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☆ Bud Light is trying to meme its way back into your fridge
▼ + stars: | 2023-07-12 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

Bud Light posted a meme on Sunday that seemed to poke fun at the brand's handling of backlash it's faced. The backlash began in April, after Bud Light partnered with transgender influencer Dylan Mulvaney. A video clip posted on Sunday to Bud Light's Twitter and Instagram shows a woman eating a watermelon, a Bud Light can on a picnic table behind her while severe wind whips trash and sends people scurrying. Conservatives are calling for Bud Light boycotts, while advocates are asking the brand to support the transgender community. The recent post from Bud Light, though, seemed to meme-ify Bud Light's own handling of the backlash — silently waiting out the storm of outcry.

Persons: Bud Light, it's, influencer Dylan Mulvaney, Bud Light's, Bud, Brendan Whitworth, Larry Kopp, they're, Busch, Mulvaney, Kopp, Drew Kerr, we've, Kerr Organizations: Service, Bud Light's Twitter, Anheuser, Busch, Bud Light, Mulvaney, TASC Locations: Wall, Silicon

☆ Fact Check-Claim Garth Brooks cancelled Las Vegas shows stems from satirical site
▼ + stars: | 2023-07-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

The claim that American country music singer Garth Brooks cancelled his remaining shows in Las Vegas, Nevada is fabricated and stems from a satirical website. Users online shared an article published by satirical website The Dunning-Kruger Times, with a headline that reads: “Garth Brooks Cancels His Remaining Vegas Shows: ‘People Stopped Coming’” (archive.is/wip/T0aJq). No such cancellation notice is viewable via Brook’s website or social media channels (www.garthbrooks.com/), (twitter.com/garthbrooks). Reuters has previously addressed satirical stories published by the website that were taken seriously online, with examples pertaining to Brooks viewable (here) and (here). The claim stems from satirical website, The Dunning-Kruger Times.

Persons: Garth Brooks, Dunning, “ Garth Brooks, “ Guess, Brooks, Bud Light, influencer, Dylan Mulvaney, tomfoolery ”, dunning, kruger, Read Organizations: Kruger Times, Country, Defense, Reuters Locations: Las Vegas , Nevada, Las Vegas

July 10 (Reuters) - Constellation Brands' (STZ.N) Modelo Especial was the top-selling beer brand in the United States for a second consecutive month in June, after first dethroning Anheuser-Busch InBev's (ABI.BR) Bud Light in May. Modelo Especial was the top-selling beer brand for the four weeks ended July 1, with an 8.7% share of overall beer sales through retail stores for the period, while Bud Light came in second with a 7% share, according to consulting company Bump Williams, which sources data from NielsenIQ. Sales of Bud Light and Budweiser dropped 28% and 11.7%, respectively, from a year earlier, while Modelo Especial sales rose 8.5%. Azer added that consumers had quickly figured out AB InBev's other beer brands like Michelob Ultra and Natural Light, which are also seeing a fall in sales. Before the backlash, Natural Light was gaining due to cost-conscious consumers opting for cheaper six-packs.

Persons: Busch, Bud Light, influencer Dylan Mulvaney, Bump Williams, Michel Doukeris, Neil Reid, Cowen, Vivien Azer, Azer, Letitia James, Ananya Mariam Rajesh, Pooja Desai Organizations: Constellation Brands, Modelo Especial, Anheuser, U.S, University of Toledo, Budweiser, Target, New York, Starbucks, Thomson Locations: United States, NielsenIQ, U.S, Bengaluru

☆ Modelo tops Bud Light in sales for second month in a row
▼ + stars: | 2023-07-10 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Mexican-made Modelo Especial is the top-selling beer in the United States for the second straight month, once again snatching the crown from Bud Light. Dollar sales for the pre-July 4 period continued to be grim for Bud Light, with sales falling 28.5%, while Modelo’s grew 8.5% during the same time period. Bud Light initially lost the title last month, which it has largely held for two decades. In June, Bud Light rolled out a new marketing campaign to help turn around sales, centering around country music and NFL players. However, Bud Light continues to be the country’s top-selling beer year to date, holding 8.7% share of the beer market.

Persons: Bud Light, Bud Light’s, Bump Williams, Dylan, Williams, Greg Gallagher, ” Organizations: New, New York CNN, Especial, Modelo Especial, Anheuser, NFL, Modelo, Constellation Brands, Corona, Constellation, CNN Locations: New York, United States

☆ Bud Light tries to win back conservatives one grunt at a time in a new ad featuring NFL star Travis Kelce
▼ + stars: | 2023-07-04 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +3 min

Bud Light released a new ad with Kansas City Chiefs star Travis Kelce, titled "Backyard Grunts." Bud Light aims to win back conservatives with a new ad featuring Kansas City Chiefs star Travis Kelce and several decidedly less athletic men gingerly easing themselves into various seats — and grunting. Bud Light faced backlash over partnering with transgender influencer Dylan Mulvaney in April. The new 15-second spot depicted various backyard gatherings and has no dialogue apart from grunts, sighs, and Kelce saying "yeah." He also said about the summer advertising strategy: "you can look forward to Bud Light reinforcing what you've always loved about our brand – that it's easy to drink and easy to enjoy."

Persons: Bud Light, Travis Kelce, influencer Dylan Mulvaney, Brendan Whitworth, Mulvaney, Whitworth, Bud, Busch, you've Organizations: Kansas City Chiefs, Anheuser, Busch US, Morning, Busch, CBS, Bud Light, Modelo Especial Locations: America

☆ Fact Check-Claims about Dylan Mulvaney lawsuit against Kid Rock stem from satire site
▼ + stars: | 2023-06-30 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Claims that a lawsuit by transgender influencer Dylan Mulvaney against singer Kid Rock was “dismissed with prejudice” originated on a satirical website, and there is no evidence that such a lawsuit exists, although some social media posts omit that context. Some posts online shared an article from satirical website The Dunning-Kruger Times with the headline, “Laughed Out of Court: Dylan Mulvaney’s $70 Million Lawsuit Against Kid Rock Dismissed With Prejudice” (tinyurl.com/3c78xdjs). Other posts, however, shared the claim as fact, without reference to the original article (here), (tinyurl.com/sp9xzmrn). No credible sources have reported that a lawsuit by Mulvaney against Kid Rock was dismissed, or that such a lawsuit exists (tinyurl.com/2b2rbxam). Claims about a lawsuit by Dylan Mulvaney against Kid Rock originated from a satirical website.

Persons: influencer Dylan Mulvaney, Kid Rock, “, ”, Dunning, Dylan Mulvaney’s, Rock, Bud Light, Mulvaney’s, tomfoolery ”, dunning, kruger, Bud, Dylan Mulvaney, Read Organizations: Kruger Times, Bud Light, Mulvaney, Defense, Reuters

☆ Constellation Brands results top estimates on strong Modelo Especial sales
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

June 30 (Reuters) - Constellation Brands (STZ.N) first-quarter results topped Wall Street expectations on Friday, as the Corona beer maker benefited from higher pricing and steady demand for its alcoholic beverages. Constellation’s beer business posted an 11% increase in sales in the quarter ended May 31, mainly on strong growth across Modelo Especial, the Modelo Chelada brands as well as Corona Extra. Modelo Especial dethroned Anheuser-Busch InBev's (ABI.BR) Bud Light as the top selling beer in the U.S. in June after the latter faced backlash over a social media promotion with transgender influencer Dylan Mulvaney. Constellation net sales rose more than 6% to $2.52 billion, beating analysts' average estimate of $2.47 billion, according to Refinitiv IBES data. The company's first-quarter profit of $2.91 per share beat analysts' average estimate of $2.83 as per IBES data from Refinitiv.

Persons: Busch, Bud Light, influencer Dylan Mulvaney, Kim Crawford, Juveria, Vinay Dwivedi Organizations: Constellation Brands, Modelo Especial, Modelo, Anheuser, Constellation, Refinitiv, Thomson Locations: U.S

☆ Transgender Influencer Dylan Mulvaney Criticizes Bud Light Over Lack of Support
▼ + stars: | 2023-06-30 | by ( Joseph Pisani | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/transgender-influencer-dylan-mulvaney-criticizes-bud-light-over-lack-of-support-fa367ed9

Persons: Dow Jones, dylan

☆ Fact Check-Image of Garth Brooks performing in ‘empty arena’ was satire
▼ + stars: | 2023-06-29 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

A graphic purporting to show Garth Brooks playing to a nearly empty arena has its origins in a satirical article but the image is circulating online without that context, prompting comments suggesting that the event really happened. The image of Brooks and the article originated on satirical website Dunning-Kruger Times (here), which lists the story under the category “Punishing Garth Brooks” (here). The original photo used in the article and the image circulating online shows Brooks performing in May 2022 at Paul Brown Stadium in Cincinnati, Ohio (here). Reuters has previously debunked claims about Garth Brooks that originated on the Dunning-Kruger Times site (here), (here). The claim that Garth Brooks performed in an empty arena after refusing to ban Bud Light from his new bar originated on a satirical website.

Persons: Garth Brooks, “ Garth, “, Brooks, Bud, influencer Dylan Mulvaney, Dunning, Garth Brooks ”, tomfoolery ”, ”, dunning, kruger, Bud Light, Read Organizations: Newsweek, Kruger Times, Defense, Paul Brown, Reuters Locations: America, Nashville, Cincinnati , Ohio

☆ Google employees boo company at drag show that was nearly cancelled amid religious employee protest
▼ + stars: | 2023-06-29 | by ( Jennifer Elias | ) www.cnbc.com time to read: +3 min

Google tried to distance itself from a pre-planned drag show featuring longtime performer "Peaches Christ" in San Francisco but employees still attended. yelled dozens of attendees, including several Google employees wearing company "Pride" T-shirts. Grannell, whose drag performer name is "Peaches Christ" was a planned performer at a drag show sponsored and promoted by Google to close out Pride month. Attendees and Grannell said they viewed the change as a buckling to pressure of the Christian employees' petition and complaints. Both employees and Grannell told CNBC they were disappointed in the company for backtracking, adding that the company held a similar event last year without any problems.

Persons: Joshua Grannell, they'd, Grannell, I've, Bud Light, Dylan Mulvaney, Pattie Gonia . Organizations: Google, CNBC, GOP, Corporations, North, Pride Locations: San Francisco, Castro

☆ Dylan Mulvaney says Bud Light’s backlash response was ‘worse than not hiring a trans person at all’
▼ + stars: | 2023-06-29 | by ( Clare Duffy | ) edition.cnn.com time to read: +4 min

New York CNN —Dylan Mulvaney on Thursday broke her silence about the fallout that occurred after the trans influencer made two Instagram posts sponsored by Bud Light earlier this year. Bud Light’s sponsorship of an April 1 Instagram post by Mulvaney set off a firestorm of anti-trans backlash and calls for a boycott. But later it released a vague statement from the CEO that failed to offer support for Mulvaney or the trans community. The Bud Light backlash also coincided with anti-LGBTQ+ campaigns against other big brands, including Target. “I think the conversation surrounding Bud Light has moved away from beer, and the conversation has become divisive, and Bud Light really does not belong there, Bud Light should be about bringing people together,” Whitworth said.

Persons: New York CNN — Dylan Mulvaney, Bud Light, Bud Light’s, Mulvaney, ” Mulvaney, Bud, Brendan Whitworth, ” Whitworth, I’ve, ” –, Danielle Wiener, Bronner Organizations: New, New York CNN, American Civil Liberties Union, UCLA School of Law, Target, Bud Light, Anheuser, Busch, CBS, CNN Locations: New York

☆ Dylan Mulvaney Says the Fallout From Her Bud Light Video Continues
▼ + stars: | 2023-06-29 | by ( ) www.wsj.com time to read: 1 min

McSpaghetti? Inside McDonald’s International Menu StrategyWhile McDonald’s is well known for its burgers across the world, it has menu items in other countries that you won’t find anywhere else. Here’s how the fast-food chain crafts its unique global menus and why localizing them is key to its success. Illustration: Annie Zhao

Persons: Annie Zhao

☆ Transgender Influencer Speaks Out After Backlash Against Bud Light
▼ + stars: | 2023-06-29 | by ( John Yoon | ) www.nytimes.com time to read: 1 min

A transgender influencer whose social media promotion of Bud Light drew attacks from conservatives and a boycott of the brand spoke directly about the controversy for the first time on Thursday, saying that she had been bullied and that the beer maker had failed to contact her in light of the hostility. Since April, when the influencer, Dylan Mulvaney, featured Bud Light in an Instagram video, she has faced stalking and personal attacks, she said in videos she posted on social media. “What transpired from that video was more bullying and transphobia than I could have ever imagined,” Ms. Mulvaney, 26, said. “I’ve been followed, and I have felt a loneliness that I wouldn’t wish on anyone.”Throughout the controversy, she continued, Bud Light has not reached out to her. She was scared to leave her home while the company failed to stand by her, she said.

Persons: Bud Light, Dylan Mulvaney, Ms, Mulvaney, “ I’ve

☆ Anheuser-Busch hopes new ads will change the Bud Light conversation
▼ + stars: | 2023-06-28 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

Distributors are also facing financial difficulty because of a sharp decrease in Bud Light sales. Two marketing executives, Alissa Heinerscheid of Bud Light and Daniel Blake of A-B, have taken leaves of absences. In May, Mexican lager Modelo Especial dethroned Bud Light as America’s top-selling beer, a title that Bud had largely held for more than two decades. Bud Light sales plunged 24% during the four weeks ending June 3, according to NIQ data provided to consulting firm Bump Williams. Bud Light, however, remains the country’s top-selling beer so far this year.

Persons: Bud Light, “, influencer Dylan Mulvaney, Mulvaney, Brendan Whitworth, Alissa, Daniel Blake of, ”, Whitworth, Marcel Marcondes, ” Marcondes, Bud, Bump Williams Organizations: New, New York CNN, Anheuser, Distributors, Bud Light, Beer Business, Busch, Bud, NFL, Human, Cannes Lions International, Modelo Especial Locations: New York, Houston, Jonesboro , Arkansas

☆ Would Bud Light do it all over again? Anheuser-Busch's US CEO dodges question of whether promo with a transgender influencer was a 'mistake.'
▼ + stars: | 2023-06-28 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

The company's Bud Light brand saw backlash over a promotion that featured a transgender influencer. The CEO didn't say whether he thought the promo a "mistake," but said the brand would continue to support LGBTQ+ organizations. Analysts from JP Morgan have also warned that sales could continue to drop, and predicted some consumers will swear off Bud Light "for the foreseeable future." Anheuser-Busch is now spending nearly three times more on Bud Light advertising, Whitworth told CBS Wednesday. The Bud Light brand has also donated to anti-LGBTQ+ politicians in the past, the interviewers pointed out in the CBS segment.

Persons: Bud, —, Brendan Whitworth, Bud Light, influencer Dylan Mulvaney, Whitworth, it's, Mulvaney, JP Morgan, We'll, we've Organizations: CBS, Service, Privacy, Anheuser, Target, Busch, JP, Bud Light

☆ Google distanced itself from a drag show it sponsored after staff said it was offensive to Christian workers, a report says
▼ + stars: | 2023-06-28 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Hundreds of Google employees signed a petition opposing a drag show the company sponsored for Pride. Google has since distanced itself from the event, CNBC reported. Google distanced itself from a Pride Month drag show it had sponsored shortly after some employees started a petition claiming it was offensive to Christian staff, CNBC reported. Google's distancing from the drag performance comes as a number of companies have clashed with customers or employees over LGBTQ+ and Pride Month initiatives. And Starbucks workers said that the company wouldn't let them decorate their stores for Pride, prompting some staff to go on strike.

Persons: Peaches, Bud Light, influencer Dylan Mulvaney Organizations: Google, Pride, CNBC, Morning, Christian, Tuesday Locations: San Francisco

☆ Fact Check-Claims that Garth Brooks cancelled bar opening began on satirical website
▼ + stars: | 2023-06-23 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

Claims that country singer Garth Brooks cancelled the opening of his new bar in Nashville, Tennessee, originated as satire, though some social media posts are missing that context. Posts online (here) shared an article by satirical website The Dunning-Kruger Times with the headline, “Garth Brooks Cancels His Bar’s Grand Opening After Investors Bail Out: ‘The Brand is an Embarrasment Now’” (tinyurl.com/3akkms5t). While Brooks has faced criticism since then, there is no evidence that he cancelled the opening of his new bar (tinyurl.com/38ye9uyp). The Dunning-Kruger Times describes itself as a “subsidiary of the ‘America’s Last Line of Defense’ network of parody, satire, and tomfoolery” (dunning-kruger-times.com/29-2/). These include other claims published by The Dunning-Kruger Times involving the backlash against Bud Light (here), (here), (here), (here).

Persons: Garth Brooks, Dunning, “ Garth Brooks, “ Go, Karma, ”, Brooks, Bud, influencer Dylan Mulvaney, Brooks ’, tomfoolery ”, dunning, kruger, The Dunning, Bud Light, Read Organizations: Kruger Times, Billboard, Broadway, Defense, Reuters Locations: Nashville , Tennessee

☆ The Starbucks union says workers at more than 150 stores will be striking in protest of the company's treatment of Pride displays
▼ + stars: | 2023-06-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +4 min

The union for Starbucks staff says that workers at more than 150 stores will strike in the coming week. Starbucks Workers United said Friday morning that more than 3,500 workers would be on strike over the course of the next week because of the company's "hypocritical treatment of LGBTQIA+ workers." The union said that strikers would be "demanding that Starbucks negotiate a fair contract with union stores and stop their illegal union-busting campaign, which has significantly impacted Starbucks' LGBTQIA+ workforce." Starbucks did not immediately respond to Insider's request for comment, made outside of regular working hours, on what would happen to the striking stores. As of June 22, 329 Starbucks stores in the US have won union elections, according to Perfect Union.

Persons: —, Bud Light, influencer Dylan Mulvaney, Moe Mills, Lynne Fox, May Jensen, Jensen, barista Mari Cosgrove, Cosgrove Organizations: Starbucks, Strikers, Service, Starbucks Workers, Pride, Workers United, CNBC, US, Perfect Union Locations: Richmond Heights , Missouri, Seattle

☆ Bud Light boycott is the talk of the town at the prestigious Cannes Lions ad festival
▼ + stars: | 2023-06-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +3 min

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

☆ Deutsche Bank upgrades Anheuser-Busch InBev, sees Bud Light headwinds fading
▼ + stars: | 2023-06-22 | by ( Brian Evans | ) www.cnbc.com time to read: +2 min

Anheuser-Busch InBev's Bud Light nightmare won't last forever, according to Deutsche Bank. Anheuser-Busch's U.S.-listed shares are down nearly 15% in the second quarter, driven largely by consumers fleeing the Bud Light brand over a collaboration with transgender influencer Dylan Mulvaney. BUD 3M mountain Bud Light stock has dropped nearly 15% in the second quarter. "Our proprietary dbDIG survey data suggests that 24% of Bud Light consumers no longer buy the brand with another 18% buying less. The company is slated to report second-quarter earnings in early August, and Collett expects the Bud Light parent to reduce or remove its full-year guidance.

Persons: Busch, Bud, influencer Dylan Mulvaney, Mitch Collett, Bud Light, Collett, — CNBC's Michael Bloom Organizations: Anheuser, Deutsche Bank, €, Busch's, Bud Light, Bud, Busch InBev Locations: Busch's U.S, U.S, Mexico, Brazil, China

☆ Stocks making the biggest premarket moves: Tesla, Darden Restaurants, Anheuser-Busch, Alcoa & more
▼ + stars: | 2023-06-22 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

Darden Restaurants — The company behind Olive Garden and other restaurant chains slid nearly 4% in the premarket. Darden beat expectations of analysts polled by Refinitiv for earnings in the fiscal fourth quarter, while revenue came in line with expectations. Meanwhile, Darden's revenue guidance was higher than Wall Street forecasted. The Wall Street firm said the stock is pricing in only downside risk without the expectation for recovery. Alcoa — Shares of the aluminum company slumped 3.5% in premarket trading after Morgan Stanley downgraded Alcoa to underweight from equal weight.

Persons: Morgan Stanley, Darden, Refinitiv, FactSet, Eugene Lee, Overstock.com, discounter, Overstock, Mauricio Gutierrez, Bud Light, influencer Dylan Mulvaney, Aerosystems, —, Samantha Subin, Jesse Pound, Alex Harring Organizations: Tesla, Darden, Olive, Wall, Bed, NRG Energy, Journal, Elliott Investment Management, Anheuser, Busch Inbev, Deutsche Bank, Alcoa —, Alcoa, Refinitiv, Revenue, Boeing Locations: Austin , Texas, Kansas

☆ Boycotts rarely work — but anti-LGBTQ+ backlash is forcing companies into tough choices
▼ + stars: | 2023-06-22 | by ( Stefan Sykes | ) www.cnbc.com time to read: +11 min

For companies like Target and Disney, it is unclear if boycotts will hit sales. The company said it has not changed any policy on decorations and is encouraging stores to celebrate Pride Month. Despite the mounting headlines and sustained criticism of Bud Light, corporate boycotts are "overstated," and those offended by campaigns tied to Pride Month are in the "minority," Ellis said. Bud Light appears to be an outlierIn April, the brewer ran a March Madness promotion with trans influencer Dylan Mulvaney, who shared a customized Bud Light can on Instagram. Justin Sullivan | Getty ImagesIt isn't just Bud Light — brands across the board are facing calls to boycott their goods or services.

Persons: Gene Kim, Bud Light, Anson Frericks, Starbucks baristas, Sarah Kate Ellis, Ellis, Dylan Mulvaney, Brendan Whitworth, — Alissa Heinerscheid, Daniel Blake —, Bump Williams, Busch, Frericks, Bud, Marcel Marcondes, Marcondes, Justin Sullivan, Jack Daniel's, Lawrence Glickman, Glickman, baristas, hasn't, Disney isn't, Ron DeSantis, Lindsey Roeschke, Brayden King, King, David Cliff, Nurphoto Organizations: Anheuser, Busch, Target, Disney, Starbucks, Pride Month, Target's, Pride, GLAAD, Mulvaney, CNBC, Gay, Chamber, Commerce, Cannes Lions International, Creativity, Brands, Kohl's, Nike, Adidas, Ford, Associated Press, American Studies, Cornell University, Consumer, Walt Disney Co, Florida Gov, Brand Intelligence, Morning, Northwestern University, Getty Locations: U.S, America, San Francisco , California, Oklahoma, Florida

☆ Stocks making the biggest moves midday: Overstock, Tesla, Accenture and more
▼ + stars: | 2023-06-22 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

Accenture — The stock fell 2.6% after the consulting firm shaved the top end of its revenue expectations for the fiscal year. Darden posted earnings of $2.58 per share on revenue of $2.77 billion in its latest quarter. Tesla — Tesla shares traded flat amid a choppy session after Morgan Stanley downgraded the electric-vehicle giant to an equal weight rating from overweight, citing valuation concerns. Loop also reiterated its buy rating and raised its price target given what it sees as an opportunity for the stock to rally further. Expedia , TripAdvisor — Expedia and TripAdvisor gained 1.5% and 3.2%, respectively, after B. Riley initiated coverage on each stock as buy.

Persons: AeroSystems, Max, Darden, Eugene Lee, influencer Dylan, Tesla, Morgan Stanley, Root, JPMorgan Chase, Dow, —, TripAdvisor, Riley, Expedia, Eli Lilly —, Samantha Subin, Michelle Fox, Jesse Pound Organizations: Bed, Boeing, Accenture, Darden, FactSet, Anheuser, Busch InBev —, Deutsche Bank, NRG Energy, Wall Street, Elliott Investment Management, Embedded Insurance, Alcoa, JPMorgan, Amazon Prime, Bank of America Locations: Salt Lake City , Utah, Wichita , Kansas, Illinois

☆ Bud Light rolls out new ad following the Dylan Mulvaney controversy
▼ + stars: | 2023-06-22 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +4 min

New York CNN —Bud Light is trying to revive its slumping brand with a new marketing campaign aimed at – appropriately – overcoming adversity. It shows people enjoying Bud Light despite facing some of summer’s biggest pain points, like sunburn or a sudden thunderstorm during a cook out. Bud Light | Easy to SummerThe new ad is a continuation of its “Easy to Drink, Easy to Enjoy” that made its debut during this year’s Super Bowl. That spot featured actor Miles Teller and his wife Keleigh Sperry dancing and relaxing at home with a Bud Light. Bud Light sales plunged 24% during the four weeks ending June 3, according to NIQ data provided to consulting firm Bump Williams.

Persons: Bud Light, Dylan, Bud, Bud Light’s, ’ backyards, Travis Kelce, Dak, It’s, Miles Teller, Keleigh Sperry, Alissa Heinerscheid, Todd Allen, Brendan Whitworth, ”, Marcel Marcondes, “, ” Marcondes, Bump Williams Organizations: New, New York CNN, YouTube, NFL, Anheuser, Busch, CNN, Busch InBev, Human, Cannes Lions International, Modelo Especial Locations: New York, Dak Prescott, Mulvaney

☆ Cannes Lions 2023: Bud Light had a trigger response and alienated everyone, says GLAAD president
▼ + stars: | 2023-06-21 | by ( Tania Bryer | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCannes Lions 2023: Bud Light had a trigger response and alienated everyone, says GLAAD presidentSarah Kate Ellis, president and CEO of LGBTQ+ media monitor GLAAD, gives her assessment to CNBC's Tania Bryer on what went wrong for Bud Light in its recent campaign featuring Dylan Mulvaney.

Persons: Bud Light, Sarah Kate Ellis, CNBC's Tania Bryer, Dylan Mulvaney Organizations: Cannes

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