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☆ 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

☆ 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

☆ Why there's a white plastic ball in Guinness beer cans
▼ + stars: | 2023-06-06 | by ( Julia Calderone | ) www.businessinsider.com time to read: +4 min

The Guinness widget is a tiny, plastic ball inside beer cans. Once opened, the widget's nitrogenated beer squirts into the rest of the beer giving it a velvety texture. How the Guinness widget worksA widget is a hollow, spherical piece of food-grade plastic with a tiny hole in it, Guinness representatives told Insider over email. Nitrogen bubbles are smaller than CO2 bubbles, so the resulting head and taste is smoother and more delicate. That's where Guinness' widget comes into play, because of how it's able to slowly release nitrogen into the beer upon opening.

Persons: —, Guinness, Fergal Murray, Brewer, Forbes, Murphy's Stout Organizations: Service, Guinness, Popular Science, Breweries, Dublin City Brewing Co

☆ Netflix and Athletic Brewing launch 'The Witcher'-themed non-alcoholic beer
▼ + stars: | 2023-06-03 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +2 min

Athletic Brewing Company’s collaboration with Netflix will feature limited edition, co-branded nonalcoholic beers, the brewing company announced in a news release. Athletic Brewing Company's collaboration with Netflix features three limited-edition, co-branded non-alcoholic beers. Athletic Brewing CompanyThe booze-free beer might appeal to the one-third of Americans who reported trying to consume less alcohol, according to a recent survey. Nonalcoholic beer sales were up by 33% this year, the survey found. Athletic Brewing, launched in 2018, ferments its brews to be less than 0.5% alcohol by volume – the legal limit for US-brewed nonalcoholic beer, the company said in the release.

Persons: Netflix’s “, ”, Henry Cavill, Josh Simon, ” Simon, Geralt’s Organizations: CNN, US, Athletic Brewing, Netflix, Athletic Brewing’s Locations: Rivia

☆ Constellation Brands vs. Molson Coors: Here's which beer maker is the clear winner to buy
▼ + stars: | 2023-05-31 | by ( Paulina Likos | ) www.cnbc.com time to read: +12 min

In a battle of beer makers, Molson Coors (TAP) has had the advantage lately over rival Constellation Brands (STZ). Molson Coors has a diverse portfolio of popular beer brands including Coors Light and Miller Lite as well as other summer favorites Blue Moon and Leinenkugel's. Shares of TAP have gained about 17% in 2023, driven by strong beer growth and strategic partnerships. TAP STZ YTD mountain Molson Coors vs. Constellation Brands YTD performance At Club holding Constellation, its core beer brands are Corona, Modelo and Pacifico. While Molson Coors is catching much of the Bud Light exodus, Constellation's popular beer brands will also be a beneficiary.

Persons: Molson, Molson Coors, Miller, Bud Light's, influencer, Bud Light, BUD, Jim Cramer, Roth, Jim, Bud, Roth MKM, STZ, Gerald Pascarelli, Seltzer, Pascarelli, it's, Filippo Falorni, Falorni, Filippo, Wedbush's, Edward Lewis, hasn't, Robert Sands, Bill Newlands, Sands, Newlands, Jim Cramer's Organizations: Molson Coors, TAP, Constellation Brands, Modelo, Coors, Miller Lite, Anheuser, Busch Inbev, Club, Constellation, Corona, Nielsen, Constellation's Modelo Especial, Molson, CNBC, Coca, Citi, Falorni, STZ, Cinco de, Getty Locations: Corona, Pacifico, STZ, North, North America, Cinco de Mayo, San Diego

☆ 24-year-old barista's side hustle earns $9,000 a month, more than her full-time job—it only takes 8 hours a week
▼ + stars: | 2023-05-11 | by ( Megan Sauer | ) www.cnbc.com time to read: +3 min

The idea behind Morgan Eckroth's social media business is simple: Create the "warmness and comfort of a coffee shop" online. Eckroth launched her account, MorganDrinksCoffee, as an experiment to hone her social media marketing skills in June 2019. While I was getting my degree [at Oregon State University], I always knew I wanted to go into media marketing and digital advertising. How does having a successful social media business affect the way you consume social media? I try my best not to consume my own content or other coffee content online.

☆ Fact Check-Claim Budweiser beverages were banned from Oktoberfest stems from satire
▼ + stars: | 2023-04-26 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

The claim that beverages by Budweiser, a brand owned by brewing company Anheuser-Busch, have been banned from the Oktoberfest beer festival in Munich, Germany stems from a satirical website, but some have mistaken it as authentic online. Budweiser has never been served at the beer festival, a spokesperson for the event told Reuters. “Budweiser Brands Won’t Be Welcome at Oktoberfest For The 1st Time in 75 Years,” reads one post (here) and (here). A spokesperson for Oktoberfest told Reuters that Budweiser brands have never been served at the beer festival. A spokesperson for the festival told Reuters that Budweiser, a lager brand, has never been served at the beer festival.

☆ ‘Beef’ Stars Call Actor’s Story About Sexual Assault ‘Undeniably Hurtful’
▼ + stars: | 2023-04-21 | by ( Marc Tracy | ) www.nytimes.com time to read: +1 min

The creator and two stars of the new Netflix series “Beef” addressed a brewing controversy on Friday about another actor on the show who said on a podcast in 2014 that he had sexually assaulted a masseuse, comments now recirculating on social media. David Choe, an actor and artist, has long said that he made up the incident he recounted on his podcast, an assertion that the show’s creator, Lee Sung Jin, and its lead actors, Steven Yeun and Ali Wong, backed up in a statement. “The story David Choe fabricated nine years ago is undeniably hurtful and extremely disturbing,” said Lee, Yeun and Wong, who are also executive producers on “Beef.” “We do not condone this story in any way, and we understand why this has been so upsetting and triggering.”They added, “We’re aware David has apologized in the past for making up this horrific story, and we’ve seen him put in the work to get the mental health support he needed over the last decade to better himself and learn from his mistakes.”

☆ We Tested Cold-Brew Coffee Makers—Here Are Our 3 Favorites
▼ + stars: | 2023-04-20 | by ( Nick Guy | ) www.wsj.com time to read: +11 min

And many, including our top pick, the Oxo Brew Cold Brew Coffee Maker, make a brew that easily rivals a barista’s best. Best overallBest for saving spaceBest for coffee on tapOthers you should know aboutHow we pickedBest overallbuy side top pick OXO Brew Cold Brew Coffee Maker $41 at Amazon $ 52 Save $ 11 $52 at OXO Making delicious cold brew does not get much easier than with this OXO coffee maker. Best for saving spaceOXO Brew Compact Cold Brew Coffee Maker $27 at Amazon $ 34 Save $ 7 $35 at Bloomingdales This is the best cold brew maker if space is at a premium and you don’t drink tons of coffee. GrowlerWerks’ uKeg Nitro Cold Brew Coffee Maker is a different kind of cold brew maker, pumping out a brew that has the consistency of a Guinness. Cold Brew Championships–winning baristas to better understand what it takes to make great cold brew coffee.

Persons: Nick Guy, it’s, You’ll, both.We, that’s, There’s, you’re, Takeya’s, there’s, Brew Kit, It’s Organizations: Amazon, System, Brew, Guinness, Cold Locations: Bloomingdales

☆ Fact Check-Claim that Anheuser-Busch fired its entire marketing team stems from a satire website
▼ + stars: | 2023-04-12 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A satirical article about brewing company Anheuser-Busch firing its entire marketing team for partnering with transgender social media influencer Dylan Mulvaney appears to have been taken seriously by some users online. “Anheuser Busch Fires Its Entire Marketing Department After "Worst Mistake In Bud Light History”," read a Twitter post with 1.2 million views at the time of writing (here). A spokesperson for Anheuser-Busch told Reuters that the company has not fired its entire marketing team for collaborating with Dylan Mulvaney, however. Reuters could not find any news publications reporting that the company fired its marketing team following its partnership with Mulvaney. Claims Anheuser Busch fired its marketing department after a partnership with Dylan Mulvaney are not true and were originally published by a satirical website.

☆ How a pro skateboarder went from making $800 a month to being a financially independent real-estate mogul with a portfolio worth millions
▼ + stars: | 2023-04-12 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +10 min

Mikey Taylor started his career as a professional skateboarder making barely enough money to get by. He now runs a real-estate fund and educates investors on how to create a road to financial freedom. "There was a part of skateboarding that really changed the way I looked at the world," Taylor told Insider. "One hundred grand as a professional skateboarder doesn't feel like one hundred grand in a more conventional career because our careers are so short," Taylor told Insider. Setting the groundwork for his life after skateboarding, Taylor started investing in the stock market and bonds at age 20.

☆ Fact Check-Claims Anheuser-Busch CEO apologized for company’s partnership with Dylan Mulvaney stem from satire article
▼ + stars: | 2023-04-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A spokesperson for brewing company Anheuser-Busch told Reuters that online claims its CEO apologized for its collaboration with social media influencer Dylan Mulvaney are false. “I can confirm that these statements are inaccurate and there is no truth to them,” a spokesperson for Anheuser Busch told Reuters in an email. Reuters also could not find any credible news outlet reporting that the CEO of the company had apologized for the partnership. The claim that the company apologized appears to have originated from a satirical website called Dunning-Kruger-Times (here). The claim that Anheuser-Busch’s CEO apologized for company’s partnership with Dylan Mulvaney was originally published by a satirical website.

☆ Fact Check-Claim about Anheuser Busch CEO resigning stems from satirical website
▼ + stars: | 2023-04-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +4 min

“I can confirm that these statements are inaccurate and there is no truth to them,” a spokesperson for Anheuser Busch told Reuters in an email. Anheuser Busch did once have a high-ranking executive named August Anheuser Busch III (here), (here) , who stepped down in 2011 (here). “I can confirm that these statements are inaccurate and there is no truth to them,” a spokesperson for Anheuser Busch told Reuters in an email. Anheuser Busch did once have a high-ranking executive named August Anheuser Busch III (here), (here) , who stepped down in 2011 (here). The article claiming that Anheuser Busch’s CEO has resigned was satirical.

☆ Fact Check-Satirical article about Budweiser losing $800 million in one day taken seriously online
▼ + stars: | 2023-04-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

An article about Budweiser, a brand owned by brewing company Anheuser-Busch, losing $800 million in one day following its collaboration with transgender social media influencer Dylan Mulvaney stems from a satirical website but has been mistaken as authentic online. The claim originated from a satirical website called Patriot Party Press (here). The stock price graphic for Anheuser-Busch’s parent company AB InBev SA shows no significant losses visible in the first few days of April (here), (here). On Monday, its stock price had dropped 2.8% to $64.96 at the closing bell but rose again to $65.50 on April 11 as of this article’s writing. An article about Budweiser losing $800 million in one day was originally published by a satirical website.

Chase Sapphire Reserve® cardholders and up to two guests can access the space for free. The Sapphire Terrace isn't exactly a lounge — in fact, it's not at all part of the Chase Sapphire Lounge by The Club network. This isn't a short-term space; Chase says it will be a multiyear experience available at no charge to Chase Sapphire Reserve® cardholders and up to two guests. Hopefully, since it's only accessible to Chase Sapphire Reserve® cardholders, it will have a more elite feel. If you're not yet a Chase Sapphire Reserve® cardholder, be sure to read our full Chase Sapphire Reserve credit card review for a close look at everything the card has to offer.

☆ Monster Beverage is making booze that tastes just like its energy drinks, and you can already buy it in these 6 states
▼ + stars: | 2023-03-01 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

The Beast Unleashed contains 6% alcohol by volume and flavors inspired by its energy drinks. Called The Beast Unleashed, the drinks are made with malt alcohol and contain 6% alcohol by volume, though no caffeine or energy-inducing ingredients. But the Beast beverages are its latest attempt to diversify its business. Beast Unleashed, which the company announced in early 2022, is the company's first alcoholic beverage that uses the Monster brand. The launch marked the first alcoholic beverage that the cola maker sold in the US.

☆ Bill Gates buys Heineken stake, despite saying he's 'not a big beer drinker'
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] Microsoft founder Bill Gates reacts during a visit with Britain's Prime Minister Rishi Sunak of the Imperial College University, in London, Britain, February 15, 2023. Justin Tallis//Pool via REUTERSAMSTERDAM, Feb 22 (Reuters) - Bill Gates has bought 3.76% stake in Dutch drinks giant Heineken Holding NV (HEIO.AS), although the billionaire founder of Microsoft has previously said he was "not a big beer drinker." Heineken Holding owns a controlling stake in brewer Heineken NV (HEIN.AS). A separate filing also dated Feb. 17 showed FEMSA sold all 18 million shares it held in Heineken Holding. Gates purchased 10.8 million shares, worth 883 million euros ($939.87 million) at current market prices, triggering a disclosure requirement under Dutch stock market rules.

☆ Stocks making the biggest moves midday: Twilio, Tripadvisor, Boston Beer, Roku and more
▼ + stars: | 2023-02-16 | by ( Sarah Min | ) www.cnbc.com time to read: +3 min

Twilio — Shares jumped 19% after Twilio beat revenue expectations in its most recent quarter. Otherwise, Shopify beat expectations on the top and bottom lines. The digital communications stock reported earnings of 88 cents per share on revenue of $13.59 billion. Hasbro — Hasbro rose more than 2% after the toymaker beat earnings per share expectations. Otherwise, the firm beat earnings expectations in its latest quarter, while revenue came in line with estimates.

☆ Stocks making the biggest premarket moves: Shake Shack, Virgin Galactic, Paramount and more
▼ + stars: | 2023-02-16 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Analysts surveyed by Refinitiv were expecting earnings of 23 cents per share on $8.16 billion of revenue. Excluding items, it earned 88 cents per share, slightly above the Refinitiv estimate of 86 cents per share. Cisco also beat revenue expectations. Twilio — The communications tools maker rose nearly 9% after reporting revenue of $1.02 billion, above the $1 billion analyst polled by Refinitiv expected. West Pharmaceutical Services — The drug and health-care products manufacturer gained 5.3% after reporting a fourth-quarter earnings and revenue beat.

☆ Stocks making the biggest moves after hours: Roku, Cisco Systems, Twilio and more
▼ + stars: | 2023-02-15 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

The streaming device company reported a loss of $1.70 per share, better than the forecasted $1.73 per share from analysts polled by Refinitiv. Cisco Systems — Shares advanced 4% in extended trading after Cisco Systems surpassed expectations in its latest earnings results. The digital communications company reported earnings of 88 cents per share, slightly higher than consensus estimate from Refinitiv that showed 86 cents earnings per share. Twilio — The stock jumped 12% in extended trading after Twilio reported a revenue beat. The silicon design company beat earnings expectations in the first quarter, but revenue came in line with expectations.

☆ The 50 fashion, beauty, and lifestyle companies set to take off and become the next great direct-to-consumer brands, according to The Lead
▼ + stars: | 2023-01-30 | by ( Danni Santana | ) www.businessinsider.com time to read: +9 min

HydrowWhat it is: indoor rowing machineTotal capital raised: $255 million22. ipsaWhat it is: fine frozen dinners made to be heated on stove tops or in ovensTotal capital raised: Undisclosed23. MadhappyWhat it is: fashion and lifestyle brand focused on creating conversation around mental healthTotal capital raised: $1.8 million28. MugsyWhat it is: online retailer best known for its jeansTotal capital raised: None32 .Oliver CabellWhat it is: luxury footwear minus the markupsTotal capital raised: None33. The Normal BrandWhat it is: lifestyle brand that sells rugged clothing for men and women inspired by the MidwestTotal capital raised: None46. Win Brands GroupWhat it is: holding company with brands selling outerwear, home goods, and candlesTotal capital raised: $90 million50.

☆ Factbox: California rampage is the latest U.S. mass shooting
▼ + stars: | 2023-01-22 | by ( ) www.reuters.com time to read: +6 min

In 2018, a former Marine combat veteran killed 12 people in a bar in Thousand Oaks. The deadliest shooting in modern California history was in 1984 when a gunman killed 21 people at a McDonald's restaurant in San Ysidro, near San Diego. - THOUSAND OAKS, Nov. 7, 2018 - A former Marine combat veteran killed 12 people in a bar in Thousand Oaks, California, a suburb of Los Angeles. - WASHINGTON, Sept. 16, 2013 - A former Navy reservist working as a government contractor killed 12 people at the Washington Navy Yard. - AURORA, July 20, 2012 - A masked gunman killed 12 people at a cinema in Aurora, Colorado.

☆ Morgan Stanley says China's market will be the biggest winner in 2023 and these stocks stand out
▼ + stars: | 2023-01-20 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

Since the turn of the year, investment banks have become increasingly bullish on the world's second-largest economy, upgrading their outlook on its stocks. But Morgan Stanley is going even further: It's predicting that Chinese stocks will beat global markets this year. "This actually implies that the Chinese equity market will top global equity market performance for 2023. So, this is the time to get back into China," Wang said. Stock picks Wang said the "number one trade" she would recommend to investors is to buy "large-cap, highly liquid" Chinese internet names.

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