Biotech company Biogen lowered its full-year profit forecast, citing higher costs related to its purchase of drug maker Reata Pharmaceuticals as well as the launch of its Alzheimer's drug.
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Jack Daniels Trademark Lawsuit Against Dog Toy Company Heads to Supreme Court
Jack Daniels was at the U.S. Supreme Court today. The whiskey-makers argued that a dog toy company violated federal trademark law with a product that parodies the distiller's iconic bottle. The toy is the Bad Spaniels Silly Squeaker toy by VIP products. The first amendment case pits the rights of a famous trademark holder against parody products. Jack Daniel says the toy damages its reputation, especially the references to dog poop.
White Claw Announces Branded Vodka
Alcohol brand White Claw is moving into spirits amid an industrywide shift away from hard seltzers. The spiked seltzer brand announced a new line of regular and flavored White Claw premium vodkas. The bottles are available in select markets across North America and come in an unflavored option as well as pineapple mango and black cherry white Claw has dominated the Heart Seltzer market for years. Now bringing the category into the mainstream as more consumers sought those low calorie alcohol drinks.
Afternoon Alexa Flash Briefings of March 22nd
Afternoon Alexa Flash Briefings
Cheddar Afternoon News Briefings of March 22nd
Cheddar Afternoon News Briefings
JPMorgan Buys Firm Serving Startups in Wake of SVB Collapse
JPMorgan on Wednesday announced that it has entered an agreement to purchase Alumni, an analytics firm serving the venture capital industry.
Wall Street Holds Steady Ahead of Fed Decision on Rates
Stocks are holding relatively steady Wednesday as Wall Street bides its time until the Federal Reserve’s announcement in the afternoon about whether it will tighten the screws further on the economy.
GameStop Leads Meme Stock Rally in Pandemic Trade Comeback
Meme stocks are rising before the opening bell Wednesday after GameStop, one of the most heavily traded off-brand stocks during the pandemic, posted a surprise profit for the fourth quarter.
Inflation Pushes Consumers to Use 'Buy Now Pay Later' for Groceries
The rising cost of groceries is pushing more consumers to use Buy Now Pay Later (BNPL) services for necessities such as groceries, according to new data from Adobe Analytics.
Cheddar Morning News Briefings of March 22nd
Cheddar Morning News Briefings
