Coors is honored to receive this recognition from HRC Foundation. We will continue to strengthen our company by supporting our diverse and talented employees, as well as the communities with whom we do business.

We have agreed to empower the Beer Institute to develop a communications strategy to promote beer as the leading alcohol beverage in the U.S., but exactly what that looks like has not been decided. It's up to our individual brands to give people a reason to come back to beer.

Andy brings to this position 20 years of extraordinary experience in marketing, sales and strategy and a strong track record of driving profitable growth for some of the nation's most-recognized brands. His ability to launch and invigorate consumer brands makes him a valuable addition to the Coors leadership team.

We're also stoking the fire under Blue Moon, which is in the important craft- beer segment.

Notional is a production company with the DNA of an Internet company that makes content for everything.

Merrill, relative to its historical valuations at this stage of the cycle, is quite cheap. And (the company) will of course enjoy some recovery probably over the next few weeks as it has in the last week, as worries about the interest rate environment subside.