The Presidential Daily Brief

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  1. Coke Wets its Whistle With Monster Sip 

    The world’s largest drink maker is craving a bit of energy. It has snapped up a 16.7 percent, $2.15 billion stake in rival Monster Beverage, giving some credence to long-running takeover speculation. For now, it means Monster will swallow Coke’s worldwide energy trade while Monster passes its non-energy business to Coca-Cola. Investors like the taste: Coke’s shares rose in after-hours trading, and the deal is sure to quench its thirst for success in the fast-growing energy-drink market.

    FT (sub), BBC

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