Major bank takes action against Anheuser-Busch over Bud Light 'crisis': 'Raises many questions'
"We need to continue to clarify the facts — that was one can, one post, one influencer, and not a campaign"
HSBC, one of the world's largest banks, downgraded the stock of Anheuser-Busch InBev this week amid controversy over Bud Light's partnership with transgender influencer Dylan Mulvaney.
Bank analysts downgraded the stock to "hold" status, which means investors should neither sell nor purchase the stock, CNBC reported. ---More...
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