Why Anheuser-Busch InBev Stock Rose 15.4% in January
AB InBev’s rise was almost certainly aided by an 8% increase from the S&P 500 in January. But its gains also accelerated following early reports that it was considering an IPO for certain parts of its Asian operations, which account for 20% of the company’s global volume and notably includes China’s popular Harbin beer brand. (Motley Fool)
Anheuser-Busch, MillerCoors Fight to Save Expiring Tax Breaks
A coalition of alcohol producers, including Anheuser-Busch and MillerCoors, are turning up the heat on Congress to make permanent new tax cuts they won as part of the 2017 tax overhaul.
The 2017 law gave beer, wine, and spirits producers a two-year federal excise tax reduction worth $4.2 billion—with the deepest cuts going to small domestic brewers, whose tax rates were halved to $3.50 from $7 per barrel on the first 60,000 barrels.
The benefit is set to expire at the end of 2019, and brewers, cider makers, vintners, and distilleries are intent on maintaining it. (Bloomberg Tax Report)