Coca-Cola Co. and Constellation Brands have signed a partnership for a new alcoholic version of the Fresca soft drink brand. The US launch is slated for 2022. According to Constellation Brands, adult alternative beverages, including ready-to-drink cocktails, constitute a nearly $ 8 billion segment with an expected annual growth rate of 15-17% in the US. over the next three years. In addition, Fresca is experiencing a resurgence in popularity, becoming the fastest growing soft drink brand in Coca-Cola’s portfolio.
Exscientia
Biotech Exscientia has signed an agreement with Sanofi to develop up to 15 new drug candidates in oncology and immunology using Exscientia’s artificial intelligence platform. As part of the deal, Sanofi will make an upfront payment of $ 100 million to Exscientia. Additional milestone payments can reach $ 5.2 billion.
GameStop
Video game distributor GameStop is expected to rise sharply on Wall Street on the back of press reports that it plans to launch a marketplace for NFTs intended for gamers by the end of the year. According to a person familiar with the matter cited by Bloomberg, he is also in talks with crypto and blockchain companies to find out which tokens could be used in the marketplace.
New York Times
The New York Times Company announced last night that it had signed an agreement to acquire sports news site The Athletic for $ 550 million. The news group expects the transaction to be immediately accretive in terms of revenue growth and to have a dilutive effect on its operating profit for about three years, as subscriptions increase. and the implementation of an advertising activity, then a positive effect thereafter.
AOF 2022