Gates Foundation Buys Nearly $100 Million , Worth of Anheuser-Busch Shares.<br />Anheuser-Busch is still reeling from the <br />fallout of transphobic backlash over <br />Dylan Mulvaney partnering with Bud Light.<br />Anheuser-Busch is still reeling from the <br />fallout of transphobic backlash over <br />Dylan Mulvaney partnering with Bud Light.<br />But the Bill and Melinda Gates Foundation is betting that the beer-maker will stage a comeback.<br />But the Bill and Melinda Gates Foundation is betting that the beer-maker will stage a comeback.<br />Last quarter, Gates' foundation trust bought <br />1.7 million shares of Anheuser-Busch which were valued at $95 million, CNN reports. .<br />Last quarter, Gates' foundation trust bought <br />1.7 million shares of Anheuser-Busch which were valued at $95 million, CNN reports. .<br />However, Anheuser-Busch's stock is down about 2% since the purchase, which means the trust is <br />losing money on its investment currently. .<br />For the year, the stock has dropped about 7%. .<br />The beer company's U.S. revenue dropped 10% <br />in Q2 because of Bud Light sales, CNN reports. .<br />Sales to American retailers dropped by 14%.<br />Modelo ultimately surpassed Bud Light <br />in sales for the first time ever.<br />Anheuser-Busch announced U.S. corporate layoffs in July that would affect "less than 2%" of employees.<br />Earlier this year, the Gates foundation trust <br />also purchased close to $1 billion <br />in Heineken Holding shares. .<br />Earlier this year, the Gates foundation trust <br />also purchased close to $1 billion <br />in Heineken Holding shares.
