Big Business
Photo illustration by Krieg Barrie

Pot in the bottle

Drug Abuse | Big Alcohol is adding a new ingredient—marijuana—to its moneymaking brew
by Jim Long
Posted 8/02/18, 02:35 pm

Second in a series on the legalization of marijuana

Three major beer sellers with familiar labels—Heineken, Corona, and Coors—are blazing the path to marijuana-infused alcohol. How they got to this point is a story of marketing maximizing, whatever the social effects.

By 2015, U.S. alcohol sales had dropped 15 percent in states (most of the country) that had legalized marijuana for medical use. That’s according to a study conducted from 2006 to 2015 by researchers from the University of Connecticut, Georgia State University, and Universidad del Pacifico.

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Associated Press/Photo by Richard Drew

White House renews fight against AT&T–Time Warner merger

by Lynde Langdon
Posted 7/13/18, 10:22 am

The Trump administration’s campaign to block AT&T’s megamerger with Time Warner is still going strong. The Justice Department announced Thursday it was appealing a federal judge’s ruling blessing the $81 billion deal. The government argues the merger would hurt competition, limit consumer choices, and raise the cost of streaming TV and movies. AT&T became the biggest pay-TV provider in the United States with its acquisition of DirecTV in 2014. It claims about 25 million of the 90 million or so U.S. households that are pay-TV customers. Time Warner owns CNN, HBO, the Warner Bros.

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Associated Press/Photo by Peter Power/The Canadian Press

Canada ups trade ante with tariffs

by Kent Covington & Lynde Langdon
Posted 7/02/18, 11:45 am

Canadian tariffs on many U.S. imports take effect this week to the tune of $12.5 billion. The newly taxed products include steel and iron, as well many smaller categories like detergent, ketchup, and pizza. U.S. President Donald Trump on Sunday threatened to fire the next shot in the mounting trade war. He wants to wait until after November’s midterm elections before agreeing to a new NAFTA trade agreement with Canada and Mexico. Sen. Pat Toomey, R-Pa., said the tariffs were bad news for the people of his state: “With Canada, we have a trade surplus. We have a surplus even in steel.

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