Monster Beverage Buys Owner of Craft Breweries Cigar City, Oskar Blues for $330 Million

Monster Beverage Corp. has been mulling a move into booze for years. It finally took the plunge Thursday, becoming the latest big soft-drink company to try its hand at alcoholic beverages. Monster, best known for its namesake energy drinks, said it had forged a deal to buy craft-beer and hard-seltzer company CANarchy Craft Brewery Collective … Read more

O-I Glass Subsidiary Floats $610 Million Asbestos Bankruptcy Settlement

A bankrupt subsidiary of O-I Glass Inc., one of the world’s largest makers of glass container products, has proposed a $610 million settlement to resolve costly litigation arising from manufacturing thermal insulation products that contained asbestos, a cancer-causing mineral. The proposed settlement, made public in papers filed Wednesday in the U.S. Bankruptcy Court in Wilmington, … Read more

WSJ News Exclusive | Washington Post Reprimands Business Editor Over Tweet Criticizing Column About NFL’s Ben Roethlisberger

Washington Post Executive Editor Sally Buzbee told employees that a top editor has been reprimanded over a tweet in which she criticized an SF Gate column that condemned football player Ben Roethlisberger, according to a company spokeswoman. Lori Montgomery, who is the Post’s business editor, tweeted last week that the column, which referenced allegations that … Read more

Fed’s Mester Says Economy on Track for a March Rate Rise

Federal Reserve Bank of Cleveland President Loretta Mester responds to questions about the inflation outlook and what policy moves the Fed may need to make as it confronts price pressures, at WSJ’s CFO Network Summit. Jan. 12, 2022 12:09 pm ET Federal Reserve Bank of Cleveland President Loretta Mester said Wednesday the U.S. central bank … Read more

Covid-19 Pill Developer to Spend SPAC IPO Funds on Clinical Trial, Hiring

Biopharmaceutical firm Pardes Biosciences Inc. plans to spend a large chunk of the funds it raised through a public offering late last month on a pill it is developing to treat Covid-19, including on manufacturing and hiring more clinical staff. The clinical-stage company, which is based in Carlsbad, Calif., on Dec. 27 listed on Nasdaq … Read more

Medicare to Pay for Biogen’s New Alzheimer’s Drug in Clinical-Trial Patients

Medicare officials said they would cover Biogen Inc.’s BIIB 2.64% controversial Alzheimer’s disease drug Aduhelm on the condition that patients are in clinical trials and have early-stage symptoms. The clinical trials are intended to gather evidence on the drug’s safety and effectiveness and would apply to similar drugs if they are approved, the Centers for … Read more

GM Takes Aim at Carvana, Vroom With Used-Car Website

The market for selling used cars online has exploded during the pandemic. Now, General Motors Co. GM 0.64% wants to help its dealers secure a bigger piece. The Detroit auto maker is launching a new website called CarBravo that will help U.S.-based GM dealers market and sell used cars online, competing directly with Carvana Co. … Read more

Facebook Owner Meta Names DoorDash CEO Tony Xu to Board

Facebook FB 1.92% parent Meta Platforms Inc. appointed DoorDash Inc. DASH 7.64% Chief Executive Tony Xu to its board of directors, adding outside executive experience to a group that has been criticized for its lack of independence. Mr. Xu’s appointment Tuesday is the first change to the board since the company rebranded itself as Meta … Read more

Federal Judge Rejects Facebook’s Request to Dismiss FTC’s Latest Antitrust Lawsuit

Meta Platforms, previously known as Facebook, had sought to have an amended federal antitrust lawsuit dismissed. Photo: Constanza Hevia H. for The Wall Street Journal Updated Jan. 11, 2022 3:44 pm ET WASHINGTON—A federal judge on Tuesday ruled the Federal Trade Commission can move forward with its revised antitrust case alleging Meta Platforms Inc.’s Facebook … Read more

Amazon Warehouse Workers in Alabama to Hold Second Union Vote

The National Labor Relations Board said the new election will be held by mail, with ballots being mailed to employees on Feb. 4. Voters will have almost two months to submit their ballots, with the vote count scheduled to start March 28. While Amazon won the first vote by a large margin, the labor board’s … Read more