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☆ Denver and its craft breweries embrace nonalcoholic beer, spirits
▼ + stars: | 2024-04-09 | by ( Laya Neelakandan | ) www.cnbc.com time to read: +5 min

Denver Beer Co. Courtesy: Denver Beer Co. Alcohol-free beverage options have skyrocketed over the past few years, and that trend has especially picked up in the form of nonalcoholic beer in Denver, an epicenter for craft breweries. Courtesy: Ceria Brewing CompanyDenver's beer sceneFood trend expert Kara Nielsen said that because Denver is such a beer-centric city, the rise of nonalcoholic beer and spirits fits with the city's narrative. But then, he said, nonalcoholic and alcohol-free beer became trendy, attracting more mainstream customers.

Persons: Technomic, Keith Villa, Villa, Jodi, Keith, Jodi Villa, Kara Nielsen, Nielsen, It's, Niki Sawni, Sawni, he's, hasn't, Niki, Anika Sawni Organizations: Denver Beer, Denver Beer Co, Anheuser, Busch, Ceria Brewing Company, CNBC, Ceria Brewing, Grüvi Locations: Denver, Rocky, Technomic, NielsenIQ, Colorado

☆ Stocks making the biggest moves premarket: American Eagle Outfitters, Ally Financial, Molson Coors Beverage and more
▼ + stars: | 2024-04-09 | by ( Sarah Min | ) www.cnbc.com time to read: +1 min

Check out the companies making headlines before the bell: American Eagle Outfitters — Shares popped 4% following an upgrade by JPMorgan to overweight from neutral. Freeport-McMoRan — Shares jumped 1.9% after Bank of America upgraded the American mining company to buy from neutral, saying it has "blue chip copper exposure." Molson Coors — Shares gained 1.9% after Goldman Sachs upgraded the brewing company to buy, saying the company can benefit as it expands its shelf space in retailers. Ally Financial — The financial services company added nearly 2% after being upgraded to buy from neutral at Bank of America. The bank's analysts believe Ally Financial may see higher earnings than anticipated, less earnings volatility and that its potential credit leverage may be underestimated.

Persons: Molson, Goldman Sachs, Ally, — CNBC's Michelle Fox Organizations: Eagle Outfitters, JPMorgan, Bank of America, Molson Coors —, Ally, Google, Pfizer Locations: Freeport

☆ Stocks making the biggest moves midday: Boeing, Norfolk Southern, Nvidia & more
▼ + stars: | 2024-04-09 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

BlackBerry — BlackBerry shares popped more than 9% after the company announced a partnership with Advanced Micro Devices on robotics systems. Neogen Corp — The food safety stock shed 9% after the company reported a surprise loss of 1 cent per share. The company also trimmed its previous guidance, saying it now expects revenue to range between $920 million and $910 million for the full year. Norfolk Southern announced that it reached a $600 million settlement related to its derailment in East Palestine. Nvidia — Shares fell more than 2%, putting the chipmaker on track for its fifth losing session in six.

Persons: Tilray, FactSet, Goldman Sachs, Molson Coors, Molson, — CNBC's Michelle Fox, Sarah Min, Pia Singh, Yun Li Organizations: Moderna, Reuters, Merck, Boeing, New York Times, Google, American Eagle Outfitters, JPMorgan, Eagle Outfitters, Bank of America, EV, Molson, Pfizer, Neogen Corp, Norfolk Southern, Nvidia —, Netflix Locations: East Palestine

☆ How Athletic Brewing Co. became the king of nonalcoholic beer
▼ + stars: | 2024-03-11 | by ( Devan Burris | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow Athletic Brewing Co. became the king of nonalcoholic beerAthletic Brewing Co. is a midsize craft brewing company based out of Milford, Connecticut. Like most craft brewing operations, Athletic Brewing pumps out IPAs, dark beers, lite beers, hazy, special edition and maybe even fruity offerings during the summer. Similar to other breweries, you'll find huge industrial barrels of hops and wheat, and maybe a couple of brewing awards displayed. But the one thing you won't find at Athletic Brewing is alcohol.

Organizations: Brewing Co, Athletic Brewing Locations: Milford , Connecticut

☆ Bud Light boycott likely cost Anheuser-Busch InBev over $1 billion in lost sales
▼ + stars: | 2024-02-29 | by ( Hanna Ziady | ) edition.cnn.com time to read: +2 min

London CNN —The world’s largest brewer may have lost as much as $1.4 billion in sales because of the backlash to its brief partnership with a transgender influencer to promote Bud Light beer. Anheuser-Busch InBev (BUD) reported record revenues for 2023 Thursday but said its “full growth potential was constrained” by its US business, where sales were hurt by a boycott of Bud Light over a sponsored Instagram post with Dylan Mulvaney. In North America, organic revenue, seen as the best measure of operating performance, plunged $1.4 billion last year as beer sales by volume tumbled in the region, primarily due to a decline in Bud Light sales in the United States. Bud Light sales tanked after the company’s partnership with Mulvaney sparked an anti-trans backlash and calls for a boycott. The firestorm saw Mexican lager Modelo Especial dethrone Bud Light last May as America’s top-selling beer, a title the brand had held for more than two decades.

Persons: BUD, Bud Light, Dylan Mulvaney, Beer, Mulvaney, Bud, Aarin, Hargreaves, ” Organizations: London CNN, Bud, Anheuser, Busch InBev, Bud Light, Modelo, “, Teamsters, InBev, InBev’s, Budweiser Brewing Company Locations: North America, United States, InBev’s Asia, Hong Kong, South Korea, China

☆ AtmosZero wants to decarbonize industrial steam. Check out the 14-slide pitch deck it used to raise $21 million.
▼ + stars: | 2024-02-20 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

Read previewA startup that wants to help decarbonize industrial steam has raised $21 million in a Series A round. Colorado-based AtmosZero, launched in 2022, has developed a drop-in replacement for fossil fuel boilers that are used to produce steam. Steam is used in a variety of industrial processes, from beer to papermaking, and in district heating. Most steam applications need temperatures of between 100 degrees Celsius to 225 degrees Celsius, Salvi said. AtmosZero's first product can achieve 165 degrees Celsius, with the company eyeing 200 degrees Celsius in the coming years.

Persons: —, Ashwin Salvi, we're, Salvi, There's, AtmosZero Organizations: Service, Business, New Belgium Brewing Company, US, Ventures, Constellation Technology Ventures, Constellation Energy, Energy Impact Partners, Starlight Ventures, US Department of, Decarbonization Locations: Colorado, Europe, Amsterdam

☆ A Las Vegas suburb is gearing up for a Super Bowl economic boost
▼ + stars: | 2024-02-07 | by ( Jacob Zinkula | Madison Hoff | ) www.businessinsider.com time to read: +5 min

Up to 450,000 people are expected to be in Vegas by Super Bowl weekend, and this influx of people has caused the city's hotel prices to surge. When big events come to town, whether it be the Super Bowl or Taylor Swift's Eras Tour , cities tend to get an economic boost . These economic impacts don't stop at cities' boundaries: surrounding areas like Boulder City could see an uptick in visitors and spending as well. He expects a similar — if not bigger impact — during Super Bowl week. An individual familiar with the airport's operations told the Las Vegas Review-Journal in a late January story that the airport's bookings around Super Bowl weekend were almost full to capacity.

Persons: —, Christina Bennett, Rob Loredo, Loredo, Raffi Festekjian, Festekjian, Todd Cook, Cook, it's Organizations: Service, Vegas, Kansas City Chiefs, San Francisco 49ers, Allegiant, Super Bowl, Business, BI, Super, Formula, Las Vegas, Boulder City Municipal, Boulder Dam Brewing Company Locations: Boulder City , Nevada, Vegas, Las Vegas, Boulder, Boulder City

☆ Corona-maker AB InBev to have first beer sponsorship with the Olympics
▼ + stars: | 2024-01-12 | by ( Micah Washington | ) www.cnbc.com time to read: +1 min

Anheuser-Busch InBev has scored a sponsorship for the upcoming Olympic Games, making it the first beer brand to ever sponsor the event. Corona Cero, one of AB InBev's non-alcoholic beers, contains less than 0.5% alcohol by volume, according to the company's website. It has a "characteristic as a category that is incredible, which is beer is local," Doukeris said. Disclosure: CNBC parent NBCUniversal owns NBC Sports and NBC Olympics. NBC Olympics is the U.S. broadcast rights holder to all Summer and Winter Games through 2032.

Persons: Corona, Doukeris, CNBC's Arabile Gumede, Dylan Mulvaney, Bud Organizations: Anheuser, Busch InBev, Games, Olympic Committee, IOC, Corona Cero, InBev's, InBev, Bud Light, Modelo Especial, U.S ., CNBC, NBCUniversal, NBC Sports, NBC Olympics, NBC Locations: Los Angeles, U.S

Indeed, studies show that drinking alcohol is less in vogue with younger millennials and Gen Z. Mounting concern around weight loss drugs GLP-1 drugs, which mimic the action of the glucagon-like peptide-1 hormone and stimulate insulin secretion after a meal, lower blood sugar and send feeling of fullness to the brain. What's more, GLP-1 drugs are an overwhelmingly American topic, with most Europeans unaware of them or unwilling to pay high prices. In total, GLP-1 users are only a very small slice of total alcohol consumers, said Spiros Malandrakis, lead alcohol industry researcher at Euromonitor International. The most vulnerable purveyors are those that are trailing the shift in consumption, notably domestic, non-premium beer brands.

Persons: Katie Pell, Pell, wasn't, millennials, Eli Lilly's Mounjaro, Goldman Sachs, Jason English, Nadine Sarwat, Bernstein, Sarwat, Spiros Malandrakis, —, BUD YTD, who'd, Mickey Velado, Brian Sudano, Nell Healy, Healy, she's, Malandrakis, Ryan Brigden, Brigden, Sudano, Joseph Gabelli, Gabelli, Z, there's, it's, Garrett Nelson, They've, seltzer, Nelson, Molson Coors, Bud, he's Organizations: Gallup, Drugs, Nordisk's Ozempic, JPMorgan, CNBC, Euromonitor, Anheuser, Busch Inbev, Beverage Marketing, Constellation, Guinness, Corona, Heineken, Athletic Brewing Company, Heineken Holding, Carlsberg, Constellation Brands, Malandrakis, Beverage, Gabelli, Diageo, Molson Coors, Busch InBev, Molson, Anheuser Busch Locations: Brooklyn, U.S, GLP, imbibing, Angeles, Colorado, Washington, California, North Carolina, San Francisco Bay, Europe, British, Brazil, India

Amanda McDaniel, a member of the preservation alliance, is rooting for Jordan’s speaker bid — seeing in him the same principles she holds. It is not an approach that builds consensus — a previous Republican speaker to brand him a “legislative terrorist” — even as he has steadily parlayed it into political success. Mr. Jordan embraced right-wing populism long before the Tea Party or Donald Trump made into a national force. Eric Forson, 50, said that when he wrote to his elected representatives during the 2013 government shutdown, Mr. Jordan was the only one who responded. Ms. Esch and her husband, Mike, 57 were both hopeful that Mr. Jordan would drum up the votes needed to take the speaker role on Wednesday.

Persons: Jim Jordan, Amanda McDaniel, ”, McDaniel, Jordan, “, Katie Porter, Porter, Mr, Jordan’s, Donald Trump, grimaces, Jim wasn’t, Brian Seaver, Eric Forson, Forson, he’s, Missy Esch, . Esch, Mike, Mike Esch Organizations: Champaign County Preservation Alliance, Ohio, Ohio General, Caucus, Tea Party, Lima Correctional, State Senate, Urbana Brewing Company Locations: Champaign, Urbana, Ohio, Washington, Lima, Jordan’s

The cannabis company Tilray expanded its position in the craft brew industry, completing the acquisition of eight beer brands from Anheuser-Busch that it had announced over the summer. Included in the deal are well known labels like Shock Top, Breckenridge Brewery, Blue Point Brewing Company, 10 Barrel Brewing Company, Redhook Brewery, Widmer Brothers Brewing, Square Mile Cider Company, and HiBall Energy. The New York City company also owns SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, and Green Flash Brewing Company. Tilray said that the transaction, which was announced in August, will triple its beer sales volume from four million cases to 12 million. A deluge of criticism and hate erupted soon after Mulvaney cracked open a Bud Light in an Instagram video.

Persons: Tilray, Tilray Brands, Irwin Simon, Busch, Bud Light, influencer Dylan Mulvaney, Mulvaney, Bud Light’s, Bump Williams Organizations: Anheuser, Busch, Breckenridge Brewery, Point Brewing Company, Brewing Company, Redhook, Widmer Brothers Brewing, Cider Company, HiBall Energy, Tilray, New, SweetWater Brewing Company, Montauk Brewing Company, Alpine Beer Company, Green Flash Brewing Company, Modelo, Nielsen, Bump Williams Consulting Locations: New York City

☆ Anheuser-Busch says it has stopped cutting tails of Clydesdales
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

The Budweiser brewing company Clydesdale horses arrive for the second 2016 U.S. presidential debate at Washington University in St. Louis, Missouri, October 7, 2016. REUTERS/Rick Wilking/File Photo Acquire Licensing RightsSept 20 (Reuters) - Brewer Anheuser-Busch said on Wednesday it has stopped cutting off the tails of Clydesdale horses used in publicity for its Budweiser brand of beer after People for the Ethical Treatment of Animals (PETA) launched a campaign against the practice. "The safety and well-being of our beloved Clydesdales is our top priority. The practice of equine tail docking was discontinued earlier this year," Anheuser-Busch, part of the Anheuser-Busch InBev (ABI.BR) global brewing giant, said in a statement. PETA launched its campaign against docking just before the big game last February.

Persons: Rick Wilking, Brewer Anheuser, Busch, Daniel Trotta, Edwina Gibbs Organizations: Budweiser, Clydesdale, Washington University, REUTERS, Animals, PETA, Anheuser, Busch, Busch InBev, American Veterinary Medical Association, Super, Thomson Locations: St, Louis , Missouri, Scotland

☆ Anheuser-Busch Says It Has Stopped Amputating Tails of Budweiser Clydesdales
▼ + stars: | 2023-09-20 | by ( Orlando Mayorquin | More About Orlando Mayorquin | ) www.nytimes.com time to read: +1 min

Facing pressure from animal rights activists, Anheuser-Busch announced on Wednesday that it had ended the practice of amputating the tails of its Budweiser Clydesdales, the familiar equine figures in the brewing company’s advertising campaigns for nearly a century. The move came as Anheuser-Busch, Budweiser’s parent company, has faced criticism for the practice, which is banned in several countries and has been denounced as inhumane by animal welfare organizations. “The safety and well-being of our beloved Clydesdales is our top priority,” an Anheuser-Busch spokeswoman said in a statement on Wednesday. “The practice of equine tail docking was discontinued earlier this year.”Earlier this year, Anheuser-Busch drew criticism after the release of an investigation by People for the Ethical Treatment of Animals, or PETA, that documented the amputations at breeding and training facilities for the Budweiser Clydesdales in Missouri.

Persons: “, Busch Organizations: Anheuser, Busch, Budweiser, PETA Locations: Missouri

☆ Maui business owners need tourism to survive, but say visitors should rethink how they use resources: 'It's not Disneyland'
▼ + stars: | 2023-08-27 | by ( Noah Sheidlower | Juliana Kaplan | ) www.businessinsider.com time to read: +9 min

Now, businesses say they need tourism to stay afloat and keep their workers employed. Kawakami said in the short term, though, local businesses need visitors to come back. But right now, local businesses need tourists in the short run to survive, and some told Insider that residents urging tourists to stay away were misguided. What locals say relief should look likeOn Thursday, Sen. Brian Schatz of Hawaii said on Twitter that South Maui resorts "NEED visitors," adding "now we have housed virtually everyone, temporarily." AdvertisementAdvertisement"It was through the efforts of local community, not the government," Nakoa said.

Persons: Garrett Marrero, Marrero, Kyle Kawakami, Kawakami, COVID, we're, Kaniela Ing, " Marrero, Sen, Brian Schatz, Josh Green of, Green, Ing, Julia Tallman, Leonard Junya Nakoa, Nakoa, Tallman, She's, she's Organizations: Service, Maui Brewing Company, Maui Brewing, —, Green New Deal Network, Hawaii, Twitter, Maui Economic Development Board, New Deal Locations: Maui, Wall, Silicon, Lahaina, West Maui, Josh Green of Hawaii

☆ A Canadian cannabis company may soon own your favorite craft beer brands
▼ + stars: | 2023-08-08 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

Canadian cannabis company Tilray is one of the biggest craft beer sellers in the US. On Monday, Anheuser-Busch said it was selling 8 craft beer brands to Tilray. Bud Light parent company Anheuser-Busch said on Monday that it was selling off eight of its craft beer brands to a Canadian cannabis company that's been inching into the craft beer space for quite some time now. It would make Tilray the 5th-largest craft beer company in the US, up from its 9th place ranking today, according to analysts from Jefferies. TD Cowen analysts said that craft beer sales declined 6% in 2021 and 9% last year.

Persons: Busch, Bud Light, Bud, that's, Jefferies, TD Cowen, Rafael Marchante, influencer Dylan Mulvaney Organizations: Anheuser, Service, Bud Light, Brands, Breckenridge Brewery, Point Brewing Company, Brewing Company, Redhook, Widmer Brothers Brewing, Cider Company, HiBall Energy, Jefferies, Montauk Brewing Company, SweetWater Brewing Company, Breckenridge, Reuters, US, Busch, Wall, Tilray Locations: Wall, Silicon, Canada, New York, Breckenridge Distillery, Cantanhede, Portugal, Washington

☆ Aspen for Cheapskates
▼ + stars: | 2023-08-07 | by ( Elaine Glusac | ) www.nytimes.com time to read: +1 min

Over an $8.50 pint of craft beer from Aspen Brewing Company, which is comparable to what I pay at home in Chicago, I realized that Aspen, Colo., is not expensive by big-city standards. The Economic Research Institute, which compiles financial data for public and private organizations, pegs the cost of living in Aspen at 51 percent higher than the average in the United States, a little less than a city like Seattle. As a professionally penny-pinching traveler, I try to avoid paying urban prices in the mountains. In the summer in Aspen, apart from my weakness for microbrews, I didn’t have to. Cycling, if you can avoid expensive rentals, is a bargain.

Persons: Parks Organizations: Aspen Brewing Company, Aspen, Economic Research Institute, Prada, Parks beckon Locations: Chicago, Colo, Aspen, United States, Seattle

☆ A brewery is making beer with recycled wastewater, purified using a process developed by NASA
▼ + stars: | 2023-07-22 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

A brewery in California is using recycled wastewater to make beer, the New York Times reports. The company is using technology designed by NASA for astronauts to recycle water in space. Recycled wastewater tends to actually be cleaner than the water breweries can get on-site, multiple brewery owners told the Times. Last year, Stanford professor William Mitch published a study showing that wastewater recycled using reverse osmosis resulted in a product as clean as groundwater, sometimes even more so. Just last month, NASA reported that scientists on the International Space Station had successfully recycled 98% of their wastewater for the first time.

Persons: William Mitch, Chris Garrett Organizations: New York Times, NASA, Breweries, Service, Policy Breweries, Brewing Company, Times, Stanford, Space Station Locations: California, United States, , California

☆ Anchor Workers Want to Save Their Brewery by Buying It
▼ + stars: | 2023-07-20 | by ( Christine Hauser | More About Christine Hauser | ) www.nytimes.com time to read: +1 min

Unionized workers at Anchor Brewing Company, the oldest craft brewer in the United States, want to buy the 127-year-old company and run it as a co-op to save it from shutting down, a union official said. The workers have “decided to launch an effort to purchase the brewery and run it as a worker co-op,” according to a proposal letter from the Anchor employees. Pedro de Sá, the business agent at International Longshore and Warehouse Union Local 6, whose members include workers at Anchor, sent the proposal on Wednesday to Mike Minami, the president of Sapporo USA, which owns the company. “All we want is a fair shot at being able to continue to do our jobs, make the beer we love, and keep this historic institution open,” the letter said. “We do not want the brewery and brand we love to be sold off before we even had a chance.”

Persons: Pedro de Sá, Mike Minami, “, ” Organizations: Anchor Brewing Company, Anchor, Warehouse Union, Sapporo Locations: United States, Sapporo USA

☆ Anchor Brewing, the Oldest Craft Brewer in the U.S., Will Close After 127 Years
▼ + stars: | 2023-07-13 | by ( Livia Albeck-Ripka | More About Livia Albeck-Ripka | ) www.nytimes.com time to read: +1 min

But recent economic pressures proved too much for the oldest craft brewer in the country: After 127 years, Anchor Brewing Company is shutting down. Anchor added that although it had stopped brewing, it would continue packing and distributing beer while available. In 2021, Anchor Brewing tried to adapt, rebranding and bottling and canning more of its beers to sell in grocery stores. But those changes “couldn’t make up for the significant loss of sales,” he added. In a last-ditch attempt to stay afloat, Anchor limited sales of its beer to California, and stopped producing one of its products, a Christmas ale.

Persons: ” Sam Singer Organizations: Anchor Brewing Company, ” Employees, Anchor Brewing Locations: Sapporo, California

☆ Makers of San Francisco's famed Anchor Steam beer are going out of business
▼ + stars: | 2023-07-13 | by ( David K. Li | ) www.cnbc.com time to read: +4 min

Person's hand holding bottle of California Lager from Anchor Brewing Company, maker of Anchor Steam Beer, Lafayette, California, July 12, 2023. A spokesperson for the Brewers Association, which represents more than 5,400 brewers, distributors and craft beer retailers, said the trade group doesn't normally, by policy, comment on the opening or closing of any beer company. But the impending closure of Anchor Brewing — an iconic San Francisco staple as famous as sourdough bread, Ghirardelli Chocolate or Rice-A-Roni — prompted it to offer a heartfelt eulogy. "Anchor's contributions to craft brewing and American beer history cannot be overstated," chief economist Bart Watson said in a statement. Anchor Brewing was purchased in 2017 by Sapporo U.S.A. A representative for the company couldn't immediately be reached for comment Wednesday.

Persons: Smith, Sam Singer, Singer, Roni —, Bart Watson, Watson, couldn't Organizations: California Lager, Anchor Brewing Company, Steam, Brewing, NBC News, Brewers Association, Sapporo U.S.A Locations: California, Lafayette , California, San Francisco, Potrero Hill

☆ A Perfect Weekend in Telluride
▼ + stars: | 2023-07-13 | by ( Cindy Hirschfeld | ) www.nytimes.com time to read: +2 min

Post-adventure, go for the summer version of après-ski at a trio of spots around Mountain Village. Telluride Brewing Company pours its refreshing I.P.A.s and other ales at a brewpub in the Hotel Madeline building (the brewery’s original tap room just west of Telluride remains a hub for locals who stream in after biking and kayaking.) Where to StayThe Telluride area has no shortage of luxe hotels, with the biggest concentration in Mountain Village. On the west side of town, the Hotel Telluride (rooms from $369) is a reliable option, with friendly service and a relaxed vibe. If you have a car and a limited budget, consider the Bivvi Hostel Telluride, open since 2020 in Placerville, about 16 miles down the valley.

Persons: Franz Klammer, Luz, margarita, Joy Itthithepphana, Bryan Woody, Cheyenne Organizations: Company, Telluride Brewing Company, Madeline, Hotel, Telluride Locations: Village, Telluride, La, luxe, Bernard, Hotel Telluride, Placerville

☆ Cargill enters dispute for Brazil soy crusher's assets
▼ + stars: | 2023-06-16 | by ( Ana Mano | ) www.reuters.com time to read: +2 min

In court documents seen by Reuters, Cargill expressed interest in bidding for the assets but sought clarification about the liabilities attached to the plants. Geraldo Gouveia Jr, Imcopa's attorney, told Reuters the bankruptcy judge has made no decision yet related to the request to suspend the court-supervised auction. Bunge, which has long sought to acquire Imcopa's assets, signed a contract to buy the Araucaria and Cambe plants in May 2020. Citing bankruptcy court filings, Imcopa's Gouveia Jr said Bunge has publicly reiterated interest in buying Imcopa's plants. The assets remain attractive because they produce high value soy byproducts for export and the domestic market.

Persons: Cargill, Bunge, Geraldo Gouveia Jr, Imcopa's Gouveia Jr, Ana Mano, David Evans Organizations: SAO PAULO, Reuters, Bunge, Imcopa, Thomson Locations: Parana, Paranagua, Brazil

☆ Bud Light lost its sales crown to Modelo Especial amid right-wing backlash, report finds
▼ + stars: | 2023-06-10 | by ( Leslie J. Allen | ) www.businessinsider.com time to read: +2 min

Bud Light sales dropped 23% in May, according to data from research firm Circana. Bud Light sales plunged 23% year-over-year in May to $297.3 million, according to data compiled by consumer-behavior research firm Circana and shared with Insider. Anheuser-Busch suffered weeks of backlash from a Bud Light promotion featuring trans influencer Dylan Mulvaney. Analysts at JPMorgan recently warned that Bud Light sales could drop as much as 13% this year. Rounding out the top five in beer sales for May were Michelob Ultra, Coors Light, and Miller Lite, Circana reports.

Persons: Bud, —, Bud Light, influencer Dylan Mulvaney, Dylan Mulvaney, Gene J, Rob Kim, Bud Light's, Miller Organizations: Bud Light, Modelo, Service, Especial, Constellation Brands, Conservative, Anheuser, Busch, Associated Press, JPMorgan, Coors

☆ These Bill Gates-backed startup founders turn water from the shower drain into beer: 'Rest assured with the science'
▼ + stars: | 2023-06-08 | by ( Ashton Jackson | ) www.cnbc.com time to read: +1 min

Take, for example, Epic OneWater Brew: a Kölsch-style ale made from purified shower, laundry and sink water. It's the brainchild of Epic Cleantec, a San Francisco-based water reuse technology company born from the Bill and Melinda Gates Foundation's "Reinvent the Toilet Challenge." The company primarily creates wastewater reuse and treatment systems, not beer. Epic Cleantec can't sell its beer, made in partnership with Devil's Canyon Brewing Company, due to strict federal and state laws. But it can give the ale away for free to spread awareness and "showcase the untapped potential of water reuse," Aaron Tartakovsky, the company's CEO, tells CNBC Make It.

Persons: Melinda Gates, — Ilan Levy, Oded Halperin, Igor, Aaron Tartakovsky —, Aaron Tartakovsky Organizations: Gates Foundation, Devil's, Brewing Company, CNBC Locations: States, San Francisco

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