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Beer juggernaut Anheuser-Busch has seen its value nosedive roughly $5 billion since Bud Light's polarizing partnership with transgender activist Dylan Mulvaney.
As of Wednesday's close, Anheuser-Busch has fallen 5.02% and lost $4.562 billion in market cap, according to Dow Jones Market Data Group.
The stock was $66.73 per share on March 31 and closed at $63.38 on Wednesday.
Mulvaney, a trans activist and social media influencer who gained prominence when given an opportunity to interview President Biden about LGBTQ issues in 2022, revealed earlier this month that the beer company sent packs of Bud Light with her face printed on the cans as part of an ad for the beer company's March Madness contest and as a way to celebrate a full year of "girlhood."
Anheuser-Busch stock plummeting comes as country music singer John Rich said he pulled cases of Bud Light from his Nashville, Tennessee, bar as part of a boycott against Anheuser-Busch; conservative rocker Kid Rock used several Bud Light cases for target practice in a viral video; and there has been widespread backlash on social media while beer distributors are concerned.


"The positive energy that surprises you everywhere in Ukraine, even when things are going badly, cannot be felt in Bakhmut. Few soldiers feel like talking; while the sound of constant impacts is heard, they sit still and wait for what is to come.The Russians are "slowly but surely winning" the seven-month battle for the town, with only two roads still connecting the "almost surrounded" Artyomovsk to the Ukrainian rear, according to Humin. The Russians are advancing street-by-street and "it seems only a matter of time" before they capture the town completely.
"The mood among the military is tense, focused, and worried. Many wonder what they are fighting for in Bakhmut. Is it really still worth defending this devastated city against the repeated attacks of the Russian armed forces."

"We are scanning the globe to find technology that will assure this city is safe," the mayor said.

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