Publicly traded stocks for beer, wine and spirits companies sank Friday following the U.S. Surgeon General's call for the U.S. to adopt cancer warning labels on alcoholic beverages.
Why it matters: Though Congress would need to take action on the recommendation, the suggestion adds to a growing list of problems for alcohol companies.
Venture capitalists spent much of last year blaming government for their dearth of distributions. Those excuses wore pretty thin, but will evaporate come Jan. 20.
The big picture: Silicon Valley is about to influence D.C. like Wall Street once did.
Here's what's new on Netflix, Peacock, Paramount+ and Max.
What we're watching: The "Selling" reality series takes Manhattan, a new series based on true tragic events and a new movie in the iconic "Wallace and Gromit" film franchise.
A record 27 CEOs resigned last year at companies targeted by activist investors, as shareholders revolted against leaders who weren't moving fast enough to boost market value.
Why it matters: Activists' success has boards moving quickly to remove underperforming CEOs, sometimes acting at the mere threat of a campaign.
President Biden on Friday is expected to block Japan's Nippon Steel from acquiring U.S. Steel, citing national security concerns, the White House announced Friday.
Why it matters: U.S. Steel's shares were down as much as 9% in pre-market trading Friday on the news. The company has warned that a deal failure would cause it to close some operations in Pennsylvania, where it employs around 4,000 people.
Egg prices are soaring, breaking new records as the bird flu outbreak grows.
Why it matters: No food item has been as much of an inflation poster child like eggs, and their prices often give a clue about the economic environment.
Elon Musk hijacked British politics this week with a stream of at least 60 X posts since Tuesday attacking Prime Minister Keir Starmer, defending an anti-Islam campaigner and endorsing the far-right Reform Party.
Why it matters: The right-hand man to America's next president has gone after the leaders of several of its closest allies in recent months. But his fight with the British government is turning into the nastiest yet.
AI stocks led markets to record heights in 2024, but some investors are already moving on to the new hotness: quantum computing.
Why it matters: Investors who tripled or quadrupled their money on AI plays are hungry for the next big thing, even if quantum computing is still relatively nascent in comparison.
The Federal Communications Commission lacks the authority to restore net neutrality rules that prevented broadband providers from slowing or blocking access to internet content, a federal appeals court ruled on Thursday.
Why it matters: The all-Republican panel on the U.S. Court of Appeals for the 6th Circuit handed a blow to the Biden administration, Senate Majority Leader Chuck Schumer (D-N.Y.) and other Democrats who've pushed for fair and open internet measures.
