Stick it back in the fridge... Freaky fact: Budweiser-owner AB InBev makes 1 of every 4 beers worldwide. It also just canceled the biggest IPO of 2019. The brew-glomerate was planning to spin off its Asia business into a separate publicly traded company — the IPO for Bud Asia would've raised $10B cash that AB InBev could have used to pay off some debt. But Bud wasn't happy with the amount investors were willing to pay for shares, so it pulled out Friday, dropping Bud's stock 3%.
There's a work-life imbalance... Turns out the email crushing office messenger Slack has aggressive competition. For the first time, Microsoft revealed how many people are using its work communicating rival "Teams": 13M. And that's just two years after it launched (Slack is at 10M). The next battle between the two is over integrations: Which will connect you to a Zoom conference call most seamlessly?
The best prescription: not lying... Johnson & Johnson fell 4% Friday on word the Department of Justice is investigating whether it's been truthful about cancer risks in its baby powder. The pharma legend denies it's done anything wrong, but investors are thinking about the 13K+ lawsuits it's facing over the talcum-based product. Plus, the 124-year-old icon is already losing Millennial moms to drama-free babycare startups with 'gram-worthy brands and packaging.