(More than a) Fairlife, Some would say they're Milking it

Coke paid about $1 billion in 2020 to buy the majority 57% stake in the Fairlife Milk JV formed in 2012, and agreed to performance-based payments through this year, initially estimated at $320 million. 

The final tally is expected to be $6 billion, a projection that surged 275% in the past two years, and will boost the Fairlife price tag to about $7.4 billion over five years —making it the largest brand acquisition in the company's 133-year-old history.

See the story on Bloomberg here: https://www.bloomberg.com/news/features/2025-02-10/coke-owned-fairlife-milk-is-soda-giant-s-fastest-growing-brand?

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@MasterFeed

Era of Free Money Comes to an End for Japan

Rising interest rates, sustained inflation and potential wave of wage increases this spring are fueling relentless sell-off in Japan's government debt, bringing 10-year Japanese government bond yields to 1.31% Friday, after this year's rise of 0.21 percentage points, and a big jump in 2024.

Core inflation in December rose 3%—fastest annual pace in 16 months.

"[For Japan] inflation is for real this time," said James Novotny, an investment manager at Jupiter Asset Management.

Speculation is intensifying that the BOJ could raise rates in July and that the terminal rate might be higher than 1 per cent currently expected. —You can be sure it will be!

See the article in the FT here:

Japan's borrowing costs soar to 14-year high

https://on.ft.com/3CEkHOv

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“I Was Hounded, Day In, Day Out.”

Alice Nderitu, @UN’s former special adviser on the prevention of genocide, on her contentious tenure.

“It’s instructive that this never happened for any other war. Not for Ukraine, not for Sudan, not for D.R.C. [Democratic Republic of Congo], not for Myanmar,” she says. “The focus was always Israel.”

“I Was Hounded, Day In, Day Out. Bullied, hounded, with protection from nobody.”

Read the full interview on AirMail here:

https://airmail.news/issues/2025-2-1/i-was-hounded-day-in-day-out