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Conservative Court, Moderate Decision
  + stars: | 2023-06-28 | by ( German Lopez | ) www.nytimes.com   time to read: +1 min
Yesterday, the Supreme Court took a step in a high-profile case to preserve democratic checks and balances. The court ruled that state legislatures do not have unchecked power over elections and that other government officials can question and overturn their decisions. The Constitution, Roberts wrote, “does not exempt state legislatures from the ordinary constraints imposed by state law.”Why does the ruling matter? Because it makes it more difficult for partisan state legislatures to flout the law or norms to keep their party in power, at a time when most legislatures have one-party supermajorities. Under the Supreme Court ruling, other officials can step in if they feel state lawmakers went too far in rewriting election law.
Persons: Moore, Harper, John Roberts, Roberts, Locations: North Carolina
This election law case considered, in part, a controversial constitutional theory known as the “independent state legislature” doctrine. At issue was whether or not state legislatures had absolute power with no electoral oversight authority by state courts to regulate federal elections. With unchecked power, state legislators in key swing states could have rejected the voters’ slate of electors and appointed their handpicked substitutes. The Supreme Court has an obligation to protect our democracy. By rejecting the dangerous independent state legislature theory, the court safeguarded state-level judiciaries, shielding the will of the voters in the process.
Persons: Moore, Harper, Jim Paladino Tampa, Donald Trump Organizations: Control, Democratic, Republican, Republican Party Locations: Fla, Moore
The New York Times reported that American officials also said there were signs that other Russian generals also may have supported Prigozhin. The Kremlin and the Russian defence ministry also did not immediately reply to Reuters' queries. Surovikin, nicknamed "General Armageddon" by the Russian media, had been put in overall charge of Ukraine operations in October. But in January Russian Defence Minister Sergei Shoigu appointed Chief of the General Staff Valery Gerasimov to oversee the campaign, with Surovikin staying on as his deputy. Having set off from the southern Russian city of Rostov-on-Don over the weekend, Prigozhin aborted the march within 200 kilometres (125 miles) of Moscow.
Persons: Sergey Surovikin, Yevgeny Prigozhin, Prigozhin, Wagner, Vladimir Putin, Sergei Shoigu, Staff Valery Gerasimov, Surovikin, Don, Lidia Kelly, Eric Beech, Simon Cameron, Moore Organizations: New York Times, Reuters, Pentagon, Russian, Staff, Thomson Locations: Ukraine, Russian, Belarus, Rostov, Moscow
The Supreme Court will soon hear a case that could affect broad swaths of the U.S. tax code, corporate revenue and federal wealth tax proposals. The case, Moore v. United States, is slated for the next court term and challenges a levy enacted through President Donald Trump's 2017 signature tax overhaul. But experts say the Supreme Court decision may have broader implications. It's a lingering question amid past billionaire tax proposals. While experts say Trump's 2017 tax works differently than a wealth tax, there are still concerns about the Moore case.
Persons: Moore, Donald Trump's, Biden, Amanda Parsons Organizations: Finance, University of Colorado Law School Locations: United States, India
A Wealth-Tax Watershed for the Supreme Court
  + stars: | 2023-06-27 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Wonder Land: Republican presidential hopefuls Ron DeSantis, Mike Pence, Nikki Haley, Tim Scott, Chris Christie, Vivek Ramaswamy and maybe even Donald Trump are united on spending. All offer a much safer future than the alternative. Images: Reuters/Zuma Press Composite: Mark KellyThe Supreme Court is set to finish another consequential term this week, and on Monday the Justices teed up for next term what could be a landmark tax case. In agreeing to hear Moore v. U.S., the Court will consider the legality of a form of wealth tax that is the long-time dream of the political left.
Persons: Ron DeSantis, Mike Pence, Nikki Haley, Tim Scott, Chris Christie, Vivek Ramaswamy, Donald Trump, Mark Kelly, Moore Organizations: Republican, Zuma Locations: .
MUMBAI, June 27 (Reuters) - India's monsoon season rains were set to cover the whole country by the weekend, according to meteorological department officials, allowing farmers in northern states to begin planting of summer-sown crops a week earlier than normal. The monsoon, the lifeblood of India's $3 trillion economy, delivers nearly 70% of the rain needed to water its farms and recharge reservoirs and aquifers. This year, the formation of severe cyclone Biparjoy in the Arabian Sea delayed the onset of monsoon rains and stalled their progress, with just a third of the country covered until last week. "By this weekend, the monsoon will cover the remaining parts as well," he said. Many north-eastern, central and northern states are likely to receive heavy rainfall this week, which would bring the deficit below 20%, a second IMD official said.
Persons: El, Rajendra Jadhav, Simon Cameron, Moore Organizations: India Meteorological Department, IMD, Reuters, El Nino, Thomson Locations: MUMBAI, Kerala, India's, Rajasthan, Punjab, Haryana, El Nino, Southeast Asia, India, Australia, Nino
State legislatures will continue to be checked by state courts. Then-President Donald Trump and his allies helped elevate the once-fringe election theory in the wake of the 2020 presidential election. In effect, it meant that state legislatures could nullify their own state's presidential election results, disenfranchising potentially millions of Americans in the process. Roberts said that the high court's decision does not mean that state supreme courts have "free rein" in ruling on election laws. "We hold only that state courts may not transgress the ordinary bounds of judicial review such that they arrogate to themselves the power vested in state legislatures to regulate federal elections," he concluded.
Persons: John Roberts, Roberts, , Brett Kavanaugh, Amy Coney Barrett, Donald Trump, Michael Luttig, Luttig, Sonia Sotomayor, Elena Kagan, Ketanji Brown Jackson, Clarence Thomas, Neil Gorsuch, Samuel Alito, Thomas, Moore, Harper, Harper I Organizations: Service, Trump, Biden, North Carolina, North, North Carolina Constitution Locations: North Carolina
“As Secretary Mayorkas has said, the attack on the U.S. Capitol on January 6, 2021, was a violent assault on our democracy,” the spokesperson said. In a statement to CNN, the FBI said it worked with law enforcement agencies to share information before and during the Capitol attack. And yet it seemed as if our intelligence agencies completely dropped the ball,” Sen. Gary Peters, a Michigan Democrat who chairs the committee, told reporters on Monday while previewing the report’s findings. Over 1,000 people have been charged in connection with the January 6 Capitol attack, nearly a third of whom have been charged with assaulting police that day, according to the Justice Department. These findings undercut a key criticism from Republicans who, in seeking to whitewash the Capitol attack, have often claimed law enforcement targeted conservatives in their open-source searches surrounding the insurrection.
Persons: , Donald Trump “, Trump, Trump’s, , , Mayorkas, ” Sen, Gary Peters, Biden, Jan, Peters, ” Peters, “ We’re, Jack Smith, Jennifer Moore, “ yep Organizations: CNN, Capitol, FBI, Department of Homeland Security, Senate Homeland Security, DHS, of Intelligence, Trump, , DC, U.S, Michigan Democrat, Justice Department, Senate, Republican, Washington Field Office
Prescribed burns aren’t always welcomed by communities, however. They generate smoke and sometimes spread out of control. In New Mexico last year, a prescribed fire by the Forest Service blew into a 340,000-acre inferno that destroyed hundreds of homes and became the largest in state history. It prompted Forest Service Chief Randy Moore to suspend all the agency’s planned burns for 90 days. Eddie Moore/Albuquerque Journal/Zuma
Persons: aren’t, Randy Moore, Eddie Moore, Zuma Organizations: Forest Service Locations: New Mexico, Albuquerque
The channels featured English-speaking young women, including a girl as young as 11, who claimed to offer an unfiltered look at every day life in North Korea as informal video bloggers, or "vloggers." The YouTube spokesperson said in a statement that the decision to remove the channels was taken to comply with "U.S. sanctions and trade compliance laws, including those related to North Korea." According to NK News, a Seoul-based website that tracks North Korea, the YouTubers have been linked to the Pyongyang-based Sogwang Media Corporation which seeks to expand the country’s external outreach through social media. North Korea-linked Twitter accounts, including those of so-called "friendship associations" in the United Kingdom and elsewhere, have also been blocked in South Korea due to legal demands. Some researchers have complained that removing the accounts cuts off sources of information about North Korea and its media.
Persons: Harry Potter, Hyunsu Yim, Josh Smith, Simon Cameron, Moore Organizations: YouTube, U.S, South, Korea Communications Standards, National Intelligence Service, North Korean, Google, NK News, Sogwang Media Corporation, Thomson Locations: SEOUL, North, North Korea, South Korea, Seoul, Pyongyang, United Kingdom
The news Tuesday is that the US Supreme Court squarely rejected the fringe legal theory by which far-right activists and supporters of Trump hoped to be able to ignore election outcomes. What exactly did the Supreme Court do? The case at hand – Moore v. Harper – had to do with a 2022 North Carolina congressional map rejected by the state’s Supreme Court. Trump supporters thought a riff on the independent state legislature theory, written by the former Trump lawyer John Eastman, could have kept him in office past 2020, even though he lost the election. “(Pence) should have put the votes back to the state legislatures and I think we would have had a different outcome.
Persons: Donald Trump, Trump, doesn’t, Jack Smith, Joe Biden, – Moore, Harper –, John Eastman, Eastman, Mike Pence, , John Roberts, Brett Kavanaugh, Amy Coney Barrett, Joan Biskupic, Roberts, ” Biskupic, ” Trump, CNN’s Kaitlan Collins, It’s, David Chalian, Roe, Wade Organizations: CNN, Justice Department, The Justice Department, Trump, Legislature, , Supreme, Eastman, Republican, Pentagon, White, Environmental Protection Agency Locations: North Carolina, California, Wisconsin , Pennsylvania, Georgia, Iran, United States, Alabama, Black
The Supreme Court struck down a fringe right-wing elections theory in a 6-3 ruling. Two lawmakers in the state asked the Supreme Court to take up the case based on the independent state legislature theory. But the balance of power shifted on the North Carolina Supreme Court, which went back and allowed the map. Thomas wrote that with the original case now decided in the lawmakers' favor, the argument before the Supreme Court was "moot." In his dissent, Thomas wrote that the court's purpose is to "resolve not questions and issues but 'Cases' or 'Controversies.'"
Persons: Clarence Thomas, , Clarence Thomas —, Moore, Harper —, Thomas, Thomas wasn't, Harper Organizations: Service, Republican, Voters, North, North Carolina Supreme Locations: North Carolina
KRAMATORSK, Ukraine, June 27 (Reuters) - A Russian missile struck a restaurant in the eastern Ukrainian city of Kramatorsk on Tuesday, killing at least eight people and wounding 56, emergency services said, as rescue crews combed the rubble in search of casualties. A second missile hit a village on the fringes of Kramatorsk, injuring five, but the main casualties were at the restaurant, where at least three children were among the dead. A Russian missile also hit a cluster of buildings in Kremenchuk, about 375 km (230 miles) west in central Ukraine, exactly a year after an attack on a shopping mall there that killed at least 20. In Kramatorsk, a city frequently targeted by Russian attacks, emergency workers scurried in and out of the shattered restaurant as residents stood outside embracing and surveying the damage. [1/9]A view shows a building of a restaurant heavily damaged by a Russian missile strike, amid Russia's attack on Ukraine, in central Kramatorsk, Donetsk region, Ukraine June 27, 2023.
Persons: Pavlo Kyrylenko, Volodymyr Zelenskiy, Ron Popeski, Chizu Nomiyama, Leslie Adler, Mark Heinrich, Cynthia Osterman, Simon Cameron, Moore Organizations: Police, Reuters, Donetsk Regional, Civil, Facebook, Thomson Locations: KRAMATORSK, Ukraine, Russian, Ukrainian, Kramatorsk, Kremenchuk, Donetsk region, Donetsk, Russia, Donetsk province, town's
On Tuesday, the Supreme Court dealt a blow to both. In a case called Moore v. Harper, the court rejected the “independent state legislature doctrine,” reaffirmed the soundness of the 2020 election and secured the integrity of elections to come. The effort to steal the 2020 election depended on two key arguments. argued for a version of the independent state legislature doctrine, a theory that the Constitution grants state legislatures — and state legislatures alone — broad, independent powers to regulate elections for president and for Congress. The basis for this argument is found in both Article I and Article II of the Constitution.
Persons: Moore, Harper, , Donald Trump Organizations: Trump, Republican, Pennsylvania Republican Party, State, Congress Locations: Italian, Pennsylvania
The justices ruled on a 6-3 vote that the North Carolina Supreme Court was acting within its authority in concluding that the map constituted a partisan gerrymander under the state constitution. As a result of the North Carolina Supreme Court's ruling, that map is likely to tilt heavily toward Republicans. The North Carolina case was being closely watched for its potential impact on the 2024 presidential election. Republicans led by Tim Moore, the speaker of the North Carolina House of Representatives, invoked the theory after the state Supreme Court struck down the congressional district map in February of last year. Moore and other Republicans immediately asked the Supreme Court to reinstate the maps, saying the state court had overstepped its authority.
Persons: William Rehnquist, Gore, Republican George W, Bush's, Donald Trump, Tim Moore, Moore, John Eastman, Mike Pence, Joe Biden's, Biden's Organizations: Republicans, North Carolina, Democratic, Supreme, Republican, North Carolina House of, U.S, Democrats Locations: North Carolina, Bush, Carolina,
"We've seen more cracks emerge in the Russian facade," Blinken told NBC's "Meet the Press" programme on Sunday. It was unclear if his visit to Russia's strongest ally was precipitated by the Wagner mutiny. It vouched support for Russia's efforts to maintain national stability, referring to the tension as Russia's "internal affairs". Biden and Trudeau both expressed support of Ukraine as it pursues a counteroffensive to recover territory seized by Russia, according to official statements. Giving its daily morning roundup on Monday, the General Staff of Ukraine’s Armed Forces said Russian forces had conducted unsuccessful operations around Bakhmut.
Persons: Vladimir Putin, Wagner, Yevgeny Prigozhin, Alexander Lukashenko, Sergei Shoigu, Putin, groping, Antony Blinken, Blinken, NBC's, Andrei Rudenko, Volodymyr Zelenskiy, Joe Biden, Justin Trudeau, Biden, Trudeau, Zelenskiy, Lukashenko, Antonio Tajani, Dmitry Peskov, Prigozhin, Hanna Maliar, Serhiy Nayev, ” Nayev, Simon Cameron, Moore, Lincoln Organizations: Wagner Group, Defence, Press, Russia's, Russian Federation, U.S, Canadian, Twitter, Russia's Security, Defence Ministry, Russia's TASS, RIA, Staff of Ukraine’s Armed Forces, Russian, Ukraine's Joint Forces, Reuters, Thomson Locations: Russia, Ukraine, Moscow, Russian, Rostov, Belarus, Beijing, China, Bolshevik, Lyman, Donetsk, Bakhmut
The vaccine, the company said, may not have gone through advanced enough testing to qualify for the new pot of U.S. funding. Federal officials, some of whom have become concerned about the leadership of the next-generation vaccine program, acknowledged that key questions remain about how the program will operate and how quickly it can deliver. Although some Biden administration officials hope to roll out new vaccine technology by fall 2024, many scientists believe doses are at least several years away. “There’s not the money, there’s not the infrastructure, there’s not the support,” John Moore, a virologist at Weill Cornell Medicine, said of the push for improved vaccines. “So I’m not expecting any next-generation major things in the near future.”
Persons: “ There’s, there’s, ” John Moore, I’m, Organizations: Biden, Weill Cornell Medicine Locations: Pennsylvania, India
Asia stocks slide as growth outlook darkens
  + stars: | 2023-06-23 | by ( Tom Westbrook | ) www.reuters.com   time to read: +3 min
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 0.7% and is down 3.6% for the week, its worst since March. Japan's Nikkei (.N225) fell 1% as core inflation in Japan hit its fastest pace in more than four decades. Last week the U.S. Federal Reserve surprised markets with a hawkish outlook and central banks in Australia and Canada have delivered unexpected hikes. Two-year Treasury yields rose 9 bps to 4.8% overnight and were steady at 4.7888% in Asia on Friday. Brent crude futures were set for their worst week in nearly two months and fell 0.5% to $73.79 a barrel.
Persons: HSI, Wong Kok Hoong, Henry Russell, Maybank's Wong, Jerome Powell, Simon Cameron, Moore Organizations: Nikkei, Trade, China . Hong Kong, U.S . Federal Reserve, ANZ, U.S, Brent, Thomson Locations: SINGAPORE, Asia, Pacific, Japan, China . Hong, Maybank, Singapore, Britain, Norway, Australia, Canada, Europe, United States
[1/2] Chinese Premier Li Qiang arrives for the closing session of the New Global Financial Pact Summit, Friday, June 23, 2023 in Paris, France. "China will unequivocally reject trade protectionism and all forms of decoupling and severing of supply chains," Li said on the final day of the two-day summit, adding that China would continue to take practical steps to support its fellow developing countries. "China is ready to be engaged in debt relief efforts in an effective, realistic and comprehensive manner in keeping with the principle of fair burden sharing," Li said. During the summit, Zambia struck a deal to restructure $6.3 billion in debt owed to other governments, including China, its largest official creditor. Reporting by Casey Hall Editing by Christina Fincher & Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.
Persons: Li Qiang, Read, Li, Casey Hall, Christina Fincher, Simon Cameron, Moore Organizations: New Global Financial, Thomson Locations: Paris, France, SHANGHAI, China, Europe, Zambia
[1/5] Models present creations by designer Kim Jones as part of his Menswear ready-to-wear Spring/Summer 2024 collection show for fashion house Dior Homme during Men's Fashion Week in Paris, France, June 23, 2023. REUTERS/Gonzalo FuentesPARIS, June 23 (Reuters) - Dior men's artistic director Kim Jones took to a sparse, futuristic setting at the Ecole Militaire in central Paris, kicking off his summer show with an army of models that rose up from a metallic catwalk. A whining blast of scratchy electronic sounds set the runway presentation in motion, and the catwalk lit up as floor panels rolled back. Models emerged slowly, filling the room in rows. Reporting by Mimosa Spencer; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.
Persons: Kim Jones, Dior Homme, Gonzalo Fuentes PARIS, Dior, chunky loafers, Winnie Harlow, Demi Moore, Cha Eun, Gwendoline Christie, Delphine Arnault, Bernard Arnault, Pharrell Williams, Louis Vuitton, Jay, Helen Lasichanh, Williams, Mimosa Spencer, Sandra Maler Organizations: REUTERS, Ecole Militaire, Louis, Thomson Locations: Paris, France
The deal fits the Italian group's plan to increase the share of gas in its total hydrocarbon production and is expected to boost its earnings immediately, Eni said in a statement. Eni, which is controlled by the Italian government, owns 63% of Vaar and is the main beneficiary of cash dividends from the Oslo-listed unit. VAAR EXPANDING IN NORWAYUnder the agreement, Eni will acquire Neptune's entire portfolio other than its operations in Germany and Norway. The German operations will be carved out prior to the Eni transaction and the Norwegian operations will be acquired by Vaar directly from Neptune in a separate deal, the two groups said in a statement. The Vaar transaction will close immediately prior to the Eni deal with the proceeds from the Norway sale remaining with the business purchased by the Italian group.
Persons: Italy's Eni, Eni, Claudio Descalzi, Descalzi, Vaar, Torger Roed, Rothschild, Ernst, Young, Shadia Nasralla, Terje Solsvik, Alvise Armellini, Jason Neely, Simon Cameron, Moore, Philippa Fletcher Organizations: Eni, MILAN, Italy's, Neptune Energy, Vaar Energy, LNG, Eni's Gas, Royal Bank of Canada's, Neptune, China Investment Corporation, Carlyle Group, CVC Capital Partners, HSBC, White, Case, Thomson Locations: Europe, Algeria, Indonesia, Milan, Russia, Oslo, Norway, Vaar, NORWAY, Germany, Norwegian, Neptune, Neptune Norway, Italian, Britain, Netherlands, LNG, London
Hun Sen, who has held power in Cambodia for more than three decades, last week ordered the rubber-stamp parliament to revise the law so that anyone who does not vote in the general election on July 23 will be barred from contesting any future elections. At the last election in 2018, the Hun Sen's Cambodian People's Party (CPP) won all of the parliamentary seats, having scored 4.8 million votes out of the 6.9 million cast. Hun Sen's administration has denied targeting opponents and says it is enforcing the law. The election commission said earlier this month that anyone urging people not to vote would be fined or imprisoned. The CPP will run virtually unopposed next month, after the election commission disqualified the sole opposition Candlelight Party from running, citing improper paperwork.
Persons: penalise, Hun Sen's, Hun Sen, Kheng, Phil Robertson, Kanupriya Kapoor, Simon Cameron, Moore Organizations: Interior, Cambodian People's Party, Human Rights Watch, Party, Reuters, Thomson Locations: PHNOM PENH, Cambodia
[1/2] PwC sign is seen in the lobby of their offices in Barangaroo, Australia June 22, 2023. PwC Australia made A$3 billion ($2.01 billion) in revenue last financial year. Allegro Funds describes itself as a restructuring specialist with over A$4 billion ($2.68 billion) under management. Acting PwC Australia chief executive Kristin Stubbins said last month the firm would "ringfence" its government consulting business and appoint a separate board to consider "strategic options for the business". In a sign the scandal is beginning to impact PwC's private sector work, four major pension funds managing roughly A$750 billion froze work with the firm this month.
Persons: Lewis Jackson SYDNEY, PwC, Kristin Stubbins, Lewis Jackson, Lincoln, Simon Cameron, Moore Organizations: REUTERS, PricewaterhouseCoopers Australia, Allegro, Reserve Bank of Australia, Australian Financial, Funds, PwC Australia, Thomson Locations: Barangaroo, Australia
The cult of Emily Oster
  + stars: | 2023-06-22 | by ( Sarah Todd | ) www.businessinsider.com   time to read: +30 min
Emily Oster is sitting in the back of a car, checking her Garmin watch as we lurch through rush-hour traffic toward the Holland Tunnel. A self-described expert in data, Oster uses her economics training to dig into studies on things like circumcision and screen time and translate them for popular consumption. There doesn't seem to be much of a gap between the way Oster presents herself in her books and newsletters and the way she conducts her life. Unsurprisingly, economics informs every aspect of the way Oster sees the world. When Oster was a toddler, her mother told a Yale colleague that Oster often talked to herself before falling asleep.
Persons: Emily Oster, doesn't, Oster, Taylor Swift, Spock, , Mandy Moore, Emily DiDonato, Amy Schumer, " Oster, Emily, Aisha McAdams, Claudia Goldin, who's, Lori Feldman, " Feldman, Winter, It's, reopenings, Timothy Caulfield, Oster's Brown, OSTER, She's, Sheryl Sandberg's, Brown, Denis Tangney Jr, graham, Eminem, Sharon Oster, Ray Fair, Jesse Shapiro, Katherine Nelson, Carl, Choate Rosemary Hall, John F, Kennedy, Glenn Close, Ivanka Trump, Goldin, Steven Levitt —, Oster —, Paul Farmer, Steven Levitt, Oster's, Levitt, Robert Barro, demographer Monica Das Gupta, Joseph Delaney, she'd, I've, Matt Notowidigdo, Chicago Booth, hadn't, Udo Salters, Patrick McMullan, Shapiro, Jessica Calarco, Dr, Anthony Fauci, Donald Trump, Calarco, Rochelle Walensky, Delaney, University of Manitoba epidemiologist, Abigail Cartus, Justin Feldman, Delivette Castor, they're, COVID, Castor, Notowidigdo, Carter, you'd, she's, there's Organizations: Garmin, Brown University, New York Times, American Academy of Pediatrics, Yorker, Yale School of Management, Yale, Harvard, Connecticut, Choate, University of Chicago, Forbes, Wall, Publicly, University of Manitoba, Getty, Oster, Centers for Disease Control, Columbia University, Harvard Business School Locations: Holland, Montclair , New Jersey, Montclair, Harvard, Providence , Rhode Island, New Haven , Connecticut, China, Canada, Chicago, Ohio, New Jersey
Mike Moore | Getty Images Entertainment | Getty ImagesBud Light's ill-fated Dylan Mulvaney collaboration dominated conversations among marketers gathered in southern France for the Cannes Lions advertising festival this week. But according to Sarah Kate Ellis, president and CEO of LGBTQ+ rights organization GLAAD, Bud Light's lack of engagement did exactly that. "What Bud Light did was they had a trigger response and they ended up alienating everyone," Ellis told CNBC's Tania Bryer Wednesday. In May, Bud Light lost its top spot in the U.S. beer market, falling behind Constellation Brands' Modelo after sales slumped 24.6% year over year. A 'wake-up call'AB InBev's chief global marketing officer, Marcel Marcondes, said Monday that the months-long Bud Light boycott had been a wake-up call for the company.
Persons: influencer Dylan Mulvaney, Mike Moore, Bud Light's, Dylan, influencer Mulvaney, Brendan Whitworth, Sarah Kate Ellis, Bud Light, Ellis, CNBC's Tania Bryer, we're, David Droga, Droga, Andrew Clarke, Mars Wrigley, Clarke, Marcel Marcondes Organizations: Getty, Cannes Lions, Anheuser, Busch InBev, InBev's North, U.S, Constellation Brands, Modelo, Accenture, Brands, InBev's, Light, Deutsche Bank Locations: France, Cannes, U.S
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