Why a ‘rip-off’ degree might be worth the money after all – research study 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Columbia Student Mahmoud Khalil Fights Arrest as Deportation Case Moves to New Jersey 
Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data 
Trump Reports $1.4 Billion in Crypto Income as Digital Assets Become Top Wealth Source 
Trump Questions Housing Bill as He Prioritizes SAVE America Act 
Economic pessimism has set in – but there are reasons for Australians to be hopeful 
Buffett Delays Gates Foundation Donation Pending Epstein Ties Review 
Open-Source AI Models Gain Ground as Enterprises Seek Lower-Cost Alternatives, Citi Says 
South32 Sells Major Aluminium Assets to Alcoa in Deal Worth Up to $5.6 Billion 
Kawasaki Heavy Shares Slide on Report of ¥200 Billion Capital Raise Plan 
What’s the difference between baking powder and baking soda? It’s subtle, but significant 
Greece’s Bad Loan Crisis Continues to Limit Credit Access Despite Economic Recovery 
U.S. Stocks End Q2 Higher as Strong Jobs Data and AI Rally Lift Wall Street 
China Manufacturing PMI Edges Higher in June as Exports and AI Investment Boost Growth 
SK Holdings, KKR Launch $1.3B Renewable Energy Venture in South Korea 
Bud Light, a Light Lager style beer brewed by Anheuser-Busch, reportedly lost its title as the best-selling beer in the United States after it was boycotted over an ad that featured Dylan Mulvaney, a social media influencer.
As it is no longer the top-selling beer in America as of May, Modelo Especial, an authentic Mexican lager beer produced by Constellation Brands, has reportedly taken its place. It was noted that Bug Light has been overthrown last month after staying at the No. 1 spot for more than two decades.
Its displacement in the ranking further put a spotlight on how much trouble Anheuser-Busch had to go through after collaborating with the 26-year-old transgender influencer. The beermaker's troubles apparently started after Mulvaney shared a photo on Instagram showing a Bud Light can with her face on it, as per CNN Business.
It was a sponsored post that earned heavy backlash from conservatives. Since that IG post in April, Anheuser-Busch's Bud Light beer suffered a major blow as people stopped buying it. In some cases, consumers shared videos where Bud Light products were being thrown out in trash bins and destroyed beer containers.
Now, for four weeks ending on June 3, it was reported that Modelo Especial gained 8.4% of the retail beer sales in the U.S., resulting in Bud Light slipping into second place with 7.3%. This figure is based on the data supplied by NIQ to the Bump Williams consulting firm. The sales of Bud Light eventually dropped by 24.4%, while Modelo Especial's grew by as much as 12.2%
"Modelo Especial appears to be increasing its sales growth each week as we get deeper into summer," the consulting company told the publication.
Finally, Reuters further quoted certified instructor of craft beer business at the University of Vermont, Jon Reynolds, as saying with regard to Anheuser-Busch's decline, "Bud Light's stumble with Dylan Mulvaney will certainly hurt their chances to take market share, but Miller Lite, Coors Light and Modelo will reap most of those rewards."
Photo by: Esperanza Doronila/Unsplash
