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Coca-Cola last month teased the possibility it could get into the cannabis business. But the beverage maker now says it's not interested in pot.CEO James Quincey said the company "doesn't have any plans at this stage" to enter the CBD market, during an earnings conference call with analysts Tuesday.CBD is a non-psychoactive component of marijuana.Quincey's comments came in response to a question from Cowen & Co. analyst Vivien Azer, who asked about rumors that Coca-Cola (KO) was looking at the CBD category.Coke said in September that it was "closely watching" the growth of CBD as a possible ingredient for so-called wellness beverages. At the same time rumors swirled that Coke was considering an investment in Canadian cannabis company Aurora (ACB).It looks like Coke decided to pass.Shares of Aurora, which just began trading on the New York Stock Exchange last week, rallied nonetheless on Tuesday. So did shares of fellow Canadian pot stocks Cronos (CRON), Aphira (APHQF) and Canopy Growth (CGC).Even though Coke shot down chatter of an imminent deal with Aurora or other cannabis companies, there is still growing interest in CBD from larger global consumer companies ever since recreational marijuana became legal in Canada earlier this month.Coke's archrival Pepsi (PEP) hasn't completely ruled out a move into cannabis. Chief Financial Officer Hugh Johnston told analysts during its earnings call earlier this month that "it's fair to say we look at everything" in response to a question about cannabis.But Johnston added that investing in CBD, especially in the United States, would be a "considerable challenge" as long as marijuana remains illegal on a federal level. It's legal in nine states and D.C.That murky legal status hasn't kept the beer and spirits makers at bay.Corona owner Constellation Brands (STZ) has a more than billion stake in Canopy Growth.The Canadian subsidiary of Molson Coors (TAP) has a joint venture with The Hydropothecary Corporation to produce cannabis-infused drinks for the Canadian market.Tobacco giant Altria (MO), the owner of Marlboro, may be mulling a stake in Aphria, which is also set to debut on the NYSE later this week. UK alcoholic beverage giant Diageo (DEO) also could be interested in cannabis.And although Budweiser maker Anheuser-Busch InBev (BUD) has so far not shown a willingness to get into the cannabis business, Adolphus A. Busch V, great-great-grandson of Anheuser-Busch's founder, recently launched a cannabis brand. 2529
Costco says they are no longer selling their half-sheet cakes at U.S. clubs.In a statement to E.W. Scripps, the company said they have no immediate plans to bring them back."We are focusing on our smaller 10" white and 10" chocolate cakes that seem to be resonating with our members," the company said in the statement.According to Bloomberg, free samples returned to 30 stores across 16 states. The samples are packaged and kept behind a plexiglass shield, Bloomberg reported. 485
CNN and the New York Times both reported on Friday that Vice President Mike Pence’s several members of the Secret Service’s team tested positive for the virus during his recent trip to Arizona.CNN reported that eight members of Pence’s team had positive COVID-19 tests. Meanwhile, the New York Times reported that two members of Pence’s Secret Service travel team tested positive.The Secret Service has not confirmed the reports.Pence had planned an event in Yuma, Arizona, on Tuesday. Instead, Pence made a brief visit to Phoenix on Wednesday to meet with public health officials.CNN reported that the eight members of Pence’s team remained holed up in Arizona as of Friday evening, citing two sources.The reports come as both Pence and President Donald Trump have ramped up their public schedules, holding rallies and public events. The events come after both Pence and Trump largely remained in the Washington, D.C.., area during the spring as the coronavirus began to spread in earnest nationally.As Friday’s reports surfaced, Trump, along with the usual large contingent of Secret Service employees, traveled to Mount Rushmore for a firework display. 1164
CORONA, Calif. (AP) — A fatal shooting inside a Costco Wholesale warehouse store Friday night took place after a man attacked an off-duty police officer, the Corona Police Department said.Kenneth French, 32, of Riverside assaulted the Los Angeles Police Department officer while he was holding his young child, the department said in a statement Saturday night. The officer fired his gun, hitting French and two of French's relatives, the department said.French was killed, the department said. The relatives are in critical conditions at hospitals.The officer, whose identity is being withheld, was treated and released at a nearby hospital, and the officer's child was not injured, the department said.The officer was the only person who fired shots in the store, the department said.The shooting prompted a stampede of frightened shoppers to flee the store east of Los Angeles and seek cover inside.Witnesses said they saw a man with a Mohawk haircut arguing with someone near a freezer section when shots rang out at least six times. The man involved in the argument was killed, Corona police Lt. Jeff Edwards said.Witnesses said there was an altercation. Shoppers and employees described terror and chaos when shots rang out shortly before 8 p.m. Friday and police swarmed the store.Shrieks from inside the store were heard on video recorded by shopper Nikki Tate, who had stopped by with her daughter to pick up steaks and lobsters for Father's Day.Tate said Saturday she was by the meat section when she heard "about six or seven shots." She dropped to the ground and crawled toward her daughter who was at the other end. They huddled until they were able to escape through a side door."I saw people and heard shots and my first though was 'Jesus, is this another mass shooting?'" she said. "I didn't know if this was a random thing or a domestic thing or if this was a mass shooting. Everything was happening so fast, I just wanted to get me and my kid to safety."In the video, her daughter says, "Mommy, we need to go."The Los Angeles Police Department said in a statement Saturday afternoon that it has launched its own investigation of the incident.Christina Colis told the Riverside Press-Enterprise that she was in the produce area when she heard six to seven shots and hid with other shoppers in a refrigerated produce room. She said her mother saw people injured on the floor."I thought maybe someone dropped a bottle of wine, but then I kept hearing shots," shopper Will Lungo told the Press-Enterprise newspaper. "An employee came in and helped us out through the emergency exit."Witnesses told KCAL-TV that shoppers and employees rushed to the exits. The station reported that more than 100 people were outside the store at one point. Left behind inside the store were purses, cellphones and backpacks from panicked shoppers, Corona police said. 2871
CLEVELAND, Ohio — A 10-year-old boy has been arrested and charged in the fatal shooting of his stepmother in late September, Cleveland police announced on Friday.According to authorities, Shavonne Willis, 36, was shot multiple times in the 3200 block of East 121st Street. When police arrived, the woman's 10-year-old stepson was found at the scene with no injuries. He was originally considered a victim in the case, according to police. 461