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The best Prime Day deals under $25 can satiate that instinct to shop while the getting is good and still pay mind to your budget. Shop all Prime Day deals under $25 here. Top 5 Prime Day deals under $25:More of the best Prime Day deals under $25Staff Pick Vacation Super Spritz SPF 50 Sunscreen Face Mist $18.75 $25.00 Save 25% This makeup-friendly fine mist face spray, which is paraben-free and dermatologist-tested, dries quickly and is water-resistant for up to 80 minutes. In order to shop on Prime Day, you'll need an Amazon Prime membership. Shopping for more great Amazon Prime Day deals?

Persons: there's, La Roche, Kate Spade, We've Organizations: Business, Amazon, Adidas, Coffee, Brewers, New, Amazon Prime Locations: York, influencers, New York City

☆ A YouTuber recreated a recipe for 3,800-year-old beer. Here's how you can do it too.
▼ + stars: | 2024-07-16 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +7 min

AdvertisementThe basic ingredients for an ancient beerMax Miller relied on a hymn and expert research to try and create an ancient beer. To make his version, Miller used water, barley, barley flour, a sourdough starter, coriander, cardamom, date syrup, and brewer's yeast. Some experts aren't sure if ancient beer was even alcoholic at all. Ancient beer is different from today's alesDon't expect your hymn-inspired homebrew to resemble anything you can buy at the store. There's also no evidence that ancient beer makers used hops, which is a ubiquitous ingredient today.

Persons: —, Max Miller, Miller, Patty, Riker, Miller isn't, Tate, Paulette, There's Organizations: Service, YouTube, Business, Archaeologists, Beers Locations: Utah, Mesopotamia, Israel, cheesecloth, aromatics

We're seeing many of the best Nespresso machines on sale, including Nespresso Original and Vertuo models, plus compatible pods. Prime Day sales will be live on July 16 and 17, but the Nespresso machines may go quick, so don't wait around to jump on these deals. The best Prime Day Nespresso dealsWe typically see one or two Nespresso machines discounted during sale events. Right now, you can save $70 on the Nespresso Vertuo Pop+ and Aeroccino, which brings this bundle to an all-time low price. Most Vertuo machines don't include milk frothers, but these are still great machines for households who want variety and convenience.

Persons: you've, We'll, Nespresso, Isabel Fernandez, lattes Organizations: Business, Prime, Amazon, Coffee, Brewers, Amazon Prime

☆ China's beer market, the world's largest, set for bounce as drinkers go high-end
▼ + stars: | 2024-07-15 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

Sporting events such as the ongoing Euro 2024, the upcoming Copa Americana and Paris Olympics, coupled with hotter weather, are expected to drive up demand for the beverage. Pointing to the Euro 2024, Chinese online database QiChaCha noted that bars and stores have been decorated with European Cup merchandise and they are offering sports-themed meals to cash in on the frenzy. "The European Cup ignites the 'beer economy,'" the firm said, adding that China's beer industry had shown a clear trend towards high-end offerings. They also expect China's beer industry to continue to benefit from a product mix upgrade, besides lower barley prices and packaging material prices in 2024. Carlsberg chief executive Jacob Aarup-Andersen said that brewers will be boosted by events such as the Paris Olympics and the Euro 2024, according to the report.

Persons: Lei Yang, Sun, QiChaCha, Lei, Carlsberg, Jacob Aarup, Andersen, Aarup Organizations: CGS, Sporting, Americana, Paris, European, Heineken, Carlsberg, Paris Olympics Locations: China, Asia

☆ Athletic Brewing raises $50 million as non-alcoholic wave sweeps brewing
▼ + stars: | 2024-07-09 | by ( Ece Yildirim | In Ecedyildirim | ) www.cnbc.com time to read: +3 min

The brewer plans to use the latest investment to increase production capacity and expand its offerings at global retailers to meet rising consumer demand for non-alcoholic beer. Leading non-alcoholic brewer Athletic Brewing Company announced Tuesday it's raised an additional $50 million in equity financing in a round led by General Atlantic. Athletic Brewing launched its non-alcoholic craft brewing facilities in 2018 and has since grown to become the 10th largest U.S. craft brewery and 20th largest overall U.S. brewing company, despite only offering non-alcoholic options, according to rankings by the Brewers Association. Athletic holds over 19% market share within non-alcoholic beer and is driving 32% of total non-alcoholic beer category growth, according to NielsenIQ data. Established beer companies like Heineken , Constellation Brands -owned Corona, Anheuser-Busch's Budweiser and even Diageo's Guinness have also hopped on the trend, introducing non-alcoholic beer offerings of their own.

Persons: Bill Shufelt, John Walker, We're, CNBC's, it's, Shufelt, Diageo's Guinness, We've Organizations: Athletic Brewing’s, Athletic, General, Athletic Brewing Company, General Atlantic, Athletic Brewing, Brewers Association . Athletic, Revenue, CNBC, Street, NCSolutions, Heineken, Constellation Brands, Corona, Anheuser, Budweiser Locations: Stratford , Connecticut, U.S, Milford , Connecticut, San Diego

☆ Gen Z wants flavorful drinks. Here’s how Big Beer is trying to attract them
▼ + stars: | 2024-07-04 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +7 min

That’s a problem for Big Beer, which is dealing with flat sales, declining volume and a fickle generation of younger drinkers who are completely ditching the bottle or preferring anything but a regular beer. It’s a non-carbonated drink because “bloating that may come from carbonation is considered a top barrier” for younger drinkers and the trend of “decarbonizing” drinks is blowing up on the app. Last year, it acquired Blue Run Spirits, a cult favorite high-end bourbon and rye whiskey brand, in light of US spirit sales surpassing beer sales. Its aptly titled “Beyond Beer” category is currently a $1.5 billion part of its global business and is helping attract younger, legally aged drinkers. Despite younger drinkers’ hesitance with buying beer and flat sales, Big Beer companies aren’t facing an existential threat.

Persons: youngs, Gen, NIQ’s Kaleigh Theriault, “, ” Theriault, Gallo, Mark Anthony Brands, Miller, flavorful, TikTok Constellation, Corona, ”, Saúl Trejo, TikTok, Molson Coors, Molson, ” NIQ’s Theriault, Bud Light, seltzer, Jason Lowrie, it’s, Bud, Bud Light Seltzer, Dylan, ’, “ Young, ” Bryan Roth Organizations: New, New York CNN — Beer, CNN, Beverages, Big Beer, Molson Coors Beverage Company, Modelo, Constellation Brands, Anheuser, Busch InBev, TikTok, Corona, Corona Refresca, Molson Coors, Molson, “ Suppliers, Busch, Feel Goods Company Locations: New York, Corona, carbonation

☆ Daily marijuana use surpasses alcohol consumption, new study finds. Here's what it means for the industry
▼ + stars: | 2024-05-23 | by ( Brandon Gomez | ) www.cnbc.com time to read: +3 min

Although alcohol overall remains more widely used, 2022 was the first-time daily marijuana use overtook drinking at the same frequency, with roughly 17.7 million cannabis users and 14.7 million drinkers, respectively. That is a 15-fold increase for cannabis since 1992 when only 900,000 Americans disclosed using the drug daily compared with 8.9 million daily drinkers. The spirits and alcohol industry, however, has been working to defend its market share despite shifting trends among younger consumers. However, some analysts on Wall Street expect greater impact to the alcohol industry from cannabis adoption. "We estimate that legal cannabis could be negatively impacting beer volume [compound annual growth rate] by up to 230 bps in Canada and 75 bps in the U.S. where legal," said Bernstein analyst Nadine Sarwat.

Persons: Roth, Scott Fortune, Bill Kirk, Kirk, Fortune, Bernstein, Nadine Sarwat, Sarwat Organizations: The U.S . Drug Enforcement Administration, Carnegie Mellon University, Administration, Wall, distillers, Constellation Brands, Diageo, AB InBev, Molson Coors Locations: San Anselmo , California, The U.S, U.S, Canada

☆ Nespresso, Keurig have new coffee pods coming designed to put an end to all the garbage
▼ + stars: | 2024-04-19 | by ( Cheryl Winokur Munk | ) www.cnbc.com time to read: +5 min

Keurig coffee sales in the U.S. reached over $4 billion last year, while Wall Street analysis pegs Nespresso sales at roughly $1.5 billion. The U.S. coffee pods and capsules market is expected to grow to $10.1 billion by 2028 up from $8.4 billion last year, according to market research firm Mordor Intelligence. Environmentally friendly, biodegradable, and compostable coffee pods are increasingly in demand, and have been on the market for a few years, such as NEXE, a packaging solutions supplier based in Canada, which launched a line of compostable coffee pods in the U.S. and Canada in 2021, which it markets as Nespresso-compatible. Getting customer buy-in for new products is also a challenge for companies looking to produce more sustainable coffee pods. Here's a look at what Keurig and Nespresso — the two largest makers of at-home coffee pod systems — have planned for at-home coffee drinkers as part of that push to keep the pods from filling up the garbage.

Persons: Pepper, Joe, Dillon Baxter, Nespresso, Dr, it's, Monique Oxender, Oxender, they'll, Keurig Organizations: Intelligence, National Coffee Association . Companies, Nestle, Recycling Locations: U.S, Canada, there's, North America, Europe

☆ 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

☆ MLB Opening Day: 2024 regular season kicks off in full with Shohei Ohtani cloud looming
▼ + stars: | 2024-03-28 | by ( Ben Morse | ) edition.cnn.com time to read: +6 min

CNN —Although fans have been treated to a glimpse of MLB action, the 2024 season kicks off in full on Thursday with Opening Day. How to watchThe Opening Day slate of games takes place on Thursday, March 28, with 26 teams taking to the field. The Baltimore Orioles and the Los Angeles Angels kick off the day’s action at 3:05 PM ET at Camden Yards in Maryland. Ohtani cloud overshadows Dodgers startThe majority of the Los Angeles Dodgers offseason was dominated with optimism and talk of a World Series challenge after the acquisition of two-time MVP Shohei Ohtani and pitching phenom Yoshinobu Yamamoto. Ohtani prepares for a pitch during the Dodgers' preseason game against the Los Angeles Angels.

Persons: Tuesday’s Francis Scott Key, Shohei Ohtani, phenom Yoshinobu Yamamoto, Ohtani, Ippei, Mizuhara, Yamamoto, Mookie Betts, Freddie Freeman, Will Smith, Tyler Glasnow, Walker Buehler, Harry, Juan Soto, Soto, Aaron Judge, Giancarlo Stanton, Gerrit Cole, Stanton, Nathan Ray Seebeck, Ronald Acuña Jr, Acuña, Tim Nwachukwu, Wyatt Longford Organizations: CNN, Seoul, Los Angeles Dodgers, San Deigo Padres, MLB, Baltimore Orioles, Los Angeles Angels, Camden, Orioles, Dodgers, ESPN, Los Angeles Times, baseball’s, League, St, Louis Cardinals, Bronx Bombers, New York Yankees, Yankees, San Diego Padres, San, American League, Houston Astros, Judge, Atlanta Braves, Philadelphia Phillies, National League, Braves, NL, Phillies, National, Texas Rangers, Chicago Cubs, Washington Nationals, Cincinnati Reds, San Francisco Giants, Toronto Blue Jays, Tampa Bay Rays, Minnesota Twins, Kansas City Royals, Detroit Tigers, Chicago White Sox, Pittsburgh Pirates, Miami Marlins –, Cleveland Guardians, Oakland Athletics –, Colorado Rockies, Arizona Diamondbacks, Boston Red Sox, Seattle Mariners, Milwaukee Brewers, New York Mets, @ @ @ @ @ @ @ @ @ Locations: South Korea, Camden Yards, Maryland, Seoul, Ohtani, San Diego, Atlanta, Texas

SUNRISE, Fla. (AP) — There’s a question that Florida Panthers general manager Bill Zito likes to ask people. “Bill takes in all opinions, but he does what he thinks is right,” Panthers coach Paul Maurice said. “We travel with this really high-end coffee maker,” Tkachuk said when told of Zito’s belief that good coffee is vital. He’s really involved with helping us with whatever we need, but he’s not overly involved like where he’s in your face every day. “Those players are committed and committed to winning and being selfless, who are really, really good people.

Persons: —, Bill Zito, “, Zito, He’ll, ” Zito, That's, he’s, It’s, Bill, Paul Maurice said, Matthew Tkachuk, Jonathan Huberdeau, Tkachuk, Vladimir Tarasenko, Gustav Forsling, ”, Aleksander Barkov, Sam Pollock’s, Matthew Caldwell, Aaron Ekblad, Sergei Bobrovsky, ” Tkachuk, Vincent Viola, Viola, it’s, He’s, FanDuel, Vinnie, ___ Organizations: Florida Panthers, Panthers, NHL, ” Panthers, Tkachuk, ’, Montreal Canadiens, Milwaukee Brewers, Yale, USA Hockey, ” Locations: Fla, Florida, Ottawa, Finland, Wisconsin, Columbus, It’s

☆ Are these the most beautiful coffee shops in the world?
▼ + stars: | 2024-02-17 | by ( David Tran | ) edition.cnn.com time to read: +12 min

The Budapest Café is one of many eye-catching businesses featured in “Designing Coffee: New Coffee Places and Branding,” a coffee table book — no pun intended — that puts the world’s most photogenic, eccentric cafés and roasters on display. Its "bright, playful design and color palette transform a former dental office into a bustling and vibrant bakery café," Kingston writes in "Designing Coffee." In an increasingly competitive coffee industry, coffee shop owners are putting thoughts into how their spaces are designed. Across its ambience and menu, the Genovese Coffee House in Sydney offers Australian consumers an "espresso" ticket to Mediterranean café culture. Anson Smart/Genovese Coffee House/Courtesy gestaltenElsewhere, Genovese Coffee House (pictured above) in Sydney, Australia drew inspiration from Italian coffee culture.

Persons: James Morgan, they’re, Wes Anderson, Lani Kingston, Kingston, Mikhail Loskutov, Yuh Nguyen, Luca Rinaldi, Jamie Yelo, Urbain, Jin Weiqi, Marco Pinarelli, Julius, Damir Otegen, Karin Pasterer, Hernan Taboada, Carlos Artalejo, Xavier Alexander, Alexander, ”, “, ” Alexander, ” Kingston, David Dworkind, ” “, ’ ”, Fritz, K Kim, Angela Wijaya, Fritz Coffee, Ben Hamilton, Anson Smart, “ It’s Organizations: Budapest Cafe, CNN, Portland State University, Melrose, Rupertinum, Salzburg's Museum of Modern Art, Kingston, Fritz Coffee Company, Coffee House, Genovese Coffee, Coffee Locations: Budapest, Chengdu, China, Odessa, Ukraine, Hanoi, Vietnam, Milan, Italy, Taipei, Taiwan, Montréal, Canada, Beijing, Ho Chi Minh City, Central Highlands, Kyiv, Ukraine's, Hong Kong, Forme, Beirut, Lebanon, Almaty, Kazakhstan, Salzburg, Austria, 220GRAD, Buenos Aires, Argentina, Caffettiera, Montreal, Asia, Seoul, South Korea, Belfast, Los Angeles, California, Sydney, Australia

On the day they held their first official workout, the Baltimore Orioles announced pitcher Kyle Bradish will open the season on the injured list with a sprained ulnar collateral ligament. Orioles general manager Mike Elias said Bradish received a platelet-rich plasma injection to treat the injury. “He’s going to start his throwing progression tomorrow, but that progression is going to be something that takes some time. Bradish’s injury is particularly notable because the Orioles already are unsure about left-hander John Means’ status for the start of the season. MANUEL RETURNSFormer Philadelphia Phillies manager Charlie Manuel made his first visit to the ballpark since he suffered a stroke in September.

Persons: Kyle Bradish, Mike Elias, Bradish, “, ” Elias, “ He’s, I’m, ” Bradish, Justin Verlander, Cy Young, ’ ’ Verlander, John Means, Corbin Burnes, Gunnar Henderson, Elias, MANUEL, Charlie Manuel, Manuel, Francisco Lindor, Buck Showalter, Billy Eppler, Nobody, ”, Dan Gelston, Marc Berman, Chris Nelsen, ___ Organizations: Baltimore Orioles, Orioles, AL East, Houston Astros, Cy, Milwaukee Brewers, “, Former Philadelphia Phillies, Phillies, NL East, Tampa Bay Rays, Philadelphia, New York Yankees, Fame, Minnesota Twins, Los Angeles Dodgers, New York Mets, Mets, Diamondbacks, Rangers Locations: Cleveland, Clearwater , Florida

“World Series Champions. Bochy noted the challenges in winning one World Series, but also made reference to what the Chiefs accomplished last Sunday. Of the 169 players who became free agents after the World Series, more than half were still without a team when the week began. Molina managed Criollos de Caguas in winter ball and Puerto Rico in the recently completed Caribbean World Series. The Yankees and Brewers swapped relievers with left-hander Clayton Andrews going to New York and right-hander Johan Quezada going to Milwaukee.

Persons: ”, I’ve, Bruce Bochy, Bochy, Chris Young, ” Young, Shohei, Seattle’s Julio Rodríguez, Elly De La Cruz, Ian Happ, ” Happ, “, NL Cy Young, Blake Snell, Cody Bellinger, Matt Chapman, Yasmani Grandal, Shintaro Fujinami, Phil Maton, Scott Alexander, Spencer Turnbull, Tommy John, Craig Counsell, Bob Melvin, Pat Murphy, Mike Shildt, Melvin, Carlos Mendoza, That’s, Stephen Vogt, Terry Francona, Ron Washington, Phil Nevin, Joe Espada, Dusty, ” Espada, I’m, ” MOLINA, Yadier, Molina, Criollos, John Mozeliak, Louis, Peyton Burdick, Burdick, Clayton Andrews, Johan Quezada, Jay Cohen, Stephen Hawkins, Marc Berman, Chuck King, ___ Organizations: Texas Rangers, ”, Rangers, Kansas City Chiefs, Chiefs, Los Angeles Dodgers, San Diego Padres, Dodger, Mariners, Super Bowl . Young Cincinnati, Cubs, NL, New York Mets, Philadelphia, NL Central, Chicago, Brewers, Padres, National League, American, Houston, Louis Cardinals, Puerto, ” Cardinals, Baseball, Cardinals, Marlins, Triple, The Yankees, AP Baseball Locations: Surprise , Arizona, ” Texas, Texas, Seoul, South Korea, Peoria , Arizona, Las Vegas, Goodyear , Arizona, Florida, Arizona, Pittsburgh, Tampa, Oakland, Milwaukee, San Francisco, San Diego, Cleveland, Caguas, Puerto Rico, Miami, Jacksonville, New York

☆ Brewers like Samuel Adams and AB InBev are shifting ad dollars to non-alcoholic beer as Americans cut back on drinking
▼ + stars: | 2024-02-06 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +5 min

It's shifting dollars away from its flagship brand, Boston Lager, to the non-alcoholic category, she added. Alcohol drinkers are opting for non-alcoholic beers on more occasions, such as at lunchtime or as a "chaser" between alcoholic drinks on a night out, experts said. Better margins, newer opportunitiesWhile non-alcoholic beers still only represent a small proportion of the total amount of beer sold, brewers can sell non-alcoholic beers at a higher margin, because they are often priced at a premium and avoid excise duty. The deal, announced earlier this year and which makes AB InBev a Worldwide Olympic Partner through to Los Angeles in 2028, marks the first time a beer brand has sponsored the Games. "This is an opportunity to strengthen beer as a category and as the category of moderation," said AB InBev CMO Marcel Marcondes.

Persons: —, Samuel Adams, Samuel Adams's, Samuel Adams Samuel Adams, Lauren Price, Price, It's, Sofia Colucci, Max Verstappen, Corona, Marcel Marcondes, Alan Miles Organizations: Service, Business, Boston, Molson Coors CMO, North America, Molson Coors, Miller, Team Ferrari, Red Bull, Heineken, Corona Cero, Anheuser, Busch, InBev, Games Locations: Boston, It's, American, Los Angeles

When they acquired All-Star right-hander Corbin Burnes on Thursday night, the Orioles sent a message to their own fans — not to mention the rest of baseball — by making it clear they weren't resting on their laurels after such a successful 2023. Corbin Burnes is exactly what we needed,” Elias said Friday. And the trade for Burnes is an example of what they can acquire with path No. Baltimore sent a pair of 25-year-olds — infielder Joey Ortiz and left-hander DL Hall — to the Brewers for Burnes. Once they did that, I think we have the firepower in our farm system to make these trades.”___

Persons: Mike Elias, Corbin Burnes, —, Grayson Rodriguez, Kyle Bradish, ” Elias, “, ” Burnes, Cy Young, “ I've, Adley Rutschman, Gunnar Henderson, Jackson Holliday, Joey Ortiz, Ortiz, Holliday, Henderson, Burnes, we'll, Rodriguez, Bradish Organizations: Baltimore Orioles, AL, Orioles, NL Central, American League, Baltimore, Brewers, Burnes, Triple, Milwaukee, ” Locations: Baltimore, Milwaukee

BERLIN (AP) — German beer sales dropped 4.5% last year, resuming a long-term downward trend, official figures showed Thursday. German-based breweries and distributors sold about 8.4 billion liters (2.2 billion gallons) of beer last year, the Federal Statistical Office said. That figure doesn't include non-alcoholic beer and beer imported from outside the European Union. In 2022, beer sales increased 2.7% thanks to a recovery in demand at home and in the EU following the end of COVID-19 restrictions. Sales inside Germany — more than four-fifths of the total — dropped 4.2% to 6.9 billion liters (1.8 billion gallons).

Organizations: BERLIN, Federal Statistical Office, European Union, EU Locations: EU, COVID, Germany

PEBBLE BEACH, Calif. (AP) — The PGA Tour is getting a $3 billion investment from Strategic Sports Group in a deal that would give players access to more than $1.5 billion as equity owners in the new PGA Tour Enterprises. PGA Tour Commissioner Jay Monahan was holding a conference call with players about the deal that was finalized Tuesday night. Political Cartoons View All 253 Images“By making PGA Tour members owners of their league, we strengthen the collective investment of our players in the success of the PGA Tour,” Monahan, who will be CEO of PGA Tour Enterprises, said in the formal announcement. While specific details of the equity ownership program were not announced, the initial grants would be based on career accomplishments, recent achievements and PGA Tour status. The European tour was part of the framework agreement on June 6, and it has a strategic alliance with the PGA Tour.

Persons: LIV Golf, Jay Monahan, ” Monahan, Marc Attanasio, Arthur Blank, Steven Cohen, Wyc Grousbeck, Tom Werner, John Henry, Marc Lasry, Alec Scheiner, ”, Henry, Woods, Patrick Cantlay, Adam Scott, Jordan Spieth, Webb Simpson, Peter Malnati, Yasir Al, Sen, Richard Blumenthal, Conn, LIV, Dustin Johnson, Brooks Koepka, Phil Mickelson, Bryson DeChambeau, PIF, Jon Rahm, Tyrrell Hatton, ___ Organizations: Strategic Sports Group, Tour Enterprises, PGA Tour, SSG, Associated Press, Washington Post, Public Investment Fund, PGA, SSG —, Tour, Fenway Sports Group, Milwaukee Brewers, Atlanta Falcons, New York Mets, Boston Celtics, Boston Red Sox, Milwaukee Bucks, Cleveland Browns, RedBird, Fenway Sports, PGA Tour Enterprises, Saudi, Monday, PIF Locations: Calif, Saudi, Saudi Arabia, PIF, Mexico

☆ Baltimore Orioles agree to be sold to a group led by David Rubenstein for $1.7 billion
▼ + stars: | 2024-01-30 | by ( Matt Egan | David Goldman | ) edition.cnn.com time to read: +2 min

The Orioles have been mediocre — or straight-up awful — throughout most of Angelos’ ownership. The new owner, Rubenstein, is a Baltimore native and co-founder of The Carlyle Group, a Washington, DC-based private equity giant. If the sale is approved, Rubenstein will become the controlling partner in the ownership group, the key decision-maker. After the 94-year-old Angelos dies, the Rubenstein group will own all 100% of the club. The Orioles’ $1.7 billion valuation is nearly triple what the team was worth in 2014, according to Forbes.

Persons: Peter Angelos, David Rubenstein, Angelos, Hall, Cal Ripken, Jr, Rubenstein, Angelos ’, Michael Arougheti Organizations: CNN, Baltimore Orioles, Orioles, Major League Baseball, Baltimore, Hall of Famer, American League East, AL, The Carlyle Group, longtime Orioles, Ripken, Ares Management, Forbes, Milwaukee Brewers, Colorado Rockies Locations: Baltimore, Washington, DC

Rhys Hoskins and the Milwaukee Brewers have agreed to a $34 million, two-year contract, filling the team's opening at first base. Political Cartoons View All 253 ImagesHoskins missed the entire 2023 season because of a torn ACL in his left knee. He had a $12 million, one-year contract last season and was the second-longest tenured Phillies player behind Aaron Nola, who recently agreed to a $172 million, seven-year contract to stay in Philadelphia. Hoskins hit .246 with 30 home runs and 79 RBIs in 2022. In his first full season, Hoskins hit 34 homers, and then he led the National League with 116 walks in 2019.

Persons: Rhys Hoskins, Hoskins, Rowdy Tellez, Carlos Santana, Tellez, Santana, Jake Bauers, Aaron Nola, Bryce Harper, Alec Bohm, Steve Megargee, ___ Organizations: Milwaukee Brewers, Associated Press, Milwaukee, NL Central, Arizona, Brewers, Pittsburgh, New York Yankees, Philadelphia, Phillies, NL, National League, Atlanta, AP Locations: Philadelphia

HOUSTON (AP) — Hard-throwing reliever Josh Hader and the Houston Astros finalized a $95 million, five-year contract on Monday. Hader will get a $19 million salary in each of the next five seasons, none of it deferred. He gets a full no-trade provision and would receive a $1 million bonus for winning the Mariano Rivera/Trevor Hoffman Reliever of the Year Award. Houston reached the agreement three days after announcing reliever Kendall Graveman will miss the season after right shoulder surgery. Because Hader turned down a qualifying offer, San Diego will receive an extra pick in next July’s amateur draft.

Persons: Josh Hader, Hader, Mariano Rivera, Trevor Hoffman, Edwin Díaz’s, won’t, Ryan Pressly, Rafael Montero, Bryan Abreu, Héctor Neris, Kendall Graveman, ___ Organizations: HOUSTON, Houston Astros, New York Mets, Astros, Houston, San Diego, Padres, Star, NL, Brewers, Baltimore Locations: San Diego, Milwaukee, Maryland, Houston

Big-name free agents appear in no hurry to strike deals at the winter meetings, biding time until Shohei Ohtani potentially breaks the record for richest contract set 4 1/2 years ago by Mike Trout. “It's probably a little slower from a conversation standpoint at a winter meetings than it normally would,” New York Mets president of baseball operations David Stearns said Monday. Behind Ohtani in the hitters free-agent pecking order are Cody Bellinger and Matt Chapman, both represented by the sport's biggest agent, Scott Boras. Among starting pitchers, the market includes Blake Snell and Jordan Montgomery, also represented by Boras. “He’s going to make other pitchers better.”___AP Sports Writer Teresa M. Walker contributed to this report.

Persons: ., Shohei, Mike Trout, Yoshinobu Yamamoto, “ It's, ”, David Stearns, hasn't, ” Ohtani, Nez, Cody Bellinger, Matt Chapman, Scott Boras, Blake Snell, Jordan Montgomery, Farhan Zaidi, “, Ross Atkins, Atkins, San Diego, Juan Soto, Jarred Kelenic, Marco Gonzales, Evan White, Cole Phillips, Jackson Kowar, Gonzales, White, Eugenio Suárez, Carlos Vargas, Seby Zavala, Scott Servais, “ That’s, Jackson Chourio, “ There’s, I’m, ” Chourio, Milwaukee, Wade Miley, Pat Murphy, “ He’s, Teresa M, Walker, ___ Organizations: ” New York Mets, Los Angeles Angels, Creative Artists Agency, Gaylord, Convention, Boras, San Francisco Giants, CBA, Blue Jays, San, Atlanta Braves, Seattle Mariners, Atlanta, Seattle, ” Mariners, Brewers Locations: Tenn, Nez Balelo, ” Toronto, Nashville, Seattle, Arizona, Milwaukee

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

NEW YORK (AP) — Baltimore’s Félix Bautista was a unanimous winner of the Mariano Rivera American League Reliever of the Year Award and Milwaukee’s Devin Williams won the Trevor Hoffman National League honor on Wednesday. Bautista, a 28-year-old right-hander, was 8-2 with a 1.48 ERA and 33 saves in 39 chances for the AL East champion Orioles. Williams, a 29-year-old right-hander, was 8-3 with a 1.53 ERA and 36 saves in 40 opportunities for the NL Central champion Brewers. Cleveland’s Emmanuel Clase was second in the AL after winning last year and Toronto’s Jordan Romano was third. Political Cartoons View All 1273 ImagesPittsburgh’s David Bednar was second in the NL and San Diego’s Josh Hader third.

Persons: Baltimore’s Félix Bautista, Mariano Rivera, Devin Williams, Trevor Hoffman, Bautista, Tommy John, Williams, Josh Hader, Edwin Díaz, Liam Hendriks, Kenley Jansen, Craig Kimbrel, Rivera, Hoffman, of Famers Dennis Eckersley, Rollie Fingers, John Franco, Billy Wagner, Cleveland’s Emmanuel Clase, Toronto’s Jordan Romano, David Bednar, ___ Organizations: Mariano Rivera American League, League, Wednesday, AL East, Orioles, NL Central, Brewers, of Famers, AL, NL

Investors cautioned that tax breaks would not be sufficient to raise business investment while UK interest rates stayed high. But Wednesday, equity markets focused on Hunt's business boosts, such as a move to make full expensing on investment permanent. UK stock markets have underperformed their European and U.S. peers in 2023. The FTSE 100 index 12-month forward price-to-earnings ratio is around 10.7, about half that of U.S. stocks, with Hunt's budget unlikely to move the dial too far. Reuters GraphicsSTERLING SOGGYThe pound struggled to gain any traction on the back of Hunt's budget.

Persons: Dado Ruvic, Kwasi Kwarteng, Leigh Himsworth, Simon Harvey, Philip Shaw, Thomas McGarrity, Fuller, Smith, Turner, Oli Creasey, It's, BoE, GILTS, Craig Erlam, Goldman Sachs, Naomi Rovnick, Samuel Indyk, Lucy Raitano, Amanda Cooper, Harry Robertson, Angus MacSwan Organizations: REUTERS, Wednesday, Traders, Investors, Fidelity International, Reuters Graphics, Bank of England, BT, Investec, RBC Wealth Management, Reuters, BREWERS, Debt Management, Reuters Graphics STERLING, Thomson Locations: U.S, Cheviot, gilts, London

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