Keep This Stock on Your Watchlist

They're a private company, but the same firms that backed Uber, eBay, and Venmo already invested in Pacaso. They've even reserved their Nasdaq stock ticker.

Top Japanese beverage giant Suntory's chief resigns as he faces a drug probe

YURI KAGEYAMA
September 02, 2025

TOKYO (AP) -- Takeshi Niinami, chief executive of Japan's major beverage maker Suntory, resigned Tuesday to take responsibility for being under investigation for alleged possession of an illegal drug.

Suntory Holdings President Nobuhiro Torii, who is from the company's founding family, told reporters the company had accepted Niinami's resignation.

Torii was vague about details such as the type of allegedly illegal drug, saying the case was still under investigation.

Niinami, 66, is an prominent business leader who is credited with guiding strong growth at Suntory, which makes whisky, beer and non-alcoholic beverages. He became the company's chief executive in 2014, and has won respect across the industry for his prominent role in lobbies that represent industry to the government.

"He was a dynamic and decisive leader whom I respect greatly. During a decade of his leadership, both profits and sales grew dynamically," Torii told reporters.

It was unclear who would take Niinami's place. Torii said he was already in a leadership role alongside Niinami and would take full responsibility for the business, including its overseas operations.

Torii said Niinami had contributed greatly to the company over the years, but that the resignation was inevitable because of "governance issues."

It is common in Japan for people who cause embarrassment for a group to give up their posts. Japan's culture stresses accountability and avoidance of shame.

"Regardless of whether he is found innocent or guilty, we feel he is not fit for the job," Vice President Kenji Yamada told reporters.

Torii and Yamada said the alleged drug in question might have been a "supplement" that Niinami acquired personally. Suntory, founded in 1899, is well known for whisky and soft drinks, but also makes supplements.

They quoted Niinami as saying he didn't know the supplement was illegal. The police probe started last month, they said, while declining to give other details.

The company's announcement came after markets closed. Suntory's shares traded in Tokyo gained 2.9% on Tuesday.

___

Yuri Kageyama is on Threads: https://www.threads.com/@yurikageyama

Continue Reading...

Popular

NextEra Energy Eyes A Nuclear Revival

NextEra Energy plans to bring the Duane Arnold nuclear plant back online as major tech companies seek more nuclear energy.

TikTok + Touchdowns = Momentum - Ad

NIL deals and social media clout are now driving merch sales into the billions. One Nasdaq disruptor is first to align with a football dynasty and a commerce giant.

Macron Warns World Will Know By Monday If Putin 'Played' Trump Again

French President Emmanuel Macron has voiced apprehensions about Vladimir Putin potentially manipulating President Trump.

Missed Chatbots? Don't Miss AI Agents - Ad

Investors who rode C3.ai and SoundHound saw billions created overnight. The next wave? AI Agents. Acting, transacting, rewarding users, not just talking. $3B processed, 88% margins, launch in Q3 2025.

Trump administration is investing in US rare earths in a push to break China's grip

OMAHA, Neb. (AP) — U.S. production of crucial components in electric vehicles, smartphones and fighter jets is set to expand rapidly in the coming years, as the Trump administration intensifies efforts to build up in the United States to work to break on the global supply chain.

Kevin O'Leary Recalls How Cutting Off His Son's Trust Fund Drove Him To Harvard: 'The Dead Bird Under The Nest Never Learns To Fly'

Kevin O'Leary revealed that cutting off his son's trust fund after high school and insisting on self-reliance motivated him to earn a spot at Harvard, emphasizing that entitlement ruins ambition.

Warren Buffett's No.1 AI Stock Not Even on Nasdaq - Ad

It's not in the Mag 7. And most people have never heard its name. Yet billionaire Warren Buffett is buying millions of shares.

Rural Colorado mourns 6 who died from suspected gas exposure at dairy farm

Six workers who died in what authorities suspect was include a 50-year-old father and two sons, an incident that left rural Colorado communities in mourning.

Social Security whistleblower who claims DOGE mishandled Americans' sensitive data resigns from post

WASHINGTON (AP) — A Social Security official who has filed a whistleblower complaint alleging the Department of Government Efficiency officials Americans' sensitive information says he's resigning his post because of actions taken against him since making his complaint.

When Alabama Wins, This Nasdaq Brand Wins Too - Ad

With equity in the brand and athletes pushing viral drops, the University of Alabama is betting on more than just football wins. This company built the tech-and got the team on board.

What to know about Cracker Barrel's logo misfire and what could happen next

Like its namesake barrels that transported soda crackers until boxes replaced them, needed to change.

Mark Cuban Once Dubbed Dogecoin 'Real Money,' While Kevin O'Leary Brushed It Off As 'Gambling' — Whose Advice Would Have Netted You More Profit

Mark Cuban and Kevin O’Leary, both prominent panelists on the reality TV show "Shark Tank," have been close friends for a long time, yet their opinions on the meme cryptocurrency Dogecoin (CRYPTO: DOGE) have yet to align.

Built for Gen Z. Backed by a Football Dynasty. - Ad

This brand's not Nike-and that's the point. It's fast, tech-driven, and built for viral drops. Now, it has equity backing from one of college sports' most iconic names.

Does Paris have too many tourists? A European crisis comes to Montmartre

PARIS (AP) — When Olivier Baroin moved into an apartment in Montmartre about 15 years ago, it felt like he was living in a village in the heart of Paris. Not anymore.

Warren Buffett's Strangest AI Investment - Ad

He's been buying one little-known AI stock poised to boom before Sept 30.

Trump fires Democratic member of Surface Transportation Board ahead of huge rail merger decision

President Donald Trump has fired one of two Democratic members of the U.S. Surface Transportation Board to break a 2-2 tie before the body considers the ever proposed.

RFK Jr's FINAL Warning For American Seniors - Ad

For years liberals have called RFK Jr a QUACK... an alarmist... and a conspiracy theorist. But now it appears he was right about a COVID lab leak... He was right about microplastics... And he was right about FDA corruption. Now, he's issued a terrifying new warning that Americans need to hear in 2025. Millions are in the crosshairs... And if you were born before Jan 1st, 1965, this affects you most of all.

LSD shows promise for reducing anxiety in drugmaker's midstage study

WASHINGTON (AP) — reduced symptoms of anxiety in a midstage study published Thursday, paving the way for additional testing and possible medical approval of a that has been banned in the U.S. for more than a half century.

China protests Taiwan foreign minister's visit to the Philippines

MANILA, Philippines (AP) — Taiwan’s foreign minister has flown to the Philippines as head of a high-level delegation of investors, two senior Philippine officials said Saturday, prompting a protest from China and a warning to Manila “not to play with fire.”

How to Hack a $1.3 Trillion Industry - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Led by former Zillow execs, their tech hacks a $1.3T market by letting buyers co-own homes worldwide. They've already earned $110M in gross profits and reserved the Nasdaq ticker PCSO.

Bitcoin Recovers Amid Trump's Potential Fed Majority; Ethereum, Dogecoin, XRP Also Gain; Analyst Expects ETH To Consolidate In This Range

Leading cryptocurrencies rebounded Tuesday amid increased expectations of a rate cut following Federal Reserve Governor Lisa Cook’s removal and President Donald Trump getting a potential majority on the central bank’s board.

America Tapping into New "AI Energy" Starting Sept 30 at Midnight - Ad

It has enough power to fuel our economy for decades... with zero need for foreign oil. A small group of US stocks own the rights to it.

Trump administration asks Supreme Court to let him fire member of Federal Trade Commission

WASHINGTON (AP) — The Trump administration on Thursday asked the to let the president fire a member of the Federal Trade Commission, the latest in a string of emergency appeals over the president's removal power.

Keep This Stock on Your Watchlist - Ad

They're a private company, but the same firms that backed Uber, eBay, and Venmo already invested in Pacaso. They've even reserved their Nasdaq stock ticker.

Edmunds SUV comparison: New Honda Passport vs Toyota 4Runner

Toyota has released a redesigned 4Runner for 2025. This is a big deal for fans of this SUV, as the previous generation was on sale for a lengthy 14 years. The new has distinctive new styling, the latest technology features, and an available hybrid powertrain that promises increased performance without sacrificing mpg. And just like previous models, it has a rugged design that’s well suited for off-road adventures.

TikTok + Touchdowns = Momentum - Ad

NIL deals and social media clout are now driving merch sales into the billions. One Nasdaq disruptor is first to align with a football dynasty and a commerce giant.

Trump Ends De-Minimis Exemptions To All Countries: How This Will Impact Your Online Shopping

President Donald Trump's executive order, which ends de minimis exemptions, is set to take effect on Friday. This will effectively close the duty-free shipping loophole that allowed small commercial packages worth $800 or less to enter the United States without being subject to taxes or tariffs.

Missed Chatbots? Don't Miss AI Agents - Ad

Investors who rode C3.ai and SoundHound saw billions created overnight. The next wave? AI Agents. Acting, transacting, rewarding users, not just talking. $3B processed, 88% margins, launch in Q3 2025.

Microsoft (MSFT) Scored With Minecraft Movie: Is Call Of Duty The Next Box Office Hit?

Microsoft is the owner of multiple hit video game franchises, which may turn into box office hits and monetization chances for the tech giant.

Trump Warns Foreign Chipmakers: Build In US Or 'We Will Be Putting A Very Substantial Tariff'

President Donald Trump on Thursday said his administration would soon impose tariffs on semiconductor imports from companies that have not committed to shifting production to the United States.

Warren Buffett's No.1 AI Stock Not Even on Nasdaq - Ad

It's not in the Mag 7. And most people have never heard its name. Yet billionaire Warren Buffett is buying millions of shares.

Roblox Prepares Massive Age Verification Rollout That Parents Need To Know About

Roblox to expand age estimation technology to all users by year-end, using facial recognition, ID verification & parental consent for safety.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright traderelite.club
Privacy Policy | Terms of Service