Bill Gates still has faith in Bud Light’s parent company—even though the low-cost beer has lost pole position in the industry.
Bud Light’s advertising campaign in April, with the transgender influencer Dylan Mulvaney—which included sending her a personalized can to mark 365 days since her transition—became a lightning rod in the US culture wars. In the following months, a right-wing backlash sent sales of Bud Light down, sinking the stock of its parent company Anheuser Busch .
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