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There is no imperative—social, cultural, economic, or regulatory—that requires alcohol laws to be discriminatory; to be protectionist. And yet, a huge swath of the state laws that govern alcohol sales and distribution are just this. The most familiar discriminatory laws fall into the category of direct-to-consumer shipping. However, an equally discriminatory set of alcohol laws impacts how retailers procure inventory.

The Sonoma-Cutrer brand owner’s CEO described the deal as “excellent news for the future of our company”. US private-equity firm Butterfly Equity has struck a deal to buy wine group The Duckhorn Portfolio. Butterfly Equity, which has investments in the food and beverage sectors, said its all-cash bid values the California-based business at $1.95bn.

California has passed dozens of bills in recent years aiming to incentivize new housing, but not all of them have been effective in getting more homes built, as opponents have found workarounds to resist new construction.

SONOMA, California (October 2, 2024) – Ray Kaufman, the local winemaker who worked alongside proprietor Patrick Campbell for 23 vintages at the prestigious Laurel Glen Vineyard in Sonoma celebrates a birthday this month. The Don Eugenio Vineyard in famous La Consulta, Argentina, owned by Kaufman, shares that birthday.

The National Association of Realtors settlement made such agreements mandatory for virtually all buyers. The new law will take effect on Jan. 1, making California one of at least 28 states with laws requiring home shoppers to have a buyer-representation agreement with their agents.

The US economy grew at a 3% annualized pace in the second quarter, a faster rate than Wall Street had expected. The Bureau of Economic Analysis’s third estimate of second quarter US gross domestic product (GDP) was unchanged from the second estimate which had shown 3% annualized growth. Economists had estimated the reading to show annualized growth of 2.9%.