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Bud Light sales are falling, but distributors say they’re sticking by the brand

By Jordan Valinsky, CNN Beer distributors are largely sticking by Bud Light and its parent company, Anheuser-Busch, as controversy continues to embroil the brand. Two Instagram posts featuring transgender influencer Dylan Mulvaney earlier this month ignited fury from the right and hurt sales. The brewing giant met with wholesalers on Tuesday at the National Beer

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Google and Microsoft fight over the future of AI

CNN By Nicole Goodkind, CNN Wall Street was able to breathe a sigh of relief on Tuesday as Google-parent company Alphabet and Microsoft both beat the market’s relatively modest earnings expectations. The companies saw big boosts from their search and cloud computing businesses. After a disastrous year for both stocks, the shares rebounded strongly in

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Boeing’s problems and losses continue

By Chris Isidore, CNN Losses continued to mount for Boeing, as the supply chain problems caused higher-than-expected losses. The company reported a loss of $1.27 per share, excluding special, one-off charges and gains. Although that was an improvement from the $2.75 a share it lost on that basis a year earlier, it marked the seventh-straight

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Tobacco companies pay over $600 million to settle alleged sanctions violations with North Korea

By Hannah Rabinowitz and Holmes Lybrand, CNN Two tobacco companies have agreed to pay over $600 million to US authorities over allegations that the companies were selling tobacco products to North Korea in violation of US sanctions. The agreement was simultaneously announced with criminal charges against the two companies for North Korean sanctions violation, conspiracy

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Senate Republicans call on Biden administration to clamp down on cloud companies with ties to China

By Brian Fung, CNN A group of Republican senators on Tuesday urged the Biden administration to “use all available tools” to sanction cloud computing firms with links to China. The letter led by Sen. Bill Hagerty calls on the Departments of Commerce, State and Treasury to impose “sanctions, export restrictions, and investment bans” on companies

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