"Bill Gates' $100 Million Bet on Bud Light: A Surprising Investment Move"

Bill Gates' investment firm, the Bill and Melinda Gates Foundation Trust, purchased 1.7 million shares of Anheuser-Busch, the parent company of Bud Light, valued at around $95 million. This investment comes at a time when Bud Light is facing a sales slump due to controversies surrounding its partnership with a transgender influencer. Despite Gates' confidence in the beer company, the stock has declined nearly 2% since his purchase, and A-B's US revenue fell 10% in the second quarter. Modelo has also surpassed Bud Light in sales at grocery and beer stores.