Even the simple act of choosing a beverage can become a statement of personal values and beliefs. Last year’s Bud Light boycott, driven by conservative consumers outraged over the brand’s partnership with transgender influencer Dylan Mulvaney, is a prime example. The boycott saw a significant backlash against Anheuser-Busch, the parent company of Bud Light, with many Americans refusing to purchase the beer and some businesses removing it from their shelves.
Amidst the controversy, newly released financial records have revealed that Supreme Court Justice Samuel Alito made a significant financial move during the height of the boycott. Justice Alito sold his shares in Anheuser-Busch and purchased shares in Molson Coors, a rival beer company.
According to financial reports, Justice Alito sold AB InBev stock valued between $1,000 and $15,000 and purchased a similar amount of Molson Coors stock on the same day.
CNBC reported:
At the time of Alito’s stock sale, Anheuser-Busch was still grappling with a monthslong campaign to boycott Bud Light after the company partnered with transgender influencer Dylan Mulvaney in an April 2023 social media campaign.
The partnership threw the world’s largest beermaker into the center of a broader fight over transgender rights and acceptance in the U.S.