Beer Stocks Are Falling Fast Because
Millennials Prefer Weed, Wine, and Spirits
Big beer companies, including those that brew Coors, Sam Adams and Corona, recently took a sizable hit in the stock market because millennials are “shifting away from beer,” according to a Goldman Sachs analyst.
The Goldman report indicates that millennials aren’t consuming as much alcohol as their parents, and when they do, they appear to prefer wine and spirits over beer. Read more here, from Maxim.
Why Kentucky Clear Spirits, Like Gin, Might Be the Next ‘Bourbon’
In Kentucky, few new distillers would say their main goal is anything but to produce one of the state’s key exports: bourbon.
But there’s a catch. Good bourbon requires years of aging before it can make its way to liquor store shelves. And the distillers could be left with no income for just as long if they don’t decide to try their hands at any other spirits.
That’s why eagle-eyed customers might have noticed that more Kentucky-made clear spirits are hitting the market. Read more here, from the Louisville Courier-Journal.
House Speaker Ryan Talks Healthcare, Taxes at MillerCoors
Despite a string of setbacks, House Speaker Paul Ryan remains convinced the Senate will eventually be able to repeal and replace the Affordable Care Act.
“Thirteen-hundred great family supporting jobs are here in Milwaukee thanks to MillerCoors,” Ryan said. “I’m here to talk about how we can have even more good paying jobs here. How tax reform is really important to make American businesses competitive in the world.”
Ryan stressed the importance of keeping businesses in the United States and spoke out about the Republican-backed tax overhaul plan. Watch the video here, from WTMJ, Milwaukee.