In this article SAM Boston Beer Chairman Jim Koch told CNBC on Friday the company decided to throw away excess supply of Truly hard seltzer, instead of discounting it, in response to a categorywide sales slowdown. “We were very aggressive about adding capacity, adding inventory, buying raw materials, like cans and flavors, and, frankly, we
Business
At least one hedge fund sold its stake in the SPAC Digital World Acquisition Corp. after the firm announced plans to merge with the social media company planned by former President Donald Trump. Lighthouse Investment Partners, one of at least nine hedge funds to hold stakes in the Digital World Acquisition, shed its holdings in
Firefighter Matt Smither is seen working alongside critical care nurses in the Intensive Care Unit at Queen Alexandra Hospital in Portsmouth, southern England. ADRIAN DENNIS | AFP | Getty Images LONDON — An increasing number of doctors in the U.K. are warning that the country, and its health service, are facing a renewed health crisis
In this article GM 2022 GMC Sierra 1500 AT4X (left) and Denali Ultimate GM DETROIT – General Motors is rolling out two new high-end GMC Sierra 1500 pickups, including one called the Denali Ultimate, that will start at more than $80,000 – making it the most expensive full-size, half-ton pickup on the market. The new
In this article GOOGL Alphabet‘s Google is “still all in on health,” according to its chief health officer, despite the demise of its recent attempt at a formalized business unit for the health-care sector. The tech giant founded Google Health in 2018 and at one point grew it to 500 employees, but dissolved the unit
A health worker inoculates a man with a dose of the Covishield vaccine against the Covid-19 coronavirus inside a vaccination centre in Ghaziabad on October 20, 2021. Prakash Singh | AFP | Getty Images India has administered more than 1 billion doses of Covid-19 vaccines since starting its ambitious vaccination program in January. Government data
In this article TSLA Close up of Tesla logo on a charger at a Supercharger rapid battery charging station for the electric vehicle company Tesla Motors, in the Silicon Valley town of Mountain View, California, August 24, 2016. Smith Collection/Gado | Archive Photos | Getty Images Tesla is changing the battery chemistry it uses in
In this article SAM BF.B Close-up of discounted cans and cases of packaged cocktails on Safeway store shelves in Lafayette, California, December 31, 2020. Smith Collection/Gado | Archive Photos | Getty Images John Granata, co-founder of Jersey Spirits Distilling and president of the New Jersey Craft Distillers Guild, has been pushing for lower excise taxes
Firefighter Dan Joslin wearing a face shield helps prone a Covid-19 patient as he works alongside critical care nurses in the Intensive Care Unit at Queen Alexandra Hospital in Portsmouth, southern England. ADRIAN DENNIS | AFP | Getty Images LONDON — U.K. medical professionals have issued an urgent plea to the British government to reimpose
In this article WMT Goldman Sachs is swapping out one big-box retailer for another. The firm on Tuesday added Walmart to its conviction buy list, pointing to improved profitability and increased share of the U.S. grocery market. At the same time, analysts removed Target from that list. The firm remains bullish on the stock but
Footprint Center exterior Source: Suns Legacy Partners & Footprint When the Phoenix Suns open the 2021-2022 NBA season at home on Oct. 20, fans will likely notice the new banner hanging from the rafters celebrating the Suns’ run to the 2021 NBA Finals. They might also notice that their drink is in a biodegradable, compostable
In this article M People wear facemasks as they walk through Herald Square on January 8, 2021 in New York City. Angela Weiss | AFP | Getty Images Activist investor Jana Partners has taken a stake in Macy’s and sent a letter to the department store chain’s board on Wednesday urging it to separate its
In this article HOLX AA SPCE Virgin Galactic’s space tourism rocket plane SpaceShipTwo returns after a test flight from Mojave Air and Space Port in Mojave, California, December 13, 2018. Gene Blevins | Reuters Check out the companies making headlines in after hours trading Virgin Galactic — Shares of the space company fell more than
Pittsburgh Penguins center Evan Rodrigues (9) has a break away and Tampa Bay Lightning goaltender Andrei Vasilevskiy (88) makes a save during the NHL Hockey match between the Tampa Bay Lightning and Pittsburgh Penguins on October 12th, 2021 at Amalie Arena in Tampa, FL. Andrew Bershaw | Icon Sportswire | Getty Images The National Hockey
People gather for picnics beside the Harbour Bridge in the suburb of Kirribilli on September 19, 2021 in Sydney, Australia. Covid-19 restrictions have eased for people in NSW who are fully vaccinated. James D. Morgan | Getty Images News | Getty Images Fully vaccinated Australians arriving in Sydney from overseas will no longer have to
U.S. President Joe Biden delivers remarks on the September jobs numbers in the South Court Auditorium in the Eisenhower Executive Office Building on October 08, 2021 in Washington, DC. Chip Somodevilla | Getty Images The Biden administration on Friday unveiled a government-wide plan to address the systemic threat climate change poses to all sectors of
Former President Bill Clinton Adam Jeffery | CNBC Former President Bill Clinton was hospitalized on Tuesday evening to receive treatment for a non-Covid related infection, according to his spokesman. Clinton’s spokesman Angel Urena said late Tuesday that the former president was admitted to UC Irvine Medical Center in California. “He is on the mend, in
A pedestrian wearing a face mask looks at a smartphone while passing in front of the New York Stock Exchange (NYSE) in New York, on Monday, July 20, 2020. Michael Nagle | Bloomberg | Getty Images A Minnesota general contractor pleaded guilty Thursday to a scheme to hijack dormant shell companies and then pump-and-dump their
In this article BYND MCD McDonald’s McPlant burger Source: McDonald’s McDonald’s will test the meatless McPlant burger created as part of its partnership with Beyond Meat in eight U.S. restaurants next month. The trial is the latest step in McDonald’s cautious march to add plant-based meat to its menu. The company has taken its time
A paramedic with Israel’s Magen David Adom medical service administers the third shot of the Pfizer-BioNTech Covid-19 vaccine on August 24, 2021 in Holon. Ahmad Gharabli | AFP | Getty Images Israel and Bahrain want eligible residents to take their Covid booster shots — and those who don’t do so risk losing their fully-vaccinated status,