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.
State of play: Whether it's book sales, podcasts or TikTok's obsession with the Roman Empire, "the business of history is booming," Bloomberg reports.
By the numbers: Readers in the U.K. and Ireland dropped more on history books in 2023 than in any other year in Nielsen BookData's 25 years of data. Here in the U.S., the genre grew 6% last year in an overall flat book market, Bloomberg notes.
Zoom in: Popular podcasts include "The Rest Is History," "Hardcore History," "Revisionist History" and "Stuff You Missed in History Class."
The public has a "seemingly insatiable appetite for amiable discourse about war, monarchy, empire, plague and revolution," Bloomberg says.
💭 Nathan's thought bubble: I love history books, but I have concerns about everyone thinking they're a historian. As one character says in Act 2 of "Wicked": "Where I'm from, we believe all sorts of things that aren't true. We call it 'history.'"
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.
Japan's Nippon Steel on Friday indicated that it will sue the U.S. government after President Biden blocked its purchase of U.S. Steel on national security grounds.
The big picture: Biden blocked the deal, but defending that decision will fall to President-elect Trump, who also opposed the transaction.
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.
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.
If Donald Trump succeeds in significantly reducing the U.S. trade deficit with China, he'll do so against the force of history — and of market expectations.
Why it matters: By placing the trade deficit with China at the top of the list of things he wants to slash, Trump is facing off against trillions of dollars' worth of deeply entrenched global trade patterns.
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.
