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White Claw is a victim of its own success: The hard seltzer brand confirmed a nationwide shortage in the United States, sparked by the drink's rising popularity."We are working around the clock to increase supply given the rapid growth in consumer demand," Sanjiv Gajiwala, White Claw's senior vice president of marketing, told CNN Business. "White Claw has accelerated faster than anyone could have predicted."The company didn't specify when stock will return to normal, but Gajiwala said it has been "allocating product to our distributor partners to keep all markets in stock the best we can and will continue to do so until we get back to our normal safety stock position."White Claw has blown up recently, sparking memes and trend pieces. Sales of the drink grew 283% to 7.7 million in July compared to the same period last year. Its sales also accounted for nearly 55% of all hard seltzer sales for the week of July 4, a 200% increase since 2018's Fourth of July sales, according to data from Nielsen.The beverage, which is the industry leader, was launched by Mike's Hard Lemonade maker Mark Anthony Brands in 2016. That same year, Anheuser-Busch bought SpikedSeltzer, which led to Bon & Viv. Boston Beer began manufacturing Truly, another popular hard seltzer.It took White Claw a while to catch on with drinkers. Now, people are seeking out drinks with fewer calories and less sugar, and seltzer fits the bill. White Claw and competitor Truly both have around 100 calories per can, and Bon & Viv has about 90 calories per can.The fad isn't fading, either. Last month, Anheuser-Busch launched a new line of spiked seltzer under the Natural Light brand, an affordable product marketed to college-aged drinkers."These new products can help those companies, such as Anheuser-Busch, 'buffer those losses,'" Beth Bloom, associate director of US Food and Drink for Mintel previously told CNN Business, because beer sales are declining.Alcohol drinkers have been generally favoring premium beer and liquor. Hard seltzer, a lower-calorie alternative to beer, could steal share away from light beers, according to a recent note from Macquarie Research. 2174

Two more women are accusing R&B singer R. Kelly of sexual misconduct when they were minors. The women are represented by high-profile attorney Gloria Allred, and came forward in a news conference in New York on Thursday. Whey say the incidents happened at an after-party following one of his concerts in Baltimore in the mid 90s. One of them, who was 16 years old at the time, says she was pressured into sex with Kelly while she was under the influence of drugs and alcohol."When I first met R. Kelly that night, I was very happy and excited because I was young and star struck," accuser Latresa Scaff said. "However now that I am an adult, I feel hurt by what he did to me when I was only 16 years old and under the influence of alcohol and marijuana which had been provided to me at this after-party."Allred says they will be sharing their stories with federal prosecutors in New York. The singer has faced several allegations of sexual misconduct with minors over the years, and has denied them all. 1020

WASHINGTON — The Federal Reserve took emergency action Sunday and slashed its benchmark interest rate by a full percentage point to nearly zero and announced it would purchase more Treasury securities to encourage lending to try to offset the impact of the coronavirus outbreak. The central bank said the effects of the outbreak will weigh on economic activity in the near term and pose risks to the economic outlook. The central bank said it will keep rates at nearly zero until it feels confident the economy has weathered recent events. The Fed also said it has dropped its requirements that banks hold cash reserves in another move to encourage lending.The Fed's announcement comes after President Donald Trump badgered the the apolitical agency throughout weekend, pushing them to lower rates. Trump lauded the decision at a press conference at the White House on Sunday evening."I'm very happy," Trump said. "...you won't hear anything bad from me (about the fed) unless it's a few months from now." 1018

WARSAW, Ky. -- Marine Corps veteran John Preston is preparing to embark on a 625-mile hike down the coast of California to 135

We've been working to refine, reduce, & replace animal tests for years. Today we’re pleased to announce our efforts resulted in a waiver & we can stop the study. We’ll make every effort to rehome the animals. Please read our full statement. 261