Companies in a wide range of industries saw their stocks come under pressure on Wall Street because of tariff threats from President Donald Trump.

Spirits giant Brown-Forman Corp. says it’s reducing its global workforce by about 12% and closing its barrel-making plant in Louisville.

Coca-Cola Co. says it’s partnering with Brown-Forman Corp., the maker of Jack Daniel’s Tennessee Whiskey, to sell premixed cocktails.

Jack Daniels will be hosting a virtual concert this weekend and will include Houstons own The Suffers starting Friday night. The R&B group will perform virtually during Crash the Couch, a two-day virtual music fest featuring bands and artists such as Cold War Kids, Houndmouth and Yola. The Suffers will perform Friday night, which is the first night of the virtual music festival after Tank and the Bangas. To check out the full lineup for this weekends virtual music fest, click here. IF YOU GO (virtually)Jack Daniels Crash the Couch Virtual Music FestAug. 14-158 -11 p.mYoutube.com/JackDaniels