A planned alliance between the world's big beer makers to lure consumers back to their beverages is at risk after Budweiser's parent AB InBev roasted MillerCoors in a series of Super Bowl commercials for its use of corn syrup, the Wall Street Journal reports.
The state of play: The traditional big brewers have lost market share in the U.S. as drinkers increasingly favor wine, spirits and craft beer, so a joint force of AB InBev, MillerCoors, Heineken and Constellation Brands had planned a joint effort to promote their products. But AB Inbev's ads pushed MillerCoors to drop out of a meeting for the project next month — with MillerCoors' communications head telling the WSJ that the ads could actually serve to harm the wider beer sector.
Green Book, a civil rights-era comedy and drama, made history Sunday night, taking home the prize for Best Picture at the 91st Academy Awards.
Why it matters: Voters weren't yet ready to hand over the top award to Netflix, which mounted a reported $25-30 million public relations campaign for its black-and-white foreign-language film "Roma." And, most importantly, the night also saw a host of historic wins for minorities at the awards.
"I am pleased to report that the U.S. has made substantial progress in our trade talks with China on important structural issues including intellectual property protection, technology transfer, agriculture, services, currency, and many other issues. As a result of these very productive talks, I will be delaying the U.S. increase in tariffs now scheduled for March 1. Assuming both sides make additional progress, we will be planning a Summit for President Xi and myself, at Mar-a-Lago, to conclude an agreement. A very good weekend for U.S. & China!"
American banks are minting money. In 2018, they made $237 billion in profits, bringing their average return on assets to an extremely healthy 1.35%. That's up from 0.97% in 2017. With banking so profitable, a lot of new players are looking to get in on the game, or to increase their market share.
The big picture: In a tech-obsessed world, a broad range of institutions have decided that the future of banking lies in apps. The logic is simple: Increasingly, Americans want to bank on their phones, rather than in expensive-to-maintain branches, so banks should give them what they want.
Males, forever the beneficiaries of systems and structures they built to sustain their power, are at the heart of self-inflicted crises in every part of the world.
The big picture: Power corrupts, and societal structures have so far granted men the most power. There are, of course, unscrupulous female leaders. But because there are far fewer of them, the reckoning for men is taking place on a far vaster scale.
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