To Brew
To Give Rise To, To Cause, To Distill
transitive verb, godan verb
This word consists of kanji with hiragana attached. Because the hiragana ends with an う sound, you know this word is a verb. The kanji itself means brew, so the verb version is to brew.
These days 醸す is often used figuratively, in which case it'll mean to give rise to. You'll see it in relation to an event giving rise to controversy or debate, for example, or even in a phrase like ムードを醸す (to give rise to a certain mood).
Since this word consists of a kanji with hiragana attached, you can bet that it will use the kun'yomi reading. You haven't learned this reading yet, so here's a mnemonic to help you:
What do you want to brew? Some camomile (かも)-flavored beer. Who doesn't like a brewski that tastes of camomile? You think I'm joking, but these days all kinds of hipsters are out there brewing camomile beer.
アイドルの大胆な発言が物議を醸している。
The idol's bold statement is giving rise to public criticism.