notably absent from Singapore’s budget was any mention of a highly anticipated tax on sugar-sweetened beverages, Solapurkar said.

While that obesity-fighting measure may have been absent from the government’s plan, the 2019 budget did reveal increased duties on diesel as part of the country’s efforts to fight climate change.

Given talk that Singapore could call an election this year, many experts have suggested that the new budget should be viewed as a pre-election budget — filled with benefits to make the electorate feel good about the People’s Action Party, which has governed the city-state for decades.

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Washington said to urge Beijing for a stable currency in trade talks

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The United States is reportedly asking China to address the value of the its currency as part of the trade deal.

The move would be aimed at mediating any effort by the Chinese to devalue the yuan to counter American tariffs, people familiar with the situation told Bloomberg News. The Trump administration has insisted that moves to devalue the yuan to buoy Chinese exports would be countered with additional or more severe American tariffs, sources told Bloomberg News.

Representatives for the two nations resumed overall trade discussions on Tuesday, with follow-up sessions at a higher level scheduled for later in the week, the White House said Monday. Though last week’s deliberations that ended in Beijing concluded without a deal, officials said progress was made on some contentious issues.

U.S. stocks extended their gains Tuesday after President Donald Trump said that the March deadline is not a “magical date,” suggesting the cutoff could be adjusted.

Still, current talks are aimed at “achieving needed structural changes in China that affect trade between the United States and China. The two sides will also discuss China’s pledge to purchase a substantial amount of goods and services from the United States,” the White House said in a statement.

Meetings between the top brass will start on Thursday and be led by U.S. Trade Representative Robert Lighthizer, a vocal advocate of pressing China to end practices that the U.S. says include forced technology transfers and intellectual property theft.

As of the latest reading, one U.S. dollar is currently worth 6.75 Chinese yuan, down from highs above 6.9 in November. The U.S. Trade Representative’s office, which is spearheading trade talks with China, did not immediately respond to CNBC’s request for comment.

Beijing least year reintroduced measures to stabilize its managed currency, including a calculation method called the counter-cyclical factor (CCF), aimed at keeping the yuan’s daily midpoint fixed to a relatively stable value. But China has faced international pressure in the past for what many deemed unfair manipulation of its currency. Many U.S. economists argue that China’s tampering in years past gave their exports a boost as a weaker yuan made Chinese exports less expensive.

— Click here to read the original Bloomberg News report.

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Stocks in Asia trade higher; yuan jumps

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U.S. President Donald Trump said Tuesday that trade talks with China are going well, adding the current March deadline is not a "magical date." A report also said the U.S. is requesting that China keep the yuan stable as part of the trade deal.

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