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diageo becomes second major sponsor to pull out of wireless festival after kanye west sets announced. diage Becomes second major Sponsor to pullout of wireless Festival after kaye West sets announced..production of distilled spirits fell 28% during the first eight months of 2025 compared to the same period in 2024. the company is a big importer into the U.S., and thus subject to Trumps tariff regime.diageo unveiled plans for a new warehouse in Hope Hull, south of Montgomery. the company says it will create more than 100 new jobs.