Anheuser-Busch invests $7.4 million in Los Angeles brewery

Edison International is set to open applications for compensation to victims of the Eaton Fire by Thanksgiving. This is significant as it provides much-needed support to those affected by the devastating fire that impacted many lives in the Los Angeles area earlier this year. CEO Pedro Pizarro's announcement brings hope to the community as they begin to recover from this tragedy.

A struggling beer brand and brewery has filed for Chapter 11 bankruptcy protection, aiming to restructure its debt. This move highlights the challenges faced by the craft beer industry, especially in a competitive market. The brewery's efforts to reorganize could be crucial for its survival and future growth, impacting local jobs and the community.

Michelob Ultra has officially become the best-selling beer in the United States, surpassing Modelo Especial. This achievement comes just two years after Anheuser-Busch faced a significant consumer backlash that impacted its sales. The rise of Michelob Ultra highlights changing consumer preferences towards lighter beers and suggests a potential shift in the beer market dynamics, making it an important development for both consumers and industry stakeholders.

Jacq Tatelman, the CEO of State Bags, reflects on the company's origins and its mission to support children in need during the back-to-school season. Inspired by her experiences running a nonprofit camp in Brooklyn, Tatelman emphasizes the importance of providing quality backpacks to kids who often arrive at school with inadequate supplies. For every bag sold, State Bags donates one to an American child in need, making a significant impact in communities. This initiative not only helps students but also raises awareness about the challenges faced by many families, highlighting the importance of social responsibility in business.

A US judge has preliminarily approved a significant $1.5 billion settlement regarding copyright issues involving Anthropic, a leading AI company. This decision is crucial as it not only resolves ongoing legal disputes but also sets a precedent for how copyright laws may adapt to the rapidly evolving tech landscape. The settlement reflects a growing recognition of the importance of intellectual property rights in the AI sector, which could encourage innovation while ensuring creators are protected.

In a recent statement, Trump has urged Turkey to reconsider its dealings with Russian oil, suggesting that he might lift sanctions if Turkey complies. This development is significant as it could reshape U.S.-Turkey relations and impact global oil markets, especially given the ongoing tensions surrounding Russia's actions. The potential easing of sanctions could also influence Turkey's economic landscape and its strategic partnerships.

The top Wall Street regulator has announced plans to review the White House's request for companies to submit layoff plans. This move is significant as it reflects the administration's concern over potential job losses and aims to ensure that companies are prepared for any necessary workforce adjustments. By examining these plans, the regulator hopes to maintain stability in the job market and provide guidance to businesses during uncertain economic times.

Ross, the CEO of American Rebel Holdings, has sold $182,000 worth of stock, which raises questions about the company's future direction. While stock sales by executives can sometimes indicate a lack of confidence in the company's prospects, they can also be part of personal financial planning. This sale is noteworthy as it reflects the ongoing dynamics within the company and the market.

Anne Walsh, the chief investment officer at Guggenheim Partners, discusses the potential for rate cuts in the current economic climate during an interview on 'The Close.' She emphasizes that while there is room for cuts, they may not be the most effective tool at this stage. This conversation is significant as it highlights the ongoing debate about monetary policy and its impact on inflation, especially in light of recent economic trends.