DeSantis Targets Bud Light Over Transgender Influencer Deal
Florida Governor Ron DeSantis has ordered an investigation into whether Bud Light's parent company, AB InBev, breached its duties to shareholders by partnering with transgender influencer Dylan Mulvaney. DeSantis instructed the State Board of Administration to review the impact of AB InBev's conduct on the value of the state's holdings and suggested that a shareholder action may be necessary. Bud Light has faced conservative backlash and a boycott, resulting in plummeting sales and a loss of market share. DeSantis accused the company of neglecting stakeholders and pensioners by associating with "radical social ideologies." This move is part of DeSantis' pattern of involving himself in hot-button social issues and flexing his political powers.