Last Tuesday was not a good day for soda drinkers. Consumer Affairs reported that, in looking for way to help finance President Obama's proposed $1.2 trillion universal health care plan, the Senate Finance Committee is now considering a proposal led by the Center for Science in the Public Interest (CSPI) which calls for a federal excise tax on sugary sodas, energy and sports drinks and sweetened tea drinks.

Pepsi-cola has launched a wide-ranging digital campaign with snap-and-click marketer MyClick aimed at young Chinese consumers in connection with the upcoming Olympic Games.

U.S. District Court sentenced an ex-Coke secretary Joya Williams for trying to sell Coca-Cola secrets and sell to Pepsi Cola.