Coke developing alcoholic drink

The markets extended its losses during the midday with the Dow plummeting 184 points to 24,699. Nasdaq rose 6 points to 7378.


Coca-Cola is developing its very first alcoholic drink that will be introduced in Japan. The soda maker is working on a version of the popular Chu-Hi flavored drinks in Japan that are made with distilled shochu alcohol, carbonated water and flavoring. There are currently no plans to bring the drink to the U.S. market.


Amazon announced that qualifying Medicaid recipients will be able to join Prime for $5.99 per month, an approximate 50% discount off the regular $12.99 per month fee. Prime members receive free two-day shipping on eligible items, free same-day delivery in eligible zip codes, unlimited video streaming of movies and television shows, and unlimited access to Prime Playlists. Amazon began offering a discounted Prime membership last year to people receiving government assistance such as the Supplemental Nutrition Assistance Program.


Virgin Atlantic will begin offering three tiers of economy fares in the spring. Economy delight, economy classic and economy light will provide customers different perks such as priority boarding and extra legroom or no extra services except for food and drink. Economy delight will allow customers to select their seats in advance will be the most expensive of the three fares.


In the broad market, declining issues were on par with advancers on the NYSE while advancers edged out decliners by more than 5 to 3 on Nasdaq. The broader S&P 500 fell 9 points to 2,718. Bitcoin collapsed $855 to $9,769.


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