Billionaire George Soros has cut his holdings in agriculture giant Archer Daniels Midland Co. by more than half as the company contends with sluggish commodity markets amid the U.S.-China trade war.

PepsiCo Inc. rose in early trading as investors brushed off a lower profit forecast, instead focusing on sales growth in snacks and North American beverages and the company’s plans to return about $8 billion to shareholders this year.

XPO Logistics reported disappointing earnings for the fourth quarter of 2018 and lowered its guidance for 2019 due, in large part, to a sharp drop-off in shipments from its largest customer — believed to be Amazon.com.

Nuro, a robotics company specializing in automating local commerce deliveries, has secured $940 million in funding from the SoftBank Vision Fund, according to a Feb. 11 press release.

Amazon.com is pulling out of a plan to build a headquarters in New York City, after a backlash from some residents and politicians, the e-commerce giant said.

FedEx Logistics will move its global headquarters to the former Gibson Guitar factory building in Memphis, Tenn., according to a Feb. 12 press release.

NFI completed the purchase of SCR Air Services Inc., a Seattle-based freight brokerage firm that specializes in shipping food and other products needing temperature control, the company announced Feb. 11. Terms were not disclosed.

Redwood Logistics said it is acquiring Strive Logistics, a move that will create a multimodal freight brokerage firm with more than $1 billion in freight under management.

Tesla Inc. is loading as many Model 3 sedans as it can onto vessels destined for the People’s Republic ahead of March 1, when a trade-war truce between presidents Donald Trump and Xi Jinping is scheduled to expire.

Defending the incentive package to attract Amazon.com Inc.’s HQ2 to New York City, Mayor Bill de Blasio said the prospect of the tech giant bringing tens of thousands of jobs to the area was “mission critical.”