E.J. Gallo acquires Germain-Robin, and Diageo has completed acquisition of Casamigos. Toscana’s Ornellaia starts its harvest and expects a good year, and various researchers are saying the recent study that suggests alcoholism has risen in the U.S. is flawed because of methodological changes through the years. This is the news we’re thinking about here at SevenFifty Daily.

August 17, 2017
2. The Drinks Business

Diageo completes Casamigos acquisition

Diageo has paid $700 million for the acquisition of Tequila brand Casamigos. Diageo may pay an additional $300 million in an agreement contingent upon Casamigos’ good performance over the next 10 years.

3. The Drinks Business

Toscana's Ornellaia starts harvest

Toscana’s Ornellaia said it had begun harvesting its Sauvignon Blanc and Viognier and said it had all the hallmarks of a “great” year, despite the recent heat-wave in Italy. It is believed that smaller crops can be qualitatively very good and warm weather often leads to disease-free conditions.

4. Vox

Researchers say an increase in alcoholism study used flawed data

A recent study by JAMA Psychiatry suggested that the rate of alcoholism in the US increased by more than 49%. However, researchers argue that the data was skewed due to changing factors between research waves, including asking different questions, offering monetary compensation, and administering drug tests.