Asian Stocks Slide, Oil Prices Climb as Middle East Tensions and Inflation Fears Shake Markets in 2026 
Adobe Beats Q2 2026 Estimates, Raises Full-Year Outlook as AI Revenue Surges Despite Stock Drop 
Coupang Hit With Record $409 Million Fine Over Data Breach Affecting 33 Million Users 
Oil Prices Fall as Trump Signals Iran Deal, Reducing Supply Risk Concerns 
Woodside Energy Acquires PetroChina’s Browse Stake, Expands Position in Major Australian Gas Project 
Astera Labs and Rocket Lab Surge After Nasdaq-100 Inclusion Announcement 
Wall Street Slides as U.S.-Iran Tensions Escalate; Tech Stocks Extend Losses in 2026 
Pakistan Economy Grows 3.7% in FY2026 Amid Strong Fiscal Performance 
Trump Signals Possible U.S.-Iran Peace Deal as Hormuz Reopening Nears 
Frasers Group Launches €2 Billion Hugo Boss Takeover Offer Amid Control Speculation 
SpaceX IPO Sets Record With $75 Billion Raise, Valuation Hits $1.77 Trillion 
New Zealand Manufacturing Slips Back Into Contraction in May 
Asian Currencies Mixed as Dollar Slips on Iran Peace Hopes and Fed Rate Outlook 
Hanmi Semicon Shares Surge After $33 Million SpaceX Investment 
Japan Producer Prices Surge in May, Strengthening Expectations of BOJ Rate Hike 
Asian Stocks Slide as Tech Selloff Deepens and US-Iran Conflict Escalates 
Anheuser-Busch announced that it had discontinued Travis Scott's CACTI spiked hard seltzer. The suspension of the CACTI deal comes following the tragic Astroworld Festival that left 10 people dead and many injured on Nov. 5 in Houston, Texas.
With the latest developments in the CACTI deal, Anheuser-Busch already took down all of the press releases, the website dedicated to Travis Scott's hard seltzer, and social media accounts. Everything related to the American rapper and producer has been scrapped.
"After careful evaluation, we have decided to stop all production and brand development of CACTI Agave Spiked Seltzer," Anheuser-Busch's spokesman told CNN Business. "We believe brand fans will understand and respect this decision."
The brewer that also makes Budweiser and Bud Light beers announced its decision to stop the production and promotion of Scott's hard seltzer on Friday, Dec. 10. It was noted that the artist's seltzer was discontinued less than a year since it first hit the shelves.
Although many people may easily assume that Anheuser-Busch's decision to drop Scott Travis is related to the tragedy at the Astroworld Festival, reports stated that the brewer did not indicate if its move has something to do with the unfortunate event that took place early last month. At this point, seven families were said to have declined the rapper's offer to shoulder expenses for the funerals.
At any rate, a source reportedly said that the cancellation of CACTI was a mutual decision between Travis Scott and Anheuser-Busch. He said the two parties agreed to end their partnership on Nov. 30. It was added that the artist's main focus at the moment is helping his fans and community heal from the concert tragedy.
Aside from AB, other popular brands that have either halted collaborations or cut ties with the rapper after the deadly music festival include Nike, Mega64, and Epic Games. Nike announced on Nov. 15 that it postponed the release of Air Max 1 x Cactus Jack out of respect to those who were affected by the incident.
Meanwhile, Billboard reported that almost 2,800 attendees of the Astroworld festival have already filed legal claims against Travis Scott, Live Nation, and other groups that organized the festival. They were accused of negligence in the event planning and how they responded to the incident on Nov. 5.
