Well if they're buying the food and drink and providing it to their employees then it's literally part of their business operations.
Disclaimer: makes good choices and am health nut.
Other Americans do not make the same good choices I make.
But I wouldn't say it was regulating. Can you see a difference between being allowed to eat and drink whatever you want, and requiring that your employer provide whatever you want to eat and drink?
If your local shop doesn't happen to sell your favourite drink they aren't regulating you are they? That's just not what that word means.
They're still providing a service to their employees as part of their business operations. People are talking about this like having cans of drinks is some kind of human right that they're entitled to. I'm arguing that it's a business decision and totally up to the employer. There aren't any laws, or I'm arguing any moral imperatives, that means they have to offer you any particular drinks.