Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios Pro Rata

Dive into the world of dealmakers across VC, PE and M&A with Axios Pro Rata. Delivered daily to your inbox by Dan Primack and Kia Kokalitcheva.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Nashville news?

Get a daily digest of the most important stories affecting your hometown with the Axios Nashville newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Columbus news?

Get a daily digest of the most important stories affecting your hometown with the Axios Columbus newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Dallas news?

Get a daily digest of the most important stories affecting your hometown with the Axios Dallas newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Austin news?

Get a daily digest of the most important stories affecting your hometown with the Axios Austin newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Atlanta news?

Get a daily digest of the most important stories affecting your hometown with the Axios Atlanta newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Philadelphia news?

Get a daily digest of the most important stories affecting your hometown with the Axios Philadelphia newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Chicago news?

Get a daily digest of the most important stories affecting your hometown with the Axios Chicago newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top DC news?

Get a daily digest of the most important stories affecting your hometown with the Axios DC newsletter.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Lazaro Gamio / Axios

Earlier this week, the United Kingdom's Society of Independent Brewers hit back at the purchase of independent craft brewery London Fields by the Carlsberg Group, one of the world's largest brewing companies:

"[These buyouts] are made in the hope of capturing the original customers and target market of an established, previously independent craft beer brewery…Consumers deserve to know that what they are buying is a genuine craft-brewed beer as research clearly shows that most beer drinkers believe craft beer to be produced by relatively small, independent brewers."

Their request: That beers produced by truly independent breweries in the U.K. be granted a special seal so consumers know that they're not drinking "craft beer" that's actually produced by an international conglomerate.

Why it matters: It's a trend that's been happening on American shores, too, with a rash of craft beer buyouts in the U.S. — including massive purchases of some ubiquitous, popular craft brands to overseas companies. And, just like in the U.K., it's not immediately clear to the consumer where their dollars are going.

The rationale: An independent brewer selling to a global brewer isn't necessarily a bad thing — often, the same brewers remain in control of their product and get granted access to a conglomerate's massive production and distribution capability. That's often an easier move than soliciting outside investments to internally build out those capabilities. But it's still intensely controversial in the craft beer world where the global brewers are seen as an impediment to camaraderie and innovation.

The numbers: Though it seems like craft beer is everywhere these days, all craft breweries combined only make up 11% of the market share in the U.S., according to MarketWatch. AB InBev (the maker of Budweiser) holds 45% of the U.S. market while MillerCoors has 26%. And while import-focused companies like Constellation Brands and Heineken USA hold comparatively small 7% and 4% shares respectively, their Corona and Heineken brands are two of the most popular beers in the country.

Keep track: The world's biggest breweries have been acquiring craft breweries at a breakneck pace, a trend that started with AB InBev's 2011 acquisition of Goose Island. And Constellation Brands' 2015 purchase of Ballast Point for a staggering $1 billion led some to question if there might be a craft beer bubble.

So is your favorite craft brew actually owned by a big company? Find out:

AB InBev

  • Goose Island Brewery, Chicago, IL (2011, $38.8 million)
  • 10 Barrel Brewing, Portland, OR (2014, estimated $50 million)
  • Blue Point Brewing Company, Patchogue, NY (2014, $24 million)
  • Elysian Brewing Company, Seattle, WA (2015, estimated $60 million)
  • Breckenridge Brewery, Denver, CO (2015, estimated $70 million)
  • Golden Road Brewing, Los Angeles, CA (2015, undisclosed)
  • Four Peaks Brewing, Tempe, AZ (2015, undisclosed)
  • Devils Backbone Brewing Co., Roseland, VA (2016, undisclosed)
  • Karbach Brewing Company, Houston, TX (2016, undisclosed)
  • Wicked Weed Brewing, Asheville, NC (2017, undisclosed)

MillerCoors

  • Saint Archer Brewing Co., San Diego, CA (2015, estimated $35 million)
  • Terrapin Beer Co., Athens, GA (2016, majority share, undisclosed)
  • Hop Valley Brewing Co., Eugene, OR (2016, majority share, undisclosed)
  • Revolver Brewing, Granbury, TX (2016, majority share, undisclosed)
  • Worth noting: MillerCoors also brews Blue Moon and Leinenkugel's in-house, two brands that are marketed as craft beers — but very much aren't.

Constellation Brands

  • Ballast Point Brewing Company, San Diego, CA (2015, $1 billion)

Heineken USA

  • Lagunitas Brewing Company, Petaluma, CA (2015, majority share, estimated $500 million; 2017, remainder purchased, undisclosed)

Go deeper

Omicron cases confirmed in 4 U.S. states

A healthcare worker inserts a Covid-19 rapid test into a machine in Denver, Colorado. Photo: Daniel Brenner/Bloomberg via Getty Images

Five cases of the newly-discovered Omicron variant were detected in New York, Gov. Kathy Hochul (D) and New York City Mayor Bill de Blasio announced on Thursday, making New York the fourth state with confirmed cases.

The latest: In addition to New York, the variant has been confirmed in California, Colorado and Minnesota.

Early winter heat shatters records in U.S., Canada

Temperature departures from average on Dec. 2, 2021, as depicted by the GFS computer model. (Weatherbell.com)

A widespread and intense heatwave is roasting large portions of the U.S. and Canada, shattering daily and monthly temperature records.

Why it matters: Winter is the fastest-warming season across the U.S., and the lingering warmth is shortening the snow season in places like Colorado and Montana, where mountain snowpack is a critical source of water during the summer months.

5 hours ago - Science

COVID time warp

Illustration: Sarah Grillo/Axios

The start of the COVID-19 pandemic seems like a lifetime ago to some, and just yesterday to others. Scientists are beginning to unpack the way people processed the passage of time amidst the stress, uncertainty and isolation of the 1 year, 8 months and 21 days since WHO declared a pandemic.

Why it matters: The pandemic's global effects on how people experience time could provide new insights into the brain's ability to perceive and predict time — a fundamental feature of life.