In a 2023 Gallup survey, 62% of American adults under 35 said they drink alcohol, down from 72% twenty years earlier.
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The company’s flagship Modelo brand continues as top dog after surpassing Bud Light in sales last year.
The massive private-equity investments are causing concerns about its impact on the wealth management industry.
New filings with the Securities and Exchange Commission are requesting permission to launch ETFs that hold both public and private assets.
High-profile lawsuits and SEC investigations over cash sweeps have taken the industry by storm.