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In 2021, 64.3 million millennials made online purchases, compared to a projected 64.4 million in 2023, according to Insider Intelligence. By contrast, 37.2 million Gen Zers made online purchases in 2021 compared to a projected 45.5 million in 2023. "But in terms of bringing new customers into a brand, I'm not hearing conversations every week about getting more millennials — it's 'Gen Z, Gen Z, Gen Z.'" While Watford's mandate also includes non-Gen Z millennials, some in the advertising industry have shifted focus onto Gen Z, which is more open to brand messaging, particularly in environments like video games. So if you're targeting Gen Z, you're not just targeting Gen Z."
Persons: Gen Z, Gen, Zers, Sarah Engel, it's, Z, Zena Arnold, Jenny Lewis, Lewis, Comscore, Magna, Pandora, SiriusXM, Suzi, Ann Hand, they're, Barbie's Dreamhouse, Hand, Digital's Engel Organizations: Companies, Intelligence, Nielsen, Edison Research, Spotify, YouTube, Super League Gaming, Mattel, League Gaming Locations: Roblox
[1/5] Cattle move throughout a pasture during a heat wave, on rancher David Henderson's ranch property, in Tennessee Colony, Texas, U.S. August 3, 2023. REUTERS/Evan GarciaTENNESSEE COLONY, Texas, Aug 10 (Reuters) - The brown and black cattle of Texas, beloved symbols of the Lone Star state, walk through desiccated grass and stand in shrunken watering holes while their ranchers struggle to get them enough food. Henderson, 62, manages a herd of about 150 cows in Tennessee Colony in East Texas, and said he sold roughly 30 cows in 2022 due to the drought. Texas State Climatologist John Nielsen-Gammon predicts extreme heat spurred by global warming will become the norm. And that, in addition, means that the heat extremes will be that much hotter and that much more severe."
Persons: David Henderson's, Evan Garcia TENNESSEE, David Henderson, Henderson, John Nielsen, Gammon, Nielsen, Jimmy Reed, Reed, Corey Davis, Davis, Evan Garcia, Mary Milliken, Rosalba O'Brien Organizations: REUTERS, Lone Star, Texas Farm Bureau, Texas State, Tennessee Colony, Thomson Locations: Tennessee Colony , Texas, U.S, Texas, Tennessee Colony, East Texas, Tennessee
That means Netflix, which is the only streaming company making real money. There's been a race between the major media companies to acquire users over the past several years, something you could describe as the "Netflix effect." There used to be a few dominant media companies, then the internet and cell phones arrived, and there was a fresh wave of competition and innovation. There's a strong chance that we're now moving back to a world where there's a few dominant media companies, albeit in different industry structures. And arguably, these new dominant media companies are more powerful than the old dominant media companies.
Persons: Andy Warhol, I'd, Warhol, it's, Henry Blodget, Here's what's, That's, I'm, Bob Iger, There's Organizations: Intelligence, Hulu, YouTube, Spotify, New York Times, Street, Netflix, Warner Bros, Paramount, Disney, ABC, FX, ESPN Locations: Hulu
What started the spiked beverage trend? Spiked beverages have been around for a while. For decades, it was “generally frowned upon” for non-alcoholic beverage brands to enter the alcoholic beverage market, Stanford said. Hard seltzer, meanwhile, had $3.8 billion in sales over the past 12 months, a 14% decline compared to last year. The nostalgia generationEvery year, the alcoholic beverage industry gets a new class of (legal) drinkers to sell to.
Persons: It’s, Casey Brooke Lawson, , Duane Stanford, Stanford, Jamie Wideman, Caleb Bryant, seltzer, Seltzer, Timothy A, Clary, Dan White, , Bryant, Adam Rogers, Coke, Jack Daniel’s Tennessee, Brown, Forman, Absolut, Nielsen, Hard seltzer, who've, Ilene Bergenfeld, SunnyD Organizations: New, New York CNN, MTN, Beverage Digest, Brands, , Molson Coors, CNN, Coca, Getty, Coors, Jack Daniel’s Tennessee Whiskey, Delight, Harvest Hill Beverage Company Locations: New York, Fresca, AriZona, Mintel, United States, AFP, Topo Chico
TikTok trendsetter e.l.f. models beauty's new look
  + stars: | 2023-08-02 | by ( ) www.reuters.com   time to read: +2 min
cosmetic products are seen for sale in a store in Manhattan, New York City, U.S., June 29, 2022. REUTERS/Andrew KellyNEW YORK, Aug 2 (Reuters Breakingviews) - Social-media savvy makeup brand e.l.f. Boss Tarang Amin has chased this growth through heavy online advertising, including collaborations with TikTok influencers. While not necessarily cheaper than the old guard’s approach - sales, general and administrative spend is a similar share of revenue at both e.l.f. With Amin promising to ramp up marketing spending even further, the pressure for older peers to touch up their look grows.
Persons: Andrew Kelly NEW, Boss Tarang Amin, TikTok, Nielsen, Estee Lauder, Amin, Anita Ramaswamy, Aston Martin, Jonathan Guilford, Sharon Lam Organizations: REUTERS, Andrew Kelly NEW YORK, Reuters, Jefferies, Twitter, Thomson Locations: Manhattan , New York City, U.S, e.l.f
The Women's World Cup is a big focus for brands to reach a growing audience. The US Women's National Team's latest Women's World Cup match against the Netherlands drew record viewership on July 26, with around 6.4 million viewers. Most of those eyeballs came from the NCAA women's basketball tournament, for which the company had 141 million household views. The Women's World Cup, which kicked off July 20 in Australia and New Zealand, offers another significant opportunity for companies to reach the growing audience of women's sports fans. July 28, 2023: This story has been updated to reflect viewership for the latest USWNT match in the Women's World Cup.
Persons: it's, Jeff Kearney, Buick, Molly Peck, Peck, Marisstella Marinkovic, Ally Organizations: Buick, Nissan, US, Fox Sports, WNBA, NWSL, Gatorade, Lexus, DIRECTV, Armour, Nielsen Sports, NCAA, ESPN, Ally, Google, Nike, Subway, Volkswagen Locations: Netherlands, Australia, New Zealand, Wells Fargo
FRANKFURT/LONDON, July 26 (Reuters) - German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy. At Kaub , the critical chokepoint for Rhine barges, water levels fell to their lowest this year earlier this week. ARTERY OF THE ECONOMYThe impact of low water levels is not limited to big business. But logistics firms are benefiting from rising demand for vessels adapted to lower river levels. "We expect, due to climate change, that the extremes on the river Rhine will happen more often," said Maickel Uijtewaal, general manager at Stolt-Nielsen (SNI.OL).
Persons: Uwe Arndt, Barbara Hoyer, majeure, Roberto Spranzi, Maickel Uijtewaal, Steffen Bauer, Christoph Steitz, Vera Eckert, Ludwig Burger, Patricia Weiss, Rene Wagner, Nette, Tom Kaeckenhoff, Matthias Inverardi, Vincent Flasseur, Barbara Lewis Organizations: Federal Waterways, Shipping Agency, Reuters Graphics, Cologne, BASF, Reuters Graphics Reuters, Kiel Institute, Deutsche Bank, Reuters, Stolt, Nielsen, HGK Shipping, Daniels, Midland Co, Chemicals, Thomson Locations: FRANKFURT, LONDON, Kaub, Europe, Reuters Graphics Germany, Ludwigshafen, HGK, Frankfurt, Berlin, Duesseldorf, London
The Women's World Cup is a big focus for brands to reach a growing audience. The first match of US Women's National Team in the Women's World Cup averaged an audience of 5.3 million viewers on July 21, according to the Associated Press. The AP reported that viewership increased 99% from the team's first match of the 2019 World Cup, per Fox and Nielsen. Most of those eyeballs came from the NCAA women's basketball tournament, for which the company had 141 million household views. The Women's World Cup, which kicked off July 20 in Australia and New Zealand, offers another significant opportunity for companies to reach the growing audience of women's sports fans.
Persons: it's, Jeff Kearney, Buick, Molly Peck, Peck, Marisstella Marinkovic, Ally Organizations: Buick, Nissan, Women's National Team, Associated Press, AP, Fox, Nielsen, WNBA, NWSL, Gatorade, Lexus, DIRECTV, Armour, Nielsen Sports, NCAA, ESPN, Ally, Google, Nike, Subway, Volkswagen Locations: Australia, New Zealand, Wells Fargo
More beers in America are being paired with lime than ever before. The story of how Modelo Especial, a Mexican lager, surpassed Bud Light as the top-selling beer in America predates the conservative backlash that Bud Light faced in April over a collaboration with a transgender influencer. Rather, the factors that, for the better part of a decade, put Modelo on its triumphant track include an increasing preference among American consumers for imported, more expensive beer; a decade-old antitrust deal; and effective marketing campaigns aimed at attracting young, non-Hispanic consumers to the Mexican beer. “Most people in the beer industry have assumed Modelo was going to overtake Bud Light at some point,” said Bart Watson, chief economist for the Brewers Association, a trade group representing over 6,000 American breweries. “It was a question of when, not if.”The switch occurred at the start of June, after Bud Light had held the No.
Persons: Bud Light, , Bart Watson, Modelo, Bud Light’s, Bump Williams Organizations: Modelo Especial, Modelo, Brewers Association, Nielsen Locations: America, Mexican, United States
Listen on the Read the episodeSpain heads to the polls in a tight contest which could bring unconventional coalitions. No surprises are expected inCambodia’s election – but poll-watchers have an eye on strongman Hun Sen’s son's political debut. Team USA kicks off its World Cup soccer mission in rugby-mad New Zealand. Visit the Thomson Reuters Privacy Statement for information on our privacy and data protection practices. Cambodia's Hun Manet makes political debutNielsen's Gracenote predicts US to win third straight World Cup'Barbie' movie: Iconic doll has 'existential crisis' about real worldOur Standards: The Thomson Reuters Trust Principles.
Persons: Hun Sen’s, Barbie, Cambodia's Hun Manet, Gracenote Organizations: Team USA, Thomson, Reading Locations: Spain, Zealand, Reading Spain
Netflix said in its 2Q earnings that subscribers to its ads plan have doubled over the previous quarter. Peter Naylor, VP of global advertising salesPeter Naylor, VP, global advertising sales. Netflix has also brought on several directors and other roles in ad sales who've worked at Hulu, Snap, and elsewhere. Chad Rumminger, who focuses on automotive accounts, from automotive ad sales at Twitter. Julie Taylor Green is head of US vertical ad sales; she was TikTok's director of global business solutions before that.
Persons: execs, they're, Jeremi Gorman, Peter Naylor —, Netflix salespeople, Nielsen, DoubleVerify, Kelly Metz, They've, Gorman, Peter Naylor, who've, Naylor, Julie DeTraglia, Kinsey Tamberrino, He's, Hulu playbook, Adam Gerber, Gerber, he's, it's, She's, Asaf Davidov, DeTraglia, Jon Whitticom, Whitticom, that's, Kinsey Osberg Tamberrino, Michaela Giovengo, Valerie Bischak, Doug Brodman, Victoria Morris, Amy Newton, Joanna Read, Eric Berman, Chad Rumminger, Morgan Tully, Nicole Sabatini, Julie Taylor Green, Chris Smutny Organizations: Netflix, Hulu, ABC, Microsoft, Omnicom Media, Yahoo, Gorman's, ABC Television Group, Disney, Comcast, Viacom Media Network, Amobee, Twitter, Google, Amazon, Tech, Gaming, Entertainment Locations: Hulu, TikTok
Jesse Watters' show on the 8 p.m. slot had about 2.5 million viewers, Fox News said, citing Nielsen. But the number was lower than the reported 3.1 million viewers Tucker Carlson drew in last summer. Tucker Carlson's replacement drew big numbers in his debut in the 8 p.m. time slot on Fox News, but he couldn't beat Carlson's past viewership right off the bat. Jesse Watters' show, "Jesse Watters Primetime," aired Monday on what was once Tucker Carlson's time slot and had 2.5 million viewers, according to Fox News, which cited data from Nielsen Media Research. But Watters' show was "the most-watched program on cable news in primetime" on Monday, according to a statement by Fox News.
Persons: Jesse Watters, Tucker Carlson, Tucker Carlson's, Tucker, Watters, Rachel Maddow, Hannity, Nielsen, outranked Jesse Watters, Carlson, Bill O'Reilly, Russell Brand's Organizations: Fox News, Nielsen, Nielsen Media Research, Fox, MSNBC, Dominion Voting Systems, Twitter
[1/2] U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. Markets are now focusing their attention on U.S. consumer prices data due out on Wednesday, which will provide more clarity on the progress the Fed has made in its fight against stubbornly high inflation. The pound has been rallying on a stronger economy and aggressive repricing of expectations for tighter BoE policy, according to Danske Bank FX analyst Kirstine Kundby-Nielsen. "There have been no signs of relief in the labour market data and markets continue to price in more. Given the rising inflation backdrop in Japan, the market is starting to become more wary that perhaps a policy tweak could come."
Persons: Rick Wilking, Shaun Osborne, Kirstine Kundby, That's, Kundby, Nielsen, Moh Siong Sim, Samuel Indyk, Rae Wee, Edmund Klamann, Alex Richardson, Chizu Organizations: REUTERS, Federal, Scotiabank . Markets, Sterling, Bank of England, Danske Bank, Nielsen, Swiss, greenback, Swiss National Bank, Singapore, Bank of Japan, New Zealand, Reserve Bank of New, Thomson Locations: Westminster , Colorado, U.S, Norwegian, Swedish, Swiss, Japan, Reserve Bank of New Zealand
U.S. interest rate expectations have been a key driver of the dollar since the Fed began its tightening cycle last year. A survey from the New York Federal Reserve on Monday showed waning near-term inflation expectations among Americans, who said last month they were expecting the weakest near-term inflation gains in just over two years. Sterling , meanwhile, hit a near 15-month high of $1.2913 after British wage growth hit a joint record high, heaping pressure on the Bank of England to tighten policy further to bring inflation under control. The pound has been rallying on a stronger economy and aggressive repricing of expectations for tighter BoE policy, according to Danske Bank FX analyst Kirstine Kundby-Nielsen. Elsewhere, the euro rose 0.1% to $1.1012, the Australian dollar steadied at $0.6680, while the New Zealand dollar fell 0.2% to $0.6198.
Persons: Rick Wilking, Shaun Osborne, Sterling, Kirstine Kundby, That's, Kundby, Nielsen, Moh Siong Sim, Samuel Indyk, Rae Wee, Shri Navaratnam, Edmund Klamann, Alex Richardson Organizations: REUTERS, Federal, Fed, Scotiabank . Markets, New York Federal Reserve, Bank of England, Danske Bank, Nielsen, Singapore, Bank of Japan, New Zealand, Thomson Locations: Westminster , Colorado, U.S, . U.S, Japan, China's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope's financial system will begin to fray as ECB continues tightening, says economistThe ECB will hold rates high to avoid admitting they have overtightened, according to Unicredit Chief European Economist Erik Nielsen
Persons: Erik Nielsen
Texas heat is not letting up at night
  + stars: | 2023-06-29 | by ( Evan Bush | ) www.cnbc.com   time to read: +3 min
The heat wave in Texas has offered little reprieve. Heat at night disrupts sleep and prevents the body from recovering and cooling down, making minimum temperatures a critical indicator of a heat wave's severity, experts said. Texas State Climatologist John Nielsen-Gammon said temperatures during this heat wave in the state have threatened records at both ends of the spectrum — including maximums and minimums — in its urban centers. Ebi said the high nighttime temperatures and the prolonged nature of the Texas heat wave are particularly concerning. "A very small percentage of death certificates during a heat wave put down, 'heat' as an underlying cause," Ebi, who studies heat deaths, adding that about half of excess deaths, on average, are from cardiovascular diseases.
Persons: Del, Ben Zaitchik, John Nielsen, Gammon, We've, Kristie, Ebi, Everything's, Nielsen, We're Organizations: National Weather Service, Johns Hopkins University, Nielsen, Center for Health, Global, University of Washington Locations: Texas, Del Rio, San Antonio, Houston, Midland, San Angelo
The U.S. president will attempt to re-introduce his vision of middle-class American prosperity during a speech in Chicago. The philosophy includes taxing the wealthy to invest in areas critical to national security, including semiconductors; educating workers; and improving economic competition, according to aides who previewed the speech for reporters. Trump has made inflation a key element of his attacks on Biden in the early months of the race. "Americans are worse off under Biden," said Republican National Committee chairwoman Ronna McDaniel in a statement. Biden, 80, is also expected to attend a fundraising event while he is in the Chicago area ahead of a deadline for federal fundraising records.
Persons: Joe Biden, Biden, Ronald Reagan, Lael Brainard, Donald Trump, Trump, Ronna McDaniel, Trevor Hunnicutt, Jamie Freed Organizations: U.S, Reuters, Biden, Federal Reserve, Democratic, Republican, Biden's, Economic, Nielsen, Republican National, Thomson Locations: Chicago, U.S
Lehmann told talkSPORT recently: "Some people just see Instagram and social media and don't even know I actually play football ... Lehmann, who scored six goals in 31 games for Aston Villa this season and has 38 caps, comes in ahead of Spain midfielder Alexia Putellas, U.S. striker Morgan, and England captain Leah Williamson, who will miss the World Cup with a knee injury. Each Instagram post from Lehmann and Putellas, who in 2021 was the first player to win the UEFA Women's Player of the Year, Ballon d'Or Feminin and The Best FIFA Women's Player award in the same year, deliver over $100,000 of media value to brands. The rankings, created ahead of the World Cup that kicks off on July 20 in Australia and New Zealand, are based on Nielsen's measurement tool InfluenceScope. Cristiano Ronaldo has the most Instagram followers among male players with over 530 million.
Persons: Alisha Lehmann, Alex Morgan, Jon Stainer, Nielsen InfluenceScope, MJ Jones, Roger Federer, Lehmann, talkSPORT, Alexia Putellas, Morgan, Leah Williamson, Putellas, Germany's Jule Brand, Megan Rapinoe, Jordyn Huitema, Alessia Russo, Sakina Karchaoui, Cristiano Ronaldo, Lori Ewing, Ken Ferris Organizations: Nielsen Sports, EA Sports, Coca, Twitter, Aston Villa, UEFA, FIFA, VfL Wolfsburg, Thomson Locations: MANCHESTER, England, Swiss, Spain, U.S, Nielsen's, Marta, Brazil, Canada, France, Australia, New Zealand
Meghan Trainor, the pop star, is sitting in an empty marble bathtub, fully clothed and flanked by two of her friends. The three of them begin soulfully crooning an a cappella version of “Made You Look,” the hit single Ms. Trainor released in the fall, nailing every note for about half a minute. Then they stop, look at one another and scream with delight. TikTok users went wild for that snippet in November, sending it past 100 million views and attracting comments like “I’m certain this is playing at the gates of heaven.” It’s now Ms. Trainor’s most popular video on the platform. Ms. Trainor won the Grammy for best new artist in 2016.
Persons: Meghan Trainor, Trainor, ” It’s, hadn’t, , Nielsen, Ms
Bank of America upgrades XP to buy from neutral Bank of America said the Brazilian investment company's shares will re-rate higher. JPMorgan reiterates Amazon as overweight JPMorgan reiterated the stock as a top idea and said it sees a runway for more growth for Amazon Prime. " Deutsche Bank adds a catalyst call buy on Walgreens Deutsche says it's bullish heading into earnings next week. Bank of America reiterates Eli Lilly as buy Bank of America said the biopharma company is still one of the firm's favorite ideas. Bank of America reiterates Broadcom as buy Bank of America raised its price target on AI beneficiary Broadcom to $1,050 per share from $950.
Persons: Fargo, Goldman Sachs, Wells, Bud, Bud Light, Bernstein, Kellogg, underperform Bernstein, Morgan Stanley downgrades Tesla, Morgan Stanley, Tesla, " Bank of America downgrades Dow, DOW, it's, Riley, Expedia, TripAdvisor, Eli Lilly, Lilly, Raymond James, Alcoa, Piper Sandler, Piper Organizations: Bank of America, of America, Deutsche Bank, Anheuser Busch InBev, Deutsche, Nielsen, JPMorgan, Amazon Prime, Kellogg, " Bank of America, Walgreens Deutsche, Microsoft, Apple, Developers, Broadcom, Alcoa, Citi, Boston Scientific Citi, PFA, Card Locations: Brazil
In 7 Great Cities, 7 Great Walks
  + stars: | 2023-06-19 | by ( Christine Chitnis | The New York Times | ) www.nytimes.com   time to read: +32 min
Urban Walks In 7 Great Cities, 7 Great Walks The pleasures of strolling through an urban landscape are manifest. Credit... Joann Pai for The New York Times Its organically styled bouquets feel as though they’ve been freshly picked from the garden. Credit... Joann Pai for The New York Times Image Astier de Villatte specializes in antiques and tableware. Three quarters of a mile into the walk, you’ll be standing atop the first of three mountains, the 1,100-foot-high Inwangsan. Credit... Petrina Tinslay for The New York Times Few cities are so abundant with forest-like parks, coastal walks and beaches as Sydney, which is best explored on foot.
Persons: Joann Pai, Sandra Sigman, , Sigman, de Mars, you’ll, Dominique, Boulangerie Laurent B, Bellechasse, Germain, Bac, Pierre Hermé, monsieur, Le, Rue de Babylone, Sèvres, Rue de l’Abbaye, de Furstemberg, Furstemberg, they’ve, Tournon —, Villatte, Queen Marie de ’, Palazzo Pitti, Fna, Imane, , Rue Riad Zeitoun, Rue Djane Ben Chegra, Rue Laarassi, darija, Rue Sidi Boulabada, Rue Bab Ahmad, Rue Bin Lafnadek, Michael Park, it’s, Earl Grey scones, Hadid, Petrina, It’s, Strickland, Carlos Drummond de Andrade, Ian Cheibub, Ayrton Senna, touristy, Clarice Lispector, altinha, Tom Jobim, toting Tom Jobim, Osório, Rua Vinícius de Moraes Organizations: Shops, Jardin de, The New York, Rue Saint, Mars, ., The New York Times, des Invalides, Saint, Blvd . Saint, Rue de, Rue du, Rue de Rennes, de, Compagnie Française, Français, du, Palazzo, Credit, Rue Riad, des, Rue Bahia Bab, Moors, Jewish, Rue, Rue Sidi, Tachenbacht, Rue Bin, Wall ., Korean, South Korean, Milk, Nielsen, New, Opera, Milk Beach, Gibsons, Reserve, South, Heritage, Hornby, Fort, Francisco, Rua Locations: Cities, Paris, Seoul, Marrakesh, Jardin, Jardin de Luxembourg, Rue, Esplanade des Invalides, Blvd, Raspail, bac, Rue de Bac, Bac, Rue de Babylone, Seine, Astier, Français ., du Luxembourg, Italian, Florence, medina, Moroccan, Central Park, Jemaa, ., El, unburied, El Badi, Spain, Marrakesh ., darija —, Marrakesh enfolds, Morocco, Naksan Park, Gyeongbokgung, Scoff, Inwangsan, Seongbuk district, Dongdamun, Sydney, Hermitage, Bayview Hill, Vaucluse, Watsons, Queens Beach, . Credit, Bayview, Fort Denison, Sydney Harbour’s, Milk, Camp Cove . Credit, Parsley Bay, Hopetoun, Palmerston, Moreton, Camp Cove Beach, Mosman, Balgowlah, Manly, Bay, Watsons Bay, de Janeiro, Copacabana, Rio de Janeiro, Brazilian, Ipanema, Rio, Beach . Credit, Italy, Copacabana Beach . Credit, de, Leme, Fort Copacabana, Arpoador, Vero, Polis Sucos, Polis
From hawkish pauses to rate hikes and dovish tones, the world's biggest central banks last week struck very different tones on monetary policy. The European Central Bank on Thursday hiked rates and surprised markets with a worsening inflation outlook, which led investors to price in even more rate increases in the euro zone. This followed a Federal Reserve meeting where the central bank decided to pause rate hikes. Just days before that, China's central bank lowered its key medium-term lending rates to stimulate the economy. In Japan, where inflation is above target, the central bank has left its ultra-loose policy unchanged.
Persons: Carsten Brzeski, , Erik Nielsen, UniCredit Organizations: European Central Bank, Reserve, ING Germany, CNBC, ECB, Bank of England Locations: Japan, Europe, Asia
Additionally, Cargill began marketing several plant-based protein ingredients, made from soy, pea and wheat, to food and beverage manufacturers worldwide. What to expect for plant-based meat in next decade Cargill's calculated approach to plant-based meats coincides with the nascent industry's trajectory. And then there's the consumer's appetite to pay a premium price for plant-based meat. So Cargill's biggest competition will be the established plant-based meat companies, like Beyond and Impossible, he said. The future of plant-based meat might be analogous to the ongoing transition to electric vehicles.
Persons: Florian Schattenmann, Cargill Cargill, Cargill, Schattenmann, it's, John Baumgartner, Baumgartner, Caroline Bushnell, Bushnell, that's, Seth Goldstein, Goldstein, Tyson's Organizations: Cargill, Foods, Tyson Foods, Hormel Foods, Smithfield Foods, Cargill Inc, The, Bloomberg, Getty, Foods Cargill, Mizuho Securities USA, Good Food Institute, Cubiq Foods, FDA, North, Food and Drug Administration, Morningstar Research Services, Nielsen, annualized Nielsen, Nestle, Tesla, tiptoed, Ford, GM, Hyundai, Volkswagen Locations: U.S, Minneapolis, Montreal, Quebec, Canada, Spanish, Berkeley , California, Puris, North American, Netherlands, Bflike, Belgian, North America
Bud Light has been dethroned as the nation’s top-selling beer in recent weeks, a data analytics company said, a sign that the backlash the brewer received from conservatives over its relationship with a transgender influencer may be taking a toll. Sales of Bud Light fell to 7.3 percent in the same period. The shift follows a conservative-led boycott against Bud Light that started after Dylan Mulvaney, a transgender influencer, posted a video on Instagram on April 1 promoting a Bud Light contest. Bud Light’s share of retail sales has dropped about three percentage points since the boycott began. Anheuser-Busch, the maker of Bud Light, later announced the departure of two marketing executives, but the company’s attempt to backtrack drew further criticism, this time from liberals and members of the L.G.B.T.Q.
Persons: Bud Light, Bump Williams, Dylan Mulvaney, Bud, Bud Light’s, backtrack Organizations: Modelo Especial, Constellation Brands, Nielsen, Sales, Anheuser, Busch Locations: Mexican
TikTok is the fastest growing social network in the report, used by 20% of 18- to 24-year-olds for news, up five percentage points from last year. Trust in the news has fallen by 2 percentage points in the last year, reversing gains made in many countries at the peak of the coronavirus pandemic. On average, 40% of people say they trust most news most of the time. Across markets, 56% of people say they worry about identifying the difference between real and fake news on the internet – up 2 percentage points from last year. Reporting by Helen Coster; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.
Persons: Rasmus Nielsen, Helen Coster, David Gregorio Our Organizations: YORK, Reuters Institute for, Journalism, Reuters, U.S, Trust, United, Thomson Reuters Foundation, Thomson Reuters, Thomson Locations: United States
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