DeSantis Urges State Investment Manager to Take Action Against Bud Light's Parent Company

Florida Governor Ron DeSantis is urging the state's pension fund manager to consider legal action against AB InBev, the parent company of Bud Light, over its recent marketing efforts that conservatives have criticized. DeSantis claims that the company breached its legal duties to shareholders by associating with "radical social ideologies." Sales of Bud Light have dropped since the company partnered with a transgender influencer, leading to a conservative boycott. DeSantis threatens a "derivative lawsuit" against AB InBev and argues that Florida's pension funds should not support an "ideological agenda." This move is part of DeSantis' broader campaign against "woke capitalism" and follows his clashes with Disney over a state law on teaching about sexual orientation and gender identity.