"Bud Light's Challenging Year Leads to Record Low in U.S. Beer Consumption"

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Source: Fox News
"Bud Light's Challenging Year Leads to Record Low in U.S. Beer Consumption"
Photo: Fox News
TL;DR Summary

Beer consumption in America hit its lowest point this century, with a significant decline in sales for major brands like Bud Light, which faced a boycott over its partnership with transgender influencer Dylan Mulvaney. The boycott, which was a reaction to perceived identity politics, exacerbated an existing trend of reduced demand for domestic premium beers. Anheuser-Busch, Bud Light's parent company, experienced a substantial drop in market value and sales as it grappled with the backlash and attempted to rebrand.

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