Here are 5 key trends shaping the liquor industry as spirits overtake beer for the first time
The spirits industry is overcoming economic headwinds to keep up with changing consumer preferences and demands.
CNBC US News
FDA recommends that updated Covid shots target omicron subvariant XBB.1.5 this fall
The FDA's decision is a win for vaccine makers Pfizer, Moderna and Novavax, which have all been developing versions of their Covid shots to target XBB.1.5.
Michael Jordan is selling his majority stake in the Charlotte Hornets for $3 billion
Jordan will sell his majority stake in the NBA's struggling Charlotte Hornets, and Gabe Plotkin and Rick Schnall are poised to become majority owners.
Microsoft's stock hits record after executives predict $10 billion in annual A.I. revenue
Microsoft's expanding opportunity in the artificial intelligence market has reinvigorated investor excitement and lifted the stock to a record.
Biden to appoint Mandy Cohen to lead the CDC
Cohen will take over a CDC that is in transition as the agency restructures to address criticism that it acted too slowly during the Covid-19 pandemic.
Trump lawyer who quit classified documents case withdraws from $475 million CNN defamation suit
Jim Trusty, who just quit Trump's team in the Mar-a-Lago classified documents case, cited "irreconcilable differences" with the ex-president in the CNN suit.
Grizzlies star Ja Morant suspended for 25 games after latest gun video
NBA star Ja Morant was suspended for 25 games after a second video of him wielding a gun surfaced.
FDA advisors raise doubts about seasonal updates to Covid vaccines as with flu shots
The panel's concerns push back against the FDA's proposed shift to annual Covid shots — an approach that vaccine makers like Pfizer are already preparing for.
Reddit is in crisis as prominent moderators loudly protest the company's treatment of developers
Reddit moderators tell CNBC that company management has failed to engage with them in rolling out a huge price increase for developers.
Cash and carbon cuts stall UN climate talks — setting the stage for a 'huge fight' at COP28
Negotiators departed the United Nations campus in Bonn, Germany this week with a palpable sense of frustration.
Meet GoDigital, the happiness-obsessed company that wants to buy Vice Media
GoDigital, a little-known conglomerate, wants to buy Vice Media and infuse the edgy media company with its culture of happiness.
Twitter has suspended the accounts of a prominent Tesla and Elon Musk critic, PlainSite founder Aaron Greenspan
Before he bought Twitter, Musk remarked, "I hope that even my worst critics remain on Twitter, because that is what free speech means."
FDA advisors recommend that new Covid vaccines target an omicron XBB variant this fall
The FDA advisory panel's recommendation is a win for Covid vaccine makers Pfizer, Moderna and Novavax, which will race to deliver updated shots for the fall.
Bank of America makes $500 million equity push for minority- and women-led funds
Bank of America has allocated over $500 million in equity investments to fund managers led by minorities and women.
Virgin Galactic sets first commercial space tourism flight for this month; shares spike more than 40%
Virgin Galactic aims to launch its commercial space tourism service in late June, with a flight carrying members of the Italian Air Force.
Chief of staff to new top Democrat on antitrust subcommittee lobbied for Apple, Amazon
Lou Correa's selection for the role marks a shift from the leadership of former Rhode Island Democratic Rep. David Cicilline's stewardship of the subcommittee.
Bowlero CEO calls discrimination claims made in EEOC investigation 'absurd'
Bowlero CEO Tom Shannon calls discrimination allegations against his company "absurd," but acknowledges an EEOC investigation may be hurting its stock.
Mercedes-Benz and Microsoft to test ChatGPT in vehicles
Similar to other industries, the potential applications of ChatGPT in the automotive industry have emerged as a growing discussion.
Toyota stock having best week since 2009 after annual meeting, new EV goals
Toyota's stock is having its best week since 2009 following the company disclosing plans for its next-gen EVs and shareholders voting in favor of its board.
Mediterranean restaurant chain Cava stock soars as much as 117% in market debut
The parent company of Mediterranean restaurant chain Cava started trading on the New York Stock Exchange.
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