UBS Boosts China Tech Bets, Adds Kuaishou and Meituan to Focus List 
DeepSeek Eyes $74 Billion Valuation Ahead of Planned China IPO 
PayPal Rejects $53 Billion Stripe-Advent Takeover Offer as Too Low: Report 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Volkswagen Launches €28,000 ID. Cross EV as Europe’s Electric Vehicle Demand Accelerates 
NY Times Challenges Trump Administration Subpoenas Over Air Force One Report 
AI Chip Stocks Face Valuation Pressure as Investors Shift Toward Big Tech and Software 
Apple Intelligence Cleared for China as Alibaba and Baidu AI Power iPhone Features 
Sam Altman Admits OpenAI Missteps, Promises Major AI Comeback Focused on User Freedom 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
Asian Stocks Slide as Nikkei Leads Losses on Tech Selloff and Rising U.S.-Iran Tensions 
South Korea Raises Interest Rates to 2.75% as Inflation and Weak Won Drive Tightening 
Netflix Stock Drops After Weak Q3 Outlook Overshadows Mixed Q2 Earnings 
Apple Intelligence China Approval Lifts Alibaba and Baidu Shares 
Dollar Slides as Softer US Inflation Dims Fed Rate Hike Expectations 
Seven & i Eyes Żabka Stake in Major European Expansion Push 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Mountain Dew, the soft drink brand owned by PepsiCo, produced an alcoholic version of its soda, and it finally hit the shelves this month. This is the highly-anticipated new drink as it is a soda but with a boozy twist.
As per CNN Business, the brand's Hard MTN Dew was made available on Tuesday, but it will only be in select stores in three states, including Iowa, Florida, and Tennessee. Boston Beer and Mountain Dew will eventually add more locations later this year so that more people will get to taste this new spiked product that is also said to be sugar-free.
The new Hard MTN Dew line was produced through the partnership of Boston Beer Company and PepsiCo. The former was granted the green light to turn Pepsi's soft drink brand into an alcoholic drink.
The beer company is launching this caffeine-free alcoholic beverage along with the Baja Blast range. The available flavors for purchase are black cherry, original, and watermelon. People can buy these Hard MTN Dew flavors in 24-ounce individual cans or in a mix pack of 12 with 12-ounce cans.
The new alcoholic drink has no sugar and has 100 calories per can. This can only be purchased by individuals of legal drinking age since it contains 5% alcohol by volume (ABV). Boston Beer Company will be rolling out the Hard MTN Dew in other states throughout 2022.
"The Boston Beer Company and PepsiCo share a passion for pushing boundaries and delivering innovative new beverages that meet the evolving demands of U.S. drinkers," The Boston Beer Company's chief marketing officer, Lesya Lysyj, said in a press release. "HARD MTN DEW delivers on the bold, citrus flavors of the soft drink fans know and love, now with an added bite of 5% ABV."
Meanwhile, the Mountain Dew brand is wholly owned by PepsiCo, but as part of its deal with Boston Beer Company, the beermaker will produce a new version of the beverage, and Pepsi's new entity, the Blue Cloud Distribution Inc., will be the one managing the wholesale operations including the sales, merchandising, and distribution of Hard MTN Dew.
