Anheuser-Busch stocks rise after Trump defends Bud Light parent company he invested in
Trump owned up to $5 million in Anheuser-Busch stock, per his most recently released financial disclosures.
Anheuser-Busch stocks rose Wednesday after former President Donald Trump defended the Bud Light parent company, which his most recent financial disclosures show he owns stock in.
"The Bud Light ad was a mistake of epic proportions, and for that a very big price was paid, but Anheuser-Busch is not a Woke company," Trump wrote Tuesday on Truth Social.
He said that Anheuser-Busch spends hundreds of millions of dollars with U.S. farmers, employs tens of thousands of U.S. workers and gives millions of dollars in scholarships.
"Anheuser-Busch is a Great American Brand that perhaps deserves a Second Chance? What do you think? Perhaps, instead, we should be going after those companies that are looking to DESTROY AMERICA!" Trump also wrote.
Anheuser-Busch Inbev stock rose more than 6% Wednesday from market close Tuesday, per Google Finance, placing the company's shares at nearly the same price as March 2023, before transgender influencer Dylan Mulvaney's partnership with Bud Light sparked a massive boycott.
Trump's most recently released financial disclosures, which are from 2021, show that the former president owns between $1 million to $5 million in Anheuser-Busch stock. It is unclear whether he still owns the stocks.
Trump's son, Donald Trump Jr., previously defended Bud Light, saying in April 2023 that the brand supports Republicans.