Supreme Court Justice Alito sold Bud Light stock, then bought Coors, during boycott
ABInBevABInBev(US:BUD) cnbc.com·2024-05-20 17:41

分组1 - Justice Samuel Alito sold shares of Anheuser-Busch between $1,000 and $15,000 on August 14, 2023, coinciding with a conservative backlash against the company due to its partnership with a transgender influencer [1][3][4] - On the same day, Alito purchased an equivalent amount of stock in Molson Coors, a company that has faced its own political boycotts [2][6] - Anheuser-Busch experienced a significant drop in Bud Light sales, nearly 25% year-over-year, as Modelo overtook it as the top-selling beer in the U.S. [5] 分组2 - Despite the boycott, AB InBev reported better-than-expected profits in the second fiscal quarter of 2023, indicating resilience amid the controversy [6] - The controversy surrounding Alito's stock transactions has led to accusations of partisan alignment, raising questions about the implications for his future judicial impartiality [2][11] - The timing of Alito's stock sale has drawn criticism, with some suggesting it could be interpreted as a political statement related to the ongoing culture war [9][10]