DeSantis Launches Inquiry Into Bud Light Parent Company Over Transgender Partnership Backlash

Florida Governor Ron DeSantis has called for a review of the state's holdings in Anheuser-Busch InBev, the parent company of Bud Light, citing declining sales after a marketing campaign with transgender influencer Dylan Mulvaney.
DeSantis believes the company may have breached its fiduciary duty to shareholders by prioritizing "radical social ideologies" over financial returns.
Bud Light faced conservative backlash and boycotts after partnering with Mulvaney, contributing to a sharp drop in sales and market share.
DeSantis has threatened potential legal action, including a shareholder lawsuit, to protect Florida's pension fund investments in AB InBev.
Critics argue DeSantis is misusing his power to wage culture wars and question the merit of any potential lawsuit against the company.